GARGOYLE INVESTMENT ADVISOR L.L.C. Information

285 GRAND AVENUE, BLDG. 1, ENGLEWOOD, New Jersey, 07631, (201) 227-2200

Report Date: 03/31/2015

Position Statistics

Total Positions 179
New Positions 34
Increased Positions 54
Decreased Positions 68
Positions with Activity 122
Sold Out Positions 22
Total Mkt Value (in $ millions) 261

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 7.53%
Capital Goods 2.87%
Conglomerates
Consumer Cyclical 3.35%
Consumer/Non-Cyclical 6.7%
Energy 9.03%
Financial 16.29%
Healthcare 9.61%
Services 17.91%
Technology 19.25%
Transportation 3.35%
Utilities 2.38%

179 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
UNITED THERAPEUTICS CORP DEL COM 5,072 -1,217 (19.35) 29,327
RADIAN GROUP INC COM 4,347 117 2.77 232,973
VERISIGN INC COM 4,295 New 67,853
WESTERN REFNG INC COM 4,293 New 94,950
PARTNERRE LTD COM 4,073 -722 (15.07) 31,344
AMERICAN INTL GROUP INC COM NEW 4,019 2,198 120.71 64,457
TESORO CORP COM 3,886 -679 (14.87) 43,888
MANPOWERGROUP INC COM 3,719 275 7.98 41,288
VALERO ENERGY CORP NEW COM 3,647 -142 (3.76) 56,572
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM 3,646 New 97,342
LEUCADIA NATL CORP COM 3,614 327 9.95 148,195
ON SEMICONDUCTOR CORP COM 3,606 New 311,676
CELANESE CORP DEL COM SER A 3,568 2,402 205.90 49,555
IAC INTERACTIVECORP COM PAR $.001 3,552 New 44,376
TELEPHONE & DATA SYS INC COM NEW 3,459 New 117,652
PERRIGO CO PLC SHS 3,384 -959 (22.08) 18,285
LIONS GATE ENTMNT CORP COM NEW 3,379 -537 (13.72) 90,642
EDWARDS LIFESCIENCES CORP COM 3,348 -109 (3.16) 23,317
ERIE INDTY CO CL A 3,313 -72 (2.12) 39,139
PTC INC COM 3,303 2,251 214 80,070