Q2 2026 13F · SEC CIK 1423065

Ativo Capital Management LLC

Institutional asset managerFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $130.6M
Reported positions: 56
Top holdings a year, 3 yrs: +9.0%
Assets under management: $862.7M

Ativo Capital Management LLC is an institutional asset manager that reported 56 positions worth $130.6M in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Taiwan Semiconductor Manufac (TSM, 9.7%), Aercap Holdings NV (AER, 7.0%), Credicorp Ltd. (BAP, 5.6%). 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 56 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 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	Q1 2026	Shares	Share change	Reported value
TSMTaiwan Semiconductor Manufac	9.7%	5.7%	26,463	+37.2%	$12.6M
AERAercap Holdings NV	7.0%	5.0%	62,518	+49.8%	$9.1M
BAPCredicorp Ltd.	5.6%	5.6%	18,710	-0.8%	$7.3M
HTHTH World Group Ltd	4.3%	—	135,910	—	$5.7M
NTESNetEase Inc	3.6%	3.5%	36,800	+1.2%	$4.7M
FLINFranklin Ftse India ETF	3.5%	3.8%	130,120	+0.0%	$4.6M
YUMCYum China Hldgs Inc	3.2%	4.3%	100,960	-0.4%	$4.1M
ASMLAsml Hldg NV	2.6%	1.4%	1,696	+41.2%	$3.4M
ATEYYAdvantest Corp Sp ADR	2.2%	1.4%	13,637	+14.3%	$2.8M
RYRoyal Bank of Canada	2.1%	1.8%	13,041	-0.1%	$2.7M
BBVXFBanco Bilbao Vizcaya Argenta	2.0%	1.9%	101,890	-0.9%	$2.6M
BBarrick Mng Corp	1.9%	2.4%	68,202	+2.2%	$2.5M
NVSNovartis AG	1.9%	2.1%	15,609	-1.4%	$2.4M
TDToronto Dominion Bank	1.8%	1.6%	19,265	-0.1%	$2.3M
DBSDYDBS Group Holdings Ltd Sp ADR	1.6%	1.6%	10,427	-0.0%	$2.1M
SMPNYSompo Holdings Inc ADR	1.6%	2.4%	109,247	-21.5%	$2.1M
ABBNYAbb Ltd Sponsored Adr	1.6%	1.6%	18,835	-16.8%	$2.0M
BTIBritish Amern Tob PLC	1.5%	1.6%	32,322	-0.0%	$2.0M
WHGLYWh Group Ltd Sp Adr	1.5%	2.1%	92,650	+0.1%	$2.0M
AEMAgnico Eagle Mines Ltd	1.5%	2.2%	12,599	+0.0%	$2.0M
IXOrix Corp	1.5%	1.3%	51,144	-0.0%	$1.9M
ALIZYAllianz SE Unsponsrd ADS	1.5%	1.5%	41,216	+0.0%	$1.9M
UNCRYUniCredit SpA Unsponsord ADR	1.5%	1.3%	42,441	-0.0%	$1.9M
SBSBasic Sanitation Company of the State of	1.4%	1.7%	327,423	+399.9%	$1.9M
AGESYAgeas Sp ADR Ne	1.4%	1.5%	23,011	-0.0%	$1.9M
ENGIYEngie SA Sp ADR	1.4%	1.9%	57,337	-15.5%	$1.8M
IPSEYIpsen Sa Sp Adr	1.4%	1.6%	38,753	-0.0%	$1.8M
CIGCia Energetica de Minas Gerais	1.3%	1.7%	808,007	-0.6%	$1.7M
NRDBYNordea Bank Abp MTN Sp ADS	1.3%	1.3%	89,574	-0.0%	$1.7M
IDEXYIndustrial De Diseno Textil In	1.3%	—	107,032	—	$1.7M
TSCDYTesco Plc Sp Adr	1.2%	1.5%	88,537	+0.1%	$1.6M
MKTAYMakita Corp Sp ADR	1.2%	1.3%	45,002	-0.0%	$1.6M
AXAHYAXA SA Sp ADR	1.2%	1.3%	32,076	-0.0%	$1.6M
QBIEYQbe Ins Group Ltd	1.2%	1.2%	91,497	-0.0%	$1.6M
CRARYCredit Agricole SA ADR	1.2%	1.2%	154,438	+0.0%	$1.5M
PROSYProsus NV -Spon ADR	1.2%	1.4%	176,339	+0.2%	$1.5M
DNBBYDnb Bank Asa Sponsored	1.2%	1.4%	51,397	+0.0%	$1.5M
GILGildan Activewear Inc	1.1%	1.5%	28,312	-9.3%	$1.5M
LUGDFLundin Gold Inc	1.1%	1.8%	26,729	-0.1%	$1.4M
ARZGYAssicurazioni Generali Spa Uns	1.1%	1.3%	58,651	-22.5%	$1.4M
ASRGrupo Aeroportuario del Surest	1.1%	1.3%	4,522	+0.0%	$1.4M
KGCKinross Gold Corp	1.1%	—	58,295	—	$1.4M
KMTUYKomatsu Ltd Sp Adr New	1.0%	1.6%	35,063	-23.4%	$1.4M
MSADYMS&AD Ins Group Holdings ADR	1.0%	1.2%	52,137	-0.0%	$1.4M
VLVLYVolvo Ab Unsponsord ADR	1.0%	1.5%	40,025	-26.0%	$1.4M
BVNCompania de Minas Buenaventu	1.0%	—	46,082	—	$1.3M
HMYHarmony Gold Mng Ltd Fsponsored ADR	1.0%	1.2%	86,460	-0.0%	$1.3M
INGIng Groep N.v.	1.0%	—	41,776	—	$1.3M
ULUnilever PLC	1.0%	1.1%	21,207	+0.0%	$1.3M
FJTSYFujitsu Ltd Unsponsored Adr	0.9%	1.0%	58,025	+0.0%	$1.2M

What Ativo Capital Management LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 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 and rebuilt each quarter on the day the filing became public. 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
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
Q3 2023	$88.5M	53

Questions about Ativo Capital Management LLC's portfolio

What stocks does Ativo Capital Management LLC own?

Ativo Capital Management LLC's latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 56 positions worth $130.6M. The largest are Taiwan Semiconductor Manufac (TSM) at 9.7%, Aercap Holdings NV (AER) at 7.0%, Credicorp Ltd. (BAP) at 5.6%, H World Group Ltd (HTHT) at 4.3% and NetEase Inc (NTES) at 3.6%.

What did Ativo Capital Management LLC buy last quarter?

In Q2 2026, Ativo Capital Management LLC added Basic Sanitation Company of the State of (SBS) (+399.9% shares), Aercap Holdings NV (AER) (+49.8% shares) and Asml Hldg NV (ASML) (+41.2% shares), compared with its Q1 2026 filing.

What did Ativo Capital Management LLC sell last quarter?

In Q2 2026, Ativo Capital Management LLC cut from its top 50 Eni Spa (E), cut from its top 50 Woori Financial (WF), cut from its top 50 Check Point Software Tech Lt (CHKP), cut from its top 50 Kunlun Energy Company Ltd Unsp (KLYCY), cut from its top 50 3I Group Plc Unsponsord Adr (TGOPY), Volvo Ab Unsponsord ADR (VLVLY) (-26.0% shares), Komatsu Ltd Sp Adr New (KMTUY) (-23.4% shares) and Assicurazioni Generali Spa Uns (ARZGY) (-22.5% shares), compared with its Q1 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 Sep 30, 2026 is due by Nov 14, 2026; 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 $130.6M.