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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.89. Options: 5 managers hold calls ($950.1k notional), 6 hold puts ($2.1m).
Trends to Q2 2025
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 |
| Q4 2023 | 177 |
| Q1 2024 | 181 |
| Q2 2024 | 182 |
| Q3 2024 | 168 |
| Q4 2024 | 162 |
| Q1 2025 | 165 |
| Q2 2025 | 152 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 57 | 93 |
| Q4 2023 | 84 | 71 |
| Q1 2024 | 91 | 83 |
| Q2 2024 | 83 | 89 |
| Q3 2024 | 90 | 92 |
| Q4 2024 | 86 | 80 |
| Q1 2025 | 88 | 66 |
| Q2 2025 | 79 | 80 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $383.4k | $335.7k | 0.88 |
| Q4 2024 | $332.2k | $305.4k | 0.92 |
| Q1 2025 | $263.8k | $414.1k | 1.57 |
| Q2 2025 | $950.1k | $2.1m | 2.19 |
Biggest buyers
| LAZARD ASSET MANAGEMENT LLC | New | +14.9m |
| PZENA INVESTMENT MANAGEMENT LLC | New | +6.5m |
| SPX Gestao de Recursos Ltda | Added | +2.0m |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP | New | +1.9m |
| FRANKLIN RESOURCES INC | Added | +1.3m |
| ROYAL BANK OF CANADA | Added | +796.1k |
| State of New Jersey Common Pension Fund D | New | +728.8k |
| Rockefeller Capital Management L.P. | Added | +400.1k |
| BANK OF AMERICA CORP /DE/ | Added | +327.6k |
| Inlet Private Wealth, LLC | Added | +319.7k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -8.4m |
| JPMORGAN CHASE & CO | Reduced | -5.3m |
| Fourth Sail Capital LP | Sold out | -3.3m |
| Invesco Ltd. | Reduced | -2.7m |
| Medina Value Partners, LLC | Sold out | -1.6m |
| ALTA FOX CAPITAL MANAGEMENT, LLC | Sold out | -1.1m |
| Fiera Capital Corp | Sold out | -666.2k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -486.7k |
| Mirae Asset Global Investments Co., Ltd. | Sold out | -476.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -376.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $557.0k70.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $276.9k35.1k shares |
| SIMPLEX TRADING, LLC | Added | $94.0k12.0k shares |
| GROUP ONE TRADING LLC | Added | $22.1k2.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $841.9k106.7k shares |
| SIMPLEX TRADING, LLC | Added | $601.0k76.2k shares |
| CITADEL ADVISORS LLC | Added | $343.2k43.5k shares |
| WOLVERINE TRADING, LLC | New | $160.3k20.6k shares |
| GROUP ONE TRADING LLC | Added | $137.3k17.4k 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 2025
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 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio | 14.9m $117.3m | New |
| Nuveen, LLC 0.02% of their portfolio | 9.8m $77.6m | Reduced -36.8k |
| PZENA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 6.5m $51.5m | New |
| SPX Gestao de Recursos Ltda 3.35% of their portfolio | 4.5m $35.8m | Added +2.0m |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 3.9m $30.8m | Added +1.3m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.05% of their portfolio | 3.5m $27.7m | Added +106.0k |
| MORGAN STANLEY 0.00% of their portfolio | 3.4m $26.9m | Reduced -143.3k |
| Moerus Capital Management LLC 11.20% of their portfolio | 3.3m $26.3m | Reduced -224.5k |
| PRIVATE MANAGEMENT GROUP INC 0.82% of their portfolio | 3.2m $25.1m | Reduced -22.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 2.1m $16.8m | Reduced -8.4m |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 8.26% of their portfolio | 1.9m $15.0m | New |
| Perpetual Ltd 0.16% of their portfolio | 1.7m $13.8m | Added +66.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $13.7m | Reduced -5.3m |
| Emeth Value Capital, LLC 10.74% of their portfolio | 1.5m $12.1m | Added +138.7k |
