Vault-13

ARCOS DORADOS HOLDINGS INC ARCO

SHS CLASS -A - · Common Stock · CUSIP G0457F107 · ISIN VGG0457F1071

158 institutional holders +13 vs Q1 2023
78,048,75778.0m shares reported held*
$797.7mreported value*
35 new 52 added 43 reduced 23 sold out net bought ≈ $27.1m (+2.6m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($140.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.22. Options: 4 managers hold calls ($266.5k notional), 3 hold puts ($110.5k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 131Q4 22: 136Q1 23: 145Q2 23: 158158Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022131
Q4 2022136
Q1 2023145
Q2 2023158

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 64 bought or addedQ4 22: 54 cut or sold outQ4 22Q1 23: 66 bought or addedQ1 23: 70 cut or sold outQ1 23Q2 23: 87 bought or addedQ2 23: 66 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226454
Q1 20236670
Q2 20238766

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$250k$500k$750k$1mQ3 22 calls: $892.0kQ3 22 puts: $11.0kQ3 22P/C 0.01Q4 22 calls: $744.6kQ4 22 puts: $301.3kQ4 22P/C 0.40Q1 23 calls: $943.7kQ1 23 puts: $66.6kQ1 23P/C 0.07Q2 23 calls: $266.5kQ2 23 puts: $110.5kQ2 23P/C 0.41
Numbers
QuarterCallsPutsP/C
Q3 2022$892.0k$11.0k0.01
Q4 2022$744.6k$301.3k0.40
Q1 2023$943.7k$66.6k0.07
Q2 2023$266.5k$110.5k0.41

Biggest buyers

BANK OF MONTREAL /CAN/ Added +1,473,979+1.5m
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC New +1,271,899+1.3m
FIL Ltd New +1,004,463+1.0m
Assenagon Asset Management S.A. New +726,166+726.2k
AXIOM INVESTORS LLC /DE New +613,200+613.2k
VAN ECK ASSOCIATES CORP Added +582,860+582.9k
Sapience Investments, LLC New +449,545+449.5k
TWO SIGMA INVESTMENTS, LP Added +426,560+426.6k
MARSHALL WACE, LLP Added +420,429+420.4k
Itau Unibanco Holding S.A. New +376,246+376.2k

Biggest sellers

Invesco Ltd. Reduced -4,281,625-4.3m
MACQUARIE GROUP LTD Reduced -1,261,374-1.3m
Moerus Capital Management LLC Reduced -1,021,608-1.0m
BW Gestao de Investimentos Ltda. Reduced -802,453-802.5k
Cubist Systematic Strategies, LLC Reduced -357,439-357.4k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Sold out -300,000-300.0k
INCA Investments LLC Reduced -235,841-235.8k
Trexquant Investment LP Sold out -197,257-197.3k
TimesSquare Capital Management, LLC Reduced -168,000-168.0k
Dynamic Technology Lab Private Ltd Sold out -132,078-132.1k

Biggest calls

GROUP ONE TRADING LLC Added $142.5k13.9k shares
CITADEL ADVISORS LLC Reduced $123.0k12.0k shares
SIMPLEX TRADING, LLC New $1.0k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $104.5k10.2k shares
SIMPLEX TRADING, LLC Reduced $6.0k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
LAZARD ASSET MANAGEMENT LLC 13G · institution +1.2 pts · filed 2026-08-14 18.9% +1.2 pts 24.7m≈ $199.0m 2026-08-14
PZENA INVESTMENT MANAGEMENT LLC 13G · institution +3.7 pts · filed 2025-10-16 8.7% +3.7 pts 11.4m≈ $92.1m 2025-10-16
Calvo David Coppel 13G · passive investor filed 2025-02-04 7.3% 9.5m≈ $76.4m 2025-02-04

