GABELLI ETFS TRUST

Ticker: GABF CUSIP: 36261K400 Class: FINL SVCS OPPTYS

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

GABELLI FUNDS LLC

Value ($000) $2,079 Shares 45,000

Thrivent Financial for Lutherans

Value ($000) $1 Shares 23,365

Institution	Shares	Value ($000)
GABELLI FUNDS LLC	45,000	$2,079
Thrivent Financial for Lutherans	23,365	$1

Increased Positions (3)

Carter Financial Group, INC.

Value ($000) $3,040 (+3.3%) Shares 64,553 (+5.8%)

GAMCO INVESTORS, INC. ET AL

Value ($000) $9,911 (+1013.7%) Shares 214,520 (+1062.1%)

WELLS FARGO & COMPANY/MN

Value ($000) $24 (+210.6%) Shares 512 (+224.1%)

Institution	Prev Shares	Curr Shares	Change
Carter Financial Group, INC.	61,032	64,553	+3,521 (+5.8%)
GAMCO INVESTORS, INC. ET AL	18,460	214,520	+196,060 (+1062.1%)
WELLS FARGO & COMPANY/MN	158	512	+354 (+224.1%)

Decreased Positions (4)

Compass Ion Advisors, LLC

Value ($000) $587 (-25.9%) Shares 12,700 (-22.7%)

GTS SECURITIES LLC

Value ($000) $684 (-11.6%) Shares 14,800 (-7.7%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $339 (-36.6%) Shares 7,342 (-33.9%)

LPL Financial LLC

Value ($000) $651 (-9.8%) Shares 14,095 (-5.9%)

Institution	Prev Shares	Curr Shares	Change
Compass Ion Advisors, LLC	16,427	12,700	-3,727 (-22.7%)
GTS SECURITIES LLC	16,039	14,800	-1,239 (-7.7%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	11,107	7,342	-3,765 (-33.9%)
LPL Financial LLC	14,980	14,095	-885 (-5.9%)

Exited Positions (2)

Comprehensive Financial Planning, Inc./PA

Value ($000) $106 Shares 2,205

Value ($000) $21 Shares 431

Institution	Prev Shares	Prev Value ($000)
Comprehensive Financial Planning, Inc./PA	2,205	$106
UBS Group AG	431	$21