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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
151 CIVISTA BANCSHARES INC 69,612 987,000 0.23%
152 Nova Measuring Instruments Ltd 83,436 986,000 0.23%
153 iRadimed Corp 57,747 981,000 0.23%
154 Xerium Technologies Inc 122,532 974,000 0.22%
155 Sequential Brnds Group Inc 120,331 963,000 0.22%
156 STONEGATE BANK 28,409 959,000 0.22%
157 Enterprise Finl Svcs Corp 30,509 953,000 0.22%
158 RPX CORPORATION 89,018 952,000 0.22%
159 LAKELAND FINL CORP 26,822 950,000 0.22%
160 PETMED EXPRESS INC 46,460 942,000 0.22%
161 Reis, Inc 45,387 929,000 0.21%
162 Fly Leasing Ltd Sp ADR 79,818 925,000 0.21%
163 KFORCE INC COM 45,108 924,000 0.21%
164 NeoPhotonics Corporation 56,320 920,000 0.21%
165 Mesa Laboratories Inc 8,020 917,000 0.21%
166 OMEGA FLEX INC 23,740 915,000 0.21%
167 HINGHAM INSTN SVGS MASS 6,556 908,000 0.21%
168 LHC Group Inc 24,406 900,000 0.21%
169 LIONBRIDGE TECHNOLOGIES ORD 179,550 898,000 0.21%
170 BRYN MAWR BK CORP 28,022 896,000 0.21%
171 BIOSPECIFICS TECHNOLOGIES CO 19,592 895,000 0.21%
172 EMC INS GROUP INC COM 33,170 893,000 0.21%
173 Landmark Bancorp Inc 33,664 892,000 0.21%
174 SPAN AMER MED SYS INC 48,201 886,000 0.20%
175 HCI GROUP INC 29,027 881,000 0.20%
176 West Bancorporation Inc Cap St 44,322 869,000 0.20%
177 KINGSTONE COS INC 93,827 866,000 0.20%
178 TRANSCAT INC COM 78,685 861,000 0.20%
179 BANK MARIN BANCORP 17,129 852,000 0.20%
180 NATIONAL PRESTO INDS INC COM 9,603 843,000 0.19%
181 HDFC Bank Ltd ADR Reps 3 11,692 841,000 0.19%
182 Resources Connection Inc 56,211 840,000 0.19%
183 NCI Inc Cl A 72,334 837,000 0.19%
184 FINANCIAL INSTNS INC 30,835 836,000 0.19%
185 GOLUB CAPITAL BDC 44,953 835,000 0.19%
186 Trico Bancshs Chico 31,022 830,000 0.19%
187 INFOSYS LTD 52,154 823,000 0.19%
188 ALMOST FAMILY INC COM 22,306 820,000 0.19%
189 GRAY TELEVISION INC COM 78,998 818,000 0.19%
190 G P STRATEGIES CORP 32,485 800,000 0.18%
191 Mcbc Holdings Inc 70,018 798,000 0.18%
192 ACNB CORP 30,004 798,000 0.18%
193 MULTI COLOR CORP COM 12,048 795,000 0.18%
194 Diamond Hill Investment Group 4,301 795,000 0.18%
195 NEW YORK MORTGAGE TRUST INC COM 131,134 789,000 0.18%
196 CITY HLDG CO COM 15,667 788,000 0.18%
197 BANCO DE CHILE 11,696 787,000 0.18%
198 Penns Woods Bancorp Inc 17,085 760,000 0.18%
199 ALLIED MOTION TECHNOLOGIES 39,457 746,000 0.17%
200 DONEGAL GROUP INC 46,007 741,000 0.17%
Page 4 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.