ATIVO CAPITAL MANAGEMENT LLC Information

120 N LASALLE STREET, CHICAGO, Illinois, 60602, (312) 263-7600

Report Date: 12/31/2014

Position Statistics

Total Positions 249
New Positions 64
Increased Positions 117
Decreased Positions 105
Positions with Activity 222
Sold Out Positions 25
Total Mkt Value (in $ millions) 253

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 2.53%
Capital Goods 9.62%
Conglomerates 0%
Consumer Cyclical 5.08%
Consumer/Non-Cyclical 4.58%
Energy 2.64%
Financial 12.38%
Healthcare 17.09%
Services 19.08%
Technology 21.99%
Transportation 0.44%
Utilities 2.51%

117 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
NATIONAL RESH CORP CL B 639 64 11.05 19,619
CIPHER PHARMACEUTICALS INC COM 631 631 New 53,585
ENGHOUSE SYS LTD COM 611 611 New 16,500
INTEGRATED SILICON SOLUTION COM 603 34 5.92 36,085
KADANT INC COM 600 28 4.83 13,033
NETEASE INC SPONSORED ADR 594 594 New 6,121
WINMARK CORP COM 590 .01 7,313
ENSIGN GROUP INC COM 565 1 .13 12,707
WORLD ACCEP CORP DEL COM 554 24 4.61 6,815
RAND WORLDWIDE INC COM 552 552 New 266,477
DTS INC COM 548 548 New 16,438
ALLIANCE FIBER OPTIC PRODS INC COM NEW 545 69 14.38 31,893
ESCALADE INC COM 541 33 6.42 34,807
LIONBRIDGE TECHNOLOGIES INC COM 538 64 13.56 92,614
ARMANINO FOODS DISTINCTION INC COM NO PAR NEW 535 535 New 255,944
PENNANTPARK INVT CORP COM 522 77 17.40 54,049
WESTWOOD HLDGS GROUP INC COM 514 .01 8,261
GLOBANT S A COM 512 512 New 29,047
WAYSIDE TECHNOLOGY GROUP INC COM 507 .00 30,475
PACIFIC HLTH CARE ORGNZTN INC COM NEW 506 506 New 12,900