Ativo Capital Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Ativo Capital Management LLC reported 49 stock positions worth $96.6 million. Its top holding was Check Point Software Tech (CHKP) at 10.7% of the portfolio, followed by Icon (ICLR, 9.0%) and Dr. Reddy's Laboratories-ADR (RDY, 5.8%). Compared with Q1 2024, it opened 5 new positions, sold out of 7, added to 8 and reduced 34. The biggest buy was a new position in Aercap (AER) and the biggest sale an exit from Shin-Etsu Chem-Unspon ADR (SHECY).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001423065
- Portfolio Value
- $96.6M (Q2 2024)
- SEC Filing
- 0001423065-24-000006 ↗ filed Aug 5, 2024
Holdings Value
Holdings 49 stocks · $96.6M
| CHKP Check Point Software Tech | 10.70% | 62,656 | $10.3M | Reduce -1.1% |
| ICLR Icon PLC | 9.05% | 27,890 | $8.7M | Reduce -1.4% |
| RDY Dr. Reddy's Laboratories-ADR | 5.81% | 73,676 | $5.6M | Add +0.0% |
| TSM Taiwan Semiconductor-SP ADR | 4.59% | 25,522 | $4.4M | Reduce -0.0% |
| NTES Netease Inc.-ADR | 4.09% | 41,368 | $4.0M | Add +0.0% |
| AER Aercap Holdings NV | 3.93% | 40,770 | $3.8M | New |
| BAP Credicorp Ltd. | 3.65% | 21,840 | $3.5M | No change |
| BABA Alibaba Group Holding-SP ADR | 2.51% | 33,708 | $2.4M | No change |
| VIPS Vipshop Holdings Ltd. - ADR | 2.45% | 181,838 | $2.4M | Reduce -26.1% |
| RELX Relx PLC - Spon ADR | 2.21% | 46,539 | $2.1M | Reduce -7.4% |
| UNCRY Unicredit SPA-ADR | 1.98% | 102,600 | $1.9M | Reduce -0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.92% | 13,022 | $1.9M | Reduce -0.8% |
| TGOPY 3I Group PLC-Unspon ADR | 1.87% | 91,771 | $1.8M | Reduce -0.9% |
| ATDRY Autotrader Group PL-Unsp ADR | 1.86% | 715,973 | $1.8M | Add +37.1% |
| MSADY Ms&ad Insurance-Unspons ADR filed as MS AND AD INSURANCE GROUP HLDNGS ADR | 1.71% | 74,295 | $1.7M | Add +17.0% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 1.70% | 163,345 | $1.6M | Reduce -0.8% |
| MTSUY Mitsubishi Corp. - ADR | 1.60% | 78,160 | $1.5M | Reduce -0.8% |
| GIB Cgi Inc. | 1.54% | 14,902 | $1.5M | Reduce -1.2% |
| ARZGY Assicurazioni Gen-Unspon ADR | 1.49% | 115,451 | $1.4M | Reduce -0.8% |
| PBR Petroleo Brasileiro-Spon ADR | 1.44% | 95,897 | $1.4M | Reduce -0.7% |
| STLA Stellantis NV | 1.43% | 69,833 | $1.4M | Reduce -0.8% |
| TM Toyota Motor Corp. -Spon ADR | 1.42% | 6,714 | $1.4M | Add +0.0% |
| GIL Gildan Activewear Inc. | 1.42% | 36,250 | $1.4M | New |
| NVS Novartis AG-Sponsored ADR | 1.38% | 12,541 | $1.3M | Reduce -0.7% |
| DSGX The Descartes Systems Grp | 1.38% | 13,770 | $1.3M | Reduce -1.4% |
