Ativo Capital Management LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Ativo Capital Management LLC reported 56 stock positions worth $130.6 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 9.7% of the portfolio, followed by Aercap (AER, 7.0%) and Credicorp (BAP, 5.6%). Compared with Q1 2026, it opened 5 new positions, sold out of 4, added to 18 and reduced 30. The biggest buy was a new position in H World Group Ltd.-ADR (HTHT) and the biggest sale Eni SPA-Sponsored ADR (E, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001423065
- Portfolio Value
- $130.6M (Q2 2026)
- SEC Filing
- 0001423065-26-000006 ↗ filed Aug 10, 2026
Holdings Value
Holdings 56 stocks · $130.6M
| TSM Taiwan Semiconductor-SP ADR | 9.68% | 26,463 | $12.6M | Add +37.2% |
| AER Aercap Holdings NV | 6.98% | 62,518 | $9.1M | Add +49.8% |
| BAP Credicorp Ltd. | 5.58% | 18,710 | $7.3M | Reduce -0.8% |
| HTHT H World Group Ltd.-ADR | 4.34% | 135,910 | $5.7M | New |
| NTES Netease Inc.-ADR | 3.61% | 36,800 | $4.7M | Add +1.2% |
| FLIN Franklin Ftse India ETF | 3.54% | 130,120 | $4.6M | No change |
| YUMC Yum China Holdings Inc. | 3.16% | 100,960 | $4.1M | Reduce -0.4% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 2.58% | 1,696 | $3.4M | Add +41.2% |
| ATEYY Advantest Corp.- Spon ADR | 2.17% | 13,637 | $2.8M | Add +14.3% |
| RY Royal Bank of Canada | 2.07% | 13,041 | $2.7M | Reduce -0.1% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 1.96% | 101,890 | $2.6M | Reduce -0.9% |
| B Barrick Mining Corp. | 1.92% | 68,202 | $2.5M | Add +2.2% |
| NVS Novartis AG-Sponsored ADR | 1.87% | 15,609 | $2.4M | Reduce -1.4% |
| TD Toronto-Dominion Bank | 1.79% | 19,265 | $2.3M | Reduce -0.1% |
| DBSDY DBS Group Holdings-Spon ADR | 1.62% | 10,427 | $2.1M | Reduce -0.0% |
| SMPNY Sompo Japan Nipponkoa-Un ADR filed as SOMPO HOLDINGS INC | 1.60% | 109,247 | $2.1M | Reduce -21.6% |
| ABBNY Abb Ltd.-Spon ADR | 1.57% | 18,835 | $2.0M | Reduce -16.8% |
| BTI British American Tob-SP ADR | 1.53% | 32,322 | $2.0M | Reduce -0.0% |
| WHGLY WH Group Ltd. - Spon ADR | 1.51% | 92,650 | $2.0M | Add +0.1% |
| AEM Agnico Eagle Mines Ltd. | 1.50% | 12,599 | $2.0M | Add +0.0% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 1.49% | 51,144 | $1.9M | Reduce -0.0% |
| ALIZY Allianz SE - Unsp ADR | 1.49% | 41,216 | $1.9M | No change |
| UNCRY Unicredit SPA-ADR | 1.45% | 42,441 | $1.9M | Reduce -0.0% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 1.45% | 327,423 | $1.9M | No change |
| AGESY Ageas -Spon ADR | 1.42% | 23,011 | $1.9M | Reduce -0.0% |
| ENGIY Engie-Spon ADR | 1.38% | 57,337 | $1.8M | Reduce -15.5% |
| IPSEY Ipsen SA-Sponsored ADR | 1.38% | 38,753 | $1.8M | Reduce -0.0% |
| CIG Cia Energetica DE-Spon ADR | 1.30% | 808,007 | $1.7M | Reduce -0.6% |
| NRDBY Nordea Bank Abp - Spon ADR | 1.30% | 89,574 | $1.7M | Reduce 0.0% |
| IDEXY Inditex-Unspon ADR filed as Industria De Diseno Textil SA | 1.29% | 107,032 | $1.7M | New |
| TSCDY Tesco PLC-Sponsored ADR | 1.25% | 88,537 | $1.6M | Add +0.1% |
