ATIVO CAPITAL MANAGEMENT LLC Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 220
New Positions 30
Increased Positions 107
Decreased Positions 68
Positions with Activity 175
Sold Out Positions 27
Total Mkt Value (in $ millions) 249

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

Sector Weighting

Basic Materials 1.99%
Capital Goods 10.86%
Conglomerates 0.75%
Consumer Cyclical 3.56%
Consumer/Non-Cyclical 3.35%
Energy 4.97%
Financial 12.43%
Healthcare 15.8%
Services 21.45%
Technology 22.15%
Transportation 0.38%
Utilities 0.49%

107 INCREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
MAGIC SOFTWARE ENTERPRISES LTD ORD 451 .00 62,487
MONARCH FINANCIAL HOLDINGS INC COM 446 .00 39,138
ESCALADE INC COM 700 .00 43,226
DYNEX CAP INC COM NEW 467 .00 55,027
NEW YORK MTG TR INC COM PAR $.02 577 .00 75,169
EMC INS GROUP INC COM 408 .01 13,069
ARMADA HOFFLER PPTYS INC COM 596 .02 62,889
PENNS WOODS BANCORP INC COM 404 .04 8,591
THL CR INC COM 445 .06 32,438
AVG TECHNOLOGIES N V SHS 1,688 1 .07 85,233
PERFICIENT INC COM 568 1 .22 29,478
PUBLICIS S A NEW SPONSORED ADR 238 5 2.25 11,807
BRITISH SKY BROADCASTING GROUP SPONSORED ADR 1,972 6 .29 33,129
BANK MONTREAL QUE COM 258 6 2.44 3,443
TYCO INTERNATIONAL LTD SHS 1,872 6 .34 41,770
SANOFI SPONSORED ADR 1,865 7 .39 36,091
ROCHE HLDG LTD SPONSORED ADR 303 8 2.64 8,258
TARO PHARMACEUTICAL INDS LTD SHS 3,326 9 .28 22,891
GROUPE CGI INC CL A SUB VTG 2,174 13 .61 61,370
CA INC COM 2,891 14 .50 102,629