GARGOYLE INVESTMENT ADVISOR L.L.C.

13F filer, CIK 1389974, ENGLEWOOD, NJ

GARGOYLE INVESTMENT ADVISOR L.L.C. reported $243,535,000 across 171 holdings for the quarter ended 2018-03-31, in a 13F-HR filed 2018-05-15. Its ten largest share positions make up 28.01% of the portfolio.

Filed 2018-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 19:05:42 UTC13F-HR 0001420506-18-000492

Period: 2018-03-31
Reported value: $244M
Holdings: 171
Top 10 weight: 28.01%
New: 40
Sold out: 42

Largest buys vs the previous quarter

Security	Shares change	Approx. value
SPYadded	+109,450	$28.8M
AERnew	+45,367	$2.3M
LYBnew	+21,635	$2.29M
LLYnew	+28,259	$2.19M
WHRnew	+14,153	$2.17M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
SPRexited	-50,559	-$4.41M
BAXexited	-63,500	-$4.11M
RVTYexited	-47,353	-$3.46M
OCexited	-37,345	-$3.43M
DST SYS INC DELexited	-52,254	-$3.24M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2018

Share positions as resolved from 13F-HR 0001420506-18-000492, largest first. % of portfolio is the value over $243,535,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	145,970	$38.4M	15.77%	+109,450	Timeline
VOYAVOYA FINANCIAL INC	73,043	$3.69M	1.51%	-20,004	Timeline
FFIVF5 INC	25,455	$3.68M	1.51%	-3,375	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	16,298	$3.31M	1.36%	-12,328
EMNEASTMAN CHEM CO	30,917	$3.26M	1.34%	-2,385	Timeline
RSRELIANCE INC	37,932	$3.25M	1.34%	-6,836	Timeline
Lincoln National CorporatLincoln National Corporat	78,566	$3.19M	1.31%	-4,900
RRXREGAL REXNORD CORPORATION	43,375	$3.18M	1.31%	-4,603	Timeline
CA INC COMCA INC COM	93,826	$3.18M	1.31%	-1,169
TAT&T INC	85,305	$3.04M	1.25%	-9,623	Timeline
RGAREINSURANCE GROUP AMER INC	19,678	$3.03M	1.24%	+12,383	Timeline
LEUCADIA NATL CORPLEUCADIA NATL CORP	132,811	$3.02M	1.24%	-23,549
AMGNAMGEN INC	17,586	$3M	1.23%	-909	Timeline
GMGENERAL MTRS CO	81,598	$2.96M	1.22%	-16,354	Timeline
HILL ROM HLDGS INCHILL ROM HLDGS INC	33,980	$2.96M	1.21%	-14,477
AVTAVNET INC	68,847	$2.88M	1.18%	0	Timeline
TWENTY FIRST CENTY FOX INCTWENTY FIRST CENTY FOX INC	78,320	$2.87M	1.18%	0
OTEXOPEN TEXT CORP	82,240	$2.86M	1.17%	+46,722	Timeline
TAPMOLSON COORS BEVERAGE CO	37,860	$2.85M	1.17%	+16,000	Timeline
CNOCNO FINL GROUP INC	130,599	$2.83M	1.16%	-16,427	Timeline
ETNEATON CORP PLC	35,192	$2.81M	1.15%	0	Timeline
ABBVABBVIE INC	29,145	$2.76M	1.13%	+19,242	Timeline
JNJJOHNSON & JOHNSON	20,500	$2.63M	1.08%	-1,925	Timeline
CORCENCORA INC	30,073	$2.59M	1.06%	0	Timeline
LYVLIVE NATION ENTERTAINMENT IN	61,055	$2.57M	1.06%	0	Timeline
GOOGLALPHABET INC	2,467	$2.56M	1.05%	-500	Timeline
INTCINTEL CORP	49,000	$2.55M	1.05%	0	Timeline
AMATAPPLIED MATLS INC	45,700	$2.54M	1.04%	0	Timeline
PFEPFIZER INC	71,610	$2.54M	1.04%	0	Timeline
