ATIVO CAPITAL MANAGEMENT LLC

PrivateCIK: 1423065

Location

CHICAGO, IL

Positions

$114.95M

Total AUM (reported)

3.87M

Total Shares

Allocation by class

ADR$73.49M63.9%

COM$37.14M32.3%

ETF$4.32M3.8%

Portfolio Concentration

Top 3$18.64M16.2%

4–10$24.42M21.2%

11–25$30.19M26.3%

Rest$41.70M36.3%

Top 3 weight

16.2%

Top 10 weight

37.5%

Voting Authority Distribution

Total shares with voting rights: 3.87M

Sole

Full voting authority

3.17M

% of voting shares81.9%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

702.46K

% of voting shares18.1%

Investment Discretion (by position count)

Sole55

Shared0

Other0

Dominant voting typeSole · 81.9% of voting shares

Institutional Holdings55

Rows:

Taiwan Semiconductor Mfg Ltd S

SOLE

ADR

Shares19.28K

TypeSH

Market value$6.52M

5.67%

Sole

12.64K

Shared

0.00

None

6.64K

Credicorp Ltd

SOLE

COM

Shares18.87K

TypeSH

Market value$6.40M

5.57%

Sole

3.64K

Shared

0.00

None

15.23K

AerCap Holdings NV

SOLE

COM

Shares41.72K

TypeSH

Market value$5.72M

4.98%

Sole

15.42K

Shared

0.00

None

26.31K

Yum China Holdings Inc

SOLE

COM

Shares101.32K

TypeSH

Market value$4.94M

4.30%

Sole

19.30K

Shared

0.00

None

82.02K

Franklin Templeton ETF Tr Fran

SOLE

ETF

Shares130.12K

TypeSH

Market value$4.32M

3.76%

Sole

0.00

Shared

0.00

None

130.12K

Netease Inc Sp ADR

SOLE

ADR

Shares36.37K

TypeSH

Market value$4.07M

3.54%

Sole

6.97K

Shared

0.00

None

29.40K

ENI SPA Sp ADR

SOLE

COM

Shares54.58K

TypeSH

Market value$3.09M

2.69%

Sole

42.28K

Shared

0.00

None

12.30K

Barrick Mining Corporation

SOLE

COM

Shares66.76K

TypeSH

Market value$2.72M

2.37%

Sole

55.80K

Shared

0.00

None

10.95K

Sompo Holdings Inc ADR

SOLE

ADR

Shares139.25K

TypeSH

Market value$2.71M

2.36%

Sole

111.03K

Shared

0.00

None

28.21K

Agnico Eagle Mines Ltd

SOLE

COM

Shares12.60K

TypeSH

Market value$2.56M

2.22%

Sole

12.58K

Shared

0.00

None

20.00

Wh Group Ltd Sp Adr

SOLE

ADR

Shares92.57K

TypeSH

Market value$2.42M

2.11%

Sole

71.38K

Shared

0.00

None

21.19K

Novartis AG Sp ADR

SOLE

ADR

Shares15.83K

TypeSH

Market value$2.42M

2.10%

Sole

12.48K

Shared

0.00

None

3.35K

Engie SA Sp ADR

SOLE

ADR

Shares67.85K

TypeSH

Market value$2.23M

1.94%

Sole

67.72K

Shared

0.00

None

137.00

Banco Bilbao Vizcaya Argentari

SOLE

COM

Shares102.79K

TypeSH

Market value$2.23M

1.94%

Sole

79.52K

Shared

0.00

None

23.27K

Royal Bank of Canada Montreal

SOLE

COM

Shares13.06K

TypeSH

Market value$2.11M

1.84%

Sole

9.80K

Shared

0.00

None

3.25K

Lundin Gold Inc

SOLE

COM

Shares26.75K

TypeSH

Market value$2.04M

1.77%

Sole

26.72K

Shared

0.00

None

33.00

Companhia de Saneamento Basico

SOLE

ADR

Shares65.49K

TypeSH

Market value$2.00M

1.74%

Sole

65.31K

Shared

0.00

