Ativo Capital Management, Llc
- Regulatory AUM
- $863M
- Discretionary
- $863M
- Clients
- 17
- Avg AUM / client
- $50.7M
- Accounts
- 21
- Employees
- 8
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 18, 2026
Investments (13F portfolio — 55 positions, $114,953,422)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Mfg Ltd S | ADR | $6,516,745 | 19,283 | 5.67% | 0.76% |
| 2 | Credicorp Ltd | COM | $6,400,327 | 18,870 | 5.57% | 0.74% |
| 3 | Aer Cap Holdings Nv | COM | $5,723,651 | 41,724 | 4.98% | 0.66% |
| 4 | Yum China Holdings Inc | COM | $4,942,390 | 101,320 | 4.3% | 0.57% |
| 5 | Franklin Templeton Etf Tr Fran | ETF | $4,322,586 | 130,120 | 3.76% | 0.5% |
| 6 | Netease Inc Sp Adr | ADR | $4,071,258 | 36,370 | 3.54% | 0.47% |
| 7 | Eni Spa Sp Adr | COM | $3,089,749 | 54,580 | 2.69% | 0.36% |
| 8 | Barrick Mining Corporation | COM | $2,722,962 | 66,756 | 2.37% | 0.32% |
| 9 | Sompo Holdings Inc Adr | ADR | $2,713,949 | 139,248 | 2.36% | 0.31% |
| 10 | Agnico Eagle Mines Ltd | COM | $2,556,642 | 12,596 | 2.22% | 0.3% |
| 11 | Wh Group Ltd Sp Adr | ADR | $2,424,420 | 92,570 | 2.11% | 0.28% |
| 12 | Novartis Ag Sp Adr | ADR | $2,418,252 | 15,831 | 2.1% | 0.28% |
| 13 | Engie Sa Sp Adr | ADR | $2,227,605 | 67,853 | 1.94% | 0.26% |
| 14 | Banco Bilbao Vizcaya Argentari | COM | $2,226,381 | 102,788 | 1.94% | 0.26% |
| 15 | Royal Bank Of Canada Montreal | COM | $2,112,799 | 13,060 | 1.84% | 0.24% |
| 16 | Lundin Gold Inc | COM | $2,038,549 | 26,753 | 1.77% | 0.24% |
| 17 | Companhia De Saneamento Basico | ADR | $1,998,174 | 65,492 | 1.74% | 0.23% |
| 18 | Cia Energetica De Minas Gerais | ADR | $1,941,919 | 812,518 | 1.69% | 0.23% |
| 19 | British American Tobacco Plc S | ADR | $1,890,353 | 32,330 | 1.64% | 0.22% |
| 20 | Dbs Group Holdings Ltd Sp Adr | ADR | $1,869,962 | 10,431 | 1.63% | 0.22% |
| 21 | Woori Financial Group Inc Sp A | ADR | $1,833,471 | 27,530 | 1.6% | 0.21% |
| 22 | Abb Ltd Sp Adr | ADR | $1,822,099 | 22,640 | 1.59% | 0.21% |
| 23 | Toronto Dominion Bank Ont | COM | $1,798,828 | 19,278 | 1.56% | 0.21% |
| 24 | Komatsu Ltd Sp Adr New | ADR | $1,796,145 | 45,750 | 1.56% | 0.21% |
| 25 | Ipsen Sa Sp Adr | ADR | $1,794,538 | 38,759 | 1.56% | 0.21% |
Top 25 of 55 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 6 | $1.4M | 0.16% |
| Pooled investment vehicles (non-investment companies) | 2 | $60.7M | 7.04% |
| Pension and profit sharing plans | Fewer than 5 clients | $112M | 13.0% |
| State or municipal government entities | 9 | $688M | 79.8% |
| Other | Fewer than 5 clients | $265K | 0.03% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $43.6M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Ativo International Equity Fund, Lp | Hedge Fund | Delaware | $43.5M | 5 |
| Ativo International Small Cap Equity Fund, Lp | Hedge Fund | Delaware | $41.3K | 0 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ricardo Bekin | Chief Executive Officer/Chief Investment Officer | Aug 2002 (24y) | ≈ 7.5% – 25% via The Pinecliff Trust | |
| Michael Stanley Brooks | Member/Director Of Marketing & Investor Relations | Sep 2005 (21y) | Less than 5% | |
| Adan Galvan | Member/Chief Operating Officer | CFA | Jan 2007 (20y) | Less than 5% |
| Shiqing Huang | Member/Director Of Finance/Chief Compliance Officer | Apr 2014 (12y) | Less than 5% | |
| Ram Gopal Gandikota | Member/Deputy Chief Investment Officer/Director Of Research | May 2014 (12y) | Less than 5% | |
| Tang, Huan Kiat | Member/Director Of It | May 2014 (12y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ativo Holdings, Llc | Limited Liability Company | May 2014 | A | 50% – 75% |
| The Pinecliff Trust | Member/Trust | Dec 2012 | A | 10% – 25% |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ricardo Bekin: 75% – 100% of The Pinecliff Trust × 10% – 25% direct ≈ 7.5% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $43.6M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Ativo International Equity Fund, Lp | Hedge Fund | $43.5M | $3.0M | 5 |
| Ativo International Small Cap Equity Fund, Lp | Hedge Fund | $41.3K | $3.0M | 0 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 1.2 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • PERCENTAGE OF ASSETS ADVISED THAT ARE NOT REGULATORY AUM
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- Northern Trust $357M (41% of AUM) Mar 2026
- State Street $331M (38% of AUM) Mar 2026
- BNY Mellon $168M (11% of AUM) Mar 2022
- J.P. Morgan $147M (10% of AUM) Mar 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.
View current Form ADV (SEC/IAPD) ↗