Arcos Dorados Holdings Inc. (ARCO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Lazard Asset Management Llc	23,174,841	$191,192,442	0.31%
2.	Spx Equities Gestao De Recursos Ltda	5,949,286	$49,081,610	4.08%
3.	Morgan Stanley	4,182,416	$34,504,940	0%
4.	Sei Investments Co	3,483,732	$28,740,799	0.03%
5.	Private Management Group Inc	3,355,886	$27,686,060	0.8%