Gabelli Small Cap Growth Fund Amends STRT Ownership Filing

TL;DR

**Gabelli Small Cap Growth Fund updated its stake in Strattec Security Corp.**

AI Summary

Gabelli Equity Series Funds, Inc., specifically The Gabelli Small Cap Growth Fund, filed an amended SC 13G/A on January 16, 2024, indicating their beneficial ownership of Strattec Security Corporation (STRT) common stock as of December 31, 2023. This filing is an amendment (Amendment No. 4), suggesting a change in their previously reported ownership. While the exact percentage or share count isn't explicitly stated in the provided text, the filing confirms their continued significant interest in STRT, which matters to investors as large institutional holdings can influence stock stability and investor confidence.

Why It Matters

Large institutional ownership, like that of Gabelli, can signal confidence in a company's prospects and provide a degree of stability to the stock price.

Risk Assessment

Risk Level: low — This filing is routine for institutional investors and doesn't inherently indicate a high-risk event for the company.

Analyst Insight

Investors should note the continued institutional interest from Gabelli, but this filing alone doesn't provide enough detail to warrant immediate action. Further investigation into the specific change in ownership percentage would be beneficial.

Key Players & Entities

• Gabelli Equity Series Funds, Inc. (company) — the reporting person and institutional investor
• The Gabelli Small Cap Growth Fund (company) — a specific fund within Gabelli Equity Series Funds, Inc. that owns the shares
• Strattec Security Corporation (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 16, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• strt13g_04.htm (SC 13G/A) — 30KB
• 0000807249-24-000014.txt ( ) — 31KB

(a). Name of Issuer

Item 1(a). Name of Issuer Strattec Security Corporation

(b). Address of Issuer's Principal Executive Offices

Item 1(b). Address of Issuer's Principal Executive Offices 3333 West Good Hope Road Milwaukee, WI 53209

(a). Name of Person Filing

Item 2(a). Name of Person Filing Gabelli Equity Series Funds, Inc. - The Gabelli Small Cap Growth Fund (the "Reporting Person")

(b). Address of Principal Business Offices

Item 2(b). Address of Principal Business Offices One Corporate Center, Rye, N.Y. 10580

(c). Citizenship

Item 2(c). Citizenship Maryland

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities Common Stock

(e). CUSIP No

Item 2(e). CUSIP No. 863111100 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: a. [ ] Broker or dealer registered under Section 15 of the Act; b. [ ] Bank as defined in Section 3(a)(6) of the Act; c. [ ] Insurance company as defined in Section 3(a)(19) of the Act; d. [X] Investment company registered under Section 8 of the Investment Company Act of 1940; e. [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); f. [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); g. [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); h. [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); i. [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; j. [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); k. [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

Ownership

Item 4. Ownership The aggregate number of Securities to which this Schedule 13G relates is 253,000 shares, representing 6.22% of the 4,068,720 shares outstanding as reported in the Issuer's most recently filed Form 10-Q for the quarterly period ended October 1, 2023. In accordance with the policies and procedures of the Reporting Person, the proxy voting committee of the Reporting Person exercises in its sole discretion the entire voting power with respect to all shares of the Issuer held and to be held by the Reporting Person until such committee otherwise determines. The proxy voting committee, which is a committee of the Board of Directors of the Reporting Person consisting entirely of independent directors, also has sole dispositive power over such shares.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class Not applicable.

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person Not applicable.

Identification and Classification of the Subsidiary Which Acquired the Security

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certification

Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. 3 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 16, 2024 GABELLI EQUITY SERIES FUNDS, INC. - THE GABELLI SMALL CAP GROWTH FUND By : /s/ John Ball ____ John Ball President 4

View Full Filing

View this SC 13G/A filing on SEC EDGAR