Q3 2026 13F · SEC CIK 1423065

Ativo Capital Management LLC

Institutional asset managerFiled 2026-10-27 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $129.4M
Reported positions: 55
Top holdings a year, 3 yrs: +9.0%
Assets under management: $862.7M

Ativo Capital Management LLC is an institutional asset manager that reported 55 positions worth $129.4M in its Q3 2026 13F, filed 2026-10-27. Its largest holdings were Taiwan Semiconductor Manufac (TSM, 8.9%), Aercap Holdings NV (AER, 6.9%), Credicorp Ltd (BAP, 5.4%). A portfolio copying its top holdings returned 9.0% a year over the last 3 years, against 20.4% for the S&P 500.

Ativo Capital Management LLC holdings largest 50 of 55 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Ativo Capital Management LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
TSMTaiwan Semiconductor Manufac	8.9%	9.7%	25,265	-4.5%	$11.5M
AERAercap Holdings NV	6.9%	7.0%	62,523	+0.0%	$9.0M
BAPCredicorp Ltd	5.4%	5.6%	18,447	-1.4%	$7.0M
HTHTHuazhu Group Ltd Sponsored Ads	4.4%	4.3%	133,980	-1.4%	$5.7M
NTESNetease Inc Sp ADR	3.4%	3.6%	36,311	-1.3%	$4.4M
FLINFranklin Ftse India ETF	3.4%	3.5%	130,120	+0.0%	$4.4M
YUMCYum China Hldgs Inc	3.2%	3.2%	99,610	-1.3%	$4.1M
ASMLAsml Hldg NV	2.6%	2.6%	1,857	+9.5%	$3.4M
ATEYYAdvantest Corp Sp ADR	2.5%	2.2%	14,711	+7.9%	$3.2M
BBVXFBanco Bilbao Vizcaya Argenta	2.2%	2.0%	101,847	-0.0%	$2.8M
BBarrick Mng Corp	2.1%	1.9%	68,203	+0.0%	$2.8M
RYRoyal Bk Cda	2.0%	2.1%	13,040	-0.0%	$2.6M
DBSDYDBS Group Holdings Ltd Sp ADR	1.8%	1.6%	9,825	-5.8%	$2.4M
AEMAgnico Eagle Mines Ltd	1.8%	1.5%	12,599	+0.0%	$2.3M
SMPNYSompo Holdings Inc ADR	1.8%	1.6%	109,216	-0.0%	$2.3M
TDToronto Dominion Bk Ont	1.8%	1.8%	19,268	+0.0%	$2.3M
NVSNovartis AG	1.7%	1.9%	15,618	+0.1%	$2.2M
SKHYVSk Hynix Inc	1.7%	—	11,850	—	$2.2M
UNCRYUniCredit SpA Unsponsord ADR	1.5%	1.5%	42,437	-0.0%	$2.0M
ALIZYAllianz SE Unsponsrd ADS	1.5%	1.5%	41,214	-0.0%	$1.9M
AGESYAgeas Sp ADR Ne	1.5%	1.4%	23,012	+0.0%	$1.9M
ABBNYAbb Ltd Sp Adr	1.4%	1.6%	18,838	+0.0%	$1.8M
NRDBYNordea Bank Abp MTN Sp ADS	1.4%	1.3%	89,574	+0.0%	$1.8M
BTIBritish Amern Tob PLC	1.4%	1.5%	32,339	+0.1%	$1.8M
SBSCompanhia de Saneamento Basico	1.3%	1.4%	327,656	+0.1%	$1.7M
KMTUYKomatsu Ltd Sp Adr New	1.3%	1.0%	35,080	+0.0%	$1.7M
WHGLYWh Group Ltd Sp Adr	1.3%	1.5%	98,420	+6.2%	$1.7M
VEOEYVeolia Environnement Sp ADR	1.3%	—	95,850	—	$1.7M
TSCDYTesco Plc Sp Adr	1.3%	1.2%	88,757	+0.2%	$1.7M
LUGDFLundin Gold Inc	1.3%	1.1%	26,720	-0.0%	$1.6M
IXORIX Corp Sp ADR	1.3%	1.5%	43,180	-15.6%	$1.6M
IDEXYIndustrial De Diseno Textil In	1.3%	1.3%	107,174	+0.1%	$1.6M
MSADYMS&AD Ins Group Holdings ADR	1.3%	1.0%	52,127	-0.0%	$1.6M
IPSEYIpsen Sa Sp Adr	1.3%	1.4%	38,700	-0.1%	$1.6M
AXAHYAXA SA Sp ADR	1.2%	1.2%	32,075	-0.0%	$1.5M
CRARYCredit Agricole SA ADR	1.2%	1.2%	154,451	+0.0%	$1.5M
GSKGsk PLC	1.2%	—	31,556	—	$1.5M
MKTAYMakita Corp Sp ADR	1.2%	1.2%	45,012	+0.0%	$1.5M
QBIEYQbe Ins Group Ltd	1.1%	1.2%	91,510	+0.0%	$1.5M
INGIng Groep N.v.	1.1%	1.0%	41,753	-0.1%	$1.5M
GFIGold Fields Ltd.	1.1%	—	40,840	—	$1.5M
FJTSYFujitsu Ltd Unsponsored Adr	1.1%	0.9%	58,013	-0.0%	$1.5M
BVNCompania de Minas Buenaventura	1.1%	1.0%	46,118	+0.1%	$1.5M
PROSYProsus NV Sp ADR	1.1%	1.2%	176,629	+0.2%	$1.4M
ARZGYAssicurazioni Generali Spa Uns	1.1%	1.1%	58,655	+0.0%	$1.4M
KGCKinross Gold Corp	1.1%	1.1%	58,297	+0.0%	$1.4M
DNBBYDnb Bank Asa Sponsored	1.0%	1.2%	41,222	-19.8%	$1.4M
CPYYYCentrica Plc Sp Adr New	1.0%	—	166,593	—	$1.3M
ULUnilever PLC	1.0%	1.0%	21,206	-0.0%	$1.3M
CIGCia Energetica de Minas Gerais	1.0%	1.3%	593,446	-26.6%	$1.2M

