NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 29,182 Value ($000) $2,511 Avg Close — Range —
Q3 2015
Shares 21,240 Value ($000) $1,874 Avg Close — Range —
Q2 2015
Shares 21,236 Value ($000) $2,173 Avg Close — Range —
Q1 2015
Shares 24,104 Value ($000) $2,377 Avg Close — Range —
Q4 2014
Shares 24,726 Value ($000) $2,291 Avg Close — Range —
Q3 2014
Shares 25,473 Value ($000) $2,398 Avg Close — Range —
Q2 2014
Shares 25,488 Value ($000) $2,307 Avg Close — Range —
Q1 2014
Shares 29,301 Value ($000) $2,491 Avg Close — Range —
Q4 2013
Shares 29,002 Value ($000) $2,331 Avg Close — Range —
Q3 2013
Shares 29,032 Value ($000) $2,227 Avg Close — Range —
Q2 2013
Shares 29,959 Value ($000) $2,118 Avg Close — Range —