{
  "crd_number": 104949,
  "slug": "gabelli-funds-llc-rye-ny-104949",
  "primary_business_name": "GABELLI FUNDS, LLC",
  "legal_name": "GABELLI FUNDS, LLC",
  "dbas": [],
  "city": "Rye",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1990-11-16",
  "years_registered": 35,
  "period": "2026-10-01",
  "filing_date": "2026-07-14",
  "carried_forward": false,
  "raum_total": 24551398138.0,
  "raum_discretionary": 24551398138.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 56,
  "advisory_employees": 47,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 23917761328.0,
      "count": 31
    },
    "pooled_investment_vehicles": {
      "raum": 633636810.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL",
    "NJ",
    "NY"
  ],
  "websites": [
    "https://facebook.com/INVESTGABELLI",
    "https://gabelli.co.uk",
    "https://gabelli.com",
    "https://instagram.com/investgabelli",
    "https://linkedin.com/COMPANY/INVESTGABELLI",
    "https://x.com/InvestGabelli",
    "https://youtube.com/@GabelliTV"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104949",
  "city_as_filed": "RYE",
  "url": "https://advisorcensus.com/firm/gabelli-funds-llc-rye-ny-104949",
  "display_name": "Gabelli Funds, LLC",
  "summary": "Gabelli Funds, LLC is an SEC-registered investment advisory firm in Rye, NY, registered since 1990, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 14, 2026.",
  "citation": "AdvisorCensus. Gabelli Funds, LLC (CRD 104949): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Gabelli Funds, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Gabelli Funds, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Gabelli Funds, LLC located?",
      "a": "Gabelli Funds, LLC's principal office is in Rye, NY, according to its Form ADV; the August 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Gabelli Funds, LLC registered with the SEC or a state?",
      "a": "Gabelli Funds, LLC is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 104949."
    },
    {
      "q": "How much does Gabelli Funds, LLC manage?",
      "a": "Gabelli Funds, LLC reports $24,551,398,138 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary)."
    },
    {
      "q": "How have Gabelli Funds, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Gabelli Funds, LLC: Regulatory assets under management: $20,894,815,495 in the October 2021 data and $24,551,398,138 in the October 2026 data, up 17%. Total employees: 59 in October 2021 and 56 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Gabelli Funds, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (31); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Does Gabelli Funds, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104949"
    },
    {
      "q": "What changed in Gabelli Funds, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 48 to 47. Regulatory assets under management went from $21,954,257,048 to $24,551,398,138 (+12%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 20894815495.0,
      "total_employees": 59,
      "filing_date": "2021-07-09"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 22610817368.0,
      "total_employees": 59,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 19308129966.0,
      "total_employees": 58,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 21013464603.0,
      "total_employees": 58,
      "filing_date": "2024-05-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 21954257048.0,
      "total_employees": 58,
      "filing_date": "2025-06-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 24551398138.0,
      "total_employees": 56,
      "filing_date": "2026-07-14"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 48 to 47.",
        "Regulatory assets under management went from $21,954,257,048 to $24,551,398,138 (+12%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/gabelli-funds-llc-rye-ny-104949.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 31,
      "fewer_than_5": false,
      "raum": 23917761328.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 633636810.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/104949",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}