Ativo Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 12, 2024), Ativo Capital Management LLC reported 50 stock positions worth $114.3 million. Its top holding was Franklin Ftse India ETF (FLIN) at 15.2% of the portfolio, followed by Check Point Software Tech (CHKP, 9.8%) and Icon (ICLR, 6.7%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 5 and reduced 38. The biggest buy was a new position in Franklin Ftse India ETF (FLIN) and the biggest sale an exit from Dr. Reddy's Laboratories-ADR (RDY).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001423065
- Portfolio Value
- $114.3M (Q3 2024)
- SEC Filing
- 0001423065-24-000009 ↗ filed Nov 12, 2024
Holdings Value
Holdings 50 stocks · $114.3M
| FLIN Franklin Ftse India ETF | 15.20% | 414,720 | $17.4M | New |
| CHKP Check Point Software Tech | 9.77% | 57,930 | $11.2M | Reduce -7.5% |
| ICLR Icon PLC | 6.67% | 26,520 | $7.6M | Reduce -4.9% |
| BAP Credicorp Ltd. | 3.46% | 21,840 | $4.0M | No change |
| NTES Netease Inc.-ADR | 3.38% | 41,350 | $3.9M | Reduce -0.0% |
| BABA Alibaba Group Holding-SP ADR | 3.33% | 35,898 | $3.8M | Add +6.5% |
| VIPS Vipshop Holdings Ltd. - ADR | 2.79% | 202,693 | $3.2M | Add +11.5% |
| AER Aercap Holdings NV | 2.55% | 30,760 | $2.9M | Reduce -24.6% |
| TSM Taiwan Semiconductor-SP ADR | 2.34% | 15,432 | $2.7M | Reduce -39.5% |
| RELX Relx PLC - Spon ADR | 1.92% | 46,341 | $2.2M | Reduce -0.4% |
| ATDRY Autotrader Group PL-Unsp ADR | 1.82% | 712,274 | $2.1M | Reduce -0.5% |
| UNCRY Unicredit SPA-ADR | 1.69% | 88,275 | $1.9M | Reduce -14.0% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 1.49% | 157,535 | $1.7M | Reduce -3.6% |
| GIB Cgi Inc. | 1.49% | 14,842 | $1.7M | Reduce -0.4% |
| MSADY Ms&ad Insurance-Unspons ADR filed as MS AND AD INSURANCE GROUP HLDNGS ADR | 1.49% | 73,894 | $1.7M | Reduce -0.5% |
| GIL Gildan Activewear Inc. | 1.49% | 36,055 | $1.7M | Reduce -0.5% |
| ARZGY Assicurazioni Gen-Unspon ADR | 1.45% | 114,850 | $1.7M | Reduce -0.5% |
| MTSUY Mitsubishi Corp. - ADR | 1.41% | 77,760 | $1.6M | Reduce -0.5% |
| ALIZY Allianz SE - Unsp ADR | 1.37% | 47,642 | $1.6M | Reduce -0.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.35% | 12,974 | $1.5M | Reduce -0.4% |
| TGOPY 3I Group PLC-Unspon ADR | 1.31% | 66,529 | $1.5M | Reduce -27.5% |
| KLYCY Kunlun Energy Co. -Unsp ADR | 1.30% | 147,880 | $1.5M | New |
| PETRY Vibra Energia - ADR Unsp | 1.26% | 169,143 | $1.4M | New |
| SMPNY Sompo Japan Nipponkoa-Un ADR filed as SOMPO HLDGS INC ADR | 1.26% | 128,579 | $1.4M | New |
| AXAHY AXA -Spons ADR | 1.25% | 37,152 | $1.4M | Add +117.8% |
| NVS Novartis AG-Sponsored ADR | 1.25% | 12,471 | $1.4M | Reduce -0.6% |
