ARCOS DORADOS HLDGS INC
| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) | Type |
|---|---|---|---|---|---|---|---|
| Moerus Capital Management LLC | 3,556,906 | 4,263,589 | +706,683 | 11.26 | 12.99 | +1.73 | buy |
| Boston Partners | 298,262 | 776,184 | +477,922 | 0.00 | 0.01 | +0.00 | buy |
| PZENA INVESTMENT MANAGEMENT LLC | 10,562,564 | 10,741,166 | +178,602 | 0.23 | 0.29 | +0.06 | buy |
| O'Keefe Stevens Advisory, Inc. | 529,728 | 631,729 | +102,001 | 1.01 | 1.29 | +0.28 | buy |
| MANAGED ASSET PORTFOLIOS, LLC | 1,476,299 | 1,545,075 | +68,776 | 1.31 | 1.53 | +0.22 | buy |
| Bleakley Financial Group, LLC | 203,855 | 234,460 | +30,605 | 0.03 | 0.03 | +0.00 | buy |
| VELA Investment Management, LLC | 151,000 | 167,400 | +16,400 | 0.30 | 0.35 | +0.05 | buy |
| CLOUGH CAPITAL PARTNERS L P | 147,294 | 159,410 | +12,116 | 0.10 | 0.13 | +0.03 | buy |
| Baker Ellis Asset Management LLC | 53,300 | 64,000 | +10,700 | 0.05 | 0.06 | +0.02 | buy |
| Regal Investment Advisors LLC | 20,032 | 29,413 | +9,381 | 0.01 | 0.01 | +0.01 | buy |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | 10,613 | 18,015 | +7,402 | 0.00 | 0.00 | +0.00 | buy |
| THOMPSON SIEGEL & WALMSLEY LLC | 528,900 | 530,300 | +1,400 | 0.07 | 0.08 | +0.01 | buy |
| BFSG, LLC | 24,380 | 24,685 | +305 | 0.02 | 0.02 | +0.00 | buy |
| Diligent Investors, LLC | 27,619 | 27,419 | -200 | 0.05 | 0.06 | +0.01 | sell |
| TOWER BRIDGE ADVISORS | 11,068 | 10,000 | -1,068 | 0.01 | 0.01 | -0.00 | sell |
| R Squared Ltd | 14,212 | 13,117 | -1,095 | 0.05 | 0.06 | +0.01 | sell |
| Moors & Cabot, Inc. | 49,409 | 47,409 | -2,000 | 0.02 | 0.02 | +0.00 | sell |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV | 221,138 | 218,167 | -2,971 | 0.24 | 0.25 | +0.01 | sell |
| Aspen Grove Capital, LLC | 16,332 | 13,068 | -3,264 | 0.02 | 0.02 | +0.00 | sell |
| Black Creek Investment Management Inc. | 210,000 | 206,000 | -4,000 | 0.08 | 0.09 | +0.01 | sell |
| Inlet Private Wealth, LLC | 384,188 | 378,888 | -5,300 | 0.65 | 0.80 | +0.14 | sell |
| TimesSquare Capital Management, LLC | 549,322 | 538,652 | -10,670 | 0.06 | 0.08 | +0.01 | sell |
| Perpetual Ltd | 1,447,814 | 1,434,814 | -13,000 | 0.15 | 0.18 | +0.03 | sell |
| PRIVATE MANAGEMENT GROUP INC | 3,378,055 | 3,355,886 | -22,169 | 0.72 | 0.80 | +0.08 | sell |
| PharVision Advisers, LLC | 41,830 | 12,735 | -29,095 | 0.16 | 1.07 | +0.91 | sell |
| DELTEC ASSET MANAGEMENT LLC | 155,400 | 120,400 | -35,000 | 0.19 | 0.18 | -0.01 | sell |
| West Tower Group, LLC | 158,736 | 109,859 | -48,877 | 2.68 | 2.83 | +0.15 | sell |
| FOX RUN MANAGEMENT, L.L.C. | 72,818 | 20,047 | -52,771 | 0.08 | 0.03 | -0.05 | sell |
| Clearbridge Investments, LLC | 831,113 | 768,752 | -62,361 | 0.00 | 0.01 | +0.00 | sell |
| CenterBook Partners LP | 182,931 | 74,701 | -108,230 | 0.07 | 0.03 | -0.03 | sell |
| BRIGHTLIGHT CAPITAL MANAGEMENT LP | 3,466,800 | 3,334,760 | -132,040 | 18.09 | 27.14 | +9.05 | sell |
| INCA Investments LLC | 788,001 | 654,392 | -133,609 | 2.02 | 1.92 | -0.11 | sell |
| SPX Gestao de Recursos Ltda | 7,551,676 | 5,949,286 | -1,602,390 | 5.67 | 4.09 | -1.58 | sell |