GI
Gargoyle Investment Advisor L.l.c. Historical SEC 13F Holdings & Archive (Q4 2019)
Gargoyle Investment Advisor L.l.c.CIK: 0001389974
Diversified strategyContrarianQuality / disciplined sizing
Total reported value
$64.6M
Reporting period: 2019-12-31 · Number of holdings: 85
GARGOYLE INVESTMENT ADVISOR L.L.C. disclosed 85 holdings in its latest 13F filing for the period ending 2019-12-31, with total reported value of $64.6M and a quarterly turnover rate of 32.0%.
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Personality snowflake
- Concentration
- 5.43
- Portfolio Stability
- 31.95
- Momentum
- 0
- Sector conviction
- 81.26
- Diversification
- 100
- Sizing Uniformity
- 96.05
Gargoyle Investment Advisor L.l.c.'s disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 74 equally-sized positions, close to its 85 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.39), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 18% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim THS
-65.2% -$826.0K
Add C
0.0% $196.0K
Add URI
-15.4% $172.0K
Trim ALSN
-43.1% -$592.0K
Trim PAG
-47.5% -$551.0K
Trim IBM
-52.2% -$430.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | URI | United Rentals Inc | Stock-Industrials | 2.30% | +0.64% | -15.42% | |
| 2 | C | Citigroup Inc | Stock-Financials | 2.24% | +0.66% | — | |
| 3 | SRCLEUR | Stericycle Inc | Stock-Other | 2.17% | — | -23.38% | |
| 4 | MU | Micron Technology Inc | Stock-Tech | 2.07% | — | -16.75% | |
| 5 | DISH | Dish Network Corp-a | Stock-Other | 1.97% | — | -3.19% | |
| 6 | NUANEUR | Nuance Communications Inc | Stock-Other | 1.90% | +0.12% | -20.26% | |
| 7 | ESNT | Essent Group Ltd. | Stock-Financials | 1.90% | — | -5.98% | |
| 8 | CAG | Conagra Brands Inc | Stock-Consumer Staples | 1.77% | +0.12% | -21.19% | |
| 9 | DKS | Dick's Sporting Goods Inc | Stock-Consumer Disc | 1.73% | +0.11% | -28.19% | |
| 10 | SF | Stifel Financial CORP | Stock-Financials | 1.68% | — | — | |
| 11 | 0VVB | Paramount Global-class B | Stock-Other | 1.66% | +1.66% | NEW | |
| 12 | AN | Autonation Inc | Stock-Consumer Disc | 1.64% | +0.03% | -13.23% | |
| 13 | ZBH | Zimmer Biomet Holdings Inc | Stock-Healthcare | 1.64% | — | -12.37% | |
| 14 | BKR | Baker Hughes Co | Stock-Energy | 1.62% | — | -19.27% | |
| 15 | RRX | Regal Rexnord CORP | Stock-Industrials | 1.62% | — | -15.02% | |
| 16 | OTEX | Open Text CORP | Stock-Other | 1.58% | — | -24.20% | |
| 17 | PACWUSD | Pacwest Bancorp | Stock-Other | 1.55% | — | — | |
| 18 | T | At&t Inc | Stock-Comm Services | 1.54% | — | -14.96% | |
| 19 | BIIB | Biogen Inc | Stock-Healthcare | 1.53% | — | -13.03% | |
| 20 | EMN | Eastman Chemical Co | Stock-Materials | 1.52% | -0.18% | -32.03% | |
| 21 | CVS | Cvs Health CORP | Stock-Healthcare | 1.51% | — | — | |
| 22 | ARW | Arrow Electronics Inc | Stock-Tech | 1.50% | — | — | |
| 23 | CHKP | Check Point Software Technologies Ltd. | Stock-Tech | 1.47% | — | — | |
| 24 | DAL | Delta Air Lines Inc | Stock-Industrials | 1.45% | — | — | |
| 25 | ORCL | Oracle CORP | Stock-Tech | 1.45% | — | -7.08% | |
| 26 | TOL | Toll Brothers Inc | Stock-Consumer Disc | 1.44% | -0.23% | -26.83% | |
| 27 | MAN | Manpowergroup Inc | Stock-Industrials | 1.43% | — | — | |
| 28 | MKSI | Mks Inc | Stock-Tech | 1.42% | — | -5.64% | |
| 29 | MS | Morgan Stanley | Stock-Financials | 1.42% | -0.25% | -42.06% | |
| 30 | HUN | Huntsman CORP | Stock-Materials | 1.39% | -0.21% | -31.43% | |
| 31 | STLD | Steel Dynamics Inc | Stock-Materials | 1.37% | +0.04% | -26.02% | |
| 32 | AMP | Ameriprise Financial Inc | Stock-Financials | 1.36% | — | — | |
| 33 | AL | Air Lease CORP | Stock-Other | 1.34% | — | -22.49% | |
| 34 | LRCXEUR | Lam Research CORP | Stock-Tech | 1.31% | -0.07% | -39.07% | |