MRKMERCK & CO INC	46,539	$2.54M	1.04%	0	Timeline
CPBTHE CAMPBELLS COMPANY	58,403	$2.53M	1.04%	+428	Timeline
HOLXHOLOGIC INC	65,400	$2.44M	1%	+52,598	Timeline
GHCGRAHAM HLDGS CO	4,029	$2.43M	1%	0	Timeline
LEALEAR CORP	12,913	$2.4M	0.99%	-8,205	Timeline
HARRIS CORP INCHARRIS CORP INC	14,813	$2.39M	0.98%	0
PRUPRUDENTIAL FINL INC	22,597	$2.34M	0.96%	0	Timeline
AERAERCAP HOLDINGS NV	45,367	$2.3M	0.94%	new	Timeline
LYBLYONDELLBASELL INDUSTRIES NV	21,635	$2.29M	0.94%	new	Timeline
PPGPPG INDS INC	20,431	$2.28M	0.94%	+12,231	Timeline
BENFRANKLIN TEMPLETON INC	64,154	$2.23M	0.91%	+18,721	Timeline
ARMKARAMARK	55,844	$2.21M	0.91%	+44,744	Timeline
VZVERIZON COMMUNICATIONS INC	46,175	$2.21M	0.91%	-2,325	Timeline
LLYELI LILLY & CO	28,259	$2.19M	0.9%	new	Timeline
WHRWHIRLPOOL CORP	14,153	$2.17M	0.89%	new	Timeline
AMGAFFILIATED MANAGERS GROUP	11,349	$2.15M	0.88%	-4,050	Timeline
XOMEXXON MOBIL CORP	28,692	$2.14M	0.88%	+15,000	Timeline
MOALTRIA GROUP INC	33,906	$2.11M	0.87%	new	Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	32,000	$2.1M	0.86%	0
MDTMEDTRONIC PLC	25,774	$2.07M	0.85%	new	Timeline
SYMANTEC CORPSYMANTEC CORP	80,000	$2.07M	0.85%	new
FFORD MTR CO	185,046	$2.05M	0.84%	+29,698	Timeline
CVSCVS HEALTH CORP	32,626	$2.03M	0.83%	+21,626	Timeline
GISGENERAL MILLS INC	45,000	$2.03M	0.83%	0	Timeline
TXTTEXTRON INC	33,742	$1.99M	0.82%	-31,141	Timeline
TIME WARNER INCTIME WARNER INC	20,828	$1.97M	0.81%	0
KHCKRAFT HEINZ CO	30,694	$1.91M	0.79%	+1,694	Timeline
EXPRESS SCRIPTS HLDG COEXPRESS SCRIPTS HLDG CO	27,246	$1.88M	0.77%	-7,900
ELVELEVANCE HEALTH INC FORMERLY	8,486	$1.86M	0.77%	-5,514	Timeline
GENERAL ELEC COGENERAL ELEC CO	136,778	$1.84M	0.76%	new
GTGOODYEAR TIRE & RUBR CO	68,466	$1.82M	0.75%	-2,400	Timeline
MSMORGAN STANLEY	31,000	$1.67M	0.69%	0	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	15,100	$1.65M	0.68%	new	Timeline
ALSNALLISON TRANSMISSION HLDGS I	42,151	$1.65M	0.68%	new	Timeline
CMCSACOMCAST CORP NEW	44,797	$1.53M	0.63%	0	Timeline
VRSNVERISIGN INC	12,764	$1.51M	0.62%	new	Timeline
AGCOAGCO CORP	22,600	$1.47M	0.6%	new	Timeline
OMCOMNICOM GROUP INC	20,030	$1.46M	0.6%	0	Timeline
SNASNAP ON INC	9,640	$1.42M	0.58%	+5,640	Timeline
METMETLIFE INC	30,427	$1.4M	0.57%	new	Timeline
XEROX CORPXEROX CORP	46,975	$1.35M	0.56%	0
HPQHP INC	50,000	$1.1M	0.45%	new	Timeline
CONVERGYS CORPCONVERGYS CORP	45,746	$1.03M	0.42%	0
TGTTARGET CORP	14,600	$1.01M	0.42%	0	Timeline
PFGPRINCIPAL FINANCIAL GROUP IN	15,623	$952K	0.39%	0	Timeline
GSGOLDMAN SACHS GROUP INC	3,518	$886K	0.36%	0	Timeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS	38,174	$879K	0.36%	0
CCLCARNIVAL CORP	12,083	$792K	0.33%	new	Timeline
ALLALLSTATE CORP	8,205	$778K	0.32%	new	Timeline
