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 (2016Q4)
Portfolio Summary: 183 holdings with a total value of $256,550,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 ALLEGHANY CORP 1,728 1,051,000 0.41%
102 CONVERGYS CORPORATION 45,746 1,124,000 0.44%
103 EBAY INC 38,293 1,136,000 0.44%
104 MGIC INVT CORP WIS 113,565 1,158,000 0.45%
105 USG Corp 40,563 1,172,000 0.46%
106 UNITED RENTALS INC 11,548 1,219,000 0.48%
107 CROSSTEX ENERGY INC 64,636 1,231,000 0.48%
108 GENTEX CORP 64,346 1,267,000 0.49%
109 HARTFORD FINL SVCS GROUP INC 27,805 1,325,000 0.52%
110 TEXAS INSTRS INC 18,800 1,372,000 0.53%
111 VALERO ENERGY CORP NEW 20,471 1,398,000 0.54%
112 BED BATH & BEYOND INC 37,538 1,526,000 0.59%
113 PRUDENTIAL FINL INC 15,123 1,573,000 0.61%
114 REGIONS FINANCIAL CORP NEW 113,000 1,623,000 0.63%
115 HD SUPPLY HLDGS INCORPORATED 38,465 1,635,000 0.64%
116 FORD MTR CO DEL 140,744 1,707,000 0.67%
117 TESORO CORP 19,934 1,743,000 0.68%
118 BANK AMER CORP 79,700 1,761,000 0.69%
119 FRANKLIN RESOURCES INC 45,433 1,799,000 0.70%
120 COMCAST CORP NEW 26,500 1,830,000 0.71%
121 IAC INTERACTIVECORP 28,486 1,846,000 0.72%
122 HP INC 124,597 1,849,000 0.72%
123 CACI INTL INC CL A 15,600 1,939,000 0.76%
124 GRAPHIC PACKAGING HLDG CO 158,000 1,972,000 0.77%
125 EMERSON ELEC CO 37,245 2,076,000 0.81%
126 PFIZER INC 64,205 2,085,000 0.81%
127 GOODYEAR TIRE & RUBR CO 70,866 2,188,000 0.85%
128 LEGG MASON INC 73,570 2,200,000 0.86%
129 BRUNSWICK CORP 41,899 2,285,000 0.89%
130 VARIAN MED SYS INC 25,500 2,289,000 0.89%
131 NEWS CORP CL A 200,416 2,297,000 0.90%
132 ARAMARK 64,800 2,315,000 0.90%
133 UNITED THERAPEUTICS CORP DEL 16,196 2,323,000 0.91%
134 VERIZON COMMUNICATIONS INC 43,902 2,343,000 0.91%
135 MERCK & CO INC 40,138 2,363,000 0.92%
136 MANPOWERGROUP INC 26,675 2,370,000 0.92%
137 AFFILIATED MANAGERS GROUP 16,831 2,446,000 0.95%
138 XEROX CORP 282,371 2,465,000 0.96%
139 PERKINELMER INC 47,353 2,469,000 0.96%
140 HYATT HOTELS CORP COM CL A 46,204 2,553,000 1.00%
141 UNITED PARCEL SERVICE INC 22,314 2,558,000 1.00%
142 AMGEN INC 17,565 2,568,000 1.00%
143 HUNTINGTON INGALLS INDS INC 13,974 2,574,000 1.00%
144 JOHNSON & JOHNSON 22,425 2,584,000 1.01%
145 ANTHEM INC 18,000 2,588,000 1.01%
146 DAVITA INC 40,654 2,610,000 1.02%
147 OLD REP INTL CORP 137,615 2,615,000 1.02%
148 EVEREST RE GROUP LTD 12,166 2,632,000 1.03%
149 EASTMAN CHEM CO 35,302 2,655,000 1.03%
150 RYDER SYS INC 36,212 2,696,000 1.05%
Page 3 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001172661-17-000175, filed 2017.01.27).

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.