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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 (2016Q4)
Portfolio Summary: 183 holdings with a total value of $256,550,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 AVON PRODS INC 72,500 365,000 0.14%
152 CENTURY ALUM CO 42,153 361,000 0.14%
153 AMBAC FINL GROUP INC 15,719 354,000 0.14%
154 TRONOX LTD SHS CL A 34,041 351,000 0.14%
155 ALTISOURCE PORTFOLIO SOLNS S 12,931 344,000 0.13%
156 TAILORED BRANDS INC COM 13,241 338,000 0.13%
157 ENSTAR GROUP LIMITED COM 1,694 335,000 0.13%
158 FIVE PRIME THERAPEUTICS INC 6,625 332,000 0.13%
159 WABASH NATL CORP 19,975 316,000 0.12%
160 WORLD FUEL SVCS CORP 6,516 299,000 0.12%
161 MBIA INC 25,861 277,000 0.11%
162 LIONS GATE ENTMNT CORP CL B NON VTG 11,220 275,000 0.11%
163 AUTONATION INC 5,425 264,000 0.10%
164 MAIDEN HOLDINGS LTD 14,848 259,000 0.10%
165 OCWEN FINL CORP 46,731 252,000 0.10%
166 CENTENE CORP DEL 4,430 250,000 0.10%
167 EZCORP INC CL A NON VTG 22,864 244,000 0.10%
168 ELDORADO RESORTS INC COM 14,154 240,000 0.09%
169 VERITIV CORP 4,350 234,000 0.09%
170 TARGA RES CORP 4,071 228,000 0.09%
171 ENVISION HEALTHCARE CORP 3,586 227,000 0.09%
172 WEATHERFORD INTL PLC 44,816 224,000 0.09%
173 ISLE OF CAPRI CASINOS INC COM 8,955 221,000 0.09%
174 ALLSCRIPTS HEALTHCARE SOLUTN 19,310 197,000 0.08%
175 VALEANT PHARMACEUTICALS INTL 13,161 191,000 0.07%
176 BANKRATE INC DEL COM 16,397 181,000 0.07%
177 UNISYS CORP 11,633 174,000 0.07%
178 OFFICE DEPOT INC 35,425 160,000 0.06%
179 CLIFFS NAT RES INC 17,000 143,000 0.06%
180 WINDSTREAM HLDGS INC 18,980 139,000 0.05%
181 NET 1 UEPS TECHNOLOGIES INC 11,700 134,000 0.05%
182 MANITOWOC INC COM 17,225 103,000 0.04%
183 GENWORTH FINL INC 26,526 101,000 0.04%
Page 4 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.