ATIVO CAPITAL MANAGEMENT LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 208
New Positions 47
Increased Positions 111
Decreased Positions 72
Positions with Activity 183
Sold Out Positions 23
Total Mkt Value (in $ millions) 264

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

Sector Weighting

Basic Materials 3.59%
Capital Goods 11.65%
Conglomerates 0.69%
Consumer Cyclical 2.88%
Consumer/Non-Cyclical 3.75%
Energy 4.64%
Financial 13.82%
Healthcare 17.21%
Services 18.96%
Technology 20.01%
Transportation 0.22%
Utilities 1.6%

111 INCREASED Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
DELUXE CORP COM 660 386 140.74 10,518
CHESAPEAKE UTILS CORP COM 643 55 9.27 12,978
SUPERIOR UNIFORM GP INC COM 639 639 New 22,457
UGI CORP NEW COM 621 341 121.99 16,494
SCICLONE PHARMACEUTICALS INC COM 607 607 New 71,569
WINMARK CORP COM 604 .01 7,312
ARMADA HOFFLER PPTYS INC COM 604 .01 62,894
RCM TECHNOLOGIES INC COM NEW 598 598 New 71,709
PERFICIENT INC COM 590 28 5.03 32,339
ENSIGN GROUP INC COM 576 69 13.58 12,690
INTEGRATED SILICON SOLUTION COM 570 54 10.37 34,069
LIBERTY TAX INC CL A 552 552 New 15,313
BIOSPECIFICS TECHNOLOGIES CORP COM 547 .02 14,478
KFORCE INC COM 542 29 5.73 22,148
KADANT INC COM 538 126 30.50 12,433
WORLD ACCEP CORP DEL COM 520 520 New 6,515
WESTWOOD HLDGS GROUP INC COM 505 31 6.48 8,260
CBIZ INC COM 494 .02 57,558
WSFS FINL CORP COM 483 483 New 6,213
LIONBRIDGE TECHNOLOGIES INC COM 471 51 12.10 81,559