Vault-13

ARCOS DORADOS HOLDINGS INC ARCO

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

182 institutional holders +1 vs Q1 2024
99,040,81899.0m shares reported held*
$890.8mreported value*
22 new 61 added 65 reduced 24 sold out net sold ≈ $47.1m (-5.4m 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 ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.99. Options: 5 managers hold calls ($402.1k notional), 6 hold puts ($990.6k).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 131Q4 22: 136Q1 23: 145Q2 23: 158Q3 23: 146Q4 23: 177Q1 24: 181Q2 24: 182182Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022131
Q4 2022136
Q1 2023145
Q2 2023158
Q3 2023146
Q4 2023177
Q1 2024181
Q2 2024182

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 outQ2 23: 87 bought or addedQ2 23: 66 cut or sold outQ2 23Q3 23: 57 bought or addedQ3 23: 93 cut or sold outQ4 23: 84 bought or addedQ4 23: 71 cut or sold outQ4 23Q1 24: 91 bought or addedQ1 24: 83 cut or sold outQ2 24: 83 bought or addedQ2 24: 89 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20226454
Q1 20236670
Q2 20238766
Q3 20235793
Q4 20238471
Q1 20249183
Q2 20248389

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 23 calls: $3.2mQ3 23 puts: $115.4kQ3 23P/C 0.04Q4 23 calls: $5.4mQ4 23 puts: $388.9kQ4 23P/C 0.07Q1 24 calls: $893.7kQ1 24 puts: $2.3mQ1 24P/C 2.61Q2 24 calls: $402.1kQ2 24 puts: $990.6kQ2 24P/C 2.46
Numbers
QuarterCallsPutsP/C
Q3 2023$3.2m$115.4k0.04
Q4 2023$5.4m$388.9k0.07
Q1 2024$893.7k$2.3m2.61
Q2 2024$402.1k$990.6k2.46

Biggest buyers

JPMORGAN CHASE & CO Added +9,250,856+9.3m
PRICE T ROWE ASSOCIATES INC /MD/ Added +5,112,007+5.1m
COMPASS GROUP LLC Added +2,126,407+2.1m
Fourth Sail Capital LP New +1,829,223+1.8m
MARSHALL WACE, LLP New +792,035+792.0k
INCA Investments LLC Added +789,147+789.1k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Added +448,427+448.4k
Medina Value Partners, LLC New +310,212+310.2k
Atom Investors LP New +191,942+191.9k
Qube Research & Technologies Ltd Added +188,786+188.8k

Biggest sellers

MORGAN STANLEY Reduced -9,838,756-9.8m
FIL Ltd Sold out -6,257,406-6.3m
Perpetual Ltd Reduced -3,051,653-3.1m
Aubrey Capital Management Ltd Reduced -1,208,942-1.2m
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Sold out -953,822-953.8k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sold out -936,912-936.9k
Invesco Ltd. Reduced -801,740-801.7k
AXIOM INVESTORS LLC /DE Reduced -765,800-765.8k
MILLENNIUM MANAGEMENT LLC Reduced -442,370-442.4k
Employees Retirement System of Texas Sold out -323,807-323.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $190.8k21.2k shares
SIMPLEX TRADING, LLC Added $169.0k18.8k shares
CITADEL ADVISORS LLC Reduced $22.5k2.5k shares
GROUP ONE TRADING LLC Added $19.8k2.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $347.4k38.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $273.6k30.4k shares
IMC-Chicago, LLC Reduced $202.5k22.5k shares
SIMPLEX TRADING, LLC Reduced $132.0k14.7k shares
GROUP ONE TRADING LLC Added $35.1k3.9k 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 2024

