Ativo Capital Management LLC
Long book
$115.0M
Q1 2026
Positions
55
Top-10 weight
37%
concentration
Last quarter
+7.6%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsAtivo Capital Management LLC is a diversified fundamental manager, running a $115.0M US long book across 55 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TAIWAN SEMICONDUCTOR-SP ADR, CREDICORP LTD, AERCAP HOLDINGS NV, YUM CHINA HOLDINGS INC, FRANKLIN FTSE INDIA ETF.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.1%
Q2 2024
+6.3%
Q3 2024
-7.9%
Q4 2024
+9.3%
Q1 2025
+10.4%
Q2 2025
+5.8%
Q3 2025
+3.1%
Q4 2025
+1.9%
Q1 2026
+7.6%
Sector allocation
Financials 31%
Services media 17%
Other 17%
Materials 16%
Consumer discretionary 15%
Industrials 5%
Long book by quarter
What does Ativo Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BAP CREDICORP LTD | Financials | 18.9K | $6.4M | 5.6% | -12.4% |
| AER AERCAP HOLDINGS NV | Services media | 41.7K | $5.7M | 5.0% | +5.8% |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 101.3K | $4.9M | 4.3% | -1.7% |
| B BARRICK MINING CORP | Materials | 66.8K | $2.7M | 2.4% | +19.3% |
| AEM AGNICO EAGLE MINES LTD | Materials | 12.6K | $2.6M | 2.2% | 0.0% |
| RY ROYAL BANK OF CANADA | Financials | 13.1K | $2.1M | 1.8% | +31.4% |
| LUGDF LUNDIN GOLD INC | — | 26.8K | $2.0M | 1.8% | 0.0% |
| TD TORONTO-DOMINION BANK | Financials | 19.3K | $1.8M | 1.6% | 0.0% |
| CPW CHECK POINT SOFTWARE TECH | — | 12.5K | $1.8M | 1.6% | -65.7% |
| GIL GILDAN ACTIVEWEAR INC | Other | 31.2K | $1.7M | 1.5% | Held |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 1.2K | $1.6M | 1.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 55 | $115.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 55 | $114.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 57 | $118.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 56 | $111.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 54 | $116.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 51 | $100.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 50 | $114.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 49 | $96.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 51 | $99.7M | canonical | SEC ↗ |
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