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Nuveen Asset Management, LLC 0.06% of their portfolio CHICAGO, IL 15,821,18315.8m $162.2m $162.2m 0.06% Added +116.0k +116,034
2 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 8,912,1518.9m $91.3m $91.3m 0.02% Reduced -4.3m -4,281,625
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,266,4615.3m $54.0m $54.0m 0.01% Added +337.7k +337,706
4 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 3,008,7833.0m $30.9m $30.9m 0.01% Added +1.5m +1,473,979
5 Moerus Capital Management LLC 8.68% of their portfolio NEW YORK, NY 2,894,6992.9m $29.7m $29.7m 8.68% Reduced -1.0m -1,021,608
6 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 2,775,3042.8m $28.4m $28.4m 0.03% Reduced -78.7k -78,692
7 PRIVATE MANAGEMENT GROUP INC 1.00% of their portfolio IRVINE, CA 2,295,4672.3m $23.5m $23.5m 1.00% Reduced -51.9k -51,879
8 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 1,865,0431.9m $19.1m $19.1m 0.04% Added +420.4k +420,429
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,694,6401.7m $17.4m $17.4m 0.00% Added +332.9k +332,878
10 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 1,378,7411.4m $14.1m $14.1m 0.04% Added +426.6k +426,560
11 TimesSquare Capital Management, LLC 0.20% of their portfolio NEW YORK, NY 1,352,4001.4m $13.9m $13.9m 0.20% Reduced -168.0k -168,000
12 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 1,351,1941.4m $13.8m $13.8m 0.03% Added +307.2k +307,203
13 TWO SIGMA ADVISERS, LP 0.03% of their portfolio NEW YORK, NY 1,273,0341.3m $13.0m $13.0m 0.03% Added +77.6k +77,600
14 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio CHICAGO, IL 1,271,8991.3m $13.0m $13.0m 0.04% New
15 GLOBEFLEX CAPITAL L P 1.32% of their portfolio SAN DIEGO, CA 1,152,9181.2m $11.8m $11.8m 1.32% Unchanged
16 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 1,133,7521.1m $10.8m $10.8m 0.02% Added +357.3k +357,306
17 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 1,006,5341.0m $10.3m $10.3m 0.01% Added +311.4k +311,444
18 Handelsbanken Fonder AB 0.06% of their portfolio STOCKHOLM, V7 1,005,4301.0m $10.3m $10.3m 0.06% Added +50.0k +50,000
19 FIL Ltd 0.01% of their portfolio HAMILTON, D0 1,004,4631.0m $10.3m $10.3m 0.01% New
20 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 955,521955.5k $9.8m $9.8m 0.01% Added +234.0k +233,968
21 Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio VANCOUVER, A1 903,000903.0k $9.3m $9.3m 0.05% Added +74.2k +74,213
22 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 865,092865.1k $8.9m $8.9m 0.00% Added +57.8k +57,767
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 808,890808.9k $8.3m $8.3m 0.00% Added +328.3k +328,313
24 Assenagon Asset Management S.A. 0.03% of their portfolio SENNINGERBERG, N4 726,166726.2k $7.4m $7.4m 0.03% New
25 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 721,133721.1k $7.4m $7.4m 0.01% Added +132.3k +132,256
26 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 687,460687.5k $7.0m $7.0m 0.01% Reduced -1.3m -1,261,374
27 Amundi 0.00% of their portfolio Paris, I0 686,351686.4k $7.0m $7.0m 0.00% Unchanged
28 INCA Investments LLC 2.41% of their portfolio MIAMI, FL 672,774672.8k $6.9m $6.9m 2.41% Reduced -235.8k -235,841
29 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 650,188650.2k $6.7m $6.7m 0.01% Added +582.9k +582,860
30 AXIOM INVESTORS LLC /DE 0.09% of their portfolio GREENWICH, CT 613,200613.2k $6.3m $6.3m 0.09% New
31 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 561,594561.6k $5.8m $5.8m 0.00% Reduced -49.3k -49,320
32 Boston Partners 0.01% of their portfolio BOSTON, MA 554,831554.8k $4.5m $4.5m 0.01% Reduced -2.3k -2,288
33 BW Gestao de Investimentos Ltda. 0.86% of their portfolio SAO PAULO, D5 551,825551.8k $5.7m $5.7m 0.86% Reduced -802.5k -802,453