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 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 25,573,44225.6m $230.2m $230.2m 0.01% Added +9.3m +9,250,856
2 Nuveen Asset Management, LLC 0.04% of their portfolio CHICAGO, IL 15,821,64315.8m $142.4m $142.4m 0.04% Reduced -10 -10
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 7,726,7327.7m $69.5m $69.5m 0.01% Added +5.1m +5,112,007
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,404,2835.4m $48.6m $48.6m 0.00% Reduced -9.8m -9,838,756
5 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 4,299,8784.3m $38.7m $38.7m 0.01% Reduced -801.7k -801,740
6 PRIVATE MANAGEMENT GROUP INC 0.75% of their portfolio IRVINE, CA 2,168,5042.2m $19.5m $19.5m 0.75% Added +141.8k +141,784
7 COMPASS GROUP LLC 14.46% of their portfolio NEW YORK, NY 2,151,4072.2m $19.4m $19.4m 14.46% Added +2.1m +2,126,407
8 Moerus Capital Management LLC 6.74% of their portfolio NEW YORK, NY 2,075,9852.1m $18.7m $18.7m 6.74% Added +26.3k +26,279
9 Fourth Sail Capital LP 3.77% of their portfolio GRAND CAYMAN, E9 1,829,2231.8m $16.5m $16.5m 3.77% New
10 Absolute Gestao de Investimentos Ltda. 8.26% of their portfolio SAO PAULO, D5 1,758,9071.8m $15.8m $15.8m 8.26% Reduced -272.2k -272,170
11 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 1,581,9031.6m $14.2m $14.2m 0.02% Reduced -30.9k -30,921
12 TimesSquare Capital Management, LLC 0.22% of their portfolio NEW YORK, NY 1,566,5901.6m $14.1m $14.1m 0.22% Added +100.6k +100,590
13 Perpetual Ltd 0.14% of their portfolio SYDNEY, NEW SOUTH WALES, C3 1,412,9741.4m $12.7m $12.7m 0.14% Reduced -3.1m -3,051,653
14 INCA Investments LLC 5.06% of their portfolio MIAMI, FL 1,330,2551.3m $12.0m $12.0m 5.06% Added +789.1k +789,147
15 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio CAUSEWAY BAY, K3 1,198,6541.2m $10.8m $10.8m 0.03% First filing
16 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 1,147,5401.1m $10.3m $10.3m 0.01% Reduced -442.4k -442,370
17 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 1,078,9921.1m $9.7m $9.7m 0.02% Added +188.8k +188,786
18 Clearbridge Investments, LLC 0.01% of their portfolio NEW YORK, NY 954,313954.3k $8.6m $8.6m 0.01% Reduced -31.0k -30,969
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 932,486932.5k $8.4m $8.4m 0.00% Reduced -90.2k -90,166
20 VAN ECK ASSOCIATES CORP 0.01% of their portfolio NEW YORK, NY 824,011824.0k $7.4m $7.4m 0.01% Reduced -11.0k -11,008
21 GLOBEFLEX CAPITAL L P 0.77% of their portfolio SAN DIEGO, CA 815,609815.6k $7.3m $7.3m 0.77% Unchanged
22 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 800,924800.9k $7.2m $7.2m 0.02% Added +187.8k +187,846
23 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 792,035792.0k $7.1m $7.1m 0.01% New
24 Amundi 0.00% of their portfolio Paris, I0 767,052767.1k $7.0m $7.0m 0.00% Unchanged
25 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio JUPITER, FL 698,298698.3k $6.3m $6.3m 0.02% Added +448.4k +448,427
26 RENAISSANCE GROUP LLC 0.24% of their portfolio Covington, KY 689,390689.4k $6.2m $6.2m 0.24% Reduced -22.3k -22,278
27 Handelsbanken Fonder AB 0.02% of their portfolio STOCKHOLM, V7 629,330629.3k $5.7m $5.7m 0.02% Reduced -15.6k -15,600
28 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 552,934552.9k $5.0m $5.0m 0.01% Reduced -116.9k -116,900
29 O'Keefe Stevens Advisory, Inc. 1.49% of their portfolio ROCHESTER, NY 493,902493.9k $4.4m $4.4m 1.49% Reduced -369 -369
30 Banco BTG Pactual S.A. 1.20% of their portfolio RIO DE JANEIRO, D5 480,598480.6k $4.7m $4.7m 1.20% Added +180.0k +180,000
31 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 476,537476.5k $4.0m $4.0m 0.02% Reduced -271.3k -271,304
32 NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio STOCKHOLM, V7 447,648447.6k $4.1m $4.1m 0.00% Reduced -10.7k -10,707
33 Redwood Investments, LLC 0.61% of their portfolio BOSTON, MA 432,557432.6k $1.8m $1.8m 0.61% Reduced -78.0k -77,993