| 35 | LEA | Lear CORP | Stock-Consumer Disc | 1.29% | — | -22.27% | |
| 36 | ALSN | Allison Transmission Holding | Stock-Consumer Disc | 1.29% | -0.51% | -43.08% | |
| 37 | 8IN | Syneos Health Inc | Stock-Other | 1.29% | — | — | |
| 38 | COF | Capital One Financial CORP | Stock-Financials | 1.28% | -0.30% | -41.56% | |
| 39 | XRAY | Dentsply Sirona Inc | Stock-Healthcare | 1.26% | — | — | |
| 40 | ACM | Aecom | Stock-Industrials | 1.25% | — | -5.06% | |
| 41 | EFOR | Everforth Inc | Stock-Other | 1.22% | — | -23.32% | |
| 42 | GHC | Graham Holdings Co-class B | Stock-Industrials | 1.19% | — | — | |
| 43 | COTY | Coty Inc-cl A | Stock-Other | 1.19% | — | — | |
| 44 | LMEUR | Legg Mason Inc | Stock-Other | 1.18% | -0.39% | -34.57% | |
| 45 | LOGMEUR | Logmein Inc | Stock-Other | 1.16% | +0.01% | -31.98% | |
| 46 | BKU | Bankunited Inc | Stock-Other | 1.12% | — | — | |
| 47 | VYX | Ncr Voyix CORP | Stock-Tech | 1.11% | -0.20% | -37.83% | |
| 48 | THO | Thor Industries Inc | Stock-Consumer Disc | 1.10% | +0.42% | — | |
| 49 | IVZ | Invesco Ltd. | Stock-Financials | 1.08% | -0.35% | -41.76% | |
| 50 | PAG | Penske Automotive Group Inc | Stock-Consumer Disc | 1.08% | -0.50% | -47.45% |
1–50 of 85
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2019 Q4 | 85 | $64.6M | 32 | ||
| 2019 Q3 | 103 | $79.1M | 27 | ||
| 2019 Q2 | 107 | $90.1M | 28 | ||
| 2019 Q1 | 114 | $104.0M | 78 | ||
| 2018 Q4 | 104 | $109.5M | 96 | ||
| 2018 Q3 | 84 | $139.2M | 66 | ||
| 2018 Q2 | 126 | $179.9M | 42 | ||
| 2018 Q1 | 171 | $243.5M | 69 | ||
| 2017 Q4 | 210 | $251.2M | 44 | ||
| 2017 Q3 | 215 | $272.3M | 40 | ||
| 2017 Q2 | 218 | $253.0M | 26 | ||
| 2017 Q1 | 221 | $259.1M | 68 | ||
| 2016 Q4 | 223 | $256.6M | 39 | ||
| 2016 Q3 | 228 | $264.3M | 20 | ||
| 2016 Q2 | 231 | $268.0M | 44 | ||
| 2016 Q1 | 247 | $296.7M | 73 | ||
| 2015 Q4 | 218 | $245.6M | 51 | ||
| 2015 Q3 | 222 | $243.8M | 31 | ||
| 2015 Q2 | 168 | $262.3M | 40 | ||
| 2015 Q1 | 158 | $265.7M | 55 | ||
| 2014 Q4 | 146 | $273.2M | 40 | ||
| 2014 Q3 | 141 | $264.2M | 31 | ||
| 2014 Q2 | 142 | $267.0M | 73 | ||
| 2014 Q1 | 127 | $224.5M | 74 | ||
| 2013 Q4 | 125 | $211.6M | 54 | ||
| 2013 Q3 | 113 | $161.9M | 43 | ||
| 2013 Q2 | 126 | $197.9M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Gargoyle Investment Advisor L.l.c.'s most significant position changes for 2019-12-31: Sold out: Cdk Global Inc (CDK); New buy: Paramount Global-class B (0VVB); Sold out: Viacom Inc-class B (VIAB); Sold out: Sabre CORP (SABR); Sold out: Goldman Sachs Group Inc (GS).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | C | Citigroup Inc | +0.7% | — | Unchanged |
| 2 | URI | United Rentals Inc | +0.6% | -15.42% | Trim |
| 3 | THO | Thor Industries Inc | +0.4% | — | Unchanged |
| 4 | BHC | Bausch Health Cos Inc | +0.4% | — | Unchanged |
| 5 | CI | THE Cigna Group | +0.4% | — | Unchanged |
| 6 | NUANEUR | Nuance Communications Inc | +0.1% | -20.26% | Trim |
| 7 | CAG | Conagra Brands Inc | +0.1% | -21.19% | Trim |
| 8 | DKS | Dick's Sporting Goods Inc | +0.1% | -28.19% | Trim |
| 9 | STLD | Steel Dynamics Inc | 0% | -26.02% | Trim |
| 10 | AN | Autonation Inc | 0% | -13.23% | Trim |
| 11 | LOGMEUR | Logmein Inc | 0% | -31.98% | Trim |
| 12 | OTEX | Open Text CORP | — | -24.20% | Trim |
| 13 | LRCXEUR | Lam Research CORP | -0.1% | -39.07% | Trim |
| 14 | XECEUR | Cimarex Energy Co | -0.2% | -48.19% | Trim |
| 15 | EMN | Eastman Chemical Co | -0.2% | -32.03% | Trim |
| 16 | VYX | Ncr Voyix CORP | -0.2% | -37.83% | Trim |
| 17 | HUN | Huntsman CORP | -0.2% | -31.43% | Trim |
| 18 | TOL | Toll Brothers Inc | -0.2% | -26.83% | Trim |
| 19 | MS | Morgan Stanley | -0.3% | -42.06% | Trim |
| 20 | DB | Deutsche Bank Aktiengesellschaft | -0.3% | -59.25% | Trim |
