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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 (2016Q2)
Portfolio Summary: 188 holdings with a total value of $267,989,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 HD SUPPLY HLDGS INCORPORATED 13,789 480,000 0.18%
152 KCG HLDGS INC 35,621 474,000 0.18%
153 PERRIGO CO PLC 5,166 469,000 0.18%
154 AMBAC FINL GROUP INC 28,081 462,000 0.17%
155 CASH AMER INTL 10,837 462,000 0.17%
156 SYNOPSYS INC 14,993 459,000 0.17%
157 WINDSTREAM HLDGS INC 49,060 455,000 0.17%
158 MCDERMOTT INTL INC 92,000 454,000 0.17%
159 CAESARS ENTERTAINMENT 59,052 454,000 0.17%
160 TRIPLE-S MGMT CORP 18,546 453,000 0.17%
161 EARTHLINK HOLDINGS ORD 70,745 453,000 0.17%
162 BANC OF CALIFORNIA INC COM 24,583 445,000 0.17%
163 ORTHOFIX INTL N V 10,455 443,000 0.17%
164 BEST BUY INC 14,491 443,000 0.17%
165 WESTLAKE CHEM CORP 10,261 440,000 0.16%
166 KELLY SVCS INC CL A 23,034 437,000 0.16%
167 CENTURY ALUM CO 68,969 437,000 0.16%
168 WABASH NATL CORP 34,000 432,000 0.16%
169 CHART INDS INC 17,902 432,000 0.16%
170 FIVE PRIME THERAPEUTICS INC 10,300 426,000 0.16%
171 SPX CORP 28,500 423,000 0.16%
172 SILVER SPRING NETWORKS INC COM 32,700 397,000 0.15%
173 WADDELL & REED FINL INC 22,418 386,000 0.14%
174 DENBURY RESOURCES INC 104,696 376,000 0.14%
175 TRANSOCEAN LTD 30,400 361,000 0.13%
176 WESTERN DIGITAL CORP 7,604 359,000 0.13%
177 PLY GEM HOLDINGS INC 23,100 337,000 0.13%
178 ENDO INTL PLC 20,462 319,000 0.12%
179 EMERGENT BIOSOLUTIONS INC 10,632 299,000 0.11%
180 TRONOX LTD SHS CL A 67,240 297,000 0.11%
181 COMMUNITY HEALTH SYS INC NEW 24,036 289,000 0.11%
182 AUTONATION INC 5,425 255,000 0.10%
183 ALLSCRIPTS HEALTHCARE SOLUTN 19,310 245,000 0.09%
184 AMERICAN EXPRESS CO 4,000 243,000 0.09%
185 TOWER INTL INC 11,500 237,000 0.09%
186 WEATHERFORD INTL PLC 42,000 233,000 0.09%
187 GROUPON INC 59,511 193,000 0.07%
188 CONSOL ENERGY INC 10,300 166,000 0.06%
Page 4 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-16-003627, filed 2016.07.27).

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.