Tiger Consumer 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
2014 Q2	–	Sell	-2,101,949	Closed	-$20.6M	–	28
2014 Q1	$20.6M	Hold	2,101,949	–	–	0.95%	28
2013 Q4	$24.8M	Buy	2,101,949 +832,343	+66%	+$9.81M	1%	33
2013 Q3	$14.6M	Sell	1,269,606 -406,675	-24%	-$4.69M	0.61%	33
2013 Q2	$19M	Buy	+1,676,281	New	+$19M	0.67%	38