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 376,977377.0k $3.4m $3.4m 0.00% Added +19.6k +19,648
35 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 334,258334.3k $3.0m $3.0m 0.00% Reduced -104.4k -104,382
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 331,027331.0k $3.0m $3.0m 0.00% Reduced -126.8k -126,839
37 Sapience Investments, LLC 1.43% of their portfolio Irvine, CA 311,120311.1k $2.8m $2.8m 1.43% Reduced -167.2k -167,213
38 Medina Value Partners, LLC 1.40% of their portfolio LOS ANGELES, CA 310,212310.2k $2.8m $2.8m 1.40% New
39 AUXIER ASSET MANAGEMENT LLC 0.44% of their portfolio AURORA, OR 306,931306.9k $2.8m $2.8m 0.44% Unchanged
40 American Capital Advisory, LLC 2.63% of their portfolio KETCHUM, ID 290,411290.4k $3.7m $3.7m 2.63% Added +30.6k +30,595
41 Hedges Asset Management LLC 1.80% of their portfolio RENO, NV 279,000279.0k $2.5m $2.5m 1.80% Unchanged
42 SAPIENT CAPITAL LLC 0.05% of their portfolio INDIANAPOLIS, IN 276,801276.8k $2.5m $2.5m 0.05% Unchanged
43 DEPRINCE RACE & ZOLLO INC 0.05% of their portfolio Winter Park, FL 271,049271.0k $2.4m $2.4m 0.05% Reduced -590 -590
44 American Trust Investment Advisors, LLC 1.15% of their portfolio Lebanon, NH 261,984262.0k $2.4m $2.4m 1.15% Added +16.5k +16,466
45 DELTEC ASSET MANAGEMENT LLC 0.40% of their portfolio New York, NY 235,038235.0k $2.1m $2.1m 0.40% Added +10.5k +10,500
46 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 219,626219.6k $2.0m $2.0m 0.00% Reduced -287.6k -287,576
47 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 202,198202.2k $1.8m $1.8m 0.00% Reduced -80.8k -80,770
48 Nebula Research & Development LLC 0.29% of their portfolio New York, NY 197,330197.3k $1.8m $1.8m 0.29% Added +58.6k +58,628
49 Boston Partners 0.00% of their portfolio BOSTON, MA 197,050197.1k $1.8m $1.8m 0.00% Reduced -6.7k -6,662
50 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 193,800193.8k $1.7m $1.7m 0.01% Reduced -4.2k -4,200
51 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 193,017193.0k $1.7m $1.7m 0.00% Added +5.9k +5,917
52 Atom Investors LP 0.17% of their portfolio AUSTIN, TX 191,942191.9k $1.7m $1.7m 0.17% New
53 AlphaCore Capital LLC 0.41% of their portfolio LA JOLLA, CA 188,668188.7k $1.7m $1.7m 0.41% Added +35.4k +35,375
54 AXIOM INVESTORS LLC /DE 0.01% of their portfolio GREENWICH, CT 187,900187.9k $1.7m $1.7m 0.01% Reduced -765.8k -765,800
55 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 185,600185.6k $1.7m $1.7m 0.02% Added +3.3k +3,300
56 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 183,999184.0k $1.7m $1.7m 0.00% Added +12.4k +12,388
57 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 183,378183.4k $1.7m $1.7m 0.03% Added +162.3k +162,283
58 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 179,613179.6k $1.6m $1.6m 0.00% Reduced -19.4k -19,401
59 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 171,840171.8k $1.5m $1.5m 0.00% Added +46 +46
60 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.26% of their portfolio Reston, VA 157,276157.3k $1.4m $1.4m 0.26% Reduced -2.9k -2,935
61 Long Focus Capital Management, LLC 0.14% of their portfolio SAN JUAN, PR 150,000150.0k $1.4m $1.4m 0.14% Unchanged
62 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 145,817145.8k $1.3m $1.3m 0.00% Reduced -2.2k -2,221
63 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 144,427144.4k $1.3m $1.3m 0.00% Reduced -317.7k -317,700
64 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 143,788143.8k $1.3m $1.3m 0.00% Added +98.4k +98,387
65 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 142,518142.5k $1.3m $1.3m 0.02% Added +4.8k +4,826
66 PDT Partners, LLC 0.12% of their portfolio New York, NY 136,348136.3k $1.2m $1.2m 0.12% Reduced -25.8k -25,797
67 Black Creek Investment Management Inc. 0.05% of their portfolio TORONTO, A6 135,000135.0k $1.2m $1.2m 0.05% Unchanged
