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. Holder counts are more reliable. Implied quarter-end price ≈ $9.46. Options: 5 managers hold calls ($3.2m notional), 4 hold puts ($115.4k).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 131 |
| Q4 2022 | 136 |
| Q1 2023 | 145 |
| Q2 2023 | 158 |
| Q3 2023 | 146 |
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 |
| Q3 2023 | 57 | 93 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $744.6k | $301.3k | 0.40 |
| Q1 2023 | $943.7k | $66.6k | 0.07 |
| Q2 2023 | $266.5k | $110.5k | 0.41 |
| Q3 2023 | $3.2m | $115.4k | 0.04 |
Biggest buyers
| FIL Ltd | Added | +4.0m |
| JPMORGAN CHASE & CO | Added | +2.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.7m |
| Itau Unibanco Holding S.A. | Added | +305.6k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +300.0k |
| Sapience Investments, LLC | Added | +285.4k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +277.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | New | +272.9k |
| TD Waterhouse Canada Inc. | Added | +251.4k |
| AXIOM INVESTORS LLC /DE | Added | +250.4k |
Biggest sellers
| BANK OF MONTREAL /CAN/ | Reduced | -3.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.3m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.1m |
| MARSHALL WACE, LLP | Reduced | -758.2k |
| Assenagon Asset Management S.A. | Sold out | -726.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -597.3k |
| CITADEL ADVISORS LLC | Reduced | -571.8k |
| TWO SIGMA ADVISERS, LP | Reduced | -489.9k |
| MACQUARIE GROUP LTD | Reduced | -488.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -380.8k |
Biggest calls
| Calamos Advisors LLC | New | $2.9m283.5k shares |
| CITADEL ADVISORS LLC | Added | $191.1k20.2k shares |
| GROUP ONE TRADING LLC | Reduced | $122.0k12.9k shares |
| SIMPLEX TRADING, LLC | Added | $2.0k300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $113.5k12.0k shares |
| GROUP ONE TRADING LLC | New | $1.9k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| SIMPLEX TRADING, LLC | Reduced | $0100 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 Q3 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 Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Nuveen Asset Management, LLC 0.05% of their portfolio | 15.8m $149.7m | Added +1.2k |
| Invesco Ltd. 0.02% of their portfolio | 9.1m $85.6m | Added +139.6k |
| FIL Ltd 0.06% of their portfolio | 5.0m $47.2m | Added +4.0m |
| MORGAN STANLEY 0.00% of their portfolio | 5.0m $47.1m | Reduced -290.5k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.6m $43.4m | Added +2.9m |
| Moerus Capital Management LLC 8.15% of their portfolio | 2.6m $24.7m | Reduced -282.8k |
| PRIVATE MANAGEMENT GROUP INC 0.87% of their portfolio | 2.2m $21.1m | Reduced -64.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.0m $19.3m | Added +1.7m |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.6m $15.4m | Added +277.6k |
| TimesSquare Capital Management, LLC 0.22% of their portfolio | 1.5m $13.8m | Added +109.6k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.5m $13.8m | Reduced -1.3m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 1.1m $10.5m | Reduced -159.5k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 1.1m $10.5m | Reduced -758.2k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 993.7k $9.4m | Added +38.2k |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 962.1k $8.6m | Reduced -171.6k |
| GLOBEFLEX CAPITAL L P 1.06% of their portfolio | 953.3k $9.0m | Reduced -199.7k |
| Handelsbanken Fonder AB 0.05% of their portfolio | 897.6k $8.5m | Reduced -107.8k |
| AXIOM INVESTORS LLC /DE 0.12% of their portfolio | 863.6k $8.2m | Added +250.4k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 787.1k $7.4m | Added +137.0k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 783.1k $7.4m | Reduced -489.9k |
| Amundi 0.00% of their portfolio | 746.4k $7.1m | Added +60.0k |
| Sapience Investments, LLC 1.67% of their portfolio | 735.0k $7.0m | Added +285.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 705.1k $6.7m | Reduced -197.9k |
| Itau Unibanco Holding S.A. 0.29% of their portfolio | 681.8k $6.5m | Added +305.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 625.7k $5.9m | Reduced -380.8k |
| INCA Investments LLC 2.36% of their portfolio | 621.6k $5.9m | Reduced -51.2k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 543.0k $5.1m | Added +37.7k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 537.7k $5.1m | Added +169.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 522.3k $4.9m | Reduced -342.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 514.5k $4.9m | Reduced -47.1k |
| O'Keefe Stevens Advisory, Inc. 2.15% of their portfolio | 498.3k $4.7m | Reduced -2.7k |
| American Trust Investment Advisors, LLC 2.19% of their portfolio | 418.8k $4.0m | Reduced -2.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 371.3k $3.5m | Reduced -36.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio | 359.4k $3.4m | Added +134.1k |
| DEPRINCE RACE & ZOLLO INC 0.08% of their portfolio | 356.8k $3.4m | Unchanged |
| Boston Partners 0.00% of their portfolio | 341.3k $2.6m | Reduced -213.6k |
