The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Aug 14, 2026
The Gabelli ABC Fund delivered a 2.08% return in Q2 2026, outperforming its benchmark as global M&A activity reached record levels. Worldwide announced M&A value hit an all-time high of $2.85 trillion in the first half of 2026, up 50% year-over-year, with the second quarter alone delivering $1.6 trillion. This marked the fourth consecutive quarter above $1 trillion and the largest single quarter on record. Mega-deals over $10 billion totaled $1.3 trillion, more than double 2025 levels. Cash deals dominated at 63% of transactions. The Fund's top contributors included Rogers Corp., Myers Industries Inc., and Soleno Therapeutics Inc., while detractors included Pan American Silver Corp. and Fox Corp. Class B. The pipeline remains robust with pending deals including Catalyst Pharmaceuticals, Global Business Travel Group, and Taylor Morrison Home Corp. The Fund closed several transactions during the quarter including Janus Henderson Group and Masimo Corp. The strong M&A environment provides continued opportunities for the Fund's arbitrage-focused strategy.
The Gabelli ABC Fund pursues total returns that are attractive to investors in various market conditions without excessive risk of capital loss by focusing on arbitrage strategies in event-driven situations such as announced mergers, spin-offs, split-ups, liquidations, and reorganizations.
The Fund continues to focus on announced mergers, acquisitions, spin-offs, split-ups, liquidations, and reorganizations. The strong M&A environment with record deal activity and mega-transactions provides a robust pipeline of opportunities. The Fund may also hold a significant portion of its assets in U.S. Treasury bills in anticipation of quick, non-market correlated opportunities.
Neutral / Balanced
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon
Top Conviction Themes
Every insight in this database connects to the original source. Read the actual thesis, see the actual concerns, and make your own call.
Buyside Digest has no business relationship, partnership, agency, sponsorship, endorsement, or affiliation with The Gabelli ABC Fund or any other manager whose content appears on the Service, except where expressly stated. We do not receive Manager Content directly from managers in most cases; content is collected from publicly available sources. Managers have not necessarily reviewed, approved, authorized, or endorsed our display of their content, our editorial commentary, our metadata extraction, or our classifications. Use of a manager’s name is for accurate attribution and identification purposes only, under principles of nominative fair use.
Buyside Digest does not independently verify the regulatory status, registrations, licensing, qualifications, credentials, or professional standing of managers whose content appears on the Service. We do not represent that managers are properly registered with applicable regulatory bodies, that their content complies with applicable securities laws, or that their performance representations are accurate. Inclusion of a manager in our database is based on the publicly available nature of their content, not on our verification of their regulatory status or content compliance. Users are responsible for conducting their own due diligence on any manager.
Performance data, returns, assets under management (“AUM”), and similar figures displayed on this page are sourced from publicly available manager communications (including investor letters), public filings, or other third-party sources. Buyside Digest does not independently verify performance figures, calculate returns, or audit manager-reported data. Such figures: May be selectively reported by the manager; May use non-standard calculation methodologies; May not reflect fees, expenses, taxes, or other costs; May be inconsistent across reporting periods; May be outdated. Past performance is not indicative of future results. Performance figures should not be relied upon for investment decisions without independent verification. Users should request audited performance data directly from the manager and conduct their own due diligence.