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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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Buyside Digest is not affiliated with, and does not endorse, The Gabelli ABC Fund. This analysis is provided for institutional research purposes only and is not investment advice.
"The Gabelli ABC Fund gained 2.08% in Q2 2026 as global M&A hit record levels with $2.85 trillion in first-half deal value, up 50% year-over-year. Mega-deals totaled $1.3 trillion, more than doubling 2025 levels."
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.
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