Arcos Dorados Holdings Inc. (ARCO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Emeth Value Capital, Llc	1,391,605	$11,216,336	9.99%
2.	O'keefe Stevens Advisory, Inc.	506,247	$4,080,352	1.34%
3.	Sapient Capital Llc	276,801	$2,231,016	0.04%
4.	Diligent Investors, Llc	72,694	$585,913	0.14%
5.	Baker Ellis Asset Management Llc	40,500	$326,430	0.05%