CAGCONAGRA BRANDS INC	20,456	$754K	0.31%	new	Timeline
JAZZJAZZ PHARMACEUTICALS PLC	4,704	$710K	0.29%	+1,081	Timeline
POLYONE CORPPOLYONE CORP	16,069	$683K	0.28%	new
VIACOM INCVIACOM INC	21,337	$663K	0.27%	new
GILDGILEAD SCIENCES INC	8,591	$648K	0.27%	+1,552	Timeline
ANAUTONATION INC	13,859	$648K	0.27%	-3,895	Timeline
TWITTER INCTWITTER INC	21,264	$617K	0.25%	-7,100
MACQUARIE INFRASTRUCTURE HO…MACQUARIE INFRASTRUCTURE HOLDI	16,327	$603K	0.25%	0
LOGMEIN INCLOGMEIN INC	5,215	$603K	0.25%	+269
ARANTERO RESOURCES CORP	30,281	$601K	0.25%	new	Timeline
PLATFORM SPECIALTY PRODS CORPLATFORM SPECIALTY PRODS COR	61,011	$587K	0.24%	0
MMACYS INC	19,598	$583K	0.24%	-2,104	Timeline
NEMNEWMONT CORP	13,518	$528K	0.22%	0	Timeline
RRCRANGE RES CORP	36,277	$527K	0.22%	+9,125	Timeline
AMCXAMC GLOBAL MEDIA INC	10,009	$517K	0.21%	0	Timeline
JBLJABIL INC	17,270	$496K	0.2%	0	Timeline
SPECTRUM BRANDS HLDGS INCSPECTRUM BRANDS HLDGS INC	4,717	$489K	0.2%	0
CENTURYLINK INCCENTURYLINK INC	29,345	$482K	0.2%	new
NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC	30,386	$479K	0.2%	-9,000
PRGOPERRIGO CO PLC	5,591	$466K	0.19%	-1,500	Timeline
MYLAN NVMYLAN NV	11,188	$461K	0.19%	-2,500
RDNRADIAN GROUP INC	23,388	$445K	0.18%	-4,600	Timeline
RIGTRANSOCEAN LTD	44,512	$441K	0.18%	-11,000	Timeline
JUNIPER NETWORKS INCJUNIPER NETWORKS INC	18,041	$439K	0.18%	-1,646
VYXNCR VOYIX CORPORATION	13,683	$431K	0.18%	0	Timeline
UTHRUNITED THERAPEUTICS CORP DEL	3,825	$430K	0.18%	-1,045	Timeline
MCKMCKESSON CORP	3,047	$429K	0.18%	-500	Timeline
IVZINVESCO LTD	13,063	$418K	0.17%	new	Timeline
MDPEDIATRIX MEDICAL GROUP INC	7,489	$417K	0.17%	0	Timeline
CNCCENTENE CORP DEL	3,867	$413K	0.17%	-2,400	Timeline
SIGSIGNET JEWELERS LTD	10,685	$412K	0.17%	+3,500	Timeline
YELPYELP INC	9,717	$406K	0.17%	new	Timeline
AGOASSURED GUARANTY LTD	11,186	$405K	0.17%	0	Timeline
STERICYCLE INCSTERICYCLE INC	6,907	$404K	0.17%	0
BIIBBIOGEN INC	1,469	$402K	0.17%	-400	Timeline
CARAVIS BUDGET GROUP INC	8,538	$400K	0.16%	-5,600	Timeline
MURMURPHY OIL CORP	14,874	$384K	0.16%	-3,400	Timeline
SJMSMUCKER J M CO	3,100	$384K	0.16%	0	Timeline
COTYCOTY INC	20,742	$380K	0.16%	-11,000	Timeline
URIUNITED RENTALS INC	2,197	$379K	0.16%	-4,156	Timeline
AKAMAKAMAI TECHNOLOGIES INC	5,280	$375K	0.15%	-5,906	Timeline
FIRSTCASH HOLDINGS INC.FIRSTCASH HOLDINGS INC.	4,575	$371K	0.15%	new
SPRINT CORPSPRINT CORP	75,648	$369K	0.15%	new
UALUNITED AIRLS HLDGS INC	5,149	$358K	0.15%	-5,000	Timeline
O-I GLASS, INC.O-I GLASS, INC.	16,516	$358K	0.15%	0
BRSLBRIGHTSTAR LOTTERY PLC	12,206	$326K	0.13%	-4,735	Timeline
MICHAEL KORS HLDGS LTDMICHAEL KORS HLDGS LTD	5,253	$326K	0.13%	-11,385
FOOT LOCKER INCFOOT LOCKER INC	7,028	$320K	0.13%	-8,800
MICHAELS COS INCMICHAELS COS INC	15,800	$311K	0.13%	0
