Instuitional Investor - Gargoyle Investment Advisor L.l.c.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Citigroup Inc	C	20,798	$1,456,000	1.61%
2.	Eastman Chemical Co	EMN	18,271	$1,422,000	1.57%
3.	Western Digital Corp	WDC	29,853	$1,420,000	1.57%
4.	Oracle Corp	ORCL	24,729	$1,409,000	1.56%
5.	Open Text Corp	OTEX	34,050	$1,403,000	1.55%