ARCOS DORADOS HOLDINGS INC ARCO
SHS CLASS -A - · Common Stock · CUSIP G0457F107 · ISIN VGG0457F1071
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 131 |
| Q4 2022 | 136 |
| Q1 2023 | 145 |
| Q2 2023 | 158 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 64 | 54 |
| Q1 2023 | 66 | 70 |
| Q2 2023 | 87 | 66 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $892.0k | $11.0k | 0.01 |
| Q4 2022 | $744.6k | $301.3k | 0.40 |
| Q1 2023 | $943.7k | $66.6k | 0.07 |
| Q2 2023 | $266.5k | $110.5k | 0.41 |
Biggest buyers
| BANK OF MONTREAL /CAN/ | Added | +1.5m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +1.3m |
| FIL Ltd | New | +1.0m |
| Assenagon Asset Management S.A. | New | +726.2k |
| AXIOM INVESTORS LLC /DE | New | +613.2k |
| VAN ECK ASSOCIATES CORP | Added | +582.9k |
| Sapience Investments, LLC | New | +449.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +426.6k |
| MARSHALL WACE, LLP | Added | +420.4k |
| Itau Unibanco Holding S.A. | New | +376.2k |
Biggest sellers
| Invesco Ltd. | Reduced | -4.3m |
| MACQUARIE GROUP LTD | Reduced | -1.3m |
| Moerus Capital Management LLC | Reduced | -1.0m |
| BW Gestao de Investimentos Ltda. | Reduced | -802.5k |
| Cubist Systematic Strategies, LLC | Reduced | -357.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Sold out | -300.0k |
| INCA Investments LLC | Reduced | -235.8k |
| Trexquant Investment LP | Sold out | -197.3k |
| TimesSquare Capital Management, LLC | Reduced | -168.0k |
| Dynamic Technology Lab Private Ltd | Sold out | -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.
| Holder | Stake |
|---|---|
| LAZARD ASSET MANAGEMENT LLC 13G · institution +1.2 pts · filed 2026-08-14 | 18.9% |
| PZENA INVESTMENT MANAGEMENT LLC 13G · institution +3.7 pts · filed 2025-10-16 | 8.7% |
| Calvo David Coppel 13G · passive investor filed 2025-02-04 | 7.3% |
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
| Manager | Shares | Change |
|---|---|---|
| Nuveen Asset Management, LLC 0.06% of their portfolio | 15.8m $162.2m | Added +116.0k |
| Invesco Ltd. 0.02% of their portfolio | 8.9m $91.3m | Reduced -4.3m |
| MORGAN STANLEY 0.01% of their portfolio | 5.3m $54.0m | Added +337.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 3.0m $30.9m | Added +1.5m |
| Moerus Capital Management LLC 8.68% of their portfolio | 2.9m $29.7m | Reduced -1.0m |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.8m $28.4m | Reduced -78.7k |
| PRIVATE MANAGEMENT GROUP INC 1.00% of their portfolio | 2.3m $23.5m | Reduced -51.9k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 1.9m $19.1m | Added +420.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $17.4m | Added +332.9k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 1.4m $14.1m | Added +426.6k |
| TimesSquare Capital Management, LLC 0.20% of their portfolio | 1.4m $13.9m | Reduced -168.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.4m $13.8m | Added +307.2k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 1.3m $13.0m | Added +77.6k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 1.3m $13.0m | New |
| GLOBEFLEX CAPITAL L P 1.32% of their portfolio | 1.2m $11.8m | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 1.1m $10.8m | Added +357.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 1.0m $10.3m | Added +311.4k |
| Handelsbanken Fonder AB 0.06% of their portfolio | 1.0m $10.3m | Added +50.0k |
| FIL Ltd 0.01% of their portfolio | 1.0m $10.3m | New |
| Clearbridge Investments, LLC 0.01% of their portfolio | 955.5k $9.8m | Added +234.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.05% of their portfolio | 903.0k $9.3m | Added +74.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 865.1k $8.9m | Added +57.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 808.9k $8.3m | Added +328.3k |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 726.2k $7.4m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 721.1k $7.4m | Added +132.3k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 687.5k $7.0m | Reduced -1.3m |
| Amundi 0.00% of their portfolio | 686.4k $7.0m | Unchanged |
| INCA Investments LLC 2.41% of their portfolio | 672.8k $6.9m | Reduced -235.8k |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 650.2k $6.7m | Added +582.9k |
| AXIOM INVESTORS LLC /DE 0.09% of their portfolio | 613.2k $6.3m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 561.6k $5.8m | Reduced -49.3k |
| Boston Partners 0.01% of their portfolio | 554.8k $4.5m | Reduced -2.3k |
| BW Gestao de Investimentos Ltda. 0.86% of their portfolio | 551.8k $5.7m | Reduced -802.5k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 505.2k $5.2m | Added +25.1k |
| O'Keefe Stevens Advisory, Inc. 2.21% of their portfolio | 501.1k $5.1m | Reduced -3.8k |
| Sapience Investments, LLC 1.04% of their portfolio | 449.5k $4.6m | New |
| American Trust Investment Advisors, LLC 2.42% of their portfolio | 421.7k $4.3m | Added +1.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 407.4k $4.2m | Added +12.7k |