| MKTAY Makita Corp.-Spons ADR | 1.24% | 45,002 | $1.6M | Reduce 0.0% |
| AXAHY AXA -Spons ADR filed as AXA SA | 1.23% | 32,076 | $1.6M | Reduce 0.0% |
| QBIEY Qbe Insurance Group-SPN ADR | 1.23% | 91,497 | $1.6M | Reduce -0.0% |
| CRARY Credit Agricole SA-Unsp ADR | 1.18% | 154,438 | $1.5M | Add +0.0% |
| PROSY Prosus NV -Spon ADR | 1.17% | 176,339 | $1.5M | Add +0.2% |
| DNBBY DNB Bank ASA - SPN ADR | 1.17% | 51,397 | $1.5M | Add +0.0% |
| GIL Gildan Activewear Inc. | 1.12% | 28,312 | $1.5M | Reduce -9.3% |
| LUGDF Lundin Gold Inc. | 1.10% | 26,729 | $1.4M | Reduce -0.1% |
| ARZGY Assicurazioni Gen-Unspon ADR | 1.09% | 58,651 | $1.4M | Reduce -22.5% |
| ASR Grupo Aeroportuario Sur-ADR | 1.06% | 4,522 | $1.4M | Add +0.0% |
| KGC Kinross Gold Corp. | 1.05% | 58,295 | $1.4M | New |
| KMTUY Komatsu Ltd. -Spons ADR | 1.05% | 35,063 | $1.4M | Reduce -23.4% |
| MSADY Ms&ad Insurance-Unspons ADR | 1.04% | 52,137 | $1.4M | Reduce -0.0% |
| VLVLY Volvo AB-B SHS-Unspon ADR | 1.04% | 40,025 | $1.4M | Reduce -26.0% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 1.03% | 46,082 | $1.3M | New |
| HMY Harmony Gold MNG-Spon ADR | 1.01% | 86,460 | $1.3M | Reduce -0.0% |
| ING ING Groep N.V.-Sponsored ADR | 1.00% | 41,776 | $1.3M | New |
| UL Unilever PLC-Sponsored ADR | 0.98% | 21,207 | $1.3M | Add +0.0% |
| FJTSY Fujitsu Ltd. - Unspon ADR | 0.88% | 58,025 | $1.2M | Add +0.0% |
| RAIFY Raiffeisen Bank Int-Unsp ADR | 0.79% | 65,099 | $1.0M | Add +0.1% |
| OVCHY Oversea-Chinese Bank-Uns ADR | 0.66% | 22,298 | $857K | Reduce -0.1% |
| CPYYY Centrica PLC-SP ADR | 0.63% | 90,329 | $827K | Add +0.0% |
| SGBLY Standard Bank Group-Spon ADR | 0.57% | 37,516 | $744K | Add +0.1% |
| GOFPY Allwyn AG | 0.44% | 72,380 | $574K | Reduce -0.0% |
| E Eni SPA-Sponsored ADR | 0.44% | 12,212 | $572K | Reduce -77.6% |
Portfolio Sells Q1 2026 → Q2 2026
| E Eni SPA-Sponsored ADR | Reduce -77.6% | 0.44% | −2.25 |
| WF Woori Financial-Spon ADR | Sold out | 0.00% | −1.59 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −1.56 |
| KLYCY Kunlun Energy Co. -Unsp ADR | Sold out | 0.00% | −1.25 |
| YUMC Yum China Holdings Inc. | Reduce -0.4% | 3.16% | −1.14 |
| TGOPY 3I Group PLC-Unspon ADR | Sold out | 0.00% | −1.04 |
| SMPNY Sompo Japan Nipponkoa-Un ADR | Reduce -21.6% | 1.60% | −0.76 |
| LUGDF Lundin Gold Inc. | Reduce -0.1% | 1.10% | −0.67 |
| ENGIY Engie-Spon ADR | Reduce -15.5% | 1.38% | −0.55 |
| KMTUY Komatsu Ltd. -Spons ADR | Reduce -23.4% | 1.05% | −0.51 |
| VLVLY Volvo AB-B SHS-Unspon ADR | Reduce -26.0% | 1.04% | −0.50 |
| GIL Gildan Activewear Inc. | Reduce -9.3% | 1.12% | −0.39 |
| CIG Cia Energetica DE-Spon ADR | Reduce -0.6% | 1.30% | −0.39 |
| ARZGY Assicurazioni Gen-Unspon ADR | Reduce -22.5% | 1.09% | −0.23 |
| NVS Novartis AG-Sponsored ADR | Reduce -1.4% | 1.87% | −0.23 |
| IPSEY Ipsen SA-Sponsored ADR | Reduce -0.0% | 1.38% | −0.18 |
| HMY Harmony Gold MNG-Spon ADR | Reduce -0.0% | 1.01% | −0.15 |
| MSADY Ms&ad Insurance-Unspons ADR | Reduce -0.0% | 1.04% | −0.14 |