What Ativo Capital Management LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

Reduced

CIG Cia Energetica de Minas Gerais-26.6% shares
DNBBY Dnb Bank Asa Sponsored-19.8% shares
IX ORIX Corp Sp ADR-15.6% shares
DBSDY DBS Group Holdings Ltd Sp ADR-5.8% shares

Left the top 50

ENGIY Engie SA Sp ADRwas 1.4%
GIL Gildan Activewear Incwas 1.1%
ASR Grupo Aeroportuario del Surestwas 1.1%
VLVLY Volvo Ab Unsponsord ADRwas 1.0%
HMY Harmony Gold Mng Ltdwas 1.0%

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +2.4% /yr; S&P 500 +20.1%
3 years: +9.0% /yr; S&P 500 +20.4%
5 years: +2.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$129.4M	55
Q2 2026	$130.6M	56
Q1 2026	$115.0M	55
Q4 2025	$114.1M	55
Q3 2025	$118.5M	57
Q2 2025	$111.9M	56
Q1 2025	$116.8M	54
Q4 2024	$100.8M	51
Q3 2024	$114.3M	50
Q2 2024	$96.6M	49
Q1 2024	$99.7M	51
Q4 2023	$93.6M	54

Questions about Ativo Capital Management LLC's portfolio

What stocks does Ativo Capital Management LLC own?

Ativo Capital Management LLC's latest 13F, for Q3 2026 and filed Oct 27, 2026, lists 55 positions worth $129.4M. The largest are Taiwan Semiconductor Manufac (TSM) at 8.9%, Aercap Holdings NV (AER) at 6.9%, Credicorp Ltd (BAP) at 5.4%, Huazhu Group Ltd Sponsored Ads (HTHT) at 4.4% and Netease Inc Sp ADR (NTES) at 3.4%.

What did Ativo Capital Management LLC buy last quarter?

In Q3 2026, Ativo Capital Management LLC added Asml Hldg NV (ASML) (+9.5% shares), Advantest Corp Sp ADR (ATEYY) (+7.9% shares) and Wh Group Ltd Sp Adr (WHGLY) (+6.2% shares), compared with its Q2 2026 filing.

What did Ativo Capital Management LLC sell last quarter?

In Q3 2026, Ativo Capital Management LLC cut from its top 50 Engie SA Sp ADR (ENGIY), cut from its top 50 Gildan Activewear Inc (GIL), cut from its top 50 Grupo Aeroportuario del Surest (ASR), cut from its top 50 Volvo Ab Unsponsord ADR (VLVLY), cut from its top 50 Harmony Gold Mng Ltd (HMY), Cia Energetica de Minas Gerais (CIG) (-26.6% shares), Dnb Bank Asa Sponsored (DNBBY) (-19.8% shares) and ORIX Corp Sp ADR (IX) (-15.6% shares), compared with its Q2 2026 filing.

How has Ativo Capital Management LLC's portfolio performed?

A portfolio copying Ativo Capital Management LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +9.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +2.4% against +20.1%. Over 5 years: +2.4% a year against +11.6%.

When is Ativo Capital Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Ativo Capital Management LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Ativo Capital Management LLC manage?

Ativo Capital Management LLC reported $862.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $129.4M.