GARGOYLE INVESTMENT ADVISOR L.L.C. Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 170
New Positions 30
Increased Positions 64
Decreased Positions 63
Positions with Activity 127
Sold Out Positions 24
Total Mkt Value (in $ millions) 277

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

Sector Weighting

Basic Materials 6.48%
Capital Goods 3.29%
Conglomerates
Consumer Cyclical 3.08%
Consumer/Non-Cyclical 8.25%
Energy 8.87%
Financial 13.12%
Healthcare 10.17%
Services 17.54%
Technology 23.38%
Transportation 3.46%
Utilities 0.58%

170 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
UNITED THERAPEUTICS CORP DEL COM 6,290 New 36,365
PILGRIMS PRIDE CORP NEW COM 5,011 New 211,366
FLEXTRONICS INTL LTD ORD 4,989 126 2.60 403,013
JONES LANG LASALLE INC COM 4,953 New 29,946
APPLE INC COM 4,886 New 39,641
MOLSON COORS BREWING CO CL B 4,730 110 2.38 64,565
BROCADE COMMUNICATIONS SYS INC COM NEW 4,692 New 409,439
TESORO CORP COM 4,635 467 11.22 51,554
BEST BUY INC COM 4,546 -158 (3.37) 118,138
WESTERN REFNG INC COM 4,527 334 7.96 94,950
VERISIGN INC COM 4,498 -13 (0.28) 67,853
DELTA AIR LINES INC DEL COM NEW 4,397 New 97,970
PARTNERRE LTD COM 4,203 -84 (1.97) 36,904
EXPRESS SCRIPTS HLDG CO COM 4,160 82 2.02 50,495
HEWLETT PACKARD CO COM 4,089 -17 (0.4) 129,854
STAPLES INC COM 3,984 106 2.74 247,246
INTERNATIONAL GAME TECHNOLOGY COM 3,912 New 220,043
PERRIGO CO PLC SHS 3,894 50 1.30 23,465
HARRIS CORP DEL COM 3,773 1,098 41.02 49,162
HUNTINGTON INGALLS INDS INC COM 3,767 193 5.39 27,374