Ativo Capital Management LLC
Sector Allocation
- Other39.5%$51.1M
- Technology16.6%$21.5M
- Financials13.8%$17.8M
- Materials8.1%$10.5M
- Consumer Discretionary7.6%$9.8M
- Industrials6.9%$9.0M
- Healthcare2.9%$3.7M
- Consumer Staples2.4%$3.0M
- Utilities2.3%$3.0M
AUM History
13fpro.ai/research/fund/ativo-capital-management-llc-1423065
Conviction and streaks
Stable · top 10 = 42.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
TSM
$11.5MAER
$9.0MBAP
$7.0MHTHT
$5.7MNTES
$4.4M- Franklin$4.4M
YUMC
$4.1MASML
$3.4M- Advantest$3.2M
BBVA
$2.8MB
$2.8MRY
$2.6M- DBS$2.4M
AEM
$2.3M- Sompo$2.3M
TD
$2.3MNVS
$2.2MSKHY
$2.2M- UniCredit$2.0M
- Allianz$1.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/ativo-capital-management-llc-1423065
Ativo Capital Management LLC 13F holdings — Q3 2026
$129.4M portfolio (-0.9% QoQ) · 55 holdings · Q3 2026 13F · top 10 are 43% of the stock portfolio
$11.5M
8.9% of stocks
-5%This quarter-7.0%Since Q-end11+ qtrsHeld$9.0M
6.9% of stocks
+0.0%This quarter+3.0%Since Q-end4 qtrsHeld$7.0M
5.4% of stocks
-1%This quarter-1.5%Since Q-end11+ qtrsHeld$5.7M
4.4% of stocks
-1%This quarter+10.6%Since Q-end2 qtrsHeld$4.4M
3.4% of stocks
-1%This quarter-2.3%Since Q-end11+ qtrsHeld- 6
Franklin Templeton ETF Tr Fran - ETF
$4.4M
3.4% of stocks
No changeThis quarter—Since Q-end—HeldAIQuality—Est. buy— $4.1M
3.2% of stocks
-1%This quarter+10.8%Since Q-end7 qtrsHeld$3.4M
2.6% of stocks
+9%This quarter-12.2%Since Q-end3 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 3 qtrs in a row- 9
Advantest Corp Sp ADR - ADR
$3.2M
2.5% of stocks
+8%This quarter—Since Q-end—HeldAIQuality—Est. buy— $2.8M
2.2% of stocks
-0.0%This quarter-9.1%Since Q-end11+ qtrsHeld
All holdings — Ativo Capital Management LLC (Q3 2026)
55 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | BARRICK MINING CORP | Materials | $2.8M | 2.1% | 68K | +0.0% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | ROYAL BANK OF CANADA | Financials | $2.6M | 2.0% | 13K | -0.0% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | DBS Group Holdings Ltd Sp ADR - ADRadr | — | $2.4M | 1.8% | 9,825 | -6% | — | — | 13F |
| 14 | AGNICO EAGLE MINES LTD | Materials | $2.3M | 1.8% | 13K | — | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | — | Sompo Holdings Inc ADR - ADRadr | — | $2.3M | 1.8% | 109K | -0.0% | — | — | 13F |
| 16 | TORONTO DOMINION BANK | Financials | $2.3M | 1.8% | 19K | +0.0% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | NOVARTIS AGadr | Healthcare | $2.2M | 1.7% | 16K | +0.1% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | SK hynix Inc.adr | Technology | $2.2M | 1.7% | 12K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | UniCredit SpA Unsponsord ADR - ADRadr | — | $2.0M | 1.5% | 42K | -0.0% | — | — | 13F |
| 20 | — | Allianz SE Unsponsrd ADS - ADRadr | — | $1.9M | 1.5% | 41K | -0.0% | — | — | 13F |
| 21 | — | Ageas Sp ADR Ne - ADRadr | — | $1.9M | 1.5% | 23K | +0.0% | — | — | 13F |
| 22 | — | Abb Ltd Sp Adr - ADRadr | — | $1.8M | 1.4% | 19K | +0.0% | — | — | 13F |
| 23 | — | Nordea Bank Abp MTN Sp ADS - ADRadr | — | $1.8M | 1.4% | 90K | — | — | — | 13F |
| 24 | British American Tobacco p.l.c.adr | Consumer Staples | $1.8M | 1.4% | 32K | +0.1% | 7 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESPadr | Utilities | $1.7M | 1.3% | 328K | +0.1% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | Komatsu Ltd Sp Adr New - ADR | — | $1.7M | 1.3% | 35K | +0.0% | |||
| 27 | — | Wh Group Ltd Sp Adr - ADR | — | $1.7M | 1.3% | 98K | +6% | |||
| 28 | — | Veolia Environnement Sp ADR - ADR | — | $1.7M | 1.3% | 96K | New | |||
| 29 | — | Tesco Plc Sp Adr - ADR | — | $1.7M | 1.3% | 89K | +0.2% | |||
| 30 | — | Lundin Gold Inc - COM | — | $1.6M | 1.3% | 27K | -0.0% | |||
| 31 | $IX | ORIX CORP | Financials | $1.6M | 1.3% | 43K | -16% | |||
| 32 | — | Industrial De Diseno Textil In - ADR | — | $1.6M | 1.3% | 107K | +0.1% | |||
