Arcos Dorados Holdings Inc. (ARCO)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Perpetual Ltd	1,735,414	$11,714,044	0.15%
2.	O'keefe Stevens Advisory, Inc.	516,856	$3,488,775	0.94%
3.	Hedges Asset Management Llc	299,100	$2,018,925	1.55%
4.	Sapient Capital Llc	245,501	$1,679,227	0.03%
5.	West Tower Group, Llc	158,736	$1,071,468	3.1%