| MANAGED ASSET PORTFOLIOS, LLC 1.49% of their portfolio | 1.5m $11.5m | Added +62.3k |
| INCA Investments LLC 4.29% of their portfolio | 1.4m $11.0m | Added +97.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.3m $10.5m | Added +796.1k |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $8.6m | Reduced -2.7m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 976.7k $7.7m | Added +327.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 915.8k $7.2m | Reduced -128.3k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 882.1k $7.0m | Reduced -14.4k |
| TimesSquare Capital Management, LLC 0.10% of their portfolio | 873.7k $6.9m | Reduced -223.5k |
| GLOBEFLEX CAPITAL L P 0.53% of their portfolio | 815.6k $6.4m | Unchanged |
| State of New Jersey Common Pension Fund D 0.02% of their portfolio | 728.8k $5.8m | New |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 710.5k $5.6m | Added +400.1k |
| Amundi 0.00% of their portfolio | 697.1k $5.4m | Unchanged |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.14% of their portfolio | 661.1k $5.2m | Added +70.7k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 619.3k $4.9m | Reduced -75.9k |
| PDT Partners, LLC 0.25% of their portfolio | 564.5k $4.5m | Added +171.8k |
| O'Keefe Stevens Advisory, Inc. 1.15% of their portfolio | 517.2k $4.1m | Added +11.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 433.2k $3.4m | Added +191.6k |
| GENERAL AMERICAN INVESTORS CO INC 0.23% of their portfolio | 431.7k $3.4m | Added +50.0k |
| Cubist Systematic Strategies, LLC 0.04% of their portfolio | 425.7k $3.4m | Added +295.5k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 382.8k $3.0m | Reduced -81.4k |
| Inlet Private Wealth, LLC 0.72% of their portfolio | 369.1k $2.9m | Added +319.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 368.4k $2.9m | Added +171.6k |
| AUXIER ASSET MANAGEMENT LLC 0.38% of their portfolio | 330.4k $2.6m | Added +12.6k |
| American Capital Advisory, LLC 1.22% of their portfolio | 310.0k $2.4m | Added +70.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 288.9k $2.3m | Reduced -376.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.04% of their portfolio | 281.4k $2.2m | Added +37.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 273.5k $2.2m | Added +267.8k |
| Black Creek Investment Management Inc. 0.10% of their portfolio | 270.0k $2.1m | Unchanged |
| Seafarer Capital Partners, LLC 0.56% of their portfolio | 260.0k $2.1m | Added +60.0k |
| Boston Partners 0.00% of their portfolio | 254.5k $2.0m | Unchanged |
| Hedges Asset Management LLC 1.56% of their portfolio | 246.1k $1.9m | Reduced -88.8k |
| SAPIENT CAPITAL LLC 0.03% of their portfolio | 245.5k $1.9m | Reduced -31.3k |
| Handelsbanken Fonder AB 0.01% of their portfolio | 240.9k $1.9m | Reduced -60.0k |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.29% of their portfolio | 223.5k $1.8m | Reduced -6.3k |
| American Trust Investment Advisors, LLC 0.87% of their portfolio | 219.5k $1.7m | Reduced -88.5k |
| Bleakley Financial Group, LLC 0.04% of their portfolio | 216.0k $1.7m | Added +8.1k |
| West Tower Group, LLC 3.35% of their portfolio | 196.0k $1.5m | Added +48.5k |
| RENAISSANCE GROUP LLC 0.06% of their portfolio | 189.2k $1.5m | Reduced -27.9k |
| Epoch Investment Partners, Inc. 0.01% of their portfolio | 179.7k $1.4m | New |
| CITIGROUP INC 0.00% of their portfolio | 174.5k $1.4m | Added +16.6k |
| UBS Group AG 0.00% of their portfolio | 174.3k $1.4m | Added +109.4k |
| Catalyst Capital Advisors LLC 0.03% of their portfolio | 170.1k $1.3m | Added +10.2k |