| ALIZY Allianz SE - Unsp ADR | 1.37% | 47,868 | $1.3M | Reduce -0.8% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 1.37% | 11,890 | $1.3M | Reduce -0.8% |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 1.30% | 28,843 | $1.3M | Reduce -0.7% |
| NRDBY Nordea Bank Abp - Spon ADR | 1.29% | 104,058 | $1.2M | Reduce -0.8% |
| MGYOY Mol Hungarian Oil-SP ADR | 1.29% | 305,590 | $1.2M | New |
| SOBKY Softbank Corp.-Unsp ADR | 1.28% | 100,958 | $1.2M | Reduce -0.8% |
| RY Royal Bank of Canada | 1.27% | 11,543 | $1.2M | Reduce -0.9% |
| CRARY Credit Agricole SA-Unsp ADR | 1.26% | 179,647 | $1.2M | Reduce -0.8% |
| MBGYY Mercedes-Benz Group-Unsp ADR | 1.24% | 69,705 | $1.2M | Add +7.1% |
| CIG Cia Energetica DE-Spon ADR | 1.23% | 677,602 | $1.2M | Add +28.8% |
| VLVLY Volvo AB-B SHS-Unspon ADR | 1.23% | 46,623 | $1.2M | Reduce -0.5% |
| E Eni SPA-Sponsored ADR | 1.21% | 38,088 | $1.2M | Reduce -0.9% |
| RXEEY Rexel SA - Unsponsored ADR | 1.20% | 45,000 | $1.2M | New |
| UL Unilever PLC | 1.20% | 21,018 | $1.2M | Reduce -0.9% |
| ENGIY Engie-Spon ADR | 1.16% | 78,953 | $1.1M | New |
| SGBLY Standard Bank Group-Spon ADR | 1.16% | 95,700 | $1.1M | Reduce -0.8% |
| WF Woori Financial-Spon ADR | 1.14% | 34,288 | $1.1M | Reduce -0.6% |
| HKHHY Heineken Holding NV-SPN ADR | 1.11% | 26,700 | $1.1M | Reduce -0.7% |
| LGGNY Legal & Gen Group -Spon ADR filed as LEGAL AND GEN GROUP SPON ADR | 1.06% | 71,517 | $1.0M | Reduce -0.8% |
| GSK GSK PLC-Spon ADR | 0.95% | 23,764 | $915K | Reduce -0.8% |
| IMO Imperial Oil Ltd. | 0.71% | 10,027 | $684K | Reduce -0.0% |
| TTE Totalenergies SE -Spon ADR | 0.67% | 9,646 | $643K | Reduce -2.0% |
| AXAHY AXA -Spons ADR filed as AXA ADR | 0.58% | 17,055 | $560K | Add +0.0% |
| BBSEY BB Seguridade Parti-Spon ADR | 0.56% | 90,523 | $540K | Reduce -1.5% |
Portfolio Sells Q1 2024 → Q2 2024
| SHECY Shin-Etsu Chem-Unspon ADR | Sold out | 0.00% | −1.69 |
| VIPS Vipshop Holdings Ltd. - ADR | Reduce -26.1% | 2.45% | −1.63 |
| ATEYY Advantest Corp.- Spon ADR | Sold out | 0.00% | −1.50 |
| ING ING Groep N.V.-Sponsored ADR | Sold out | 0.00% | −1.46 |
| SGIOY Shionogi & Co. Ltd.-Unspon ADR | Sold out | 0.00% | −1.34 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −1.25 |
| VALE Vale SA-SP ADR | Sold out | 0.00% | −0.72 |
| PBCRY Bank Central Asia-Unspon ADR | Sold out | 0.00% | −0.57 |
| STLA Stellantis NV | Reduce -0.8% | 1.43% | −0.56 |
| ICLR Icon PLC | Reduce -1.4% | 9.05% | −0.48 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -0.8% | 1.70% | −0.26 |
| MTSUY Mitsubishi Corp. - ADR | Reduce -0.8% | 1.60% | −0.14 |
| VLVLY Volvo AB-B SHS-Unspon ADR | Reduce -0.5% | 1.23% | −0.14 |
| GIB Cgi Inc. | Reduce -1.2% | 1.54% | −0.13 |
