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 9.52%
Conglomerates 0%
Consumer Cyclical 5.07%
Consumer/Non-Cyclical 4.6%
Energy 2.69%
Financial 12.41%
Healthcare 17.03%
Services 19.08%
Technology 21.95%
Transportation 0.43%
Utilities 2.6%

117 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) ▲ Change (%) Shares Held
WAYSIDE TECHNOLOGY GROUP INC COM 518 .00 30,475
GOLUB CAP BDC INC COM 413 .00 23,248
ARMADA HOFFLER PPTYS INC COM 679 .00 62,896
LAKELAND FINL CORP COM 435 .01 11,152
CHASE CORP COM 679 .01 15,764
LIBERTY TAX INC CL A 435 .01 15,315
WESTWOOD HLDGS GROUP INC COM 516 .01 8,261
WINMARK CORP COM 600 .01 7,313
POINTER TELOCATION LTD SHS 465 .02 56,347
RCM TECHNOLOGIES INC COM NEW 432 .06 71,755
ENSIGN GROUP INC COM 560 1 .13 12,707
RPX CORP COM 457 3 .60 31,344
BROADRIDGE FINL SOLUTIONS INC COM 317 7 2.32 5,957
APOLLO COML REAL EST FIN INC COM 465 8 1.72 27,218
S L INDS INC COM 507 19 3.94 13,080
PHI INC COM NON VTG 406 23 5.88 12,612
PENNS WOODS BANCORP INC COM 420 23 5.82 9,091
WORLD ACCEP CORP DEL COM 560 25 4.61 6,815
KADANT INC COM 577 27 4.83 13,033
GRAY TELEVISION INC COM 466 29 6.53 42,593