Meru Capital Group’s Arcos Dorados Holdings ARCO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-112,033	Closed	-$652K	–	52
2014 Q3	$652K	Buy	112,033 +30,835	+38%	+$179K	0.23%	49
2014 Q2	$885K	Buy	+81,198	New	+$885K	0.25%	34