None

182.00

Cia Energetica de Minas Gerais

SOLE

ADR

Shares812.52K

TypeSH

Market value$1.94M

1.69%

Sole

577.67K

Shared

0.00

None

234.84K

British American Tobacco PLC S

SOLE

ADR

Shares32.33K

TypeSH

Market value$1.89M

1.64%

Sole

32.26K

Shared

0.00

None

70.00

DBS Group Holdings Ltd Sp ADR

SOLE

ADR

Shares10.43K

TypeSH

Market value$1.87M

1.63%

Sole

10.41K

Shared

0.00

None

24.00

Woori Financial Group Inc Sp A

SOLE

ADR

Shares27.53K

TypeSH

Market value$1.83M

1.59%

Sole

27.48K

Shared

0.00

None

50.00

Abb Ltd Sp Adr

SOLE

ADR

Shares22.64K

TypeSH

Market value$1.82M

1.59%

Sole

22.61K

Shared

0.00

None

30.00

Toronto Dominion Bank Ont

SOLE

COM

Shares19.28K

TypeSH

Market value$1.80M

1.56%

Sole

19.23K

Shared

0.00

None

46.00

Komatsu Ltd Sp Adr New

SOLE

ADR

Shares45.75K

TypeSH

Market value$1.80M

1.56%

Sole

45.75K

Shared

0.00

None

0.00

Ipsen Sa Sp Adr

SOLE

ADR

Shares38.76K

TypeSH

Market value$1.79M

1.56%

Sole

38.70K

Shared

0.00

None

59.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Taiwan Semiconductor Mfg Ltd SSOLE	ADR	19.28K	SH	$6.52M 5.67%	12.64K	6.64K
Credicorp LtdSOLE	COM	18.87K	SH	$6.40M 5.57%	3.64K	15.23K
AerCap Holdings NVSOLE	COM	41.72K	SH	$5.72M 4.98%	15.42K	26.31K
Yum China Holdings IncSOLE	COM	101.32K	SH	$4.94M 4.30%	19.30K	82.02K
Franklin Templeton ETF Tr FranSOLE	ETF	130.12K	SH	$4.32M 3.76%	0.00	130.12K
Netease Inc Sp ADRSOLE	ADR	36.37K	SH	$4.07M 3.54%	6.97K	29.40K
ENI SPA Sp ADRSOLE	COM	54.58K	SH	$3.09M 2.69%	42.28K	12.30K
Barrick Mining CorporationSOLE	COM	66.76K	SH	$2.72M 2.37%	55.80K	10.95K
Sompo Holdings Inc ADRSOLE	ADR	139.25K	SH	$2.71M 2.36%	111.03K	28.21K
Agnico Eagle Mines LtdSOLE	COM	12.60K	SH	$2.56M 2.22%	12.58K	20.00
Wh Group Ltd Sp AdrSOLE	ADR	92.57K	SH	$2.42M 2.11%	71.38K	21.19K
Novartis AG Sp ADRSOLE	ADR	15.83K	SH	$2.42M 2.10%	12.48K	3.35K
Engie SA Sp ADRSOLE	ADR	67.85K	SH	$2.23M 1.94%	67.72K	137.00
Banco Bilbao Vizcaya ArgentariSOLE	COM	102.79K	SH	$2.23M 1.94%	79.52K	23.27K
Royal Bank of Canada MontrealSOLE	COM	13.06K	SH	$2.11M 1.84%	9.80K	3.25K
Lundin Gold IncSOLE	COM	26.75K	SH	$2.04M 1.77%	26.72K	33.00
Companhia de Saneamento BasicoSOLE	ADR	65.49K	SH	$2.00M 1.74%	65.31K	182.00
Cia Energetica de Minas GeraisSOLE	ADR	812.52K	SH	$1.94M 1.69%	577.67K	234.84K
British American Tobacco PLC SSOLE	ADR	32.33K	SH	$1.89M 1.64%	32.26K	70.00
DBS Group Holdings Ltd Sp ADRSOLE	ADR	10.43K	SH	$1.87M 1.63%	10.41K	24.00
Woori Financial Group Inc Sp ASOLE	ADR	27.53K	SH	$1.83M 1.59%	27.48K	50.00
Abb Ltd Sp AdrSOLE	ADR	22.64K	SH	$1.82M 1.59%	22.61K	30.00
Toronto Dominion Bank OntSOLE	COM	19.28K	SH	$1.80M 1.56%	19.23K	46.00
Komatsu Ltd Sp Adr NewSOLE	ADR	45.75K	SH	$1.80M 1.56%	45.75K	0.00
Ipsen Sa Sp AdrSOLE	ADR	38.76K	SH	$1.79M 1.56%	38.70K	59.00

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