Mario Gabelli on Paramount and 5 Other Stocks

3. Textron Inc (NYSE:TXT)

Mario Gabelli’s Stake in Q4 2023: $130 million

One-Year Returns as of May 7: 33.15%

Textron Inc. (NYSE:TXT) is a renowned American industrial conglomerate headquartered in Providence, Rhode Island, known for its cutting-edge defense, government, and aerospace technologies and services. Among its notable subsidiaries are Arctic Cat, Bell Textron, Textron Aviation, and Lycoming Engines. Established by Royal Little in 1923 under the name Special Yarns Company.

As of the end of last year’s fourth quarter, Insider Monkey’s data indicates that 28 out of the 933 hedge funds profiled were shareholders of Textron Inc. (NYSE:TXT). Mario Gabelli’s GAMCO Investors holds the largest hedge fund stake in the company with a $130 million investment.