ARCOS DORADOS HOLDINGS INC

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

Spark Investment Management LLC's Holding History (CIK: 0001554871)

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

Q2 2018

Shares 58,650 Value ($000) $407 Avg Close $7.05 Range $5.87 - $8.35

Q1 2018

Shares 91,581 Value ($000) $837 Avg Close $8.34 Range $7.35 - $8.99

Q4 2017

Shares 259,909 Value ($000) $2,690 Avg Close $8.69 Range $7.95 - $9.34

Q3 2017

Shares 407,300 Value ($000) $4,093 Avg Close $7.68 Range $6.40 - $8.95

Q2 2017

Shares 535,500 Value ($000) $3,989 Avg Close $7.19 Range $6.40 - $8.24

Q1 2017

Shares 68,300 Value ($000) $549 Avg Close $5.48 Range $4.71 - $7.13

Q4 2016

Shares 202,100 Value ($000) $1,091 Avg Close $5.06 Range $4.45 - $5.71

Q2 2016

Shares 634,500 Value ($000) $3,026 Avg Close $3.77 Range $2.84 - $4.44

Q1 2016

Shares 701,100 Value ($000) $2,629 Avg Close $2.46 Range $1.87 - $3.36

Q4 2015

Shares 183,200 Value ($000) $569 Avg Close $2.69 Range $2.22 - $3.43

Q1 2015

Shares 22,000 Value ($000) $108 Avg Close $4.52 Range $3.54 - $5.13

Q4 2014

Shares 230,900 Value ($000) $1,249 Avg Close $5.19 Range $4.42 - $6.05

Q3 2014

Shares 62,800 Value ($000) $375 Avg Close $7.02 Range $4.93 - $9.68

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	58,650	$407	$7.05	$5.87 - $8.35
Q1 2018	91,581	$837	$8.34	$7.35 - $8.99
Q4 2017	259,909	$2,690	$8.69	$7.95 - $9.34
Q3 2017	407,300	$4,093	$7.68	$6.40 - $8.95
Q2 2017	535,500	$3,989	$7.19	$6.40 - $8.24
Q1 2017	68,300	$549	$5.48	$4.71 - $7.13
Q4 2016	202,100	$1,091	$5.06	$4.45 - $5.71
Q2 2016	634,500	$3,026	$3.77	$2.84 - $4.44
Q1 2016	701,100	$2,629	$2.46	$1.87 - $3.36
Q4 2015	183,200	$569	$2.69	$2.22 - $3.43
Q1 2015	22,000	$108	$4.52	$3.54 - $5.13
Q4 2014	230,900	$1,249	$5.19	$4.42 - $6.05
Q3 2014	62,800	$375	$7.02	$4.93 - $9.68