Arcos Dorados Holdings
ARCO
85 hedge funds and large institutions have $620M invested in Arcos Dorados Holdings in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 31 increasing their positions, 30 reducing their positions, and 20 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 30
7.66% less ownership
Funds ownership: 89.55% → 81.89% (-7.7%)
10% less funds holding
Funds holding: 94 → 85 (-9)
45% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 20
47% less call options, than puts
Call options by funds: $906K | Put options by funds: $1.71M
51% less capital invested
Capital invested by funds: $1.27B → $620M (-$647M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
+$19.9M |
| 2 |
BCIM
Black Creek Investment Management
Toronto,
Ontario, Canada
|
+$17.5M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$7.89M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$5.19M |
| 5 |
Goldman Sachs
New York
|
+$3.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
-$35.2M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$30.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$24.6M |
| 4 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$14.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$11.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
101
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$41K | -3,757 | Closed |
|
|
RFS
102
Rockefeller Financial Services
New York
| – | -$30K | -2,686 | Closed |
|
103
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$18K | -2,234 | -97% |
|
|
DADC
104
D.A. Davidson & Co
Great Falls,
Montana
| – | -$1K | -134 | Closed |
|
ARCO Hedge Fund Activity: Q3 2014 in Review
85 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Arcos Dorados Holdings (ARCO) for Q3 2014, worth a combined $620M — down 51% from $1.27B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of ARCO and 11 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 31 added.
The largest buyer was Coronation Asset Management, adding an estimated $19.9M. The largest seller was HHR Asset Management, cutting an estimated $35.2M.
- 85 institutional investors held Arcos Dorados Holdings (ARCO) as of Q3 2014, down from 94 in Q2 2014.
- Funds reported $620M of Arcos Dorados Holdings stock for Q3 2014, down 51% quarter-over-quarter.
- 11 funds opened new Arcos Dorados Holdings positions in Q3 2014 and 20 closed out, a net change of -9 holders.
- The largest Arcos Dorados Holdings buyer in Q3 2014 was Coronation Asset Management, an estimated $19.9M added.
- The largest Arcos Dorados Holdings seller in Q3 2014 was HHR Asset Management, an estimated $35.2M sold.
Based on aggregated 13F filings for Q3 2014.