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Restaurant Brands International Inc.

QSR
Exchange
NYSE
Industry
Retail-Eating Places
SEC CIK
0001618756

In the last 90 days, Restaurant Brands International Inc. insiders filed 0 open-market purchases and 2 sales; 580 institutions reported holding it in 13F filings for Q2 2026, worth $23.5B in total; superinvestors Pershing Square and Baupost Group hold it.

13F holders, Q4 2022

Institutional positions in Restaurant Brands International Inc. as of Dec 31, 2022. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
427
+38 vs. Q3 2022
Shares held
250.9M
+8.13M (+3.4%) vs. Q3 2022
Total value
$16.3B
+$3.29B (+25.4%) vs. Q3 2022
New holders
74
121 more added
Sold out
36
165 more reduced

6 institutions that held it in Q3 2022 haven't filed for Q4 2022 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2022: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting QSR on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2022: 427 institutions
Q1 2021: 362 institutionsQ2 2021: 367 institutionsQ3 2021: 375 institutionsQ4 2021: 388 institutionsQ1 2022: 385 institutionsQ2 2022: 383 institutionsQ3 2022: 395 institutionsQ4 2022: 427 institutionsQ1 2023: 433 institutionsQ2 2023: 432 institutionsQ3 2023: 440 institutionsQ4 2023: 464 institutionsQ1 2024: 461 institutionsQ2 2024: 445 institutionsQ3 2024: 463 institutionsQ4 2024: 449 institutionsQ1 2025: 459 institutionsQ2 2025: 455 institutionsQ3 2025: 464 institutionsQ4 2025: 506 institutionsQ1 2026: 550 institutionsQ2 2026: 580 institutions
Value heldQ4 2022: $16.3B
Q1 2021: $16.1BQ2 2021: $15.5BQ3 2021: $15.2BQ4 2021: $15.2BQ1 2022: $14.0BQ2 2022: $12.3BQ3 2022: $13.0BQ4 2022: $16.3BQ1 2023: $17.7BQ2 2023: $20.2BQ3 2023: $17.5BQ4 2023: $20.4BQ1 2024: $20.5BQ2 2024: $19.0BQ3 2024: $19.7BQ4 2024: $17.2BQ1 2025: $18.6BQ2 2025: $18.9BQ3 2025: $18.6BQ4 2025: $20.1BQ1 2026: $22.4BQ2 2026: $23.5B
Institutions holding QSR and their total value by quarter
QuarterHoldersValue
Q2 2026580$23.5B
Q1 2026550$22.4B
Q4 2025506$20.1B
Q3 2025464$18.6B
Q2 2025455$18.9B
Q1 2025459$18.6B
Q4 2024449$17.2B
Q3 2024463$19.7B
Q2 2024445$19.0B
Q1 2024461$20.5B
Q4 2023464$20.4B
Q3 2023440$17.5B
Q2 2023432$20.2B
Q1 2023433$17.7B
Q4 2022427$16.3B
Q3 2022395$13.0B
Q2 2022383$12.3B
Q1 2022385$14.0B
Q4 2021388$15.2B
Q3 2021375$15.2B
Q2 2021367$15.5B
Q1 2021362$16.1B

Institutions, Q4 2022

Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q3 2022.