| Employees Retirement System of Texas 0.05% of their portfolio | 323.8k $3.1m | Unchanged |
| AUXIER ASSET MANAGEMENT LLC 0.52% of their portfolio | 321.4k $3.0m | Reduced -2.5k |
| BW Gestao de Investimentos Ltda. 0.37% of their portfolio | 315.8k $3.0m | Reduced -236.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 313.4k $3.0m | Added +4.5k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 306.8k $2.9m | Reduced -1.1m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 300.0k $2.8m | New |
| Hedges Asset Management LLC 2.34% of their portfolio | 282.9k $2.7m | Reduced -5.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 272.9k $2.6m | New |
| Redwood Investments, LLC 0.34% of their portfolio | 269.4k $2.5m | Reduced -83.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 263.1k $2.5m | Unchanged |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 261.8k $2.5m | Added +203.4k |
| RENAISSANCE GROUP LLC 0.11% of their portfolio | 252.7k $2.4m | Added +22.8k |
| TD Waterhouse Canada Inc. 0.03% of their portfolio | 251.9k $2.8m | Added +251.4k |
| Banco BTG Pactual S.A. 0.96% of their portfolio | 249.7k $2.4m | New |
| DELTEC ASSET MANAGEMENT LLC 0.48% of their portfolio | 223.6k $2.1m | Reduced -62.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 211.6k $2.0m | Reduced -597.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 207.1k $2.0m | Reduced -21.7k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 199.0k $1.9m | Reduced -488.4k |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.33% of their portfolio | 196.6k $1.9m | Reduced -223 |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 187.1k $1.8m | Reduced -10.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 170.5k $1.6m | Reduced -7.3k |
| MIRABELLA FINANCIAL SERVICES LLP 0.23% of their portfolio | 170.3k $1.6m | Added +15.7k |
| CITIGROUP INC 0.00% of their portfolio | 162.3k $1.5m | Added +6.7k |
| Black Creek Investment Management Inc. 0.06% of their portfolio | 160.0k $1.5m | Reduced -30.0k |
| Ruffer LLP 0.08% of their portfolio | 152.1k $1.4m | Unchanged |
| Long Focus Capital Management, LLC 0.20% of their portfolio | 150.0k $1.4m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 149.3k $1.4m | Reduced -571.8k |
| Odey Asset Management LLP 1.67% of their portfolio | 141.5k $1.3m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 125.1k $1.2m | Reduced -5.8k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 123.2k $1.2m | Unchanged |
| PDT Partners, LLC 0.14% of their portfolio | 120.2k $1.1m | Added +25.8k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 112.4k $1.1m | Added +4.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 111.2k $1.1m | Reduced -74.8k |
| Freedom Investment Management, Inc. 0.12% of their portfolio | 106.7k $1.0m | Added +62.0k |
| ADVISORY RESEARCH INC 0.14% of their portfolio | 106.5k $1.0m | Reduced -54.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 102.2k $966.5k | Reduced -1.3k |
| AlphaCore Capital LLC 0.15% of their portfolio | 99.0k $936.1k | New |
| BlackRock Inc. 0.00% of their portfolio | 91.7k $867.5k | Added +6.2k |
| Diligent Investors, LLC 0.24% of their portfolio | 83.3k $787.9k | Reduced -504 |
| Yorktown Management & Research Co Inc 0.78% of their portfolio | 73.0k $690.6k | Unchanged |
| Harbour Capital Advisors, LLC 0.19% of their portfolio | 68.6k $649.2k | New |
| NJ State Employees Deferred Compensation Plan 0.09% of their portfolio | 65.8k $622.3k | Unchanged |
| Engineers Gate Manager LP 0.02% of their portfolio | 62.3k $589.5k | Reduced -91.4k |
| DGS Capital Management, LLC 0.26% of their portfolio | 57.0k $538.8k | Added +1.2k |
| Oliver Luxxe Assets LLC 0.12% of their portfolio | 49.0k $463.5k | New |
| UBS Group AG 0.00% of their portfolio | 46.6k $440.9k | Reduced -28.7k |
| Walleye Capital LLC 0.01% of their portfolio | 42.9k $406.3k | New |
| Independent Advisor Alliance 0.02% of their portfolio | 38.8k $367.1k | Added +9 |
| Moors & Cabot, Inc. 0.02% of their portfolio | 36.9k $349.3k | Reduced -19.0k |
| Aquatic Capital Management LLC 0.01% of their portfolio | 32.8k $310.0k | Added +29.7k |
| Investors Research Corp 0.08% of their portfolio | 32.1k $303.4k | Reduced -2.4k |
| Man Group plc 0.00% of their portfolio | 31.9k $301.4k | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 30.0k $339.9k | Reduced -3.0m |
| STATE STREET CORP 0.00% of their portfolio | 30.0k $283.8k | Reduced -636 |
| LPL Financial LLC 0.00% of their portfolio | 27.0k $255.0k | Added +12.3k |
| Inlet Private Wealth, LLC 0.08% of their portfolio | 26.4k $249.6k | Reduced -305 |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 24.2k $229.0k | Reduced -46.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 23.7k $224.6k | Added +2.6k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.02% of their portfolio | 23.2k $219.5k | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 21.3k $201.0k | New |
| Jump Financial, LLC 0.01% of their portfolio | 21.1k $199.9k | Reduced -120.5k |
| CLOUGH CAPITAL PARTNERS L P 0.02% of their portfolio | 20.6k $195.0k | New |
| QUATTRO FINANCIAL ADVISORS LLC 0.08% of their portfolio | 20.6k $194.4k | Unchanged |
| BFSG, LLC 0.03% of their portfolio | 19.6k $186.0k | New |