Ativo Capital Management LLC
Sector Allocation
- Other48.0%$62.7M
- Technology12.3%$16.0M
- Financials11.9%$15.6M
- Consumer Discretionary8.6%$11.3M
- Industrials7.0%$9.1M
- Materials6.5%$8.5M
- Consumer Staples2.5%$3.3M
- Healthcare1.9%$2.4M
- Utilities1.3%$1.7M
AUM History
13fpro.ai/research/fund/ativo-capital-management-llc-1423065
Conviction and streaks
Concentrating · top 10 = 43.7%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 — Q2 2026
TSM
$12.6MAER
$9.1MBAP
$7.3MHTHT
$5.7M- Netease$4.7M
- Franklin$4.6M
YUMC
$4.1MASML
$3.4M- Advantest$2.8M
RY
$2.7M- Banco$2.6M
B
$2.5MNVS
$2.4MTD
$2.3M- DBS$2.1M
- Sompo$2.1M
- Abb$2.0M
BTI
$2.0M- Wh$2.0M
AEM
$2.0M
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 — Q2 2026
$130.6M portfolio (+13.6% QoQ) · 56 holdings · Q2 2026 13F · top 10 are 44% of the stock portfolio
$12.6M
9.7% of stocks
+37%This quarter+1.4%Since filed10+ qtrsHeld$9.1M
7.0% of stocks
+50%This quarter-1.1%Since filed3 qtrsHeld$7.3M
5.6% of stocks
-0.8%This quarter-2.1%Since filed10+ qtrsHeld$5.7M
4.3% of stocks
NewThis quarter+10.1%Since filedNew this quarterHeld- 5
Netease Inc Sp ADR - ADR
$4.7M
3.6% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
Franklin Templeton ETF Tr Fran - ETF
$4.6M
3.5% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— $4.1M
3.2% of stocks
-0.4%This quarter-5.5%Since filed6 qtrsHeld$3.4M
2.6% of stocks
+41%This quarter-8.2%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row- 9
Advantest Corp Sp ADR - ADR
$2.8M
2.2% of stocks
+14%This quarter—Since filed—HeldAIQuality—Est. buy— $2.7M
2.1% of stocks
-0.1%This quarter-4.0%Since filed10+ qtrsHeld
All holdings — Ativo Capital Management LLC (Q2 2026)
56 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 | — | Banco Bilbao Vizcaya Argentari - COM | — | $2.6M | 2.0% | 102K | -0.9% | — | — | 13F |
| 12 | BARRICK MINING CORP | Materials | $2.5M | 1.9% | 68K | +2% | 5 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | NOVARTIS AGadr | Healthcare | $2.4M | 1.9% | 16K | -1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | TORONTO DOMINION BANK | Financials | $2.3M | 1.8% | 19K | -0.1% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | — | DBS Group Holdings Ltd Sp ADR - ADRadr | — | $2.1M | 1.6% | 10K | -0.0% | — | — | 13F |
| 16 | — | Sompo Holdings Inc ADR - ADRadr | — | $2.1M | 1.6% | 109K | -22% | — | — | 13F |
| 17 | — | Abb Ltd Sp Adr - ADRadr | — | $2.0M | 1.6% | 19K | -17% | — | — | 13F |
| 18 | British American Tobacco p.l.c.adr | Consumer Staples | $2.0M | 1.5% | 32K | -0.0% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | Wh Group Ltd Sp Adr - ADRadr | — | $2.0M | 1.5% | 93K | +0.1% | — | — | 13F |
| 20 | AGNICO EAGLE MINES LTD | Materials | $2.0M | 1.5% | 13K | +0.0% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ORIX CORPadr | Financials | $1.9M | 1.5% | 51K | -0.0% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | Allianz SE Unsponsrd ADS - ADRadr | — | $1.9M | 1.5% | 41K | — | — | — | 13F |
| 23 | — | UniCredit SpA Unsponsord ADR - ADRadr | — | $1.9M | 1.4% | 42K | -0.0% | — | — | 13F |
| 24 | — | Companhia de Saneamento Basico - ADRadr | — | $1.9M | 1.4% | 327K | +400% | — | — | 13F |
| 25 | — | Ageas Sp ADR Ne - ADRadr | — | $1.9M | 1.4% | 23K | -0.0% | — | — | 13F |
| 26 | — | Engie SA Sp ADR - ADR | — | $1.8M | 1.4% | 57K | -15% | |||
| 27 | — | Ipsen Sa Sp Adr - ADR | — | $1.8M | 1.4% | 39K | -0.0% | |||
| 28 | $CIG | ENERGY CO OF MINAS GERAIS | Utilities | $1.7M | 1.3% | 808K | -0.6% | |||
| 29 | — | Nordea Bank Abp MTN Sp ADS - ADR | — | $1.7M | 1.3% | 90K | -0.0% | |||
| 30 | — | Industrial De Diseno Textil In - ADR | — | $1.7M | 1.3% | 107K | New | |||
| 31 | — | Tesco Plc Sp Adr - ADR | — | $1.6M | 1.3% | 89K | +0.1% | |||
| 32 | — | Makita Corp Sp ADR - ADR | — | $1.6M | 1.2% | 45K | -0.0% | |||
