Who owns Arcos Dorados Holdings (ARCO)
Which tracked institutional funds hold ARCO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ARCO company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
32 tracked funds added or opened ARCO while 28 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ARCO’s largest tracked holder by dollar value, LAZARD ASSET MANAGEMENT LLC, sizes it at 0.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ARCO divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 166 tracked filers holding ARCO, 88 increased or opened the position and 69 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ARCO between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 12
- AMERICAN CENTURY COMPANIES INC$22M
- CAUSEWAY CAPITAL MANAGEMENT LLC$16M
- Hedges Asset Management LLC$3M
- Fiduciary Alliance LLC$2M
- Inspire Investing, LLC$2M
- MARSHALL WACE, LLP$2M
Full exits 11
- BRIGHTLIGHT CAPITAL MANAGEMENT LP$28M
- LORD, ABBETT & CO. LLC$15M
- Amundi$6M
- HRT FINANCIAL LP$5M
- RENAISSANCE TECHNOLOGIES LLC$5M
- THOMPSON SIEGEL & WALMSLEY LLC$4M
Largest adds
- MILLENNIUM MANAGEMENT LLC$10M
- LAZARD ASSET MANAGEMENT LLC$8M
- Invesco Ltd.$8M
- JANE STREET GROUP, LLC$6M
- Point72 Asset Management, L.P.$4M
- CITADEL ADVISORS LLC$3M
Largest trims
- SEI INVESTMENTS CO$14M
- SPX Gestao de Recursos Ltda$13M
- UBS Group AG$3M
- MORGAN STANLEY$2M
- CITIGROUP INC$2M
- Fundamenta Capital S.A.$2M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| LAZARD ASSET MANAGEMENT LLC added | 24,687,429 | $199M | 26.5% | 2026-Q2 |
| PZENA INVESTMENT MANAGEMENT LLC added | 10,804,358 | $87M | 11.6% | 2026-Q2 |
| SPX Gestao de Recursos Ltda trimmed | 4,501,327 | $36M | 4.8% | 2026-Q2 |
| Moerus Capital Management LLC added | 4,275,279 | $34M | 4.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 4,001,476 | $32M | 4.3% | 2026-Q2 |
| PRIVATE MANAGEMENT GROUP INC trimmed | 3,318,093 | $27M | 3.6% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 3,009,585 | $24M | 3.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC new | 2,679,020 | $22M | 2.9% | 2026-Q2 |
| Invesco Ltd. added | 2,062,561 | $17M | 2.2% | 2026-Q2 |
| CAUSEWAY CAPITAL MANAGEMENT LLC added | 1,961,513 | $16M | 2.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 1,845,873 | $15M | 2.0% | 2026-Q2 |
| MANAGED ASSET PORTFOLIOS, LLC added | 1,554,885 | $13M | 1.7% | 2026-Q2 |
| State of New Jersey Common Pension Fund D | 1,486,822 | $12M | 1.6% | 2026-Q2 |
| Perpetual Ltd trimmed | 1,411,814 | $11M | 1.5% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 1,405,483 | $11M | 1.5% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,259,287 | $10M | 1.4% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 1,212,201 | $10M | 1.3% | 2026-Q2 |
| Boston Partners added | 1,050,455 | $8M | 1.1% | 2026-Q2 |
| Point72 Asset Management, L.P. added | 986,585 | $8M | 1.1% | 2026-Q2 |
| GENERAL AMERICAN INVESTORS CO INC trimmed | 860,178 | $7M | 0.9% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 818,810 | $7M | 0.9% | 2026-Q2 |
| GLOBEFLEX CAPITAL L P | 815,609 | $7M | 0.9% | 2026-Q2 |
| Fundamenta Capital S.A. trimmed | 769,415 | $6M | 0.8% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 763,182 | $6M | 0.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 732,680 | $6M | 0.8% | 2026-Q2 |
| O'Keefe Stevens Advisory, Inc. added | 676,719 | $5M | 0.7% | 2026-Q2 |
| INCA Investments LLC | 654,392 | $5M | 0.7% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 599,408 | $5M | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 583,473 | $5M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 581,679 | $5M | 0.6% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 520,679 | $4M | 0.6% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 501,938 | $4M | 0.5% | 2026-Q2 |
| Trexquant Investment LP added | 501,548 | $4M | 0.5% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 489,750 | $4M | 0.5% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 430,578 | $3M | 0.5% | 2026-Q2 |
| AUXIER ASSET MANAGEMENT LLC trimmed | 419,059 | $3M | 0.5% | 2026-Q2 |
| Seafarer Capital Partners, LLC | 400,000 | $3M | 0.4% | 2026-Q2 |
| MIRABELLA FINANCIAL SERVICES LLP added | 398,612 | $3M | 0.4% | 2026-Q2 |