DVNDEVON ENERGY CORP NEW	9,699	$308K	0.13%	0	Timeline
LPLALPL FINL HLDGS INC	4,966	$303K	0.12%	-4,000	Timeline
MTGMGIC INVT CORP WIS	22,848	$297K	0.12%	-4,500	Timeline
MOSMOSAIC CO	12,033	$292K	0.12%	-7,530	Timeline
BED BATH & BEYOND INCBED BATH & BEYOND INC	13,729	$288K	0.12%	new
NWLNEWELL BRANDS INC	11,119	$283K	0.12%	+2,800	Timeline
GNWGENWORTH FINL INC	100,113	$283K	0.12%	+11,414	Timeline
WADDELL & REED FINL INCWADDELL & REED FINL INC	13,938	$282K	0.12%	-2,196
MSG NETWORK INCMSG NETWORK INC	12,376	$280K	0.11%	-5,313
SYNASYNAPTICS INC	6,014	$275K	0.11%	new	Timeline
NEXEO SOLUTIONS INCNEXEO SOLUTIONS INC	25,390	$272K	0.11%	-3,410
SXCSUNCOKE ENERGY INC	25,197	$271K	0.11%	new	Timeline
THSTREEHOUSE FOODS INC	7,059	$270K	0.11%	0	Timeline
ENDURANCE INTL GROUP HLDGS IENDURANCE INTL GROUP HLDGS I	35,958	$266K	0.11%	+6,300
VALEANT PHARMACEUTICALS INTLVALEANT PHARMACEUTICALS INTL	16,678	$265K	0.11%	-2,180
ACORDA THERAPEUTICS INCACORDA THERAPEUTICS INC	11,163	$264K	0.11%	new
IRDMIRIDIUM COMMUNICATIONS INC	23,251	$262K	0.11%	-4,500	Timeline
DYNEGY INC NEW DELDYNEGY INC NEW DEL	19,376	$262K	0.11%	-5,797
PENNPENN ENTERTAINMENT INC	9,938	$261K	0.11%	-3,171	Timeline
NOBLE CORP PLCNOBLE CORP PLC	68,883	$256K	0.11%	+10,883
ALTISOURCE PORTFOLIO SOLNS SALTISOURCE PORTFOLIO SOLNS S	9,592	$255K	0.1%	0
LIBERTY GLOBAL PLCLIBERTY GLOBAL PLC	8,054	$252K	0.1%	0
MYGNMYRIAD GENETICS INC	8,405	$248K	0.1%	0	Timeline
SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO	55,798	$242K	0.1%	+16,898
WEB.COM GROUP INCWEB.COM GROUP INC	13,048	$236K	0.1%	0
CALIFORNIA RES CORPCALIFORNIA RES CORP	13,617	$234K	0.1%	-6,811
UPBDUPBOUND GROUP INC	26,923	$232K	0.1%	+11,300	Timeline
EAGLE PHARMACEUTICALS INCEAGLE PHARMACEUTICALS INC	4,190	$221K	0.09%	new
GMEGAMESTOP CORP	17,345	$219K	0.09%	new	Timeline
NMIHNMI HLDGS INC	13,184	$218K	0.09%	-7,353	Timeline
LANNETT COMPANY INCORPORATEDLANNETT COMPANY INCORPORATED	13,420	$215K	0.09%	+2,420
VISTA OUTDOOR INCVISTA OUTDOOR INC	12,200	$199K	0.08%	new
CNXCNX RES CORP	11,000	$170K	0.07%	new	Timeline
TRAVELPORT WORLDWIDE LTDTRAVELPORT WORLDWIDE LTD	10,246	$167K	0.07%	new
PARTY CITY HOLDCO INCPARTY CITY HOLDCO INC	10,000	$156K	0.06%	new
BKDBROOKDALE SR LIVING INC	21,900	$147K	0.06%	0	Timeline
AMC ENTMT HLDGS INCAMC ENTMT HLDGS INC	10,385	$146K	0.06%	new
BRISTOW GROUP INCBRISTOW GROUP INC	10,400	$135K	0.06%	0
UISUNISYS CORP	12,233	$132K	0.05%	new	Timeline
FITBIT INCFITBIT INC	25,000	$128K	0.05%	0
LSAKLESAKA TECHNOLOGIES INC	13,058	$124K	0.05%	0	Timeline
MAIDEN HOLDINGS LTDMAIDEN HOLDINGS LTD	18,802	$122K	0.05%	new
PENNEY J C INCPENNEY J C INC	39,000	$118K	0.05%	new
CLEAR CHANNEL OUTDOOR HLDGSCLEAR CHANNEL OUTDOOR HLDGS	18,500	$91K	0.04%	new

