UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-04873

The Gabelli Growth Fund

(Exact name of registrant as specified in charter)

One Corporate Center
Rye, New York 10580-1422

(Address of principal executive offices) (Zip code)

John C. Ball
Gabelli Funds, LLC
One Corporate Center
Rye, New York 10580-1422

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-422-3554

Date of fiscal year end: December 31

Date of reporting period: June 30, 2024

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

(a)

Include a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1).

The Report to Shareholders is attached herewith.

The Gabelli Growth Fund

Class AAA - GABGX

Semi-Annual Shareholder Report - June 30, 2024

Fund Overview

This semi-annual shareholder report contains important information about The Gabelli Growth Fund (the Fund) for the period of January 1, 2024 to June 30, 2024. The Gabelli Growth Fund is a diversified Fund whose investment objective is to seek capital appreciation. The Portfolio Manager looks for companies poised for durable market share gains in secular growth industries and whose prospective earnings power appears undervalued. The Fund invests primarily in large-capitalization equity securities. You can find additional information about the Fund at www.gabelli.com. You can also request this information by contacting us at 800-GABELLI (800-422-3554).

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Class Name	Costs of a $10k Investment	Costs Paid as a % of a $10k Investment
The Gabelli Growth Fund - Class AAA	$76	1.35%

How did the Fund perform?

During the six months ended June 30, 2024, the Gabelli Growth Fund outperformed its broad-based benchmark, the S&P 500 Index. Economic data started to soften during the second quarter, suggesting tighter monetary policy could be having its intended effect. Separately, the artificial intelligence cycle has accelerated so far this year, and beneficiaries are emerging in the semiconductor and data center infrastructure sectors. Against this backdrop, many of our large technology holdings performed well.

How has the Fund performed over the past 10 years?

The performance chart of the fund class presented reflects a hypothetical $10,000 investment, assuming the maximum sales charge, compared to a broad-based securities market index and more narrowly based indices reflecting market sectors in which the Fund invests over a 10-year period. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains distribution. Fund expenses were deducted.

Total Return Based on a $10,000 Investment

	The Gabelli Growth Fund - Class AAA	S&P 500 Index	Russell 1000 Growth Index
6/14	10,000	10,000	10,000
6/15	10,842	10,742	11,056
6/16	10,957	11,171	11,390
6/17	13,021	13,170	13,716
6/18	16,374	15,063	16,803
6/19	18,324	16,632	18,746
6/20	22,697	17,881	23,110
6/21	31,037	25,175	32,931
6/22	22,602	22,501	26,750
6/23	27,676	26,910	34,002
6/24	38,653	33,519	45,386

Average Annual Total Returns

Fund	6 months	1 Year	5 Year	10 Year
The Gabelli Growth Fund - Class AAA	27.13%	39.66%	16.10%	14.48%
S&P 500 Index	15.29%	24.56%	15.05%	12.86%
Russell 1000 Growth Index	20.70%	33.48%	19.34%	16.33%

Fund Statistics

Total Net Assets$1,134,250,566
Number of Portfolio Holdings39
Portfolio Turnover Rate16%
Management Fees$5,054,515

Past performance does not guarantee future results. Call 800-GABELLI (800-422-3554) or visit www.gabelli.com for current month-end performance.

The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on fund distributions or the redemption of fund shares.

Updated Location: Visit www.confluence.com/funds for more recent performance information.

What did the Fund invest in?

Top 10 Holdings (% of net assets)

Top 10
Microsoft Corp.	13.3%
NVIDIA Corp.	12.3%
Alphabet Inc.	8.8%
Amazon.com Inc.	7.7%
Apple Inc.	5.3%
Eli Lilly & Co.	4.9%
Meta Platforms Inc.	4.7%
Netflix Inc.	4.3%
Mastercard Inc.	2.7%
ASML Holding NV	2.4%

Industry Allocation (% of net assets)

Industry Weighting	.
Technology - Software	21.5%
Consumer Discretionary	17.7%
Technology - Computer Services	13.5%
Technology - Semiconductors	12.3%
Technology - Hardware and Equipment	9.8%
Health Care	8.5%
Financials	7.3%
Industrials	6.4%
Other Industry sectors	3.0%
Other Assets and Liabilities (Net)	0.0%

Portfolio Weighting (% of net assets)

Value	Value
Common Stocks	97.8%
U.S. Government Obligations	2.2%
Other Assets and Liabilities (Net)	0.0%

The Gabelli Growth Fund

Semi-Annual Shareholder Report - June 30, 2024

Class AAA - GABGX

Where can I find additional information about the Fund?

If you wish to view additional information about the Fund; including but not limited to financial statements or holdings, please visit www.gabelli.com.

Phone: 800-GABELLI (800-422-3554)

Email: info@gabelli.com

Householding

If you wish to receive a copy of this document at a new address, contact 800-GABELLI (800-422-3554)

GABGX-24-SATSR

The Gabelli Growth Fund

Class C - GGCCX

Semi-Annual Shareholder Report - June 30, 2024

Fund Overview

What were the Fund costs for the last six months?

(based on a hypothetical $10,000 investment)

Class Name	Costs of a $10k Investment	Costs Paid as a % of a $10k Investment
The Gabelli Growth Fund - Class C	$118	2.10%

How did the Fund perform?

How has the Fund performed over the past 10 years?

Total Return Based on a $10,000 Investment

	The Gabelli Growth Fund - Class C	S&P 500 Index	Russell 1000 Growth Index
6/14	10,000	10,000	10,000
6/15	10,661	10,742	11,056
6/16	10,586	11,171	11,390
6/17	12,379	13,170	13,716
6/18	15,330	15,063	16,803
6/19	16,875	16,632	18,746
6/20	20,576	17,881	23,110
6/21	27,717	25,175	32,931
6/22	19,832	22,501	26,750
6/23	23,905	26,910	34,002
6/24	32,897	33,519	45,386

Average Annual Total Returns

Fund	6 months	1 Year	5 Year	10 Year
The Gabelli Growth Fund - Class C	25.66%	37.61%	15.23%	13.62%
S&P 500 Index	15.29%	24.56%	15.05%	12.86%
Russell 1000 Growth Index	20.70%	33.48%	19.34%	16.33%

Fund Statistics

Total Net Assets$1,134,250,566
Number of Portfolio Holdings39
Portfolio Turnover Rate16%
Management Fees$5,054,515

Past performance does not guarantee future results. Call 800-GABELLI (800-422-3554) or visit www.gabelli.com for current month-end performance.

The table and graph presented above do not reflect the deduction of taxes a shareholder would pay on fund distributions or the redemption of fund shares.

Updated Location: Visit www.confluence.com/funds for more recent performance information.