| Inlet Private Wealth, LLC trimmed | 377,888 | $3M | 0.4% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 376,069 | $3M | 0.4% | 2026-Q2 |
| TimesSquare Capital Management, LLC trimmed | 370,892 | $3M | 0.4% | 2026-Q2 |
| Hedges Asset Management LLC added | 349,800 | $3M | 0.4% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 328,943 | $3M | 0.4% | 2026-Q2 |
| Fiduciary Alliance LLC new | 304,039 | $2M | 0.3% | 2026-Q2 |
| Inspire Investing, LLC new | 263,088 | $2M | 0.3% | 2026-Q2 |
| MARSHALL WACE, LLP added | 255,667 | $2M | 0.3% | 2026-Q2 |
| SAPIENT CAPITAL LLC | 245,501 | $2M | 0.3% | 2026-Q2 |
| PDT Partners, LLC trimmed | 239,157 | $2M | 0.3% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 237,021 | $2M | 0.3% | 2026-Q2 |
| Black Creek Investment Management Inc. added | 230,000 | $2M | 0.2% | 2026-Q2 |
| Bleakley Financial Group, LLC trimmed | 222,948 | $2M | 0.2% | 2026-Q2 |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV trimmed | 205,753 | $2M | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 190,608 | $2M | 0.2% | 2026-Q2 |
| CREDIT AGRICOLE S A new | 190,060 | $2M | 0.2% | 2026-Q2 |
| American Capital Advisory, LLC trimmed | 185,375 | $1M | 0.2% | 2026-Q2 |
| Catalyst Capital Advisors LLC | 182,090 | $1M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 172,211 | $1M | 0.2% | 2026-Q2 |
| VELA Investment Management, LLC | 167,400 | $1M | 0.2% | 2026-Q2 |
| ExodusPoint Capital Management, LP added | 154,500 | $1M | 0.2% | 2026-Q2 |
| Engineers Gate Manager LP added | 139,901 | $1M | 0.2% | 2026-Q2 |
| Campbell & CO Investment Adviser LLC added | 132,646 | $1M | 0.1% | 2026-Q2 |
| Ruffer LLP | 127,142 | $1M | 0.1% | 2026-Q2 |
| DELTEC ASSET MANAGEMENT LLC | 120,400 | $970K | 0.1% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 116,693 | $941K | 0.1% | 2026-Q2 |
| DODGE & COX | 112,966 | $911K | 0.1% | 2026-Q2 |
| West Tower Group, LLC | 109,859 | $885K | 0.1% | 2026-Q2 |
| Itau Unibanco Holding S.A. added | 105,181 | $850K | 0.1% | 2026-Q2 |
| HUSSMAN STRATEGIC ADVISORS, INC. | 105,000 | $846K | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 103,671 | $836K | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 90,456 | $729K | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 84,031 | $677K | 0.1% | 2026-Q2 |
| Militia Capital Management LLC new | 83,500 | $673K | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 82,528 | $665K | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 81,779 | $659K | 0.1% | 2026-Q2 |
| Fideuram Asset Management (Ireland) dac added | 79,545 | $685K | 0.1% | 2026-Q2 |
| FIDELIS CAPITAL PARTNERS, LLC | 75,000 | $604K | 0.1% | 2026-Q2 |
| Baker Ellis Asset Management LLC added | 65,700 | $530K | 0.1% | 2026-Q2 |
| DUMAC, INC. | 60,857 | $491K | 0.1% | 2026-Q2 |
| US BANCORP \DE\ | 60,082 | $484K | 0.1% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 54,469 | $439K | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 53,901 | $434K | 0.1% | 2026-Q2 |
| STATE STREET CORP added | 53,645 | $432K | 0.1% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP trimmed | 51,653 | $416K | 0.1% | 2026-Q2 |
| Jain Global LLC new | 49,100 | $396K | 0.1% | 2026-Q2 |
| Magnetar Financial LLC trimmed | 48,070 | $387K | 0.1% | 2026-Q2 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. added | 47,295 | $381K | 0.1% | 2026-Q2 |
| Moors & Cabot, Inc. trimmed | 40,957 | $330K | 0.0% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 38,957 | $314K | 0.0% | 2026-Q2 |
| Merit Financial Group, LLC added | 38,691 | $312K | 0.0% | 2026-Q2 |
| TRUIST FINANCIAL CORP added | 36,541 | $295K | 0.0% | 2026-Q2 |
| BlackRock, Inc. added | 35,250 | $284K | 0.0% | 2026-Q2 |
| Advisory Services Network, LLC added | 34,124 | $275K | 0.0% | 2026-Q2 |
| CIBC WORLD MARKET INC. | 32,350 | $261K | 0.0% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC new | 31,925 | $257K | 0.0% | 2026-Q2 |
| Regal Investment Advisors LLC added | 30,163 | $243K | 0.0% | 2026-Q2 |
| FOX RUN MANAGEMENT, L.L.C. added | 28,995 | $234K | 0.0% | 2026-Q2 |
| WJ Financial Advisors LLC | 27,620 | $223K | 0.0% | 2026-Q2 |
| Diligent Investors, LLC trimmed | 26,681 | $215K | 0.0% | 2026-Q2 |
| Ausdal Financial Partners, Inc. added | 26,117 | $211K | 0.0% | 2026-Q2 |
| Atom Investors LP trimmed | 25,843 | $208K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.