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 ($4.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.25. Options: 4 managers hold calls ($775.5k notional), 3 hold puts ($221.1k).
Trends to Q1 2026
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 |
| Q3 2025 | 158 |
| Q4 2025 | 163 |
| Q1 2026 | 161 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 83 | 89 |
| Q3 2024 | 90 | 92 |
| Q4 2024 | 86 | 80 |
| Q1 2025 | 88 | 66 |
| Q2 2025 | 79 | 80 |
| Q3 2025 | 86 | 70 |
| Q4 2025 | 83 | 74 |
| Q1 2026 | 77 | 78 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $950.1k | $2.1m | 2.19 |
| Q3 2025 | $1.6m | $336.7k | 0.21 |
| Q4 2025 | $1.2m | $0 | 0.00 |
| Q1 2026 | $775.5k | $221.1k | 0.29 |
Biggest buyers
| SEI INVESTMENTS CO | Added | +2.0m |
| LORD, ABBETT & CO. LLC | New | +1.8m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.7m |
| Invesco Ltd. | Added | +1.1m |
| Fundamenta Capital S.A. | New | +938.2k |
| Moerus Capital Management LLC | Added | +706.7k |
| HRT FINANCIAL LP | Added | +556.6k |
| Boston Partners | Added | +477.9k |
| MIRABELLA FINANCIAL SERVICES LLP | New | +388.1k |
| CITIGROUP INC | Added | +235.4k |
Biggest sellers
| SPX Gestao de Recursos Ltda | Reduced | -1.6m |
| Emeth Value Capital, LLC | Sold out | -1.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -775.9k |
| CITADEL ADVISORS LLC | Reduced | -764.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -504.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Sold out | -263.3k |
| Handelsbanken Fonder AB | Sold out | -240.9k |
| American Trust Investment Advisors, LLC | Sold out | -209.3k |
| Qube Research & Technologies Ltd | Reduced | -206.9k |
| D. E. Shaw & Co., Inc. | Reduced | -185.0k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $381.1k46.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $319.3k38.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $71.0k8.6k shares |
| GROUP ONE TRADING LLC | Reduced | $4.1k500 shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $112.2k13.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $84.2k10.2k shares |
| SIMPLEX TRADING, LLC | New | $24.8k3.0k 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 Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| LAZARD ASSET MANAGEMENT LLC 0.31% of their portfolio | 23.2m $191.2m | Added +1.7m |
| PZENA INVESTMENT MANAGEMENT LLC 0.29% of their portfolio | 10.7m $88.6m | Added +178.6k |
| SPX Gestao de Recursos Ltda 4.09% of their portfolio | 5.9m $49.1m | Reduced -1.6m |
| Moerus Capital Management LLC 12.99% of their portfolio | 4.3m $35.2m | Added +706.7k |
| MORGAN STANLEY 0.00% of their portfolio | 4.2m $34.5m | Added +136.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 3.5m $28.7m | Added +2.0m |
| PRIVATE MANAGEMENT GROUP INC 0.80% of their portfolio | 3.4m $27.7m | Reduced -22.2k |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP 27.14% of their portfolio | 3.3m $27.5m | Reduced -132.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 2.8m $23.2m | Added +110.7k |
| Invesco Ltd. 0.00% of their portfolio | 2.1m $17.0m | Added +1.1m |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 1.8m $14.8m | New |
| MANAGED ASSET PORTFOLIOS, LLC 1.53% of their portfolio | 1.5m $12.7m | Added +68.8k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 1.5m $12.3m | Unchanged |
| Perpetual Ltd 0.18% of their portfolio | 1.4m $11.8m | Reduced -13.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.0m $7.9m | Reduced -105.6k |
| GENERAL AMERICAN INVESTORS CO INC 0.52% of their portfolio | 950.2k $7.8m | Unchanged |
| Fundamenta Capital S.A. 7.60% of their portfolio | 938.2k $7.7m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 818.8k $6.8m | Unchanged |
| GLOBEFLEX CAPITAL L P 1.02% of their portfolio | 815.6k $6.7m | Unchanged |
| Boston Partners 0.01% of their portfolio | 776.2k $6.4m | Added +477.9k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 768.8k $6.3m | Reduced -62.4k |
| Amundi 0.00% of their portfolio | 733.1k $6.0m | Reduced -51.1k |
| INCA Investments LLC 1.92% of their portfolio | 654.4k $5.4m | Reduced -133.6k |
| O'Keefe Stevens Advisory, Inc. 1.29% of their portfolio | 631.7k $5.2m | Added +102.0k |
| HRT FINANCIAL LP 0.02% of their portfolio | 615.2k $5.1m | Added +556.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 545.6k $4.5m | Reduced -504.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 542.8k $4.5m | Added +179.9k |
| TimesSquare Capital Management, LLC 0.08% of their portfolio | 538.7k $4.4m | Reduced -10.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 537.4k $4.4m | Added +9.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.08% of their portfolio | 530.3k $4.4m | Added +1.4k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 525.0k $4.3m | Added +91.1k |
| UBS Group AG 0.00% of their portfolio | 520.2k $4.3m | Added +1.7k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 487.0k $4.0m | Reduced -101.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 473.1k $3.9m | Added +71.8k |
| AUXIER ASSET MANAGEMENT LLC 0.50% of their portfolio | 419.5k $3.5m | Added +20.6k |
| CITIGROUP INC 0.00% of their portfolio | 406.6k $3.4m | Added +235.4k |
