SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Ativo Capital Management LLC

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

Reported Value
$117M
Q1 2025
Positions
54
Filings on Record
30
2019–present window
Filed
Apr 28, 2025
original filing

Summary

Ativo Capital Management LLC reported $117M in U.S.-listed holdings across 54 positions for Q1 2025.

Its largest position, Franklin Templeton Etf Tr Fran, represents 10.3% of the portfolio.

Compared with Q4 2024, the fund opened 8 new positions and exited 5.

Portfolio Metrics

Turnover
+15.7%
vs prior filed quarter
Top-10 Concentration
+50.2%
share of reported value
Largest Position
+10.3%
Franklin Templeton Etf Tr Fran
New / Exited
8 / 5
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: 68.2%ADR: 26.9%Common Stock: 4.9%
  • Other · 68.2% · $80M
  • ADR · 26.9% · $31M
  • Common Stock · 4.9% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Finvolution Group Sp ADSNEW+738.7K738.7K+$7M$7M
Yum China Holdings IncNEW+124.8K124.8K+$6M$6M
HAMHarmony Gold Mining Co Ltd SpNEW+127.7K127.7K+$2M$2M
AEMAgnico Eagle Mines LtdNEW+14.2K14.2K+$2M$2M
Dnb Bank Asa SponsoredNEW+57.7K57.7K+$2M$2M
ABJAAbb Ltd Sp AdrNEW+24.1K24.1K+$1M$1M
LNVGYLenovo Group Ltd Sp ADRNEW+28.7K28.7K+$774,168$774,168
BMTABritish American Tobacco PLC SNEW+17.0K17.0K+$704,430$704,430

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

Holdings — Q1 2025

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Franklin Templeton ETF Tr FranETF10.30%$12M326.4K
2Check Point Software Tech LtdCOM8.45%$10M43.3K
3Finvolution Group Sp ADSADR6.09%$7M738.7K
4Yum China Holdings IncCOM5.56%$6M124.8K
5Credicorp LtdCOM5.02%$6M31.5K
6Netease Inc Sp ADRADR4.95%$6M56.2K
7Alibaba Group Holding Ltd Sp AADR4.06%$5M35.9K
8TSMTaiwan Semiconductor Mfg Ltd Shistory →ADR2.19%$3M15.4K
9RELXRelx PLC Sp ADRhistory →ADR1.94%$2M45.0K
10Assicurazioni Generali Spa UnsADR1.68%$2M111.5K
11Sompo Holdings Inc ADRADR1.64%$2M125.1K
12HAMHarmony Gold Mining Co Ltd Sphistory →ADR1.61%$2M127.7K
13ALIZYAllianz SE Unsponsrd ADShistory →ADR1.51%$2M46.2K
14Auto Trader Group PLC UnsponsoADR1.41%$2M692.4K
15DBS Group Holdings Ltd Sp ADRADR1.38%$2M11.7K
16HBC2HSBC Holdings PLC Sp ADRhistory →ADR1.37%$2M27.9K
17CRARYCredit Agricole SA ADRhistory →ADR1.34%$2M173.6K
18Ageas Sp ADR NeADR1.34%$2M25.9K
19GILGildan Activewear Inchistory →COM1.32%$2M35.0K
20JEXYYJiangsu Expressway Co Ltd Sp Ahistory →ADR1.32%$2M61.8K
21AXAHYAXA SA Sp ADRhistory →ADR1.32%$2M36.1K
223I Group Plc Unsponsord AdrADR1.32%$2M64.7K
23AEMAgnico Eagle Mines Ltdhistory →COM1.32%$2M14.2K
24Dnb Bank Asa SponsoredADR1.30%$2M57.7K
25Engie SA Sp ADRADR1.27%$1M76.3K
26Banco Bilbao Vizcaya ArgentariCOM1.24%$1M106.7K
27CGI Inc Cl ACOM1.23%$1M14.4K
28QBE INS GROUP LTDADR1.23%$1M102.8K
29Grupo Aeroportuario Del SurestADR1.20%$1M5.1K
30SoftBank Corp Unsponsred ADSADR1.17%$1M97.5K
31Novartis AG Sp ADRADR1.15%$1M12.1K
32DSGDescartes Systems Group Inchistory →ADR1.15%$1M13.3K
33MTSUYMitsubishi Corp ADShistory →ADR1.15%$1M75.5K
34UniCredit SpA Unsponsord ADRADR1.15%$1M47.7K
35Kunlun Energy Company Ltd UnspADR1.14%$1M141.6K
36VLVLYVolvo Ab Unsponsord ADRhistory →ADR1.13%$1M45.0K
37Nordea Bank Abp MTN Sp ADSADR1.11%$1M100.6K
38MS&AD Ins Group Holdings ADRADR1.09%$1M58.5K
39RYRoyal Bank of Canada Montrealhistory →COM1.08%$1M11.2K
40ABJAAbb Ltd Sp Adrhistory →ADR1.08%$1M24.1K
41Unilever PLC Sp ADRADR1.03%$1M20.3K
42IXORIX Corp Sp ADRhistory →ADR1.03%$1M57.7K
43RXEEYRexel SA ADRhistory →ADR1.01%$1M44.0K
44TMToyota Motor Corp Sp ADR 2ADR0.98%$1M6.5K
45CIGCia Energetica de Minas GeraisADR0.98%$1M647.5K
46ENI SPA Sp ADRCOM0.97%$1M36.5K
47BB Seguridade Participacoes SAADR0.96%$1M158.0K
48Woori Financial Group Inc Sp AADR0.95%$1M33.1K
49LYGLloyds Banking Group Plc Sp AdADR0.80%$935,754245.0K
50LNVGYLenovo Group Ltd Sp ADRADR0.66%$774,16828.7K

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 ↗.