| Nebula Research & Development LLC 0.11% of their portfolio | 166.8k $1.3m | Added +9.9k |
| Jump Financial, LLC 0.02% of their portfolio | 166.6k $1.3m | New |
| DELTEC ASSET MANAGEMENT LLC 0.23% of their portfolio | 166.4k $1.3m | Reduced -2.1k |
| Trexquant Investment LP 0.01% of their portfolio | 138.6k $1.1m | Reduced -37.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 135.9k $1.1m | Reduced -343.6k |
| Ruffer LLP 0.04% of their portfolio | 127.1k $1.0m | New |
| CLOUGH CAPITAL PARTNERS L P 0.09% of their portfolio | 117.2k $925.0k | Reduced -41.8k |
| BlackRock, Inc. 0.00% of their portfolio | 117.1k $924.0k | Reduced -84.4k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 115.9k $913.2k | Reduced -66.8k |
| Dodge & Cox 0.00% of their portfolio | 110.0k $867.6k | Added +4.0k |
| Penn Mutual Asset Management 1.48% of their portfolio | 106.0k $836.3k | Added +40.0k |
| VELA Investment Management, LLC 0.24% of their portfolio | 102.0k $804.8k | New |
| RWA WEALTH PARTNERS, LLC 0.01% of their portfolio | 100.0k $789.0k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 92.6k $730.3k | Added +626 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 85.2k $671.9k | Reduced -74.2k |
| Harbour Capital Advisors, LLC 0.14% of their portfolio | 84.5k $659.3k | Reduced -7.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 84.5k $666.6k | Reduced -28.2k |
| FOX RUN MANAGEMENT, L.L.C. 0.11% of their portfolio | 81.8k $645.3k | Added +18.8k |
| Banco BTG Pactual S.A. 0.13% of their portfolio | 79.7k $628.8k | Reduced -240.6k |
| FIDELIS CAPITAL PARTNERS, LLC 0.05% of their portfolio | 75.0k $512.2k | Added +25.0k |
| NJ State Employees Deferred Compensation Plan 0.06% of their portfolio | 65.8k $519.0k | Unchanged |
| DUMAC, INC. 3.02% of their portfolio | 60.9k $480.2k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 59.9k $472.7k | Reduced -2.3k |
| Verition Fund Management LLC 0.00% of their portfolio | 59.3k $467.9k | Reduced -7.2k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 56.2k $443.3k | Reduced -137.4k |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 54.5k $430.0k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 54.0k $425.9k | Reduced -486.7k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 53.3k $420.8k | Added +12.8k |
| WINTON GROUP Ltd 0.02% of their portfolio | 50.1k $395.1k | Added +34.1k |
| HANCOCK WHITNEY CORP 0.01% of their portfolio | 48.8k $385.1k | Added +17.5k |
| Moors & Cabot, Inc. 0.02% of their portfolio | 47.4k $373.7k | Reduced -179 |
| Baker Ellis Asset Management LLC 0.05% of their portfolio | 44.5k $351.1k | Added +4.0k |
| Petrus Trust Company, LTA 0.03% of their portfolio | 39.4k $310.9k | Unchanged |
| Diligent Investors, LLC 0.07% of their portfolio | 38.1k $300.6k | Reduced -34.6k |
| STATE STREET CORP 0.00% of their portfolio | 37.6k $296.7k | Added +1.9k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 37.0k $291.0k | Added +36.2k |
| LPL Financial LLC 0.00% of their portfolio | 31.8k $251.0k | Added +19.1k |
| NAVELLIER & ASSOCIATES INC 0.03% of their portfolio | 27.5k $217.0k | Unchanged |
| Bridgefront Capital, LLC 0.06% of their portfolio | 27.0k $212.7k | Added +10.9k |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 25.6k $202.0k | Added +13.1k |
| Sanctuary Advisors, LLC 0.00% of their portfolio | 25.6k $201.8k | Added +14.8k |
| Corient Private Wealth LP 0.00% of their portfolio | 25.3k $199.5k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 22.5k $177.9k | Added +1 |
| BFSG, LLC 0.02% of their portfolio | 22.3k $176.2k | Reduced -632 |