| RY Royal Bank of Canada | 1.25% | 11,476 | $1.4M | Reduce -0.6% |
| DBSDY DBS Group Holdings-Spon ADR | 1.24% | 12,019 | $1.4M | New |
| DSGX The Descartes Systems Grp | 1.23% | 13,710 | $1.4M | Reduce -0.4% |
| CIG Cia Energetica DE-Spon ADR | 1.21% | 673,822 | $1.4M | Reduce -0.6% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 1.20% | 11,829 | $1.4M | Reduce -0.5% |
| ENGIY Engie-Spon ADR | 1.19% | 78,540 | $1.4M | Reduce -0.5% |
| CRARY Credit Agricole SA-Unsp ADR | 1.19% | 178,806 | $1.4M | Reduce -0.5% |
| UL Unilever PLC | 1.19% | 20,880 | $1.4M | Reduce -0.7% |
| SOBKY Softbank Corp.-Unsp ADR | 1.18% | 100,383 | $1.4M | Reduce -0.6% |
| SGBLY Standard Bank Group-Spon ADR | 1.18% | 95,260 | $1.3M | Reduce -0.5% |
| RXEEY Rexel SA - Unsponsored ADR | 1.14% | 45,000 | $1.3M | No change |
| HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC | 1.13% | 28,673 | $1.3M | Reduce -0.6% |
| NRDBY Nordea Bank Abp - Spon ADR | 1.07% | 103,498 | $1.2M | Reduce -0.5% |
| VLVLY Volvo AB-B SHS-Unspon ADR | 1.07% | 46,415 | $1.2M | Reduce -0.5% |
| WF Woori Financial-Spon ADR | 1.07% | 34,087 | $1.2M | Reduce -0.6% |
| TM Toyota Motor Corp. -Spon ADR | 1.05% | 6,703 | $1.2M | Reduce -0.2% |
| MGYOY Mol Hungarian Oil-SP ADR | 1.02% | 307,299 | $1.2M | Add +0.6% |
| PBR Petroleo Brasileiro-Spon ADR | 1.02% | 81,115 | $1.2M | Reduce -15.4% |
| E Eni SPA-Sponsored ADR | 1.00% | 37,611 | $1.1M | Reduce -1.3% |
| MBGYY Mercedes-Benz Group-Unsp ADR | 0.98% | 69,324 | $1.1M | Reduce -0.6% |
| LGGNY Legal & Gen Group -Spon ADR filed as LEGAL AND GEN GROUP SPON ADR | 0.94% | 71,142 | $1.1M | Reduce -0.5% |
| BBSEY BB Seguridade Parti-Spon ADR | 0.93% | 162,727 | $1.1M | Add +79.8% |
| GSK GSK PLC-Spon ADR | 0.84% | 23,615 | $965K | Reduce -0.6% |
| TTE Totalenergies SE -Spon ADR | 0.54% | 9,549 | $617K | Reduce -1.0% |
Portfolio Sells Q2 2024 → Q3 2024
| RDY Dr. Reddy's Laboratories-ADR | Sold out | 0.00% | −5.81 |
| ICLR Icon PLC | Reduce -4.9% | 6.67% | −2.38 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -39.5% | 2.34% | −2.25 |
| STLA Stellantis NV | Sold out | 0.00% | −1.43 |
| AER Aercap Holdings NV | Reduce -24.6% | 2.55% | −1.38 |
| HKHHY Heineken Holding NV-SPN ADR | Sold out | 0.00% | −1.11 |
| CHKP Check Point Software Tech | Reduce -7.5% | 9.77% | −0.93 |
| NTES Netease Inc.-ADR | Reduce -0.0% | 3.38% | −0.71 |
| IMO Imperial Oil Ltd. | Sold out | 0.00% | −0.71 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.4% | 1.35% | −0.57 |
| TGOPY 3I Group PLC-Unspon ADR | Reduce -27.5% | 1.31% | −0.56 |
| PBR Petroleo Brasileiro-Spon ADR | Reduce -15.4% | 1.02% | −0.42 |