| 21 | FFIV | F5 Inc | -0.3% | -35.91% | Trim |
| 22 | COF | Capital One Financial CORP | -0.3% | -41.56% | Trim |
| 23 | IVZ | Invesco Ltd. | -0.4% | -41.76% | Trim |
| 24 | LMEUR | Legg Mason Inc | -0.4% | -34.57% | Trim |
| 25 | IBM | Intl Business Machines CORP | -0.5% | -52.20% | Trim |
| 26 | PAG | Penske Automotive Group Inc | -0.5% | -47.45% | Trim |
| 27 | ALSN | Allison Transmission Holding | -0.5% | -43.08% | Trim |
| 28 | THS | Treehouse Foods Inc | -0.9% | -65.19% | Trim |
| 29 | CDK | Cdk Global Inc | — | EXIT | Sold out |
| 30 | 0VVB | Paramount Global-class B | — | NEW | New buy |
| 31 | VIAB | Viacom Inc-class B | — | EXIT | Sold out |
| 32 | SABR | Sabre CORP | — | EXIT | Sold out |
| 33 | GS | Goldman Sachs Group Inc | — | EXIT | Sold out |
| 34 | ADM | Archer-daniels-midland Co | — | EXIT | Sold out |
| 35 | ✓ | Cbs CORP New | — | EXIT | Sold out |
| 36 | BFH | Bread Financial Holdings Inc | — | EXIT | Sold out |
| 37 | UTHR | United Therapeutics CORP | — | EXIT | Sold out |
| 38 | AMCX | Amc Global Media Inc | — | EXIT | Sold out |
| 39 | EQT | Eqt CORP | — | EXIT | Sold out |
| 40 | 9990302D | Apache CORP | — | EXIT | Sold out |
| 41 | MD | Pediatrix Medical Group Inc | — | EXIT | Sold out |
| 42 | SJR-BEUR | Shaw Communications Inc-b | — | EXIT | Sold out |
| 43 | KMPR | Kemper CORP | — | EXIT | Sold out |
| 44 | M | Macy's, Inc. | — | EXIT | Sold out |
| 45 | L | Loews CORP | — | EXIT | Sold out |
| 46 | PCG | P G & E CORP | — | EXIT | Sold out |
| 47 | OLN | Olin CORP | — | EXIT | Sold out |
| 48 | ECHO | Echostar Corp-a | — | NEW | New buy |
| 49 | ALL | Allstate CORP | — | EXIT | Sold out |
| 50 | ✓ | Encana CORP | — | EXIT | Sold out |
Filing History
FAQ
What is Gargoyle Investment Advisor L.l.c. and what type of investor is it?
Gargoyle Investment Advisor L.l.c. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2019-12-31), the firm manages a tracked equity portfolio valued at approximately $64.6M, spread across 85 disclosed positions.
What are Gargoyle Investment Advisor L.l.c.'s largest equity positions?
Based on the latest 13F filing, Gargoyle Investment Advisor L.l.c.'s top holdings by market value are:
1. United Rentals Inc (URI) — $1.5M (2.3%)
2. Citigroup Inc (C) — $1.4M (2.2%)
3. Stericycle Inc (SRCLEUR) — $1.4M (2.2%)
4. Micron Technology Inc (MU) — $1.3M (2.1%)
5. Dish Network Corp-a (DISH) — $1.3M (2.0%)
What changes did Gargoyle Investment Advisor L.l.c. make in its most recent portfolio filing?
In the latest reported quarter, Gargoyle Investment Advisor L.l.c. made 46 notable position adjustments: 2 new positions were initiated, 0 existing holdings were added to, 24 positions were partially reduced, and 20 were completely exited. The largest of these moves: Sold out: Cdk Global Inc (CDK); New buy: Paramount Global-class B (0VVB); Sold out: Viacom Inc-class B (VIAB); Sold out: Sabre CORP (SABR); Sold out: Goldman Sachs Group Inc (GS)
What sectors does Gargoyle Investment Advisor L.l.c. focus on?
Gargoyle Investment Advisor L.l.c. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.6%
• Financials: 28.2%
• Health Care: 21.8%
• Communication Services: 8.8%
• Consumer Discretionary: 4.6%
Investment Profile
Gargoyle Investment Advisor L.l.c.'s portfolio is broadly diversified and moderately active, with 36.6% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 96 to 32 over the past 4 quarters — a shift toward longer holding periods.
It has added to its CVS position over the past two quarters (+$494.0K, now $973.0K), while trimming IVZ over the same stretch (-$666.0K, still holding $699.0K).
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Developer Access
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