| BTI British American Tob-SP ADR | Reduce -0.0% | 1.53% | −0.12 |
| AGESY Ageas -Spon ADR | Reduce -0.0% | 1.42% | −0.05 |
| NRDBY Nordea Bank Abp - Spon ADR | Reduce 0.0% | 1.30% | −0.05 |
| AXAHY AXA -Spons ADR | Reduce 0.0% | 1.23% | −0.05 |
| MKTAY Makita Corp.-Spons ADR | Reduce 0.0% | 1.24% | −0.05 |
| GOFPY Allwyn AG | Reduce -0.0% | 0.44% | −0.04 |
| ABBNY Abb Ltd.-Spon ADR | Reduce -16.8% | 1.57% | −0.02 |
| OVCHY Oversea-Chinese Bank-Uns ADR | Reduce -0.1% | 0.66% | −0.01 |
| DBSDY DBS Group Holdings-Spon ADR | Reduce -0.0% | 1.62% | −0.01 |
| BAP Credicorp Ltd. | Reduce -0.8% | 5.58% | +0.01 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -0.9% | 1.96% | +0.02 |
| QBIEY Qbe Insurance Group-SPN ADR | Reduce -0.0% | 1.23% | +0.05 |
| UNCRY Unicredit SPA-ADR | Reduce -0.0% | 1.45% | +0.12 |
| IX Orix - Sponsored ADR | Reduce -0.0% | 1.49% | +0.16 |
| TD Toronto-Dominion Bank | Reduce -0.1% | 1.79% | +0.23 |
| RY Royal Bank of Canada | Reduce -0.1% | 2.07% | +0.23 |
Portfolio Buys Q1 2026 → Q2 2026
| HTHT H World Group Ltd.-ADR | New | 4.34% | +4.34 |
| TSM Taiwan Semiconductor-SP ADR | Add +37.2% | 9.68% | +4.01 |
| AER Aercap Holdings NV | Add +49.8% | 6.98% | +2.00 |
| IDEXY Inditex-Unspon ADR | New | 1.29% | +1.29 |
| ASML ASML Holding NV-NY Reg SHS | Add +41.2% | 2.58% | +1.20 |
| KGC Kinross Gold Corp. | New | 1.05% | +1.05 |
| BVN Cia DE Minas Buenaventur-ADR | New | 1.03% | +1.03 |
| ING ING Groep N.V.-Sponsored ADR | New | 1.00% | +1.00 |
| ATEYY Advantest Corp.- Spon ADR | Add +14.3% | 2.17% | +0.76 |
| RAIFY Raiffeisen Bank Int-Unsp ADR | Add +0.1% | 0.79% | +0.18 |
| NTES Netease Inc.-ADR | Add +1.2% | 3.61% | +0.07 |
| SGBLY Standard Bank Group-Spon ADR | Add +0.1% | 0.57% | −0.03 |
| CRARY Credit Agricole SA-Unsp ADR | Add +0.0% | 1.18% | −0.07 |
| UL Unilever PLC-Sponsored ADR | Add +0.0% | 0.98% | −0.07 |
| FJTSY Fujitsu Ltd. - Unspon ADR | Add +0.0% | 0.88% | −0.16 |
| TSCDY Tesco PLC-Sponsored ADR | Add +0.1% | 1.25% | −0.22 |
| DNBBY DNB Bank ASA - SPN ADR | Add +0.0% | 1.17% | −0.23 |
| PROSY Prosus NV -Spon ADR | Add +0.2% | 1.17% | −0.24 |
| ASR Grupo Aeroportuario Sur-ADR | Add +0.0% | 1.06% | −0.26 |
| CPYYY Centrica PLC-SP ADR | Add +0.0% | 0.63% | −0.28 |
| B Barrick Mining Corp. | Add +2.2% | 1.92% | −0.45 |
| WHGLY WH Group Ltd. - Spon ADR | Add +0.1% | 1.51% | −0.60 |
| AEM Agnico Eagle Mines Ltd. | Add +0.0% | 1.50% | −0.73 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $130.6M | TSM, AER, BAP, HTHT, NTES |
| Q1 2026 | 55 | $115.0M | TSM, BAP, AER, YUMC, FLIN |
| Q4 2025 | 55 | $114.1M | CHKP, TSM, BAP, AER, NTES |
| Q3 2025 | 57 | $118.5M | CHKP, FLIN, NTES, TSM, BAP |
| Q2 2025 | 56 | $111.9M | CHKP, FLIN, NTES, BAP, FINV |
| Q1 2025 | 54 | $116.8M | FLIN, CHKP, FINV, YUMC, BAP |
| Q4 2024 | 51 | $100.8M | FLIN, CHKP, BAP, AER, NTES |
| Q3 2024 | 50 | $114.3M | FLIN, CHKP, ICLR, BAP, NTES |
| Q2 2024 | 49 | $96.6M | CHKP, ICLR, RDY, TSM, NTES |
| Q1 2024 | 51 | $99.7M | CHKP, ICLR, RDY, NTES, VIPS |