Why Gabelli Bought Microsoft Corporation (MSFT) Near Its 52-Week Lows
Source: Insider Monkey ·
Gabelli Investment Management Firm recently released its “Dividend Growth Fund” second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund faced a second quarter in which a dramatic stock-market rebound was led by semiconductor and industrial shares, while the Fund’s more defensive positioning and limited exposure to the strongest AI […]
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Gabelli Investment Management Firm recently released its "Dividend Growth Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here . The Fund faced a second quarter in which a dramatic stock-market rebound was led by semiconductor and industrial shares, while the Fund's more defensive positioning and limited exposure to the strongest AI hardware names constrained its relative performance. Class I shares gained 5.35% in Q2, compared with a 9.99% return for the Lipper Large Cap Value Fund Average, while the Fund's one-year return stood at 18.68% versus 22.52% for the benchmark. The Fund benefited from selected exposure to major technology and financial companies, but its lack of exposure to the biggest AI hardware and semiconductor winners was a significant drag as exceptionally strong pricing and supply shortages drove those areas sharply higher; the Fund also maintained a modestly defensive position amid concerns over the Iran conflict, higher oil…