| TM Toyota Motor Corp. -Spon ADR | Reduce -0.2% | 1.05% | −0.38 |
| UNCRY Unicredit SPA-ADR | Reduce -14.0% | 1.69% | −0.29 |
| RELX Relx PLC - Spon ADR | Reduce -0.4% | 1.92% | −0.29 |
| MBGYY Mercedes-Benz Group-Unsp ADR | Reduce -0.6% | 0.98% | −0.27 |
| MSADY Ms&ad Insurance-Unspons ADR | Reduce -0.5% | 1.49% | −0.22 |
| NRDBY Nordea Bank Abp - Spon ADR | Reduce -0.5% | 1.07% | −0.22 |
| E Eni SPA-Sponsored ADR | Reduce -1.3% | 1.00% | −0.22 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -3.6% | 1.49% | −0.20 |
| MTSUY Mitsubishi Corp. - ADR | Reduce -0.5% | 1.41% | −0.19 |
| IX Orix - Sponsored ADR | Reduce -0.5% | 1.20% | −0.17 |
| HSBC HSBC Holdings PLC-Spons ADR | Reduce -0.6% | 1.13% | −0.17 |
| VLVLY Volvo AB-B SHS-Unspon ADR | Reduce -0.5% | 1.07% | −0.16 |
| DSGX The Descartes Systems Grp | Reduce -0.4% | 1.23% | −0.15 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.6% | 1.25% | −0.13 |
| TTE Totalenergies SE -Spon ADR | Reduce -1.0% | 0.54% | −0.13 |
| LGGNY Legal & Gen Group -Spon ADR | Reduce -0.5% | 0.94% | −0.12 |
| GSK GSK PLC-Spon ADR | Reduce -0.6% | 0.84% | −0.10 |
| SOBKY Softbank Corp.-Unsp ADR | Reduce -0.6% | 1.18% | −0.09 |
| CRARY Credit Agricole SA-Unsp ADR | Reduce -0.5% | 1.19% | −0.07 |
| WF Woori Financial-Spon ADR | Reduce -0.6% | 1.07% | −0.07 |
| GIB Cgi Inc. | Reduce -0.4% | 1.49% | −0.05 |
| ATDRY Autotrader Group PL-Unsp ADR | Reduce -0.5% | 1.82% | −0.04 |
| ARZGY Assicurazioni Gen-Unspon ADR | Reduce -0.5% | 1.45% | −0.04 |
| CIG Cia Energetica DE-Spon ADR | Reduce -0.6% | 1.21% | −0.02 |
| RY Royal Bank of Canada | Reduce -0.6% | 1.25% | −0.02 |
| UL Unilever PLC | Reduce -0.7% | 1.19% | −0.01 |
| ALIZY Allianz SE - Unsp ADR | Reduce -0.5% | 1.37% | −0.01 |
| SGBLY Standard Bank Group-Spon ADR | Reduce -0.5% | 1.18% | +0.02 |
| ENGIY Engie-Spon ADR | Reduce -0.5% | 1.19% | +0.03 |
| GIL Gildan Activewear Inc. | Reduce -0.5% | 1.49% | +0.06 |
Portfolio Buys Q2 2024 → Q3 2024
| FLIN Franklin Ftse India ETF | New | 15.20% | +15.20 |
| KLYCY Kunlun Energy Co. -Unsp ADR | New | 1.30% | +1.30 |
| PETRY Vibra Energia - ADR Unsp | New | 1.26% | +1.26 |
| SMPNY Sompo Japan Nipponkoa-Un ADR | New | 1.26% | +1.26 |
| DBSDY DBS Group Holdings-Spon ADR | New | 1.24% | +1.24 |
| BABA Alibaba Group Holding-SP ADR | Add +6.5% | 3.33% | +0.82 |
| AXAHY AXA -Spons ADR | Add +117.8% | 1.25% | +0.68 |
| BBSEY BB Seguridade Parti-Spon ADR | Add +79.8% | 0.93% | +0.37 |
| VIPS Vipshop Holdings Ltd. - ADR | Add +11.5% | 2.79% | +0.34 |
| MGYOY Mol Hungarian Oil-SP ADR | Add +0.6% | 1.02% | −0.26 |
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 |