34 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 505,230505.2k $5.2m $5.2m 0.01% Added +25.1k +25,074
35 O'Keefe Stevens Advisory, Inc. 2.21% of their portfolio ROCHESTER, NY 501,059501.1k $5.1m $5.1m 2.21% Reduced -3.8k -3,762
36 Sapience Investments, LLC 1.04% of their portfolio Irvine, CA 449,545449.5k $4.6m $4.6m 1.04% New
37 American Trust Investment Advisors, LLC 2.42% of their portfolio Lebanon, NH 421,683421.7k $4.3m $4.3m 2.42% Added +1.3k +1,348
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 407,431407.4k $4.2m $4.2m 0.00% Added +12.7k +12,743
39 Itau Unibanco Holding S.A. 0.18% of their portfolio SAO PAULO, D5 376,246376.2k $3.9m $3.9m 0.18% New
40 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 368,134368.1k $3.8m $3.8m 0.01% Reduced -98.1k -98,107
41 DEPRINCE RACE & ZOLLO INC 0.08% of their portfolio Winter Park, FL 356,824356.8k $3.7m $3.7m 0.08% Unchanged
42 Redwood Investments, LLC 0.44% of their portfolio BOSTON, MA 353,268353.3k $3.6m $3.6m 0.44% Added +47.1k +47,089
43 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 328,285328.3k $3.4m $3.4m 0.00% New
44 AUXIER ASSET MANAGEMENT LLC 0.55% of their portfolio AURORA, OR 323,891323.9k $3.3m $3.3m 0.55% Reduced -3.2k -3,204
45 Employees Retirement System of Texas 0.05% of their portfolio AUSTIN, TX 323,807323.8k $3.3m $3.3m 0.05% New
46 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 308,860308.9k $3.2m $3.2m 0.00% Reduced -131.3k -131,332
47 Hedges Asset Management LLC 2.50% of their portfolio RENO, NV 288,256288.3k $3.0m $3.0m 2.50% Reduced -12.3k -12,314
48 DELTEC ASSET MANAGEMENT LLC 0.64% of their portfolio New York, NY 286,445286.4k $2.9m $2.9m 0.64% Reduced -62.7k -62,702
49 NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio STOCKHOLM, V7 263,055263.1k $2.7m $2.7m 0.00% New
50 SPX Gestao de Recursos Ltda 0.12% of their portfolio RIO DE JANEIRO, D5 250,641250.6k $2.6m $2.6m 0.12% New
51 RENAISSANCE GROUP LLC 0.10% of their portfolio Covington, KY 229,900229.9k $2.4m $2.4m 0.10% Added +31.2k +31,168
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 228,721228.7k $2.3m $2.3m 0.00% Added +77.6k +77,558
53 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 225,345225.3k $2.3m $2.3m 0.01% New
54 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 197,996198.0k $1.7m $1.7m 0.01% First filing
55 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.36% of their portfolio Reston, VA 196,845196.8k $2.0m $2.0m 0.36% Added +1.0k +1,037
56 Black Creek Investment Management Inc. 0.07% of their portfolio TORONTO, A6 190,000190.0k $1.9m $1.9m 0.07% Reduced -70.0k -70,000
57 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 186,034186.0k $1.9m $1.9m 0.00% Added +54.7k +54,714
58 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 180,605180.6k $1.9m $1.9m 0.02% Reduced -357.4k -357,439
59 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 177,726177.7k $1.8m $1.8m 0.00% Added +13.4k +13,394
60 ADVISORY RESEARCH INC 0.21% of their portfolio CHICAGO, IL 160,650160.7k $1.6m $1.6m 0.21% Added +29.5k +29,531
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 155,659155.7k $1.6m $1.6m 0.00% Added +306 +306
62 MIRABELLA FINANCIAL SERVICES LLP 0.18% of their portfolio London, X0 154,516154.5k $1.6m $1.6m 0.18% Reduced -76.8k -76,798
63 Engineers Gate Manager LP 0.06% of their portfolio NEW YORK, NY 153,704153.7k $1.6m $1.6m 0.06% Added +34.2k +34,199
64 Ruffer LLP 0.09% of their portfolio LONDON, X0 152,142152.1k $1.6m $1.6m 0.09% Unchanged
65 Long Focus Capital Management, LLC 0.23% of their portfolio SAN JUAN, PR 150,000150.0k $1.5m $1.5m 0.23% Unchanged
66 Jump Financial, LLC 0.05% of their portfolio Chicago, IL 141,654141.7k $1.5m $1.5m 0.05% New