Sold out in Q1 2018

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
SPRSPIRIT AEROSYSTEMS HLDGS INC	50,559	$4.41M	shares
BAXBAXTER INTL INC	63,500	$4.11M	shares
RVTYREVVITY INC	47,353	$3.46M	shares
OCOWENS CORNING NEW	37,345	$3.43M	shares
DST SYS INC DELDST SYS INC DEL	52,254	$3.24M	shares
MSMMSC INDL DIRECT INC	32,796	$3.17M	shares
WYNDHAM DESTINATIONS INCWYNDHAM DESTINATIONS INC	25,511	$2.96M	shares
DVADAVITA INC	40,654	$2.94M	shares
SSNCSS&C TECH HLDGS	63,974	$2.59M	shares
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	38,904	$2.58M	shares
EBAYEBAY INC.	66,607	$2.51M	shares
ORIOLD REP INTL CORP	117,000	$2.5M	shares
CITRIX SYSTEMS INCCITRIX SYSTEMS INC	26,329	$2.32M	shares
HHYATT HOTELS CORP	31,204	$2.29M	shares
HRG GROUP INC COMHRG GROUP INC COM	115,758	$1.96M	shares
CSCOCISCO SYS INC	45,304	$1.74M	shares
FDXFEDEX CORP	6,400	$1.6M	shares
CERNER CORPCERNER CORP	21,813	$1.47M	shares
AZOAUTOZONE INC	2,032	$1.45M	shares
CHRWC H ROBINSON WORLDWIDE IN	13,046	$1.16M	shares
U S G CORPU S G CORP	26,285	$1.01M	shares
GWWWW GRAINGER INC	3,899	$921K	shares
VLOVALERO ENERGY CORP	8,815	$810K	shares
SPYSTATE STR SPDR S&P 500 ETF T	800	$700K	put
SEAGATE TECHNOLOGY HOLDINGSSEAGATE TECHNOLOGY HOLDINGS	10,721	$449K	shares
PVHPVH CORPORATION	3,116	$428K	shares
KSSKOHLS CORP	7,879	$427K	shares
GENERAL CABLE CORP DEL NEWGENERAL CABLE CORP DEL NEW	14,411	$427K	shares
TAILORED BRANDS INCTAILORED BRANDS INC	19,241	$420K	shares
BLDRBUILDERS FIRSTSOURCE INC	17,200	$375K	shares
ZBRAZEBRA TECHNOLOGIES CORPORATI	3,362	$349K	shares
HSN INCHSN INC	8,497	$343K	shares
KELYAKELLY SVCS INC	11,984	$327K	shares
DALDELTA AIR LINES INC	5,474	$306K	shares
ITGRINTEGER HLDGS CORP	6,243	$283K	shares
PAHCPHIBRO ANIMAL HEALTH CORP	8,365	$280K	shares
AIRCASTLE LTDAIRCASTLE LTD	9,888	$231K	shares
LIFEPOINT HEALTH INCLIFEPOINT HEALTH INC	4,200	$209K	shares
OSGOCTAVE SPECIALTY GROUP INC	10,939	$175K	shares
KINDRED HEALTHCARE INCKINDRED HEALTHCARE INC	18,000	$175K	shares
TEEKAY CORPORATIONTEEKAY CORPORATION	16,738	$156K	shares
SPWRQSUNPOWER CORP	18,023	$152K	shares

How Q1 2018 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001420506-18-000492	base		2018-05-15	acceptance time not in the bulk data set	2026-10-07 19:05:42 UTC