Global Endowment Management’s Arcos Dorados Holdings ARCO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-203,859	Closed	-$977K	–	242
2015 Q1	$977K	Buy	203,859 +18,779	+10%	+$90K	0.15%	145
2014 Q4	$974K	Buy	+185,080	New	+$974K	0.16%	148