| Seafarer Capital Partners, LLC 0.76% of their portfolio | 400.0k $3.3m | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 391.3k $3.2m | Reduced -206.9k |
| MIRABELLA FINANCIAL SERVICES LLP 0.31% of their portfolio | 388.1k $3.2m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 387.6k $3.2m | Added +18.1k |
| Inlet Private Wealth, LLC 0.80% of their portfolio | 378.9k $3.1m | Reduced -5.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 351.1k $2.9m | Reduced -775.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 343.0k $2.8m | Reduced -164.5k |
| PDT Partners, LLC 0.16% of their portfolio | 330.8k $2.7m | Unchanged |
| SAPIENT CAPITAL LLC 0.03% of their portfolio | 245.5k $2.0m | Unchanged |
| Bleakley Financial Group, LLC 0.03% of their portfolio | 234.5k $1.9m | Added +30.6k |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.25% of their portfolio | 218.2k $1.8m | Reduced -3.0k |
| Black Creek Investment Management Inc. 0.09% of their portfolio | 206.0k $1.7m | Reduced -4.0k |
| American Capital Advisory, LLC 0.62% of their portfolio | 185.8k $1.5m | Reduced -2.0k |
| Catalyst Capital Advisors LLC 0.03% of their portfolio | 182.1k $1.5m | Unchanged |
| VELA Investment Management, LLC 0.36% of their portfolio | 167.4k $1.4m | Added +16.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 163.3k $1.3m | Reduced -764.2k |
| Atom Investors LP 0.10% of their portfolio | 162.8k $1.3m | New |
| CLOUGH CAPITAL PARTNERS L P 0.13% of their portfolio | 159.4k $1.3m | Added +12.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 137.5k $1.1m | Added +60.0k |
| GSA CAPITAL PARTNERS LLP 0.07% of their portfolio | 134.0k $1.1m | Added +91.8k |
| Trexquant Investment LP 0.01% of their portfolio | 129.2k $1.1m | Reduced -23.6k |
| Ruffer LLP 0.04% of their portfolio | 127.1k $1.1m | Unchanged |
| DELTEC ASSET MANAGEMENT LLC 0.18% of their portfolio | 120.4k $993.3k | Reduced -35.0k |
| Dodge & Cox 0.00% of their portfolio | 113.0k $932.0k | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 112.3k $926.7k | Added +49.4k |
| ABS Direct Equity Fund LLC 0.69% of their portfolio | 109.9k $906.5k | New |
| West Tower Group, LLC 2.83% of their portfolio | 109.9k $906.3k | Reduced -48.9k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.19% of their portfolio | 105.0k $866.2k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 104.8k $864.3k | Reduced -185.0k |
| Engineers Gate Manager LP 0.01% of their portfolio | 101.3k $835.6k | Reduced -14.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 100.7k $830.4k | Added +32.3k |
| Magnetar Financial LLC 0.01% of their portfolio | 90.3k $745.2k | New |
| XTX Topco Ltd 0.01% of their portfolio | 86.0k $709.4k | Reduced -91.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 83.7k $690.8k | Reduced -56 |
| FIDELIS CAPITAL PARTNERS, LLC 0.04% of their portfolio | 75.0k $618.8k | Unchanged |
| CenterBook Partners LP 0.03% of their portfolio | 74.7k $616.3k | Reduced -108.2k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 70.5k $581.9k | New |
| WINTON GROUP Ltd 0.02% of their portfolio | 65.6k $541.1k | New |
| Baker Ellis Asset Management LLC 0.06% of their portfolio | 64.0k $528.0k | Added +10.7k |
| DUMAC, INC. 0.06% of their portfolio | 60.9k $502.1k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 60.1k $495.7k | Added +58.7k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 57.1k $471.0k | Reduced -1.5k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 56.7k $467.8k | New |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio | 54.5k $449.0k | Unchanged |
| Value Investment Professionals, LLC 2.04% of their portfolio | 54.2k $923.4k | New |
| STATE STREET CORP 0.00% of their portfolio | 49.4k $410.6k | Added +12.7k |
| Moors & Cabot, Inc. 0.02% of their portfolio | 47.4k $391.1k | Reduced -2.0k |
| LPL Financial LLC 0.00% of their portfolio | 46.9k $386.9k | Added +13.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 45.1k $372.0k | Reduced -64.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 41.6k $343.1k | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 39.5k $326.2k | Reduced -33.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 37.7k $310.6k | Reduced -5.7k |
| Merit Financial Group, LLC 0.00% of their portfolio | 36.9k $304.7k | Added +4.4k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 35.5k $293.2k | Added +25.1k |
| Jump Financial, LLC 0.00% of their portfolio | 34.9k $287.6k | Reduced -16.5k |
| BlackRock, Inc. 0.00% of their portfolio | 33.2k $274.3k | Added +780 |
| Advisory Services Network, LLC 0.00% of their portfolio | 32.6k $268.6k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 32.4k $266.9k | Unchanged |
| Regal Investment Advisors LLC 0.01% of their portfolio | 29.4k $242.7k | Added +9.4k |
| &PARTNERS 0.00% of their portfolio | 28.8k $237.2k | Added +6.7k |
| WJ Financial Advisors LLC 0.18% of their portfolio | 27.6k $227.9k | Reduced -4.0k |
| Diligent Investors, LLC 0.06% of their portfolio | 27.4k $226.2k | Reduced -200 |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 25.6k $211.1k | Added +8.4k |
| Centiva Capital, LP 0.01% of their portfolio | 25.5k $210.0k | New |