1y return+13.5%S&P 500 +20.9%
3y return+43.8%S&P 500 +68.5%
5y return+32.7%S&P 500 +74.5%
10y return+127.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $227 against $357 in the S&P 500.2
Ativo Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TSMTaiwan Semiconductor Mfg Ltd S | $12.6M | 9.7% | +37.2% |
| AerCap Holdings NVCUSIP N00985106 | $9.1M | 7.0% | +49.8% |
| Credicorp LtdCUSIP G2519Y108 | $7.3M | 5.6% | |
| HTHTHuazhu Group Ltd Sponsored Ads | $5.7M | 4.3% | New |
| NTESNetease Inc Sp ADR | $4.7M | 3.6% | +1.2% |
| FLINFranklin Templeton ETF Tr Fran | $4.6M | 3.5% | |
| YUMCYum China Holdings Inc | $4.1M | 3.2% | |
| ASML Holding NV NY RegistryCUSIP N07059210 | $3.4M | 2.6% | +41.2% |
| ATEYYAdvantest Corp Sp ADR | $2.8M | 2.2% | +14.3% |
| RYRoyal Bank of Canada Montreal | $2.7M | 2.1% | |
| BBVABanco Bilbao Vizcaya Argentari | $2.6M | 2.0% | |
| BBarrick Mining Corporation | $2.5M | 1.9% | +2.2% |
| NVSNovartis AG Sp ADR | $2.4M | 1.9% | −1.4% |
| TDToronto Dominion Bank Ont | $2.3M | 1.8% | |
| DBSDYDBS Group Holdings Ltd Sp ADR | $2.1M | 1.6% | |
| SMPNYSompo Holdings Inc ADR | $2.1M | 1.6% | −21.5% |
| ABBNYAbb Ltd Sp Adr | $2.0M | 1.6% | −16.8% |
| BTIBritish American Tobacco PLC S | $2.0M | 1.5% | |
| WHGLYWh Group Ltd Sp Adr | $2.0M | 1.5% | |
| AEMAgnico Eagle Mines Ltd | $2.0M | 1.5% | |
| IXORIX Corp Sp ADR | $1.9M | 1.5% | |
| ALIZYAllianz SE Unsponsrd ADS | $1.9M | 1.5% | |
| UNCRYUniCredit SpA Unsponsord ADR | $1.9M | 1.5% | |
| SBSCompanhia de Saneamento Basico | $1.9M | 1.4% | |
| AGESYAgeas Sp ADR Ne | $1.9M | 1.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semiconductor Mfg Ltd S | June 30, 2020 | +741.2% | $12.6M |
| UNCRYUniCredit SpA Unsponsord ADR | June 30, 2023 | +285.6% | $1.9M |
| BBVABanco Bilbao Vizcaya Argentari | June 30, 2023 | +226.3% | $2.6M |
| RYRoyal Bank of Canada Montreal | June 30, 2020 | +205.3% | $2.7M |
| Credicorp LtdCUSIP G2519Y108 | December 31, 2022 | +187.2% | $7.3M |
| ENGIYEngie SA Sp ADR | June 30, 2024 | +121.2% | $1.8M |
| ABBNYAbb Ltd Sp Adr | March 31, 2025 | +108.5% | $2.0M |
| ALIZYAllianz SE Unsponsrd ADS | September 30, 2023 | +98.1% | $1.9M |
| ARZGYAssicurazioni Generali Spa Uns | March 31, 2024 | +92.6% | $1.4M |
| IXORIX Corp Sp ADR | March 31, 2022 | +90.5% | $1.9M |
Sold off last quarter
- WFWoori Financial Group Inc Sp A was $1.8M
- Check Point Software Tech LtdCUSIP M22465104 was $1.8M
- KLYCYKunlun Energy Company Ltd Unsp was $1.4M
- TGOPY3I Group Plc Unsponsord Adr was $1.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.1% | +14.8% |
| March 31, 2026 | −0.4% | −4.6% |
| December 31, 2025 | +2.3% | +2.4% |
| September 30, 2025 | +4.9% | +7.8% |
| June 30, 2025 | +7.1% | +10.5% |
| March 31, 2025 | +10.0% | −4.6% |
| December 31, 2024 | −7.7% | +2.1% |
| September 30, 2024 | +6.9% | +5.4% |
| June 30, 2024 | −3.4% | +4.0% |
| March 31, 2024 | +4.8% | +10.0% |
| December 31, 2023 | +9.2% | +11.2% |
| September 30, 2023 | −1.4% | −3.6% |
| June 30, 2023 | −0.0% | +8.3% |
| March 31, 2023 | +10.0% | +7.0% |
| December 31, 2022 | +10.6% | +7.1% |
| September 30, 2022 | −8.5% | −5.3% |
| June 30, 2022 | −16.8% | −16.5% |
| March 31, 2022 | −8.2% | −4.9% |
| December 31, 2021 | +7.9% | +10.7% |
| September 30, 2021 | +0.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ativo Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1423065&type=13F-HR&dateb=&owner=include&count=40CIK 1423065
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1423065/000142306526000006/Filed August 10, 2026 · accession 0001423065-26-000006