ARCOS DORADOS HOLDINGS INC

Ticker: ARCO CUSIP: G0457F107 Class: SHS CLASS -A -

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
LAZARD ASSET MANAGEMENT LLC21,471,672$157,602
PZENA INVESTMENT MANAGEMENT LLC10,562,564$77,529
SPX Gestao de Recursos Ltda7,551,676$55,429
MORGAN STANLEY4,045,638$29,695
Moerus Capital Management LLC3,556,906$26,108
BRIGHTLIGHT CAPITAL MANAGEMENT LP3,466,800$25,446
PRIVATE MANAGEMENT GROUP INC3,378,055$24,795
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,699,452$19,814
SEI INVESTMENTS CO1,496,461$10,984
State of New Jersey Common Pension Fund D1,486,822$10,913
MANAGED ASSET PORTFOLIOS, LLC1,476,299$10,836
Perpetual Ltd1,447,814$10,627
GOLDMAN SACHS GROUP INC1,127,060$8,273
JPMORGAN CHASE & CO1,107,655$8,130
RENAISSANCE TECHNOLOGIES LLC1,049,734$7,705
Emeth Value Capital, LLC1,045,701$7,675
Invesco Ltd.982,026$7,208
GENERAL AMERICAN INVESTORS CO INC950,178$6,974
CITADEL ADVISORS LLC927,535$6,808
Clearbridge Investments, LLC831,113$6,100
BNP PARIBAS ARBITRAGE, SA818,810$6,010
GLOBEFLEX CAPITAL L P815,609$5,987
INCA Investments LLC788,001$5,784
Amundi784,255$5,756
Qube Research & Technologies Ltd598,162$4,391
Point72 Asset Management, L.P.588,072$4,316
TimesSquare Capital Management, LLC549,322$4,032
O'Keefe Stevens Advisory, Inc.529,728$3,888
THOMPSON SIEGEL & WALMSLEY LLC528,900$4
BANK OF AMERICA CORP /DE/528,403$3,878
UBS Group AG518,530$3,806
ROYAL BANK OF CANADA507,461$3,724
Rockefeller Capital Management L.P.433,863$3,185
JANE STREET GROUP, LLC401,309$2,946
Seafarer Capital Partners, LLC400,000$2,936
Inlet Private Wealth, LLC384,188$2,820
ENVESTNET ASSET MANAGEMENT INC369,470$2,712
WELLS FARGO & COMPANY/MN362,897$2,664
PDT Partners, LLC330,780$2,428
Boston Partners298,262$2,189
D. E. Shaw & Co., Inc.289,725$2,127
Hedges Asset Management LLC287,900$2,113
PRICE T ROWE ASSOCIATES INC /MD/263,307$2
SAPIENT CAPITAL LLC245,501$1,790
Handelsbanken Fonder AB240,928$2
ACORN FINANCIAL ADVISORY SERVICES INC /ADV221,138$1,623
Black Creek Investment Management Inc.210,000$1,541
American Trust Investment Advisors, LLC209,313$1,536
Bleakley Financial Group, LLC203,855$1,496
American Capital Advisory, LLC187,809$1,379
CenterBook Partners LP182,931$1,343
Catalyst Capital Advisors LLC182,090$1,337
XTX Topco Ltd177,326$1,302
CITIGROUP INC171,122$1,256
West Tower Group, LLC158,736$1,165
DELTEC ASSET MANAGEMENT LLC155,400$1,141
Absolute Gestao de Investimentos Ltda.154,584$1,135
Trexquant Investment LP152,799$1,122
VELA Investment Management, LLC151,000$1,108
CLOUGH CAPITAL PARTNERS L P147,294$1,081
BALYASNY ASSET MANAGEMENT L.P.145,111$1,065
Ruffer LLP127,142$935
Engineers Gate Manager LP116,214$853
Dodge & Cox112,966$829
SUSQUEHANNA INTERNATIONAL GROUP, LLP110,011$807
Fideuram Asset Management (Ireland) dac107,625$771
Verition Fund Management LLC105,385$774
HUSSMAN STRATEGIC ADVISORS, INC.105,000$771
Schonfeld Strategic Advisors LLC94,706$695
Optimize Financial Inc86,291$633
NORTHERN TRUST CORP83,795$615
Squarepoint Ops LLC78,581$577
MILLENNIUM MANAGEMENT LLC77,462$569
Fidelis Capital Partners, LLC75,000$551
FRANKLIN RESOURCES INC73,127$537
FOX RUN MANAGEMENT, L.L.C.72,818$534
RAYMOND JAMES FINANCIAL INC68,365$502
STIFEL FINANCIAL CORP62,922$462
DUMAC, INC.60,857$447
VAN ECK ASSOCIATES CORP58,661$0
HRT FINANCIAL LP58,535$0
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.54,469$400
Baker Ellis Asset Management LLC53,300$391
Jump Financial, LLC51,332$377
Moors & Cabot, Inc.49,409$363
Bank of New York Mellon Corp43,393$319
GSA CAPITAL PARTNERS LLP42,211$0
PharVision Advisers, LLC41,830$307
STATE OF WISCONSIN INVESTMENT BOARD41,590$305
STATE STREET CORP36,687$269
Quantbot Technologies LP36,662$269
LPL Financial LLC33,295$244
Merit Financial Group, LLC32,503$239
BlackRock, Inc.32,468$238
CIBC WORLD MARKET INC.32,350$237
Sanctuary Advisors, LLC31,770$233
WJ Financial Advisors LLC31,620$232
Brooklyn Investment Group30,458$223
Diligent Investors, LLC27,619$203
BOOTHBAY FUND MANAGEMENT, LLC27,408$201
61 other institutions524,728$3,851
Total (161 institutions)88,325,617$639,534