Ativo Capital Management LLC

Registered adviser

CIK

1423065

Location

CHICAGO, IL

Portfolio Value

Micro $87,686,751

Diversification

Diversified

Filing Date

Global Rank

#8,412 / 8,826 ▲ 41 · as of Jun 2026

Top Industry

Semiconductors 16.5%

Period ended 36 days ago

Filed Oct 27, 2026 · 9d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 125303

Roster of Nov 1, 2026

Regulatory AUM

$862,728,498

Main clients

Governments and sovereign funds (80% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Nov 1, 2026

$60,733,906 gross assets

LEI

5493007ROE8YOPR8OG19

Private funds on Schedule D 7.B.(1)

As filed Oct 8, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$43,557,281 gross assets in 2 funds Hedge funds $43,557,281 (2)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$862,728,498	Governments and sovereign funds (80%)
Apr 2025 to Mar 2026	$999,874,898	Governments and sovereign funds (90%)
Apr 2024 to Mar 2025	$999,526,084	Governments and sovereign funds (91%)
May 2023 to Mar 2024	$962,024,578	Governments and sovereign funds (85%)
Apr 2023	$962,024,578	Governments and sovereign funds (85%)
Apr 2022 to Mar 2023	$1,458,947,573	Governments and sovereign funds (88%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 64.5% of the book (60%+)

Turnover

Medium turnover

32.4% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.1 quarters, but 20.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 98.6%; sector active share 28.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

28 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

13.1%

−1.1 pts

Top 5

42.9%

−1.6 pts

Top 10

63.3%

−1.2 pts

HHI

575

Diversified−32

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	23.2%	$20,321,159	4
Financial Services	20.3%	$17,784,585	6
Industrials	12.3%	$10,761,591	2
Basic Materials	11.9%	$10,454,063	6
Consumer Cyclical	11.2%	$9,828,315	2
Communication Services	5.0%	$4,399,440	1
Unclassified	5.0%	$4,357,718	1
Healthcare	4.3%	$3,746,710	2
Consumer Defensive	3.5%	$3,047,081	2
Utilities	3.4%	$2,986,089	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
ATEYY	Advantest Corp	+1,074	14,711	$3,249,071
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	+233	327,656	$1,739,853
ASML	Asml Holding NV	+161	1,857	$3,364,271
BVN	Buenaventura Mining Co Inc	+36	46,118	$1,456,406
BTI	British American Tobacco p.l.c.	+17	32,339	$1,759,241
NVS	Novartis AG	+9	15,618	$2,226,658
AER	AerCap Holdings N.V.	+5	62,523	$8,973,300
ABBNY	Abb Ltd	+3	18,838	$1,788,291
TD	Toronto Dominion Bank	+3	19,268	$2,264,568
KGC	Kinross Gold Corp	+2	58,297	$1,403,791
B	Barrick Mining Corp	+1	68,203	$2,773,816
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
CIG	Energy Co Of Minas Gerais	−214,561	593,446	$1,246,236
IX	Orix Corp	−7,964	43,180	$1,628,317
HTHT	H World Group Ltd	−1,930	133,980	$5,734,344
YUMC	Yum China Holdings, Inc.	−1,350	99,610	$4,093,971
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,198	25,265	$11,525,640
NTES	NetEase, Inc.	−489	36,311	$4,399,440
BAP	Credicorp Ltd	−263	18,447	$7,007,461
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	−43	101,847	$2,838,475
ING	Ing Groep NV	−23	41,753	$1,482,231
RY	Royal Bank Of Canada	−1	13,040	$2,563,533
UL	Unilever PLC	−1	21,206	$1,287,840
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SKHY	SK hynix Inc.	11,850	$2,182,177
GSK	GSK plc	31,556	$1,520,052
GFI	Gold Fields Ltd	40,840	$1,475,140
AU	AngloGold Ashanti PLC	11,026	$1,035,892
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
GIL	Gildan Activewear Inc.	28,312	$1,460,899
ASR	Southeast Airport Group	4,522	$1,386,897
HMY	Harmony Gold Mining Co Ltd	86,460	$1,315,056
E	Eni Spa	12,212	$572,254
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 tracked positions · $87,686,751 total · filing declares 55 positions · $129,365,044 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	25,265	-1,198	$11,525,640	−8.8%	13.14%
AER	AerCap Holdings N.V. Industrials	Added	62,523	+5	$8,973,300	−1.5%	10.23%
BAP	Credicorp Ltd Financial Services	Reduced	18,447	-263	$7,007,461	−3.9%	7.99%
HTHT	H World Group Ltd Consumer Cyclical	Reduced	133,980	-1,930	$5,734,344	+1.1%	6.54%
NTES	NetEase, Inc. Communication Services	Reduced	36,311	-489	$4,399,440	−6.7%	5.02%
FLIN	Franklin FTSE India ETF	Held	130,120	0	$4,357,718	−5.8%	4.97%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Reduced	99,610	-1,350	$4,093,971	−0.8%	4.67%
ASML	Asml Holding NV Technology	Added	1,857	+161	$3,364,271	−0.3%	3.84%
ATEYY	Advantest Corp Technology	Added	14,711	+1,074	$3,249,071	+14.5%	3.71%
BBVA	Banco Bilbao Vizcaya Argentaria, S.A. Financial Services	Reduced	101,847	-43	$2,838,475	+11.2%	3.24%
B	Barrick Mining Corp Basic Materials	Added	68,203	+1	$2,773,816	+10.7%	3.16%
RY	Royal Bank Of Canada Financial Services	Reduced	13,040	-1	$2,563,533	−5.0%	2.92%
AEM	Agnico Eagle Mines Ltd Basic Materials	Held	12,599	0	$2,309,018	+18.1%	2.63%
TD	Toronto Dominion Bank Financial Services	Added	19,268	+3	$2,264,568	−3.2%	2.58%
NVS	Novartis AG Healthcare	Added	15,618	+9	$2,226,658	−9.0%	2.54%
SKHY	SK hynix Inc. Technology	NEW	11,850	NEW	$2,182,177	NEW	2.49%
ABBNY	Abb Ltd Industrials	Added	18,838	+3	$1,788,291	−11.8%	2.04%
BTI	British American Tobacco p.l.c. Consumer Defensive	Added	32,339	+17	$1,759,241	−11.9%	2.01%
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp Utilities	Added	327,656	+233	$1,739,853	−8.1%	1.98%
IX	Orix Corp Financial Services	Reduced	43,180	-7,964	$1,628,317	−16.3%	1.86%
GSK	GSK plc Healthcare	NEW	31,556	NEW	$1,520,052	NEW	1.73%
ING	Ing Groep NV Financial Services	Reduced	41,753	-23	$1,482,231	+13.1%	1.69%
GFI	Gold Fields Ltd Basic Materials	NEW	40,840	NEW	$1,475,140	NEW	1.68%
BVN	Buenaventura Mining Co Inc Basic Materials	Added	46,118	+36	$1,456,406	+7.9%	1.66%
KGC	Kinross Gold Corp Basic Materials	Added	58,297	+2	$1,403,791	+2.0%	1.60%
UL	Unilever PLC Consumer Defensive	Reduced	21,206	-1	$1,287,840	+1.0%	1.47%
CIG	Energy Co Of Minas Gerais Utilities	Reduced	593,446	-214,561	$1,246,236	−26.6%	1.42%
AU	AngloGold Ashanti PLC Basic Materials	NEW	11,026	NEW	$1,035,892	NEW	1.18%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.