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 180
New Positions 34
Increased Positions 54
Decreased Positions 69
Positions with Activity 123
Sold Out Positions 22
Total Mkt Value (in $ millions) 269

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

Sector Weighting

Basic Materials 7.79%
Capital Goods 2.94%
Conglomerates
Consumer Cyclical 3.38%
Consumer/Non-Cyclical 6.7%
Energy 9.36%
Financial 15.32%
Healthcare 9.17%
Services 17.32%
Technology 20.15%
Transportation 3.59%
Utilities 2.57%

180 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 5,013 -1,203 (19.35) 29,327
VERISIGN INC COM 4,353 New 67,853
WESTERN REFNG INC COM 4,313 New 94,950
RADIAN GROUP INC COM 4,131 111 2.77 232,973
PARTNERRE LTD COM 4,021 -713 (15.07) 31,344
TESORO CORP COM 3,946 -689 (14.87) 43,888
AMERICAN INTL GROUP INC COM NEW 3,722 2,036 120.71 64,457
ON SEMICONDUCTOR CORP COM 3,681 New 311,676
HUNTINGTON INGALLS INDS INC COM 3,667 New 27,374
LEUCADIA NATL CORP COM 3,551 321 9.95 148,195
MANPOWERGROUP INC COM 3,534 261 7.98 41,288
FIRST SOLAR INC COM 3,507 107 3.13 61,170
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM 3,496 New 97,342
CALPINE CORP COM NEW 3,446 2,534 278.14 162,223
PERRIGO CO PLC SHS 3,406 -965 (22.08) 18,285
HARRIS CORP DEL COM 3,391 -564 (14.27) 42,148
TELEPHONE & DATA SYS INC COM NEW 3,390 New 117,652
VALERO ENERGY CORP NEW COM 3,332 -130 (3.76) 56,572
CELANESE CORP DEL COM SER A 3,329 2,240 205.90 49,555
HESS CORP COM 3,257 New 42,975