67 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 130,980131.0k $1.3m $1.3m 0.00% Added +253 +253
68 State of New Jersey Common Pension Fund D 0.00% of their portfolio TRENTON, NJ 123,225123.2k $1.3m $1.3m 0.00% New
69 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 108,104108.1k $1.1m $1.1m 0.00% New
70 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 103,483103.5k $1.1m $1.1m 0.00% Added +65 +65
71 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 99,81099.8k $1.0m $1.0m 0.00% Added +59.9k +59,860
72 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 98,80498.8k $1.0m $1.0m 0.01% Reduced -6.3k -6,311
73 PDT Partners, LLC 0.13% of their portfolio New York, NY 94,40094.4k $967.6k $967.6k 0.13% Reduced -236 -236
74 BlackRock Inc. 0.00% of their portfolio New York, NY 85,49885.5k $876.4k $876.4k 0.00% Added +6.5k +6,495
75 Diligent Investors, LLC 0.25% of their portfolio REDLANDS, CA 83,78883.8k $858.8k $858.8k 0.25% Added +29 +29
76 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 80,11080.1k $821.0k $821.0k 0.01% Added +16.8k +16,756
77 UBS Group AG 0.00% of their portfolio ZURICH, V8 75,31475.3k $772.0k $772.0k 0.00% Added +20.4k +20,365
78 Yorktown Management & Research Co Inc 0.80% of their portfolio Forest, VA 73,00073.0k $748.2k $748.2k 0.80% Reduced -12.0k -12,000
79 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 71,14571.1k $729.0k $729.0k 0.07% Reduced -3.0k -2,980
80 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 69,86869.9k $716.1k $716.1k 0.00% Added +49.9k +49,947
81 CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio NEW YORK, NY 67,31767.3k $690.0k $690.0k 0.02% New
82 NJ State Employees Deferred Compensation Plan 0.10% of their portfolio TRENTON, NJ 65,77965.8k $674.2k $674.2k 0.10% Unchanged
83 Inspire Investing, LLC 0.08% of their portfolio MERIDIAN, ID 63,81363.8k $654.1k $654.1k 0.08% New
84 DUMAC, INC. 2.05% of their portfolio DURHAM, NC 60,85760.9k $623.8k $623.8k 2.05% Unchanged
85 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 58,39858.4k $598.6k $598.6k 0.00% New
86 Moors & Cabot, Inc. 0.04% of their portfolio BOSTON, MA 55,90955.9k $573.1k $573.1k 0.04% Reduced -72.8k -72,791
87 DGS Capital Management, LLC 0.28% of their portfolio JERSEY CITY, NJ 55,80155.8k $572.0k $572.0k 0.28% Added +5.7k +5,688
88 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 44,79144.8k $459.1k $459.1k 0.03% New
89 Freedom Investment Management, Inc. 0.05% of their portfolio SOUTH WINDSOR, CT 44,71844.7k $458.4k $458.4k 0.05% Reduced -4.8k -4,754
90 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 42,23142.2k $432.9k $432.9k 0.00% Added +23.0k +22,967
91 Campbell & CO Investment Adviser LLC 0.07% of their portfolio BALTIMORE, MD 40,04840.0k $410.5k $410.5k 0.07% Added +8.5k +8,525
92 Independent Advisor Alliance 0.02% of their portfolio CHARLOTTE, NC 38,79338.8k $397.6k $397.6k 0.02% Reduced -925 -925
93 Investors Research Corp 0.09% of their portfolio ATLANTA, GA 34,45234.5k $353.1k $353.1k 0.09% Unchanged
94 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 30,63930.6k $314.1k $314.1k 0.00% Reduced -669 -669
95 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 29,30029.3k $300.0k $300.0k 0.00% Reduced -16.6k -16,650
96 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 28,39328.4k $291.0k $291.0k 0.02% New
97 Inlet Private Wealth, LLC 0.07% of their portfolio Jupiter, FL 26,69326.7k $273.6k $273.6k 0.07% Unchanged
98 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio BALA CYNWYD, PA 26,14426.1k $268.0k $268.0k 0.01% Unchanged
99 OBERWEIS ASSET MANAGEMENT INC/ 0.03% of their portfolio LISLE, IL 23,20023.2k $237.8k $237.8k 0.03% New
100 Bayesian Capital Management, LP 0.02% of their portfolio Brooklyn, NY 22,35422.4k $229.1k $229.1k 0.02% New