| 33 | — | MS&AD Ins Group Holdings ADR - ADR | — | $1.6M | 1.3% | 52K | -0.0% | |||
| 34 | — | Ipsen Sa Sp Adr - ADR | — | $1.6M | 1.3% | 39K | -0.1% | |||
| 35 | — | AXA SA Sp ADR - ADR | — | $1.5M | 1.2% | 32K | -0.0% | |||
| 36 | — | Credit Agricole SA ADR - ADR | — | $1.5M | 1.2% | 154K | +0.0% | |||
| 37 | $GSK | GSK plc | Healthcare | $1.5M | 1.2% | 32K | New | |||
| 38 | — | Makita Corp Sp ADR - ADR | — | $1.5M | 1.2% | 45K | +0.0% | |||
| 39 | — | QBE INS GROUP LTD - ADR | — | $1.5M | 1.1% | 92K | +0.0% | |||
| 40 | $ING | ING GROEP NV | Financials | $1.5M | 1.1% | 42K | -0.1% | |||
| 41 | $GFI | GOLD FIELDS LTD | Materials | $1.5M | 1.1% | 41K | New | |||
| 42 | — | Fujitsu Ltd Unsponsored Adr - ADR | — | $1.5M | 1.1% | 58K | -0.0% | |||
| 43 | $BVN | BUENAVENTURA MINING CO INC | Materials | $1.5M | 1.1% | 46K | +0.1% | |||
| 44 | — | Prosus NV Sp ADR - ADR | — | $1.4M | 1.1% | 177K | +0.2% | |||
| 45 | — | Assicurazioni Generali Spa Uns - ADR | — | $1.4M | 1.1% | 59K | +0.0% | |||
| 46 | $KGC | KINROSS GOLD CORP | Materials | $1.4M | 1.1% | 58K | +0.0% | |||
| 47 | — | Dnb Bank Asa Sponsored - ADR | — | $1.4M | 1.0% | 41K | -20% | |||
| 48 | — | Centrica Plc Sp Adr New - ADR | — | $1.3M | 1.0% | 167K | +84% | |||
| 49 | $UL | UNILEVER PLC | Consumer Staples | $1.3M | 1.0% | 21K | -0.0% | |||
| 50 | $CIG | ENERGY CO OF MINAS GERAIS | Utilities | $1.2M | 1.0% | 593K | -27% | |||
| 51 | — | Raiffeisen Bank Intl Ag Adr - ADR | — | $1.2M | 0.9% | 65K | -0.2% | |||
| 52 | — | Oversea Chinese Bank Unsponsor - ADR | — | $1.1M | 0.9% | 22K | -0.1% | |||
| 53 | $AU | AngloGold Ashanti PLC | Materials | $1.0M | 0.8% | 11K | New | |||
| 54 | — | Allwyn AG - ADR | — | $467K | 0.4% | 72K | -0.5% | |||
| 55 | — | Standard Bank Group Ltd Sp ADR - ADR | — | $464K | 0.4% | 26K | -32% |
What changed in Q3 2026
Against the previous quarter's 13F: 5 new, 22 added to, 25 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
Added to (22)
- Centrica Plc Sp Adr New - ADR+84%
now $1.3M
now $3.4M · held 3 qtrs, 3 adds in a row
- Advantest Corp Sp ADR - ADR+8%
now $3.2M
- Wh Group Ltd Sp Adr - ADR+6%
now $1.7M
- Tesco Plc Sp Adr - ADR+0.2%
now $1.7M
- Prosus NV Sp ADR - ADR+0.2%
now $1.4M
+16 more in the Excel export
Trimmed (25)
now $11.5M · held 11+ qtrs
$CIGENERGY CO OF MINAS GERAIS-27%
now $1.2M · held 11+ qtrs
- Dnb Bank Asa Sponsored - ADR-20%
now $1.4M
$IXORIX CORP-16%
now $1.6M · held 11+ qtrs
- Standard Bank Group Ltd Sp ADR - ADR-32%
now $464K
- DBS Group Holdings Ltd Sp ADR - ADR-6%
now $2.4M
+19 more in the Excel export
Holdings by quarter
Every 13F Ativo Capital Management LLC has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow Ativo Capital Management?
Holdings as of Sep 30, 2026 (SEC filing). Prices are closing prices as of Oct 26, 2026.
Average quality of Ativo Capital Management's top 20 holdings: 67/100 (our AI quality score, weighted by position size; 6 of the 20 are scored)
Top 10 since quarter-end
-0.8%
Value-weighted move of the 10 largest stock positions
Turnover
7%
Last quarter; 39% over the last 4
Top 10 weight
43%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
75%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 6 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Ativo Capital Management LLC disclosed 55 positions worth $129.4M in its Form 13F-HR for Q3 2026, led by $TSM (TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD) at 8.9% of the equity portfolio, followed by $AER and $BAP. During the quarter the fund opened 5 new positions and exited 6 — including a new stake in $SKHY. The portfolio is most concentrated in Other (39.5% of disclosed assets). All figures are sourced directly from Ativo Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 1423065.
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