Dark
Light
System
Institutional Investment Manager
GARGOYLE INVESTMENT ADVISOR L.L.C.
GARGOYLE INVESTMENT ADVISOR L.L.C. (CIK: 0001389974) incorporated in New York, located at 285 Grand Avenue, Englewood, NJ. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 168 holdings with a total value of $262,330,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 TYSON FOODS INC 49,888 2,127,000 0.81%
52 RELIANCE STEEL & ALUMINUM CO 34,846 2,107,000 0.80%
53 EXPRESS SCRIPTS HLDG CO 23,622 2,101,000 0.80%
54 LIBERTY GLOBAL PLC 38,583 2,086,000 0.80%
55 REINSURANCE GROUP AMER INC 21,960 2,083,000 0.79%
56 EXXON MOBIL CORP 24,259 2,018,000 0.77%
57 MORGAN STANLEY 51,547 2,000,000 0.76%
58 YAHOO INC 50,670 1,991,000 0.76%
59 LIBERTY MEDIA HOLDING CP INTER A 71,339 1,980,000 0.75%
60 WESCO INTL INC 28,644 1,966,000 0.75%
61 HARLEY DAVIDSON INC 34,862 1,964,000 0.75%
62 MGIC INVT CORP WIS 172,194 1,960,000 0.75%
63 BLOCK H & R INC 65,508 1,942,000 0.74%
64 CORNING INC 98,086 1,935,000 0.74%
65 LEGG MASON INC 37,475 1,931,000 0.74%
66 CHEVRON CORP NEW 19,999 1,929,000 0.74%
67 AMGEN INC 12,556 1,928,000 0.73%
68 VALSPAR CORP 23,420 1,916,000 0.73%
69 WADDELL & REED FINL INC 40,484 1,915,000 0.73%
70 NUCOR CORP 43,394 1,912,000 0.73%
71 EMERSON ELEC CO 33,836 1,876,000 0.72%
72 JOHNSON & JOHNSON 19,125 1,864,000 0.71%
73 INTEL CORP 60,709 1,846,000 0.70%
74 MICRON TECHNOLOGY INC 96,703 1,821,000 0.69%
75 SYMANTEC CORP 77,958 1,813,000 0.69%
76 LAS VEGAS SANDS CORP 34,375 1,807,000 0.69%
77 TRONOX LTD SHS CL A 121,313 1,775,000 0.68%
78 CABLEVISION SYS CORP(NEW) NY GROUP CL ACOM 65,400 1,566,000 0.60%
79 SEAGATE TECHNOLOGY PLC 30,076 1,429,000 0.54%
80 OWENS CORNING NEW 30,100 1,242,000 0.47%
81 HERBALIFE LTD 21,100 1,162,000 0.44%
82 COMMUNITY HEALTH SYS INC NEW 18,000 1,133,000 0.43%
83 GILEAD SCIENCES INC 9,500 1,112,000 0.42%
84 AVON PRODS INC 172,677 1,081,000 0.41%
85 Arris Group Inc 33,800 1,034,000 0.39%
86 TIME WARNER INC 11,230 982,000 0.37%
87 HARTFORD FINL SVCS GROUP INC 23,000 956,000 0.36%
88 INTERPUBLIC GROUP COS INC 49,146 947,000 0.36%
89 MICHAEL KORS HLDGS LTD 22,000 926,000 0.35%
90 LINN ENERGY LLC UNIT LTD LIAB 103,000 918,000 0.35%
91 NATIONAL OILWELL VARCO INC 19,000 917,000 0.35%
92 NAVIENT 50,200 914,000 0.35%
93 ALLERGAN PLC 3,000 910,000 0.35%
94 SUPERIOR ENERGY SVCS INC 41,943 882,000 0.34%
95 SPX CORP 12,121 877,000 0.33%
96 UNITED RENTALS INC 10,000 876,000 0.33%
97 SM ENERGY CO 18,500 853,000 0.33%
98 Tribune Media Company 15,910 849,000 0.32%
99 OASIS PETE INC NEW 52,807 837,000 0.32%
100 WOLVERINE WORLD WIDE INC COM 29,400 837,000 0.32%
Page 2 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-15-001717, filed 2015.08.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.