SEC 13F Intelligence

Managers / Q1 2026

Ativo Capital Management LLC

CIK 0001423065 · 120 N LASALLE STREET, SUITE 1160, CHICAGO, IL, 60602 · 312-263-7600

Reported Value
$115M
Q1 2026
Positions
55
Filings on Record
30
2019–present window
Filed
May 1, 2026
original filing

Summary

Ativo Capital Management LLC reported $115M in U.S.-listed holdings across 55 positions for Q1 2026.

Its largest position, TSM, represents 5.7% of the portfolio.

Compared with Q4 2025, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+11.7%
vs prior filed quarter
Top-10 Concentration
+37.5%
share of reported value
Largest Position
+5.7%
Taiwan Semiconductor Mfg Ltd S
New / Exited
3 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $214MQ4 ’18Q1 ’19: $238MQ2 ’19: $222MQ3 ’19: $205MQ4 ’19: $218MQ4 ’19Q1 ’20: $160MQ2 ’20: $185MQ3 ’20: $208MQ4 ’20: $232MQ4 ’20Q1 ’21: $236MQ2 ’21: $236MQ3 ’21: $213MQ4 ’21: $226MQ4 ’21Q1 ’22: $195MQ2 ’22: $148MQ3 ’22: $64MQ4 ’22: $79MQ4 ’22Q1 ’23: $82MQ2 ’23: $95MQ3 ’23: $88MQ4 ’23: $94MQ4 ’23Q1 ’24: $100MQ2 ’24: $97MQ3 ’24: $114MQ4 ’24: $101MQ4 ’24Q1 ’25: $117MQ2 ’25: $112MQ3 ’25: $118MQ4 ’25: $114MQ4 ’25Q1 ’26: $115Mfilingsflow.com

Portfolio Composition

By security type
Other: 58.0%ADR: 33.1%Common Stock: 8.9%
  • Other · 58.0% · $67M
  • ADR · 33.1% · $38M
  • Common Stock · 8.9% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASML Holding NV NY RegistryNEW+1.2K1.2K+$2M$2M
3I Group Plc Unsponsord AdrNEW+147.2K147.2K+$1M$1M
Centrica Plc Sp Adr NewNEW+90.3K90.3K+$1M$1M
Kanzhun Limited Sp AdsSOLD OUT−114.4K0−$2M$0
TMToyota Motor Corp Sp ADR 2SOLD OUT−5.8K0−$1M$0
LNVGYLenovo Group Ltd Sp ADRSOLD OUT−26.1K0−$619,364$0
Check Point Software Tech LtdTRIMMED−24.0K12.5K−$5M$2M
Prosus NV Sp ADRADDED+52.3K176.0K+$99,711$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TSMTaiwan Semiconductor Mfg Ltd Shistory →ADR5.67%$7M19.3K
2Credicorp LtdCOM5.57%$6M18.9K
3AerCap Holdings NVCOM4.98%$6M41.7K
4Yum China Holdings IncCOM4.30%$5M101.3K
5Franklin Templeton ETF Tr FranETF3.76%$4M130.1K
6Netease Inc Sp ADRADR3.54%$4M36.4K
7ENI SPA Sp ADRCOM2.69%$3M54.6K
8Barrick Mining CorporationCOM2.37%$3M66.8K
9Sompo Holdings Inc ADRADR2.36%$3M139.2K
10AEMAgnico Eagle Mines Ltdhistory →COM2.22%$3M12.6K
11Wh Group Ltd Sp AdrADR2.11%$2M92.6K
12Novartis AG Sp ADRADR2.10%$2M15.8K
13Engie SA Sp ADRADR1.94%$2M67.9K
14Banco Bilbao Vizcaya ArgentariCOM1.94%$2M102.8K
15RYRoyal Bank of Canada Montrealhistory →COM1.84%$2M13.1K
16LUGLundin Gold Inchistory →COM1.77%$2M26.8K
17Companhia de Saneamento BasicoADR1.74%$2M65.5K
18CIGCia Energetica de Minas Geraishistory →ADR1.69%$2M812.5K
19BMTABritish American Tobacco PLC Shistory →ADR1.64%$2M32.3K
20DBS Group Holdings Ltd Sp ADRADR1.63%$2M10.4K
21Woori Financial Group Inc Sp AADR1.59%$2M27.5K
22ABJAAbb Ltd Sp Adrhistory →ADR1.59%$2M22.6K
23TDToronto Dominion Bank Onthistory →COM1.56%$2M19.3K
24KMTUYKomatsu Ltd Sp Adr Newhistory →ADR1.56%$2M45.8K
25Ipsen Sa Sp AdrADR1.56%$2M38.8K
26Check Point Software Tech LtdCOM1.56%$2M12.5K
27VLVLYVolvo Ab Unsponsord ADRhistory →ADR1.54%$2M54.1K
28GILGildan Activewear Inchistory →COM1.51%$2M31.2K
29ALIZYAllianz SE Unsponsrd ADShistory →ADR1.51%$2M41.2K
30Ageas Sp ADR NeADR1.47%$2M23.0K
31TSCDYTesco Plc Sp Adrhistory →ADR1.46%$2M88.5K
32Prosus NV Sp ADRADR1.42%$2M176.0K
33Advantest Corp Sp ADRADR1.41%$2M11.9K
34Dnb Bank Asa SponsoredADR1.40%$2M51.4K
35ASML Holding NV NY RegistryADR1.38%$2M1.2K
36Nordea Bank Abp MTN Sp ADSADR1.35%$2M89.6K
37IXORIX Corp Sp ADRhistory →ADR1.33%$2M51.1K
38UniCredit SpA Unsponsord ADRADR1.33%$2M42.4K
39Assicurazioni Generali Spa UnsADR1.33%$2M75.7K
40Grupo Aeroportuario Del SurestADR1.32%$2M4.5K
41AXAHYAXA SA Sp ADRhistory →ADR1.28%$1M32.1K
42MKTAYMakita Corp Sp ADRhistory →ADR1.28%$1M45.0K
43Kunlun Energy Company Ltd UnspADR1.25%$1M126.1K
44CRARYCredit Agricole SA ADRhistory →ADR1.25%$1M154.4K
45QBE INS GROUP LTDADR1.18%$1M91.5K
46MS&AD Ins Group Holdings ADRADR1.17%$1M52.1K
47HAMHarmony Gold Mining Co Ltd Sphistory →ADR1.16%$1M86.5K
48ULUnilever PLC Sp ADRhistory →ADR1.05%$1M21.2K
49FJTSYFujitsu Ltd Unsponsored Adrhistory →ADR1.04%$1M58.0K
503I Group Plc Unsponsord AdrADR1.04%$1M147.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$115M55May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$114M55Feb 2, 202613F-HRchanges · EDGAR ↗
Q3 2025$118M57Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$112M56Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$117M54Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$101M51Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$114M50Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$97M49Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$100M51May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$94M54Jan 23, 202413F-HRchanges · EDGAR ↗
Q3 2023$88M53Oct 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$95M56Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$82M53May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$79M55Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$64M54Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$148M117Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$195M118May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$226M118Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$213M120Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$236M130Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$236M129May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$232M122Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$208M114Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$185M104Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$160M101May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$218M103Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$205M106Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$222M106Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$238M114May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$214M117Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.