| LGGNY Legal & Gen Group -Spon ADR | Reduce -0.8% | 1.06% | −0.12 |
| CRARY Credit Agricole SA-Unsp ADR | Reduce -0.8% | 1.26% | −0.09 |
| GSK GSK PLC-Spon ADR | Reduce -0.8% | 0.95% | −0.08 |
| ALIZY Allianz SE - Unsp ADR | Reduce -0.8% | 1.37% | −0.08 |
| BBSEY BB Seguridade Parti-Spon ADR | Reduce -1.5% | 0.56% | −0.05 |
| SOBKY Softbank Corp.-Unsp ADR | Reduce -0.8% | 1.28% | −0.04 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -0.7% | 1.44% | −0.04 |
| TTE Totalenergies SE -Spon ADR | Reduce -2.0% | 0.67% | −0.01 |
| E Eni SPA-Sponsored ADR | Reduce -0.9% | 1.21% | −0.01 |
| IMO Imperial Oil Ltd. | Reduce -0.0% | 0.71% | +0.01 |
| HKHHY Heineken Holding NV-SPN ADR | Reduce -0.7% | 1.11% | +0.01 |
| WF Woori Financial-Spon ADR | Reduce -0.6% | 1.14% | +0.02 |
| ARZGY Assicurazioni Gen-Unspon ADR | Reduce -0.8% | 1.49% | +0.02 |
| UNCRY Unicredit SPA-ADR | Reduce -0.8% | 1.98% | +0.02 |
| RELX Relx PLC - Spon ADR | Reduce -7.4% | 2.21% | +0.03 |
| IX Orix - Sponsored ADR | Reduce -0.8% | 1.37% | +0.04 |
| RY Royal Bank of Canada | Reduce -0.9% | 1.27% | +0.09 |
| DSGX The Descartes Systems Grp | Reduce -1.4% | 1.38% | +0.10 |
| NRDBY Nordea Bank Abp - Spon ADR | Reduce -0.8% | 1.29% | +0.11 |
| UL Unilever PLC | Reduce -0.9% | 1.20% | +0.13 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -0.7% | 1.30% | +0.15 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.7% | 1.38% | +0.16 |
| TGOPY 3I Group PLC-Unspon ADR | Reduce -0.9% | 1.87% | +0.21 |
| SGBLY Standard Bank Group-Spon ADR | Reduce -0.8% | 1.16% | +0.22 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.8% | 1.92% | +0.23 |
| CHKP Check Point Software Tech | Reduce -1.1% | 10.70% | +0.28 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.0% | 4.59% | +1.11 |
Portfolio Buys Q1 2024 → Q2 2024
| AER Aercap Holdings NV | New | 3.93% | +3.93 |
| GIL Gildan Activewear Inc. | New | 1.42% | +1.42 |
| MGYOY Mol Hungarian Oil-SP ADR | New | 1.29% | +1.29 |
| RXEEY Rexel SA - Unsponsored ADR | New | 1.20% | +1.20 |
| ENGIY Engie-Spon ADR | New | 1.16% | +1.16 |
| ATDRY Autotrader Group PL-Unsp ADR | Add +37.1% | 1.86% | +0.69 |
| RDY Dr. Reddy's Laboratories-ADR | Add +0.0% | 5.81% | +0.39 |
| MSADY Ms&ad Insurance-Unspons ADR | Add +17.0% | 1.71% | +0.01 |
| MBGYY Mercedes-Benz Group-Unsp ADR | Add +7.1% | 1.24% | −0.05 |
| AXAHY AXA -Spons ADR | Add +0.0% | 0.58% | −0.06 |
| CIG Cia Energetica DE-Spon ADR | Add +28.8% | 1.23% | −0.07 |
| NTES Netease Inc.-ADR | Add +0.0% | 4.09% | −0.20 |
| TM Toyota Motor Corp. -Spon ADR | Add +0.0% | 1.42% | −0.27 |
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 |