# Gabelli Funds, LLC

> 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.

- CRD: 104949
- Filed as: GABELLI FUNDS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rye, NY
- Filing period: October 2026
- Form ADV filing dated: July 14, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104949
- AdvisorCensus page: https://advisorcensus.com/firm/gabelli-funds-llc-rye-ny-104949

## Quick answers

**How is Gabelli Funds, LLC compensated?**
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.

**Where is Gabelli Funds, LLC located?**
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).

**Is Gabelli Funds, LLC registered with the SEC or a state?**
Gabelli Funds, LLC is an SEC-registered investment advisory firm, registered since 1990. Status as filed: Approved. CRD 104949.

**How much does Gabelli Funds, LLC manage?**
Gabelli Funds, LLC reports $24,551,398,138 in regulatory assets under management in its Form ADV filing dated July 14, 2026 (100% discretionary).

**How have Gabelli Funds, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Gabelli Funds, LLC serve?**
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).

**Does Gabelli Funds, LLC report any disciplinary disclosures?**
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

**What changed in Gabelli Funds, LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $24,551,398,138
- Discretionary: $24,551,398,138
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 31 | $23,917,761,328 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $633,636,810 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 1990 (35 years)
- Employees: 56 total, 47 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL, NJ, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Chicago, IL
- Morristown, NJ

### Websites listed on Form ADV (Item 1.I)
- gabelli.co.uk
- gabelli.com
- Facebook @INVESTGABELLI
- Instagram @investgabelli
- LinkedIn @INVESTGABELLI
- X @InvestGabelli
- YouTube @GabelliTV

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $20,894,815,495 | 59 | July 9, 2021 |
| October 2022 | $22,610,817,368 | 59 | March 29, 2022 |
| October 2023 | $19,308,129,966 | 58 | March 31, 2023 |
| October 2024 | $21,013,464,603 | 58 | May 17, 2024 |
| October 2025 | $21,954,257,048 | 58 | June 6, 2025 |
| October 2026 | $24,551,398,138 | 56 | July 14, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gabelli Funds, LLC (CRD 104949): Form ADV filing data as of October 2026.