Why Rogers Communications Inc. (RCI) Remains a Gabelli Holding

Why Rogers Communications Inc. (RCI) Remains a Gabelli Holding

Wed, September 23, 2026 at 5:05 PM GMT+3 3 min read

Gabelli Investment Management Firm recently released its "Global Rising Income and Dividend Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 5.78% in the second quarter of 2026, trailing the MSCI World Index, which gained 13.90% as global markets rallied broadly during the period. The letter highlighted easing concerns around tariffs and the global trade war, while geopolitical tensions also moderated toward quarter-end. The Fund noted that the S&P 500 gained approximately 15%, while the MSCI EAFE Index rose about 4%, with substantial differences among international markets. Looking ahead, the Fund expects the Federal Reserve to keep short-term interest rates steady for several more months because inflation remains above the central bank's 2% target, making near-term rate cuts less likely. The Fund continues to pursue income and long-term capital appreciation through a diversified global portfolio, and had $73.1 million in net assets at the end of the quarter. In addition, please check the Fund's top five holdings to know its best picks in 2026.

In its second-quarter 2026 investor letter, Gabelli Global Rising Income and Dividend Fund highlighted stocks like Rogers Communications Inc. (NYSE:RCI). Rogers Communications Inc. (NYSE:RCI) is a Canadian communications, sports, and entertainment company operating across wireless, cable, and media businesses. The one-month return of Rogers Communications Inc. (NYSE:RCI) was approximately -5.13%, while its shares traded between $31.38 and $41.14 over the last 52 weeks. The one-month figure is calculated from the August 21, 2026 closing price of $36.27 to the September 21, 2026 closing price of $34.41. On September 22, 2026, Rogers Communications Inc. (NYSE:RCI) stock closed at approximately $34.41 per share, with a market capitalization of about $18.68 billion.

Gabelli Global Rising Income and Dividend Fund stated the following regarding Rogers Communications Inc. (NYSE:RCI) in its Q2 2026 investor letter:

"Rogers Communications Inc. (NYSE:RCI) (2.4%) (RCI – $32.50 – NYSE), owns the largest wireless operator and the largest cable multiple service operator in Canada as well as a media business with a focus on sports and regional TV and radio, including ownership of the Toronto Blue Jays Baseball Club and a controlling interest in Maple Leaf Sports & Entertainment (MLSE). In July 2026, Rogers agreed to purchase the remaining 25% stake in MLSE (the owner of the Toronto Maple Leafs, Toronto Raptors, and Toronto FC, among others) from Kilmer Sports for C$4.35 billion. The transaction will increase RCI's interest in that entity to 100%. RCI continues focusing on unlocking value from its vast sports portfolio, with next steps likely including combining all sports and media assets into a single organization and selling a sizeable minority interest in that entity to institutional investors."

Rogers Communications Inc. (NYSE:RCI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 22 hedge fund portfolios held Rogers Communications Inc. (NYSE:RCI) at the end of the first quarter, compared with 25 in the previous quarter. While we acknowledge the risk and potential of Rogers Communications Inc. (NYSE:RCI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Rogers Communications Inc. (NYSE:RCI) and discussed its expansion of satellite roaming coverage in the U.S. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.

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This article is originally published at Insider Monkey.