| 33 | — | AXA SA Sp ADR - ADR | — | $1.6M | 1.2% | 32K | -0.0% | |||
| 34 | — | QBE INS GROUP LTD - ADR | — | $1.6M | 1.2% | 91K | -0.0% | |||
| 35 | — | Credit Agricole SA ADR - ADR | — | $1.5M | 1.2% | 154K | +0.0% | |||
| 36 | — | Prosus NV Sp ADR - ADR | — | $1.5M | 1.2% | 176K | +0.2% | |||
| 37 | — | Dnb Bank Asa Sponsored - ADR | — | $1.5M | 1.2% | 51K | +0.0% | |||
| 38 | $GIL | Gildan Activewear Inc. | Consumer Discretionary | $1.5M | 1.1% | 28K | -9% | |||
| 39 | — | Lundin Gold Inc - COM | — | $1.4M | 1.1% | 27K | -0.1% | |||
| 40 | — | Assicurazioni Generali Spa Uns - ADR | — | $1.4M | 1.1% | 59K | -23% | |||
| 41 | — | Grupo Aeroportuario Del Surest - ADR | — | $1.4M | 1.1% | 4,522 | +0.0% | |||
| 42 | $KGC | KINROSS GOLD CORP | Materials | $1.4M | 1.1% | 58K | New | |||
| 43 | — | Komatsu Ltd Sp Adr New - ADR | — | $1.4M | 1.1% | 35K | -23% | |||
| 44 | — | MS&AD Ins Group Holdings ADR - ADR | — | $1.4M | 1.0% | 52K | -0.0% | |||
| 45 | — | Volvo Ab Unsponsord ADR - ADR | — | $1.4M | 1.0% | 40K | -26% | |||
| 46 | $BVN | BUENAVENTURA MINING CO INC | Materials | $1.3M | 1.0% | 46K | New | |||
| 47 | $HMY | HARMONY GOLD MINING CO LTD | Materials | $1.3M | 1.0% | 86K | -0.0% | |||
| 48 | $ING | ING GROEP NV | Financials | $1.3M | 1.0% | 42K | New | |||
| 49 | $UL | UNILEVER PLC | Consumer Staples | $1.3M | 1.0% | 21K | +0.0% | |||
| 50 | — | Fujitsu Ltd Unsponsored Adr - ADR | — | $1.2M | 0.9% | 58K | +0.0% | |||
| 51 | — | Raiffeisen Bank Intl Ag Adr - ADR | — | $1.0M | 0.8% | 65K | +0.2% | |||
| 52 | — | Oversea Chinese Bank Unsponsor - ADR | — | $857K | 0.7% | 22K | -0.1% | |||
| 53 | — | Centrica Plc Sp Adr New - ADR | — | $827K | 0.6% | 90K | +0.0% | |||
| 54 | — | Standard Bank Group Ltd Sp ADR - ADR | — | $744K | 0.6% | 38K | +0.1% | |||
| 55 | — | Allwyn AG - ADR | — | $574K | 0.4% | 72K | -0.0% | |||
| 56 | — | ENI SPA Sp ADR - COM | — | $572K | 0.4% | 12K | -78% |
What changed in Q2 2026
Against the previous quarter's 13F: 5 new, 19 added to, 30 trimmed, 4 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
Added to (19)
now $12.6M · held 10+ qtrs
now $9.1M · held 3 qtrs, 3 adds in a row
- Companhia de Saneamento Basico - ADR+400%
now $1.9M
now $3.4M · held 2 qtrs, 2 adds in a row
- Advantest Corp Sp ADR - ADR+14%
now $2.8M
- Netease Inc Sp ADR - ADR+1%
now $4.7M
+13 more in the Excel export
Trimmed (30)
- ENI SPA Sp ADR - COM-78%
now $572K
- Sompo Holdings Inc ADR - ADR-22%
now $2.1M
- Volvo Ab Unsponsord ADR - ADR-26%
now $1.4M
- Komatsu Ltd Sp Adr New - ADR-23%
now $1.4M
- Assicurazioni Generali Spa Uns - ADR-23%
now $1.4M
- Abb Ltd Sp Adr - ADR-17%
now $2.0M
+24 more in the Excel export
Holdings by quarter
Every 13F Ativo Capital Management LLC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Ativo Capital Management?
Q2 2026 13F filed with the SEC on Aug 10, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Ativo Capital Management's top 20 holdings: 69/100 (our AI quality score, weighted by position size; 5 of the 20 are scored)
Top 10 since filing
-0.5%
Value-weighted move of the 10 largest stock positions
Turnover
9%
Last quarter; 38% over the last 4
Top 10 weight
44%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
65%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 5 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 56 positions worth $130.6M in its Form 13F-HR for Q2 2026, led by $TSM (TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD) at 9.7% of the equity portfolio, followed by $AER and $BAP. During the quarter the fund opened 5 new positions and exited 4 — including a new stake in $HTHT and a full exit from $WF. The portfolio is most concentrated in Other (48.0% 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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