Ativo Capital Management’s Formula Systems FORTY Stock Holding History

Ativo Capital Management’s Portfolio FORTY Stock Details FORTY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-21,492	Closed	-$601K	–	234
2015 Q1	$601K	Sell	21,492 -1	-0%	-$23	0.24%	99
2014 Q4	$475K	Hold	21,493	–	–	0.19%	144
2014 Q3	$552K	Buy	21,493 +1	+0%	+$28	0.22%	80
2014 Q2	$619K	Sell	21,492 -158	-0.7%	-$4.77K	0.27%	67
2014 Q1	$658K	Hold	21,650	–	–	0.27%	67
2013 Q4	$543K	Buy	21,650 +1,605	+8%	+$40.4K	0.24%	85
2013 Q3	$503K	Buy	20,045 +7,582	+61%	+$180K	0.24%	83
2013 Q2	$271K	Buy	+12,463	New	+$263K	0.14%	162

Other funds holding FORTY

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

AIG

American International Group New York $609M AUM 23.67% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

TRCT

Tower Research Capital (TRC) New York $3.85B AUM 32.11% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Ativo Capital Management's FORTY Position: Q2 2015 in Review

Ativo Capital Management sold out of Formula Systems (FORTY) in Q2 2015, closing a stake of 21,492 shares — an estimated $601K sold.

Ativo Capital Management first reported a position in FORTY in Q2 2013 and held it in 8 quarters. The position peaked at $658K in Q1 2014. 7 funds tracked by Wall St. Rank hold FORTY as of Q2 2015.

Ativo Capital Management reported no remaining Formula Systems position as of Q2 2015 after selling out during the quarter.
Ativo Capital Management sold 21,492 Formula Systems shares in Q2 2015, an estimated $601K.
Ativo Capital Management first reported a position in Formula Systems in Q2 2013 and held it in 8 quarters.
Ativo Capital Management's Formula Systems position peaked at $658K in Q1 2014.
7 funds tracked by Wall St. Rank held Formula Systems as of Q2 2015.

Based on Ativo Capital Management's 13F filing for Q2 2015, filed 13 Aug 2015.