Arcos Dorados Holdings Inc. (ARCO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Lazard Asset Management Llc	24,687,429	$198,980,677	0.3%
2.	Spx Equities Gestao De Recursos Ltda	4,501,327	$36,280,696	4.04%
3.	Morgan Stanley	4,001,476	$32,251,899	0%
4.	Private Management Group Inc	3,318,093	$26,743,830	0.7%
5.	Mirae Asset Global Etfs Holdings Ltd.	3,009,585	$24,257,255	0.03%