Gabelli Funds’ Top Q3 Basic Materials Stocks: NEM, ABX, AEM, GOLD, EP, CVX

Wall St. Watchdog reveals information regarding Gabelli Funds’ top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 138 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $2.551 billion.

  • Newmont Mining Corp. (NYSE:NEM): On 06/30/2011, Gabelli Funds reported holding 3,170,671 shares with a market value of $171,121,118. This comprised 1.15% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 3,164,571 shares with a market value of $199,209,747. This comprised 1.61% of the total portfolio. The net change in shares for this position over the two quarters is -6,100. About Company: Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia.
  • Barrick Gold Corporation (NYSE:ABX): On 06/30/2011, Gabelli Funds reported holding 2,088,403 shares with a market value of $94,583,774. This comprised 0.64% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,039,403 shares with a market value of $95,138,153. This comprised 0.77% of the total portfolio. The net change in shares for this position over the two quarters is -49,000. About Company: Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.
  • Agnico-eagle Mines Ltd. (NYSE:AEM): On 06/30/2011, Gabelli Funds reported holding 1,621,531 shares with a market value of $102,367,254. This comprised 0.69% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,584,431 shares with a market value of $94,305,334. This comprised 0.76% of the total portfolio. The net change in shares for this position over the two quarters is -37,100. About Company: Agnico-Eagle Mines Limited is a gold producer with operations primarily in Quebec, Canada. The Company also conducts exploration and development activities in Ontario, Canada, and Nevada in the United States. Agnico-Eagle’s gold production is primarily from underground mining operations.
  • Randgold Resources Ltd. (NASDAQ:GOLD): On 06/30/2011, Gabelli Funds reported holding 1,487,300 shares with a market value of $125,007,570. This comprised 0.84% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 951,200 shares with a market value of $92,000,065. This comprised 0.74% of the total portfolio. The net change in shares for this position over the two quarters is -536,100. About Company: Randgold Resources Limited is a gold mining and exploration company. The Company conducts gold mining operations in regions throughout the gold regions of Africa.
  • El Paso Corp. (NYSE:EP): On 06/30/2011, Gabelli Funds reported holding 4,639,633 shares with a market value of $93,720,590. This comprised 0.63% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 5,169,643 shares with a market value of $90,365,357. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is 530,010. About Company: El Paso Corporation operates natural gas pipeline and storage facilities, transports natural gas, and imports liquefied natural gas. El Paso also explores for and produces natural gas. The Company has operations in the United States, Brazil, and Egypt.
  • Chevron Corp. (NYSE:CVX): On 06/30/2011, Gabelli Funds reported holding 868,700 shares with a market value of $89,337,105. This comprised 0.6% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 896,300 shares with a market value of $82,988,414. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is 27,600. About Company: Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
  • Conocophillips (NYSE:COP): On 06/30/2011, Gabelli Funds reported holding 1,523,050 shares with a market value of $114,518,133. This comprised 0.77% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,305,050 shares with a market value of $82,635,766. This comprised 0.67% of the total portfolio. The net change in shares for this position over the two quarters is -218,000. About Company: ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics.
  • Gold Fields Ltd. (NYSE:GFI): On 06/30/2011, Gabelli Funds reported holding 4,451,649 shares with a market value of $64,949,560. This comprised 0.44% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 4,418,649 shares with a market value of $67,693,701. This comprised 0.55% of the total portfolio. The net change in shares for this position over the two quarters is -33,000. About Company: Gold Fields Limited produces precious metals. The Company has mines in South Africa, Ghana, and Australia, as well as a partnership in Finland. Gold Fields has a precious metals programs in Africa, Australasia, Europe, North America, and South America.
  • Consol Energy Inc. (NYSE:CNX): On 06/30/2011, Gabelli Funds reported holding 1,547,000 shares with a market value of $74,998,559. This comprised 0.51% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,810,000 shares with a market value of $61,413,301. This comprised 0.5% of the total portfolio. The net change in shares for this position over the two quarters is 263,000. About Company: CONSOL Energy Inc. produces high-BTU bituminous coal, and also coalbed methane gas. The Company primarily produces pipeline-quality coalbed methane gas from coal properties in the Northern and the Central Appalachian basin, other western basins, and oil and gas from properties in the Appalachian and Illinois Basins.
  • Halliburton Company (NYSE:HAL): On 06/30/2011, Gabelli Funds reported holding 1,896,100 shares with a market value of $96,701,100. This comprised 0.65% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,895,700 shares with a market value of $57,856,765. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is -400. About Company: Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

(Note: Data regarding Gabelli Funds’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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