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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 (2016Q3)
Portfolio Summary: 216 holdings with a total value of $432,922,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 OMEGA FLEX INC 23,740 915,000 0.21%
52 Mesa Laboratories Inc 8,020 917,000 0.21%
53 NeoPhotonics Corporation 56,320 920,000 0.21%
54 KFORCE INC COM 45,108 924,000 0.21%
55 Fly Leasing Ltd Sp ADR 79,818 925,000 0.21%
56 Reis, Inc 45,387 929,000 0.21%
57 PETMED EXPRESS INC 46,460 942,000 0.22%
58 LAKELAND FINL CORP 26,822 950,000 0.22%
59 RPX CORPORATION 89,018 952,000 0.22%
60 Enterprise Finl Svcs Corp 30,509 953,000 0.22%
61 STONEGATE BANK 28,409 959,000 0.22%
62 Sequential Brnds Group Inc 120,331 963,000 0.22%
63 Xerium Technologies Inc 122,532 974,000 0.22%
64 iRadimed Corp 57,747 981,000 0.23%
65 Nova Measuring Instruments Ltd 83,436 986,000 0.23%
66 CIVISTA BANCSHARES INC 69,612 987,000 0.23%
67 UTAH MED PRODS INC 16,525 988,000 0.23%
68 AMERICAN SOFTWARE CL A CLASS A 89,758 996,000 0.23%
69 UNITY BANCORP INC 77,654 996,000 0.23%
70 Mainsource Financial Group 40,011 998,000 0.23%
71 Xinyuan Real Estate Co Ltd Sp 158,198 1,000,000 0.23%
72 EPLUS INC COM 10,703 1,010,000 0.23%
73 ARROW FINL CORP 30,907 1,015,000 0.23%
74 WASHINGTON TR BANCORP COM 25,370 1,020,000 0.24%
75 CENTURY CMNTYS INC COM 48,411 1,041,000 0.24%
76 CRH Medical Corp 275,076 1,048,000 0.24%
77 Ani Pharmaceuticals Inc 15,805 1,049,000 0.24%
78 Ardmore Shipping Corp 149,135 1,050,000 0.24%
79 P T TELEKOMUNIKASI INDONESIA 16,014 1,058,000 0.24%
80 Pzena Investment Mgmt Inc Clas 137,895 1,062,000 0.25%
81 ACCESS NATL CORP COM 44,808 1,071,000 0.25%
82 Armada Hoffler Properties Inc 81,380 1,090,000 0.25%
83 Nv5 Global Inc 33,829 1,093,000 0.25%
84 STOCK YDS BANCORP INC 33,659 1,109,000 0.26%
85 CBIZ INC 99,552 1,114,000 0.26%
86 WIPRO LTD 115,214 1,119,000 0.26%
87 INSTEEL INDUSTRIES 31,008 1,124,000 0.26%
88 SUCAMPO PHARMACEUTICALS INCORPORATED CLASS A 92,023 1,133,000 0.26%
89 UNIVEST FINANCIAL CORPORATIO 48,613 1,136,000 0.26%
90 CVS HEALTH CORP 12,772 1,137,000 0.26%
91 DHI GROUP INC 144,305 1,139,000 0.26%
92 Ies Holdings Inc 64,017 1,139,000 0.26%
93 U.S. Physical Therapy Inc 18,253 1,144,000 0.26%
94 ADR AMBEV SA SPONSORED ADR 188,404 1,147,000 0.26%
95 Banco Macro SA Sp ADR B 14,819 1,160,000 0.27%
96 Medifast Inc 31,008 1,172,000 0.27%
97 Perficient Inc 58,242 1,174,000 0.27%
98 Nautilus Inc 51,814 1,177,000 0.27%
99 SPARK ENERGY INC 40,510 1,180,000 0.27%
100 WNS Holdings Ltd Sp ADR 39,443 1,181,000 0.27%
Page 2 of 5

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001423065-16-000024, filed 2016.11.14).

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.