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) 256

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

Sector Weighting

Basic Materials 2.59%
Capital Goods 9.32%
Conglomerates 0%
Consumer Cyclical 5.11%
Consumer/Non-Cyclical 4.42%
Energy 2.69%
Financial 12.12%
Healthcare 17.61%
Services 18.56%
Technology 21.75%
Transportation 0.45%
Utilities 2.62%

117 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
GOLUB CAP BDC INC COM 407 .00 23,248
WAYSIDE TECHNOLOGY GROUP INC COM 563 .00 30,475
ARMADA HOFFLER PPTYS INC COM 650 .00 62,896
CHASE CORP COM 606 .01 15,764
LAKELAND FINL CORP COM 439 .01 11,152
LIBERTY TAX INC CL A 342 .01 15,315
WESTWOOD HLDGS GROUP INC COM 488 .01 8,261
WINMARK CORP COM 658 .01 7,313
POINTER TELOCATION LTD SHS 450 .02 56,347
RCM TECHNOLOGIES INC COM NEW 448 .06 71,755
ENSIGN GROUP INC COM 541 1 .13 12,707
RPX CORP COM 479 3 .60 31,344
BROADRIDGE FINL SOLUTIONS INC COM 324 7 2.32 5,957
APOLLO COML REAL EST FIN INC COM 467 8 1.72 27,218
S L INDS INC COM 545 21 3.94 13,080
PENNS WOODS BANCORP INC COM 394 22 5.82 9,091
PHI INC COM NON VTG 399 22 5.88 12,612
WORLD ACCEP CORP DEL COM 590 26 4.61 6,815
KADANT INC COM 668 31 4.83 13,033
MESA LABS INC COM 507 34 7.08 6,051