ARCOS DORADOS HOLDINGS INC

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

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 4,045,638 Value ($000) $29,695 Avg Close $7.14 Range $6.49 - $7.77

Q3 2025

Shares 3,539,940 Value ($000) $23,895 Avg Close $6.98 Range $6.40 - $7.93

Q2 2025

Shares 3,409,894 Value ($000) $26,904 Avg Close $7.38 Range $6.50 - $8.11

Q1 2025

Shares 3,553,200 Value ($000) $28,639 Avg Close $7.63 Range $6.91 - $8.25

Q4 2024

Shares 5,000,977 Value ($000) $36,407 Avg Close $8.24 Range $6.80 - $9.86

Q3 2024

Shares 4,100,584 Value ($000) $35,757 Avg Close $8.71 Range $7.70 - $10.06

Q2 2024

Shares 5,404,283 Value ($000) $48,639 Avg Close $9.75 Range $8.26 - $10.88

Q1 2024

Shares 5,081,013 Value ($000) $56,501 Avg Close $11.19 Range $10.09 - $12.44

Q4 2023

Shares 5,434,353 Value ($000) $68,962 Avg Close $10.06 Range $8.07 - $12.25

Q3 2023

Shares 4,975,949 Value ($000) $47,072 Avg Close $9.65 Range $8.59 - $10.72

Q2 2023

Shares 5,266,461 Value ($000) $53,981 Avg Close $7.95 Range $6.52 - $9.62

Q1 2023

Shares 4,928,755 Value ($000) $38,001 Avg Close $7.59 Range $6.65 - $8.35

Q4 2022

Shares 4,719,016 Value ($000) $39,451 Avg Close $6.88 Range $6.19 - $7.76

Q3 2022

Shares 4,319,680 Value ($000) $31,490 Avg Close $6.59 Range $5.70 - $7.54

Q2 2022

Shares 4,146,980 Value ($000) $27,950 Avg Close $6.72 Range $5.84 - $7.53

Q1 2022

Shares 3,375,275 Value ($000) $27,441 Avg Close $6.24 Range $4.61 - $7.67

Q4 2021

Shares 3,187,832 Value ($000) $18,585 Avg Close $4.59 Range $3.92 - $5.36

Q3 2021

Shares 3,089,998 Value ($000) $15,821 Avg Close $5.11 Range $4.61 - $5.72

Q2 2021

Shares 3,186,085 Value ($000) $19,022 Avg Close $5.39 Range $4.48 - $6.17

Q1 2021

Shares 3,073,829 Value ($000) $15,646 Avg Close $4.70 Range $4.32 - $5.12

Q4 2020

Shares 3,406,468 Value ($000) $17,135 Avg Close $4.19 Range $3.49 - $5.03

Q3 2020

Shares 2,817,007 Value ($000) $11,550 Avg Close $4.14 Range $3.57 - $4.75

Q2 2020

Shares 2,687,957 Value ($000) $11,263 Avg Close $3.47 Range $2.63 - $4.98

Q1 2020

Shares 2,716,568 Value ($000) $9,073 Avg Close $5.81 Range $2.73 - $7.32

Q4 2019

Shares 2,800,779 Value ($000) $22,686 Avg Close $6.58 Range $5.57 - $7.48

Q3 2019

Shares 2,790,438 Value ($000) $18,751 Avg Close $6.46 Range $5.58 - $7.39

Q2 2019

Shares 2,841,687 Value ($000) $20,688 Avg Close $5.98 Range $5.23 - $6.44

Q1 2019

Shares 4,997,042 Value ($000) $35,828 Avg Close $7.32 Range $5.96 - $8.08

Q4 2018

Shares 4,670,454 Value ($000) $36,897 Avg Close $6.42 Range $5.43 - $7.51

Q3 2018

Shares 3,047,951 Value ($000) $19,050 Avg Close $5.91 Range $5.26 - $6.52

Q2 2018

Shares 3,400,871 Value ($000) $23,636 Avg Close $7.05 Range $5.87 - $8.35

Q1 2018

Shares 5,444,584 Value ($000) $49,818 Avg Close $8.34 Range $7.35 - $8.99

Q4 2017

Shares 5,806,003 Value ($000) $60,093 Avg Close $8.69 Range $7.95 - $9.34

Q3 2017

Shares 5,825,869 Value ($000) $58,549 Avg Close $7.68 Range $6.40 - $8.95

Q2 2017

Shares 5,997,425 Value ($000) $44,680 Avg Close $7.19 Range $6.40 - $8.24

Q1 2017

Shares 6,367,926 Value ($000) $51,263 Avg Close $5.48 Range $4.71 - $7.13

Q4 2016

Shares 5,914,784 Value ($000) $31,940 Avg Close $5.06 Range $4.45 - $5.71

Q3 2016

Shares 3,330,110 Value ($000) $17,550 Avg Close $4.61 Range $3.94 - $5.18

Q2 2016

Shares 3,252,733 Value ($000) $15,516 Avg Close $3.77 Range $2.84 - $4.44