| Itau Unibanco Holding S.A. 0.18% of their portfolio | 376.2k $3.9m | New |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 368.1k $3.8m | Reduced -98.1k |
| DEPRINCE RACE & ZOLLO INC 0.08% of their portfolio | 356.8k $3.7m | Unchanged |
| Redwood Investments, LLC 0.44% of their portfolio | 353.3k $3.6m | Added +47.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 328.3k $3.4m | New |
| AUXIER ASSET MANAGEMENT LLC 0.55% of their portfolio | 323.9k $3.3m | Reduced -3.2k |
| Employees Retirement System of Texas 0.05% of their portfolio | 323.8k $3.3m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 308.9k $3.2m | Reduced -131.3k |
| Hedges Asset Management LLC 2.50% of their portfolio | 288.3k $3.0m | Reduced -12.3k |
| DELTEC ASSET MANAGEMENT LLC 0.64% of their portfolio | 286.4k $2.9m | Reduced -62.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 263.1k $2.7m | New |
| SPX Gestao de Recursos Ltda 0.12% of their portfolio | 250.6k $2.6m | New |
| RENAISSANCE GROUP LLC 0.10% of their portfolio | 229.9k $2.4m | Added +31.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 228.7k $2.3m | Added +77.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 225.3k $2.3m | New |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 198.0k $1.7m | First filing |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.36% of their portfolio | 196.8k $2.0m | Added +1.0k |
| Black Creek Investment Management Inc. 0.07% of their portfolio | 190.0k $1.9m | Reduced -70.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 186.0k $1.9m | Added +54.7k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 180.6k $1.9m | Reduced -357.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 177.7k $1.8m | Added +13.4k |
| ADVISORY RESEARCH INC 0.21% of their portfolio | 160.7k $1.6m | Added +29.5k |
| CITIGROUP INC 0.00% of their portfolio | 155.7k $1.6m | Added +306 |
| MIRABELLA FINANCIAL SERVICES LLP 0.18% of their portfolio | 154.5k $1.6m | Reduced -76.8k |
| Engineers Gate Manager LP 0.06% of their portfolio | 153.7k $1.6m | Added +34.2k |
| Ruffer LLP 0.09% of their portfolio | 152.1k $1.6m | Unchanged |
| Long Focus Capital Management, LLC 0.23% of their portfolio | 150.0k $1.5m | Unchanged |
| Jump Financial, LLC 0.05% of their portfolio | 141.7k $1.5m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 131.0k $1.3m | Added +253 |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 123.2k $1.3m | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 108.1k $1.1m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 103.5k $1.1m | Added +65 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 99.8k $1.0m | Added +59.9k |
| Calamos Advisors LLC 0.01% of their portfolio | 98.8k $1.0m | Reduced -6.3k |
| PDT Partners, LLC 0.13% of their portfolio | 94.4k $967.6k | Reduced -236 |
| BlackRock Inc. 0.00% of their portfolio | 85.5k $876.4k | Added +6.5k |
| Diligent Investors, LLC 0.25% of their portfolio | 83.8k $858.8k | Added +29 |
| HRT FINANCIAL LP 0.01% of their portfolio | 80.1k $821.0k | Added +16.8k |
| UBS Group AG 0.00% of their portfolio | 75.3k $772.0k | Added +20.4k |
| Yorktown Management & Research Co Inc 0.80% of their portfolio | 73.0k $748.2k | Reduced -12.0k |
| GSA CAPITAL PARTNERS LLP 0.07% of their portfolio | 71.1k $729.0k | Reduced -3.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 69.9k $716.1k | Added +49.9k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 67.3k $690.0k | New |
| NJ State Employees Deferred Compensation Plan 0.10% of their portfolio | 65.8k $674.2k | Unchanged |
| Inspire Investing, LLC 0.08% of their portfolio | 63.8k $654.1k | New |
| DUMAC, INC. 2.05% of their portfolio | 60.9k $623.8k | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 58.4k $598.6k | New |
| Moors & Cabot, Inc. 0.04% of their portfolio | 55.9k $573.1k | Reduced -72.8k |
| DGS Capital Management, LLC 0.28% of their portfolio | 55.8k $572.0k | Added +5.7k |
| Quantbot Technologies LP 0.03% of their portfolio | 44.8k $459.1k | New |
| Freedom Investment Management, Inc. 0.05% of their portfolio | 44.7k $458.4k | Reduced -4.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 42.2k $432.9k | Added +23.0k |
| Campbell & CO Investment Adviser LLC 0.07% of their portfolio | 40.0k $410.5k | Added +8.5k |
| Independent Advisor Alliance 0.02% of their portfolio | 38.8k $397.6k | Reduced -925 |
| Investors Research Corp 0.09% of their portfolio | 34.5k $353.1k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 30.6k $314.1k | Reduced -669 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 29.3k $300.0k | Reduced -16.6k |
| TWO SIGMA SECURITIES, LLC 0.02% of their portfolio | 28.4k $291.0k | New |
| Inlet Private Wealth, LLC 0.07% of their portfolio | 26.7k $273.6k | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 26.1k $268.0k | Unchanged |
| OBERWEIS ASSET MANAGEMENT INC/ 0.03% of their portfolio | 23.2k $237.8k | New |
| Bayesian Capital Management, LP 0.02% of their portfolio | 22.4k $229.1k | New |