As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Arcos Dorados Holdings Inc. The largest reported stake is Lazard Asset Management LLC's, at 18.9%. 11 filings are on record since July 15, 2025 (Schedule 13G, August 14, 2026).
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Key facts
- · Reporting person: Lazard Asset Management LLC · Sole voting: 24,687,429 · Shared voting: 0 · Sole dispositive: 24,687,429 · Shared dispositive: 0 · SCHEDULE 13G, 2026-08-14
- · Holder: Lazard Asset Management LLC · Percent: 17.7% · SCHEDULE 13G
- · Holder: Lazard Asset Management LLC · Percent: 16.4% · SCHEDULE 13G
- · Holder: Lazard Asset Management LLC · Percent: 15.4% · SCHEDULE 13G
- · Holder: Pzena Investment Management LLC · Percent: 8.7% · SCHEDULE 13G/A
Arcos Dorados Holdings Inc has 11 Schedule 13D or 13G filings on record since 2025-07-15. 2 holders' latest filing reports 5% or more of equity. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Lazard Asset Management LLC | 18.9% | 24,687,429 | SCHEDULE 13G, 2026-08-14 | 2026-06-30 |
| Pzena Investment Management LLC | 8.7% | 11,427,294 | SCHEDULE 13G/A, 2025-10-16 | 2025-09-30 |
| TIAA-CREF Investment Management, LLC | 0.23% | 296,574 | SCHEDULE 13G/A, 2025-09-04 | 2025-08-29 |
| College Retirement Equities Fund- Stock Account | 0.23% | 296,574 | SCHEDULE 13G/A, 2025-09-04 | 2025-08-29 |
| Teachers Advisors, LLC | 0.04% | 52,656 | SCHEDULE 13G/A, 2025-09-04 | 2025-08-29 |
| Nuveen Asset Management, LLC | 0% | 718 | SCHEDULE 13G/A, 2025-09-04 | 2025-08-29 |
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Keep reading
More on Arcos Dorados Holdings Inc and the records around it.
Arcos Dorados Holdings Inc elsewhere on the record
Companies that share a holder
- College Retirement Equities Fund- Stock Account also filed stake reports on 1 other company: Rocket Companies, Inc. (Nov 2025)
- Nuveen Asset Management, LLC also filed stake reports on 4 other companies: Perella Weinberg Partners (Nov 2026), TripAdvisor Inc (Nov 2026), NETSTREIT Corp. (Aug 2026)
- TEACHERS ADVISORS, LLC also filed stake reports on 4 other companies: NETSTREIT Corp. (Aug 2026), Perella Weinberg Partners (Aug 2026), TripAdvisor Inc (Aug 2026)
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What the Full Report on Arcos Dorados Holdings Inc covers
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What They Do, And How The Money Works
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Lazard Asset Management LLC | 24,687,429 | 0 | 24,687,429 | 0 | SCHEDULE 13G, 2026-08-14 |
The latest filing identifies Arcos Dorados Holdings Inc by CUSIP G0457F107 and gives its principal executive office as Rio Negro 1338, WTC Free Zone, Montevideo (SCHEDULE 13G, 2026-08-14).
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-15 | Pzena Investment Management LLC | 5% | SCHEDULE 13G |
| 2025-08-14 | Lazard Asset Management LLC | 11.5% | SCHEDULE 13G |
| 2025-09-04 | Nuveen Asset Management, LLC | 0% | SCHEDULE 13G/A |
| 2025-09-04 | TIAA-CREF Investment Management, LLC | 0.23% | SCHEDULE 13G/A |
| 2025-09-04 | Teachers Advisors, LLC | 0.04% | SCHEDULE 13G/A |
| 2025-09-04 | College Retirement Equities Fund- Stock Account | 0.23% | SCHEDULE 13G/A |
| 2025-10-16 | Pzena Investment Management LLC | 8.7% | SCHEDULE 13G/A |
| 2025-11-14 | Lazard Asset Management LLC | 15.4% | SCHEDULE 13G |
| 2026-02-17 | Lazard Asset Management LLC | 16.4% | SCHEDULE 13G |
| 2026-05-15 | Lazard Asset Management LLC | 17.7% | SCHEDULE 13G |
| 2026-08-14 | Lazard Asset Management LLC | 18.9% | SCHEDULE 13G |
Questions about who owns Arcos Dorados Holdings Inc
Who owns Arcos Dorados Holdings Inc?
On this page, 2 holders' latest ownership filings report 5% or more of Arcos Dorados Holdings Inc: Lazard Asset Management LLC (18.9%, Schedule 13G, filed 2026-08-14) and Pzena Investment Management LLC (8.7%, Schedule 13G/A, filed 2025-10-16).
Who are the largest shareholders of Arcos Dorados Holdings Inc?
By the share each holder's latest filing reports, the largest holders of Arcos Dorados Holdings Inc on this page are Lazard Asset Management LLC (18.9%) and Pzena Investment Management LLC (8.7%).
When did Lazard Asset Management LLC buy into Arcos Dorados Holdings Inc?
The filings give report dates, not purchase dates. The earliest filing from Lazard Asset Management LLC on this page is the Schedule 13G, filed 2025-08-14, reporting 11.5%; its latest, Schedule 13G filed 2026-08-14, reports 18.9%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 11 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.