ATIVO CAPITAL MANAGEMENT LLC Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 213
New Positions 29
Increased Positions 101
Decreased Positions 97
Positions with Activity 198
Sold Out Positions 24
Total Mkt Value (in $ millions) 222

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

Sector Weighting

Basic Materials 1.59%
Capital Goods 6.23%
Conglomerates 0.79%
Consumer Cyclical 4.37%
Consumer/Non-Cyclical 3.12%
Energy 5.64%
Financial 15.72%
Healthcare 13.42%
Services 23.49%
Technology 22.96%
Transportation 0.46%
Utilities 0.31%

101 INCREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
U S PHYSICAL THERAPY INC COM 461 8 1.71 14,242
MONARCH FINANCIAL HOLDINGS INC COM 460 1 .12 39,137
WINMARK CORP COM 453 .05 5,904
CIPHER PHARMACEUTICALS INC COM 447 447 New 65,700
THL CR INC COM 446 78 21.19 32,420
TICC CAPITAL CORP COM 445 66 17.32 46,148
SPAN AMER MED SYS INC COM 445 53 13.66 20,726
EPLUS INC COM 444 30 7.14 7,518
EMC INS GROUP INC COM 439 439 New 13,068
BRYN MAWR BK CORP COM 434 434 New 15,648
APOLLO COML REAL EST FIN INC COM 430 .02 25,255
RPX CORP COM 429 .05 25,698
PULASKI FINL CORP COM 427 14 3.28 41,198
PERION NETWORK LTD SHS 420 21 5.37 39,483
EASYHOME LTD COM 419 419 New 24,900
MULTI COLOR CORP COM 415 .01 11,248
BOLT TECHNOLOGY CORP COM 412 412 New 21,751
PENNS WOODS BANCORP INC COM 393 22 5.83 8,588
SARATOGA INVT CORP COM NEW 392 392 New 25,457
LANDEC CORP COM 387 48 14.28 31,970