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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 (2016Q3)
Portfolio Summary: 186 holdings with a total value of $264,269,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 CENTURY ALUM CO 58,984 410,000 0.16%
152 OCEANEERING INTL INC 14,857 409,000 0.15%
153 UNIVERSAL CORP VA 7,015 408,000 0.15%
154 KCG HLDGS INC 26,207 407,000 0.15%
155 FIVE PRIME THERAPEUTICS INC 7,760 407,000 0.15%
156 TRIPLE-S MGMT CORP 18,546 407,000 0.15%
157 SYNOPSYS INC 10,550 406,000 0.15%
158 GREENBRIER COS INC 11,457 404,000 0.15%
159 COMMERCIAL METALS CO COM 24,893 403,000 0.15%
160 ENNIS INC COM 23,733 400,000 0.15%
161 SKYWEST INC 15,158 400,000 0.15%
162 WABASH NATL CORP 27,975 398,000 0.15%
163 WINDSTREAM HLDGS INC 38,980 392,000 0.15%
164 WESTERN REFNG INC 12,976 343,000 0.13%
165 DENBURY RESOURCES INC 104,696 338,000 0.13%
166 SILVER SPRING NETWORKS INC COM 23,800 337,000 0.13%
167 EMERGENT BIOSOLUTIONS INC 10,632 335,000 0.13%
168 MYRIAD GENETICS INC 16,200 333,000 0.13%
169 PLY GEM HOLDINGS INC 23,100 309,000 0.12%
170 GROUPON INC 59,511 306,000 0.12%
171 LIONS GATE ENTERTN 14,000 280,000 0.11%
172 COMMUNITY HEALTH SYS INC NEW 24,036 277,000 0.10%
173 AUTONATION INC 5,425 264,000 0.10%
174 AMERICAN EXPRESS CO 4,000 256,000 0.10%
175 ALLSCRIPTS HEALTHCARE SOLUTN 19,310 254,000 0.10%
176 WEATHERFORD INTL PLC 42,000 236,000 0.09%
177 AMAG PHARMACEUTICALS INC 8,968 220,000 0.08%
178 ECLIPSE RES CORP COM 64,000 211,000 0.08%
179 TAILORED BRANDS INC COM 13,241 208,000 0.08%
180 GENWORTH FINL INC 41,470 206,000 0.08%
181 RETROPHIN INC 9,192 206,000 0.08%
182 XPO LOGISTICS INC 5,545 203,000 0.08%
183 LIGHT & WONDER INC COM 18,055 203,000 0.08%
184 ELDORADO RESORTS INC COM 14,154 199,000 0.08%
185 GENERAL CABLE CORP DEL NEW 11,500 172,000 0.07%
186 CLIFFS NAT RES INC 17,000 99,000 0.04%
Page 4 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-16-004133, filed 2016.11.10).

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.