Q1 2016

Shares 2,948,775 Value ($000) $11,058 Avg Close $2.46 Range $1.87 - $3.36

Q4 2015

Shares 3,103,227 Value ($000) $9,651 Avg Close $2.69 Range $2.22 - $3.43

Q3 2015

Shares 3,334,133 Value ($000) $9,068 Avg Close $3.40 Range $2.34 - $4.56

Q2 2015

Shares 3,448,196 Value ($000) $18,137 Avg Close $4.97 Range $4.15 - $5.71

Q1 2015

Shares 2,893,639 Value ($000) $14,266 Avg Close $4.52 Range $3.54 - $5.13

Q4 2014

Shares 1,864,280 Value ($000) $10,085 Avg Close $5.19 Range $4.42 - $6.05

Q3 2014

Shares 1,797,233 Value ($000) $10,747 Avg Close $7.02 Range $4.93 - $9.68

Q2 2014

Shares 1,733,065 Value ($000) $19,410 Avg Close $8.16 Range $6.95 - $9.59

Q1 2014

Shares 971,563 Value ($000) $9,793 Avg Close $8.05 Range $6.94 - $10.14

Q4 2013

Shares 430,084 Value ($000) $5,213 Avg Close $9.84 Range $9.26 - $10.55

Q3 2013

Shares 403,125 Value ($000) $4,777 Avg Close $9.76 Range $8.66 - $11.36

Q2 2013

Shares 771,396 Value ($000) $9,011 Avg Close $10.94 Range $9.25 - $12.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,045,638	$29,695	$7.14	$6.49 - $7.77
Q3 2025	3,539,940	$23,895	$6.98	$6.40 - $7.93
Q2 2025	3,409,894	$26,904	$7.38	$6.50 - $8.11
Q1 2025	3,553,200	$28,639	$7.63	$6.91 - $8.25
Q4 2024	5,000,977	$36,407	$8.24	$6.80 - $9.86
Q3 2024	4,100,584	$35,757	$8.71	$7.70 - $10.06
Q2 2024	5,404,283	$48,639	$9.75	$8.26 - $10.88
Q1 2024	5,081,013	$56,501	$11.19	$10.09 - $12.44
Q4 2023	5,434,353	$68,962	$10.06	$8.07 - $12.25
Q3 2023	4,975,949	$47,072	$9.65	$8.59 - $10.72
Q2 2023	5,266,461	$53,981	$7.95	$6.52 - $9.62
Q1 2023	4,928,755	$38,001	$7.59	$6.65 - $8.35
Q4 2022	4,719,016	$39,451	$6.88	$6.19 - $7.76
Q3 2022	4,319,680	$31,490	$6.59	$5.70 - $7.54
Q2 2022	4,146,980	$27,950	$6.72	$5.84 - $7.53
Q1 2022	3,375,275	$27,441	$6.24	$4.61 - $7.67
Q4 2021	3,187,832	$18,585	$4.59	$3.92 - $5.36
Q3 2021	3,089,998	$15,821	$5.11	$4.61 - $5.72
Q2 2021	3,186,085	$19,022	$5.39	$4.48 - $6.17
Q1 2021	3,073,829	$15,646	$4.70	$4.32 - $5.12
Q4 2020	3,406,468	$17,135	$4.19	$3.49 - $5.03
Q3 2020	2,817,007	$11,550	$4.14	$3.57 - $4.75
Q2 2020	2,687,957	$11,263	$3.47	$2.63 - $4.98
Q1 2020	2,716,568	$9,073	$5.81	$2.73 - $7.32
Q4 2019	2,800,779	$22,686	$6.58	$5.57 - $7.48
Q3 2019	2,790,438	$18,751	$6.46	$5.58 - $7.39
Q2 2019	2,841,687	$20,688	$5.98	$5.23 - $6.44
Q1 2019	4,997,042	$35,828	$7.32	$5.96 - $8.08
Q4 2018	4,670,454	$36,897	$6.42	$5.43 - $7.51
Q3 2018	3,047,951	$19,050	$5.91	$5.26 - $6.52
Q2 2018	3,400,871	$23,636	$7.05	$5.87 - $8.35
Q1 2018	5,444,584	$49,818	$8.34	$7.35 - $8.99
Q4 2017	5,806,003	$60,093	$8.69	$7.95 - $9.34
Q3 2017	5,825,869	$58,549	$7.68	$6.40 - $8.95
Q2 2017	5,997,425	$44,680	$7.19	$6.40 - $8.24
Q1 2017	6,367,926	$51,263	$5.48	$4.71 - $7.13
Q4 2016	5,914,784	$31,940	$5.06	$4.45 - $5.71
Q3 2016	3,330,110	$17,550	$4.61	$3.94 - $5.18
Q2 2016	3,252,733	$15,516	$3.77	$2.84 - $4.44
Q1 2016	2,948,775	$11,058	$2.46	$1.87 - $3.36
Q4 2015	3,103,227	$9,651	$2.69	$2.22 - $3.43
Q3 2015	3,334,133	$9,068	$3.40	$2.34 - $4.56
Q2 2015	3,448,196	$18,137	$4.97	$4.15 - $5.71
Q1 2015	2,893,639	$14,266	$4.52	$3.54 - $5.13
Q4 2014	1,864,280	$10,085	$5.19	$4.42 - $6.05
Q3 2014	1,797,233	$10,747	$7.02	$4.93 - $9.68
Q2 2014	1,733,065	$19,410	$8.16	$6.95 - $9.59
Q1 2014	971,563	$9,793	$8.05	$6.94 - $10.14
Q4 2013	430,084	$5,213	$9.84	$9.26 - $10.55
Q3 2013	403,125	$4,777	$9.76	$8.66 - $11.36
Q2 2013	771,396	$9,011	$10.94	$9.25 - $12.79