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Institutional Investment Manager
Ativo Capital Management LLC
Ativo Capital Management LLC (CIK: 0001423065) incorporated in Delaware, located at 120 N Lasalle Street, Chicago, IL. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 225 holdings with a total value of $283,947,000.
#
Name
Shares
Value ($)
%
Options
Notes
101 ENZON PHARMACEUTICALS INC 416,564 575,000 0.20% SH
102 APOLLO COML REAL EST FIN INC 33,967 573,000 0.20% SH
103 HCI GROUP INC 13,949 572,000 0.20% SH
104 STOCK YDS BANCORP INC 15,508 571,000 0.20% SH
105 AMBEV SA 102,182 569,000 0.20% SH
106 LIONBRIDGE TECHNOLOGIES ORD 92,452 559,000 0.20% SH
107 NOBILIS HEALTH CORP COM 94,537 557,000 0.20% SH
108 FCB Financial Holdings Inc 46,859 557,000 0.20% SH
109 MAINSOURCE FINANCIAL GP INC 25,112 555,000 0.20% SH
110 REIS INC 22,523 554,000 0.20% SH
111 ARMANINO FOODS OF DISTINCTION INC 239,844 552,000 0.19% SH
112 ALMOST FAMILY INC COM 11,407 552,000 0.19% SH
113 DICE HOLDINGS INC 68,005 548,000 0.19% SH
114 WIPRO LIMITED SPON ADR 1 SH 43,790 548,000 0.19% SH
115 RPX CORP 36,322 548,000 0.19% SH
116 PZENA INVESTMENT MGMT INC CLASS A 51,618 547,000 0.19% SH
117 MULTI COLOR CORP COM 8,363 543,000 0.19% SH
118 West Bancorporation Inc 27,925 542,000 0.19% SH
119 WAYSIDE TECHNOLOGY GROUP INC 30,424 539,000 0.19% SH
120 Rand Worldwide Inc 254,977 535,000 0.19% SH
121 PERFICIENT INC COM 31,917 530,000 0.19% SH
122 WSFS FINL CORPORATION 18,609 528,000 0.19% SH
123 STONEGATE BANK 17,109 525,000 0.18% SH
124 INFUSYSTEM HLDGS INC 166,916 524,000 0.18% SH
125 GLOBANT S A 16,490 524,000 0.18% SH
126 FINANCIAL INSTNS INC 21,637 524,000 0.18% SH
127 FACTSET RESH SYS INC 3,080 521,000 0.18% SH
128 CITY HLDG CO COM 10,817 520,000 0.18% SH
129 SUPERIOR UNIFORM GP INC COM 29,821 520,000 0.18% SH
130 DIAMOND HILL INVT GROUP INC 2,701 519,000 0.18% SH
131 NATIONAL PRESTO INDS INC COM 6,403 519,000 0.18% SH
132 REX AMERICAN RES CORP COM 10,005 517,000 0.18% SH
133 WESTWOOD HOLDINGS CORP 8,646 515,000 0.18% SH
134 ANI PHARMACEUTICALS INC 9,204 513,000 0.18% SH
135 HERITAGE INS HLDGS INC COM 24,312 512,000 0.18% SH
136 Dycom Industries Inc 17,309 510,000 0.18% SH
137 MIND C T I LTD 172,577 509,000 0.18% SH
138 SOUTHSIDE BANCSHARES INC 18,348 507,000 0.18% SH
139 ALLIED MOTION TECHNOLOGIES 26,256 505,000 0.18% SH
140 AMSURG CORP 5,972 505,000 0.18% SH
141 BRYN MAWR BK CORP 17,424 504,000 0.18% SH
142 STRATTEC SEC CORP 7,385 504,000 0.18% SH
143 ENGHOUSE SYSTEMS LTD 12,200 502,000 0.18% SH
144 FLY LEASING LIMITED SPONSORED ADR 34,856 502,000 0.18% SH
145 LAKELAND FINL CORP 11,734 501,000 0.18% SH
146 FEDERATED NATL HLDG CO COM 20,135 498,000 0.18% SH
147 PARTNERRE LTD 3,600 497,000 0.18% SH
148 GRAY TELEVISION INC COM 34,310 497,000 0.18% SH
149 COMPUTER SVCS INC 11,770 494,000 0.17% SH
150 RADIANT LOGISTICS INC 79,995 494,000 0.17% SH
Page 3 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001423065-15-000008, filed 2015.08.13).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.