68 Ruffer LLP 0.05% of their portfolio LONDON, X0 127,142127.1k $1.1m $1.1m 0.05% Reduced -25.0k -25,000
69 CLOUGH CAPITAL PARTNERS L P 0.11% of their portfolio Boston, MA 116,481116.5k $1.0m $1.0m 0.11% New
70 Campbell & CO Investment Adviser LLC 0.09% of their portfolio BALTIMORE, MD 115,363115.4k $1.0m $1.0m 0.09% New
71 Ramirez Asset Management, Inc. 0.21% of their portfolio NEW YORK, NY 113,882113.9k $1.0m $1.0m 0.21% New
72 BlackRock Inc. 0.00% of their portfolio New York, NY 108,957109.0k $980.6k $980.6k 0.00% Reduced -47.3k -47,336
73 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.03% of their portfolio CHICAGO, IL 107,023107.0k $963.2k $963.2k 0.03% Not comparable
74 GSA CAPITAL PARTNERS LLP 0.06% of their portfolio LONDON, X0 95,79595.8k $862.0k $862.0k 0.06% Added +82.1k +82,123
75 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 93,63193.6k $842.7k $842.7k 0.00% Reduced -7.7k -7,713
76 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 89,84789.8k $808.6k $808.6k 0.00% Reduced -221.5k -221,476
77 Verde Servicos Internacionais S.A. 0.32% of their portfolio SAO PAULO, D5 77,00077.0k $693.0k $693.0k 0.32% New
78 Yorktown Management & Research Co Inc 0.71% of their portfolio Forest, VA 73,00073.0k $657.0k $657.0k 0.71% Unchanged
79 Oliver Luxxe Assets LLC 0.14% of their portfolio GLADSTONE, NJ 72,48472.5k $652.4k $652.4k 0.14% Added +2.6k +2,560
80 Diligent Investors, LLC 0.16% of their portfolio REDLANDS, CA 69,68369.7k $627.1k $627.1k 0.16% Reduced -285 -285
81 NJ State Employees Deferred Compensation Plan 0.07% of their portfolio TRENTON, NJ 65,77965.8k $592.0k $592.0k 0.07% Unchanged
82 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 64,64464.6k $581.8k $581.8k 0.00% Added +13.1k +13,065
83 DUMAC, INC. 1.75% of their portfolio DURHAM, NC 60,85760.9k $547.7k $547.7k 1.75% Unchanged
84 FOX RUN MANAGEMENT, L.L.C. 0.10% of their portfolio GREENWICH, CT 59,11459.1k $532.0k $532.0k 0.10% Added +19.4k +19,418
85 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 58,52558.5k $526.1k $526.1k 0.01% Added +23.8k +23,837
86 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 58,27958.3k $524.5k $524.5k 0.00% Added +30.0k +30,047
87 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 56,48256.5k $512.4k $512.4k 0.00% Reduced -3.1k -3,113
88 DGS Capital Management, LLC 0.14% of their portfolio JERSEY CITY, NJ 54,83854.8k $493.5k $493.5k 0.14% Added +1.3k +1,278
89 FRED ALGER MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 52,70452.7k $474.3k $474.3k 0.00% Reduced -168.8k -168,827
90 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 52,15652.2k $469.4k $469.4k 0.00% Reduced -43.9k -43,938
91 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 49,80749.8k $448.3k $448.3k 0.00% Reduced -10.0k -10,030
92 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 46,90246.9k $422.1k $422.1k 0.00% Reduced -1.7k -1,655
93 Orion Portfolio Solutions, LLC 0.00% of their portfolio Omaha, NE 46,90246.9k $422.1k $422.1k 0.00% Reduced -1.7k -1,655
94 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 46,31746.3k $416.9k $416.9k 0.00% Added +2.2k +2,247
95 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 44,84344.8k $403.6k $403.6k 0.03% Added +15.9k +15,888
96 State of New Jersey Common Pension Fund D 0.00% of their portfolio TRENTON, NJ 42,85142.9k $385.7k $385.7k 0.00% Reduced -150.6k -150,609
97 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 40,80940.8k $367.3k $367.3k 0.00% Added +1.5k +1,501
98 Petrus Trust Company, LTA 0.03% of their portfolio Dallas, TX 39,60339.6k $356.4k $356.4k 0.03% Reduced -14.9k -14,935
99 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 38,93338.9k $350.4k $350.4k 0.00% Reduced -14.6k -14,572
100 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 38,81738.8k $349.4k $349.4k 0.01% Reduced -20.8k -20,847