Arcos Dorados Holdings Inc.: which funds bought and sold

Institutions that bought and sold Arcos Dorados shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 86 institutions that filed 13F reports for both quarters added to or opened positions in Arcos Dorados, and 64 cut or closed them. Together they added a net 6.5M shares, +7.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 9.6M shares (+24.3%); index fund managers were net buyers of 5,063 shares (+3.0%). 31 opened a new position and 17 sold out entirely.

Bought, Q2 2026 86 institutions, 31 of them new holders Sold, Q2 2026 64 institutions, 17 of them sold out

Net change, all compared +6.5M shares (+7.3%)

Net change, active managers +9.6M shares (+24.3%), 19 bought, 11 sold

Buyers versus sellers

institutions compared, 186

86 bought 36 64 sold

Active managers and hedge funds 19 bought · 11 sold · +9.6M

Index fund managers 2 bought · 1 sold · +5,063

Other institutions 65 bought · 52 sold · −3.2M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
American Century Companies Inc Active manager	+2.7M New position	2.7M	$21.6M
Causeway Capital Management LLC Active manager	+2.0M New position	2.0M	$15.8M
Lazard Asset Management LLC Active manager	+1.5M +6.5%	24.7M	$199M
Millennium Management LLC Hedge fund	+1.3M +922.1%	1.4M	$11.3M
Jane Street Group, LLC	+739K +156.2%	1.2M	$9.8M
Point72 Asset Management, L.P. Hedge fund	+500K +102.6%	987K	$8M
Citadel Advisors LLC Hedge fund	+420K +257.3%	583K	$4.7M
D. E. Shaw & Co., Inc. Hedge fund	+385K +367.5%	490K	$3.9M
Goldman Sachs Group Inc	+382K +108.7%	733K	$5.9M
Trexquant Investment LP Hedge fund	+372K +288.2%	502K	$4M
Tudor Investment Corp Et Al Hedge fund	+356K +1817.3%	376K	$3M
Fiduciary Alliance LLC	+304K New position	304K	$2.5M
Boston Partners Active manager	+274K +35.3%	1.1M	$8.5M
Inspire Investing, LLC	+263K New position	263K	$2.1M
Jpmorgan Chase & Co	+257K +25.7%	1.3M	$10.2M
Marshall Wace, LLP Hedge fund	+256K New position	256K	$2.1M
Balyasny Asset Management L.P. Hedge fund	+237K New position	237K	$1.9M
Mirae Asset Global Etfs Holdings Ltd.	+199K +7.1%	3.0M	$24.3M
Credit Agricole S A	+190K New position	190K	$1.5M
Campbell & Co Investment Adviser LLC	+133K New position	133K	$1.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
American Century Companies Inc Active manager	+2.7M New position	2.7M	$21.6M
Causeway Capital Management LLC Active manager	+2.0M New position	2.0M	$15.8M
Lazard Asset Management LLC Active manager	+1.5M +6.5%	24.7M	$199M
Millennium Management LLC Hedge fund	+1.3M +922.1%	1.4M	$11.3M
Point72 Asset Management, L.P. Hedge fund	+500K +102.6%	987K	$8M
Citadel Advisors LLC Hedge fund	+420K +257.3%	583K	$4.7M
D. E. Shaw & Co., Inc. Hedge fund	+385K +367.5%	490K	$3.9M
Trexquant Investment LP Hedge fund	+372K +288.2%	502K	$4M
Tudor Investment Corp Et Al Hedge fund	+356K +1817.3%	376K	$3M
Boston Partners Active manager	+274K +35.3%	1.1M	$8.5M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Sei Investments Co	−1.6M −47.0%	1.8M	$14.9M
Spx Gestao De Recursos Ltda	−1.4M −24.3%	4.5M	$36.3M
Lord, Abbett & Co. LLC	−1.2M −66.3%	606K	$4.9M
Renaissance Technologies LLC Hedge fund	−546K Sold out	0	—
UBS Group AG	−330K −63.4%	191K	$1.5M
Citigroup Inc	−234K −57.6%	172K	$1.4M
Morgan Stanley	−181K −4.3%	4.0M	$32.3M
Fundamenta Capital S.A.	−169K −18.0%	769K	$6.2M
Timessquare Capital Management, LLC	−168K −31.1%	371K	$3M
Clough Capital Partners L P Hedge fund	−159K Sold out	0	—
Thompson Siegel & Walmsley LLC	−153K −28.9%	377K	$3M
Atom Investors LP	−137K −84.1%	26K	$208,295
Deltec Asset Management LLC	−120K Sold out	0	—
Abs Direct Equity Fund LLC	−110K Sold out	0	—
Gsa Capital Partners LLP	−103K −76.8%	31K	$251,000
PDT Partners, LLC Hedge fund	−92K −27.7%	239K	$1.9M
General American Investors Co Inc Active manager	−90K −9.5%	860K	$6.9M
Centerbook Partners LP Hedge fund	−75K Sold out	0	—
Graham Capital Management, L.P. Hedge fund	−57K Sold out	0	—
Value Investment Professionals, LLC	−54K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Renaissance Technologies LLC Hedge fund	−546K Sold out	0	—
Clough Capital Partners L P Hedge fund	−159K Sold out	0	—
PDT Partners, LLC Hedge fund	−92K −27.7%	239K	$1.9M
General American Investors Co Inc Active manager	−90K −9.5%	860K	$6.9M
Centerbook Partners LP Hedge fund	−75K Sold out	0	—
Graham Capital Management, L.P. Hedge fund	−57K Sold out	0	—
Winton Group Ltd Hedge fund	−52K −79.6%	13K	$107,980
Magnetar Financial LLC Hedge fund	−42K −46.8%	48K	$387,445
Centiva Capital, LP Hedge fund	−7,348 −28.9%	18K	$145,942
Clearbridge Investments, LLC Active manager	−5,570 −0.7%	763K	$6.2M

New positions

largest by value

Institution	Shares	Value June 30, 2026
American Century Companies IncActive manager	2.7M	$21.6M
Causeway Capital Management LLCActive manager	2.0M	$15.8M
Fiduciary Alliance LLC	304K	$2.5M
Inspire Investing, LLC	263K	$2.1M
Marshall Wace, LLPHedge fund	256K	$2.1M
Balyasny Asset Management L.P.Hedge fund	237K	$1.9M
Credit Agricole S A	190K	$1.5M
Campbell & Co Investment Adviser LLC	133K	$1.1M
Schonfeld Strategic Advisors LLCHedge fund	117K	$940,544
Itau Unibanco Holding S.A.	105K	$850,388

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Renaissance Technologies LLCHedge fund	546K	$4.5M
Clough Capital Partners L PHedge fund	159K	$1.3M
Deltec Asset Management LLC	120K	$993,300
Value Investment Professionals, LLC	54K	$923,398
Abs Direct Equity Fund LLC	110K	$906,527
Centerbook Partners LPHedge fund	75K	$616,283
Graham Capital Management, L.P.Hedge fund	57K	$467,849
Susquehanna International Group, LLP	45K	$372,026
State Of Wisconsin Investment Board	42K	$343,118
Jump Financial, LLC	35K	$287,645

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 174
Ten largest holders: 64.2%
Index fund managers: 0.2%
Active managers and hedge funds: 51.5%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	19	11	7	4	+9.6M	+24.3%
Index fund managers	2	1	0	0	+5,063	+3.0%
Other institutions	65	52	24	13	−3.2M	−6.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Arcos Dorados.

Only managers that filed a holdings report for both quarters are compared (186 here). 10 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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