Kora Management’s Arcos Dorados Holdings ARCO Stock Holding History

Kora Management’s Portfolio ARCO Stock Details ARCO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-2,031,641	Closed	-$18.1M	–	8
2018 Q1	$18.1M	Hold	2,031,641	–	–	7.98%	6
2017 Q4	$20.5M	Hold	2,031,641	–	–	13%	5
2017 Q3	$19.9M	Hold	2,031,641	–	–	11.54%	4
2017 Q2	$14.7M	Sell	2,031,641 -226,121	-10%	-$1.83M	9.41%	5
2017 Q1	$17.7M	Buy	2,257,762 +719,476	+47%	+$4.44M	10.49%	3
2016 Q4	$8.08M	Buy	+1,538,286	New	+$8.76M	6.03%	8

Other funds holding ARCO

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Teachers Advisors New York $81.7B AUM 13.62% 1-Year Est. Return

TCIM

TIAA CREF Investment Management New York $141B AUM 14.18% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $23.2B AUM 40.19% 1-Year Est. Return

Compass Group New York $2.95M AUM 52.43% 1-Year Est. Return

Acadian Asset Management Boston, Massachusetts $84.2B AUM 55.88% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Gates Foundation Trust Kirkland, Washington $34.4B AUM 26.34% 1-Year Est. Return

INCA Investments Miami, Florida $353M AUM 34.81% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Kora Management's ARCO Position: Q2 2018 in Review

Kora Management sold out of Arcos Dorados Holdings (ARCO) in Q2 2018, closing a stake of 2,031,641 shares — an estimated $18.1M sold.

Kora Management first reported a position in ARCO in Q4 2016 and held it in 6 quarters. The position peaked at $20.5M in Q4 2017. 105 funds tracked by Wall St. Rank hold ARCO as of Q2 2018.

Kora Management reported no remaining Arcos Dorados Holdings position as of Q2 2018 after selling out during the quarter.
Kora Management sold 2,031,641 Arcos Dorados Holdings shares in Q2 2018, an estimated $18.1M.
Kora Management first reported a position in Arcos Dorados Holdings in Q4 2016 and held it in 6 quarters.
Kora Management's Arcos Dorados Holdings position peaked at $20.5M in Q4 2017.
105 funds tracked by Wall St. Rank held Arcos Dorados Holdings as of Q2 2018.

Based on Kora Management's 13F filing for Q2 2018, filed 14 Aug 2018.