The Gabelli Asset Fund Q3 2025 Commentary
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Gabelli Funds71 FollowersFollow5ShareSavePlay(8min)CommentsSummaryThe largest contributor to performance was Newmont Corp., which benefited from an increase in gold prices from $3,300 per ounce to nearly $3,800 per ounce during the quarter.Shares of Caterpillar, Inc. rose in part due to strong demand for mining equipment along with investor optimism on potential opportunities to provide backup power generators for data centers.Agricultural equipment makers Deere and CNH Industrial both saw their shares decline amid weakness in prices and demand for crops such as soybeans and corn.Madison Square Garden Sports Co. is one of the few ways for the public to access the positive dynamics of sports franchises.Textron's track record of improving operations and gaining share should enhance its competitive position. designer491/iStock via Getty Images Investment Scorecard The largest contributor to performance was Newmont Corp. (NEM) (1.8% of net assets as of September 30, 2025; +45%), which benefited from an increase in gold prices from $3,300 per ounce to nearly $3,800 per ounce during theThis article was written byGabelli Funds71 FollowersFollowGAMCO Investors, Inc. is a well-known diversified asset manager and financial services company. The company's investment services are primarily offered through its subsidiary GAMCO Asset Managment Inc, which manages separate accounts for high net worth individuals, institutions, and qualified pension plans, and through the Company's role as advisor to a family of Mutual Funds. Note: This account is not managed or monitored by GAMCO Investors, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use GAMCO Investors' official channels.