PM Images/DigitalVision via Getty Images PORTFOLIO MANAGEMENT: Mario J. Gabelli, CFA, Kevin V. Dreyer, Christopher J. Marangi Investment Scorecard During the first quarter of 2026 (January 1 through March 31, 2026), the Gabelli Small Cap Growth Fund ( GABSX ) outperformed the Russell 2000 Index and the Lipper Small-Cap Core Funds Average, yet underperformed the S&P 600 SmallCap Index. The better-p...
PM Images/DigitalVision via Getty Images PORTFOLIO MANAGEMENT: Mario J. Gabelli, CFA, Kevin V. Dreyer, Christopher J. Marangi Investment Scorecard During the first quarter of 2026 (January 1 through March 31, 2026), the Gabelli Small Cap Growth Fund ( GABSX ) outperformed the Russell 2000 Index and the Lipper Small-Cap Core Funds Average, yet underperformed the S&P 600 SmallCap Index. The better-performing stocks in our portfolio included Modine Manufacturing Co. (1.1% of net assets as of March 31, 2026), Gorman-Rupp Co. (2.5%), and Dana Inc. (1.3%). Modine Manufacturing Co. ( MOD ) is a manufacturer and provider of thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications, primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers. Gorman-Rupp Co. ( GRC ) designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company offers self-priming, standard and magnetic drive centrifugal systems, as well as several types of boosters, diaphragms, bellows, and pumps. Its products are used in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire suppression, heating, ventilating and air conditioning, military, and other liquid-handling applications. The company markets its products through a network of distributors, manufacturers' representatives, third-party distributor catalogs, direct sales, retailers, and e-commerce. Dana Inc. ( DAN ) is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The comp...