Ativo Capital Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investors are always curious to know what institutional investors are buying or selling. The 13F form is a quarterly report that institutional investors with more than $100 million in assets under management are required to file with the SEC. These reports give investors insight into the holdings of the world's largest and most influential investors. One such investor is Ativo Capital Management, LLC, which recently filed its Q3 2022 and Q4 2022 13F forms. In this blog post, we will delve into the changes in Ativo Capital Management's holdings during this period and analyze how these changes might impact the market.

Ativo Capital Management's Q3 2022 vs. Q4 2022 13F Holdings Comparison

Ativo Capital Management's holdings in the technology sector include Check Point Software Tech Ltd and Vipshop Holdings Limited Spons. The company reduced its holdings in Check Point Software Tech Ltd by 9.2% and Vipshop Holdings Limited Spons by 115.6% during the period, which may indicate that the company is reducing its exposure to the tech sector.

In the food industry, Ativo Capital Management's holdings in Yum China Holdings Inc increased by 100%, while its holdings in Alimentation Couche-Tard Inc C remained unchanged. The company's stake in Petroleo Brasileiro SA Sp ADR declined by 18.6%, while its stake in Vale SA ADR increased by 19.3%. These changes suggest that Ativo Capital Management is bullish on the food industry, with a focus on China, and is less optimistic about the Brazilian oil and gas industry.

Ativo Capital Management's holdings in the financial sector include UBS Group AG, Royal Bank of Canada Montreal, and BANK MONTREAL QUE. The company's stake in UBS Group AG and Royal Bank of Canada Montreal declined by 21.2% and 2.3%, respectively, while its stake in BANK MONTREAL QUE remained unchanged. These changes in holdings indicate that Ativo Capital Management is reducing its exposure to the financial sector.

In the mining industry, Ativo Capital Management's holdings in BHP GROUP LTD increased by 16.5%, while its stake in Anglo American PLC Sp ADR increased by 23.9%. Its stake in Teck Resources Ltd Cl B increased by 17.6%, while its holdings in Nutrien Ltd declined by 17.4%. These changes in holdings indicate that Ativo Capital Management is bullish on the mining sector.

Ativo Capital Management's holdings in the healthcare sector include Novartis AG Sp ADR and Novo-Nordisk AS ADR. The company's stake in Novartis AG Sp ADR increased by 12.9%, while its stake in Novo-Nordisk AS ADR declined by 26.8%. These changes suggest that Ativo Capital Management is bullish on the healthcare sector, with a focus on Novartis AG Sp ADR.

Conclusion

In conclusion, Ativo Capital Management LLC's Q3 2022 vs. Q4 2022 13F holdings comparison reveals that the company has made several changes to its holdings. We can see that the company is reducing its exposure to the technology and financial sectors while increasing its exposure to the food and mining sectors. Investors should keep an eye on these trends to align their investment strategies with that of big institutional investors like Ativo Capital Management.