Institutions holding QSR in Q4 2022
InstitutionSharesValue% of portfolioChange in sharesAction
Capital World Investors40,096,263$2.59B0.55%+2,541,431+6.8%Added
Pershing Square Capital Management, L.P.24,194,166$1.56B17.81%00.0%Unchanged
Royal Bank of Canada21,348,979$1.38B0.42%−221,695−1.0%Reduced
EdgePoint Investment Group Inc.13,099,228$846.7M9.03%−827,741−5.9%Reduced
Vanguard Group Inc11,074,750$716.2M0.02%+240,262+2.2%Added
Capital Research Global Investors10,269,642$664.1M0.20%+5,075,412+97.7%Added
Beutel, Goodman & Co Ltd.8,577,020$554.3M3.36%−94,690−1.1%Reduced
Jarislowsky, Fraser Ltd7,932,261$512.7M3.35%−2,108,776−21.0%Reduced
Bank of Montreal5,924,194$398.5M0.31%+450,110+8.2%Added
Mackenzie Financial Corp4,998,670$322.8M0.55%−569,072−10.2%Reduced
Manufacturers Life Insurance Company, The4,963,347$320.9M0.20%+231,116+4.9%Added
CIBC Asset Management Inc4,274,894$276.5M1.17%−222,066−4.9%Reduced
FIL Ltd4,272,548$276.3M0.33%+2,616,281+158.0%Added
FMR LLC3,790,980$245.2M0.02%+216,324+6.1%Added
Connor, Clark & Lunn Investment Management Ltd.3,622,199$234.3M1.35%+721,730+24.9%Added
Bank of Nova Scotia3,323,723$215.0M0.56%−719,832−17.8%Reduced
Canada Pension Plan Investment Board2,675,545$172.9M0.31%+636,800+31.2%Added
CIBC World Markets Inc.2,663,355$172.2M0.68%−1,578−0.1%Reduced
TD Asset Management Inc2,582,719$166.9M0.21%−49,827−1.9%Reduced
1832 Asset Management L.P.2,550,008$164.9M0.34%−739,725−22.5%Reduced
Fiera Capital Corp2,422,532$156.8M0.49%−59,638−2.4%Reduced
National Bank of Canada2,297,288$148.5M0.40%+1,788,595+351.6%Added
Epoch Investment Partners, Inc.1,977,257$127.9M0.76%−75,361−3.7%Reduced
Alliancebernstein L.P.1,957,325$126.6M0.06%+1,349,590+222.1%Added
Invesco Ltd.1,749,933$113.2M0.03%+56,749+3.4%Added
Harris Associates L PSuperinvestorHarris Associates (Oakmark)1,721,043$111.3M0.23%−589,560−25.5%Reduced
Burgundy Asset Management Ltd.1,699,606$109.9M1.42%−150,120−8.1%Reduced
JPMorgan Chase & Co1,596,803$103.3M0.01%+46,915+3.0%Added
Earnest Partners LLC1,590,642$102.9M0.63%−21,887−1.4%Reduced
Goldman Sachs Group Inc1,588,201$102.7M0.03%−1,200,875−43.1%Reduced
Scotia Capital Inc.1,540,595$99.4M0.76%−47,059−3.0%Reduced
Citadel Advisors LLC1,431,423$92.6M0.11%−678,735−32.2%Reduced
TD Waterhouse Canada Inc.1,074,351$92.0M1.01%−50,299−4.5%Reduced
Norges Bank1,409,311$91.1M0.02%+61,682+4.6%Added
Primecap Management Co1,368,000$88.5M0.08%00.0%Unchanged
Legal & General Group Plc1,310,183$84.7M0.03%−119,319−8.3%Reduced
Guardian Capital LP1,266,557$81.9M2.70%−79,162−5.9%Reduced
Swiss National Bank1,225,030$79.2M0.06%−94,431−7.2%Reduced
Renaissance Technologies LLC1,195,987$77.4M0.11%+929,387+348.6%Added
Toronto Dominion Bank1,188,550$76.9M0.12%−8,465−0.7%Reduced
Cidel Asset Management Inc1,024,232$66.2M3.10%−90,532−8.1%Reduced
Point72 Asset Management, L.P.1,007,245$65.1M0.25%−421,915−29.5%Reduced
Caisse de Depot Et Placement du Quebec1,006,692$65.1M0.20%+100,000+11.0%Added
Credit Suisse AG1,001,442$64.8M0.07%−29,018−2.8%Reduced
Scopus Asset Management, L.P.1,000,000$64.7M2.62%−425,000−29.8%Reduced
Geode Capital Management, LLC922,036$59.8M0.01%−12,825−1.4%Reduced
Bank of America Corp915,993$59.2M0.01%+96,729+11.8%Added
Alberta Investment Management Corp909,510$58.8M0.52%+42,167+4.9%Added
Letko, Brosseau & Associates Inc810,740$52.4M0.94%−97,350−10.7%Reduced
Amundi754,365$49.7M0.03%+144,689+23.7%Added
GW&K Investment Management, LLC757,132$49.0M0.50%−3,639−0.5%Reduced
Dorsal Capital Management, LLC750,000$48.5M3.04%+750,000New
Sumitomo Mitsui Trust Holdings, Inc.730,004$47.2M0.04%−11,529−1.6%Reduced
Candlestick Capital Management LP720,549$46.6M2.06%+720,549New
Massachusetts Financial Services Co626,217$40.5M0.01%−49,059−7.3%Reduced
Dimensional Fund Advisors LP625,366$40.4M0.01%+74,370+13.5%Added
Bridgewater Associates, LP620,537$40.1M0.22%−210,343−25.3%Reduced
Iridian Asset Management LLC605,218$39.1M3.77%−86,011−12.4%Reduced
Credential Qtrade Securities Inc.598,323$38.7M2.78%+1010.0%Added
Morgan Stanley575,197$37.2M0.00%−25,972−4.3%Reduced
Scheer, Rowlett & Associates Investment Management Ltd.564,154$36.5M3.04%−8,286−1.4%Reduced
SEI Investments Co552,620$35.7M0.08%−23,042−4.0%Reduced
Lincluden Management Ltd522,585$33.8M4.01%−20,495−3.8%Reduced
Millennium Management LLC518,191$33.5M0.04%+464,027+856.7%Added
Alta Capital Management LLC512,477$33.1M2.54%+122,837+31.5%Added
Adage Capital Partners GP, L.L.C.508,200$32.9M0.08%−63,300−11.1%Reduced
Galibier Capital Management Ltd.500,422$32.3M6.56%−245,943−33.0%Reduced
Triasima Portfolio Management inc.465,040$30.1M2.30%+97,650+26.6%Added
Addenda Capital Inc.305,992$27.0M1.17%−9,820−3.1%Reduced
Arrowstreet Capital, Limited Partnership416,081$26.9M0.04%+124,764+42.8%Added
MIC Capital Management UK LLP386,203$25.0M4.93%00.0%Unchanged
Intact Investment Management Inc.361,091$23.4M1.01%−700−0.2%Reduced
Abeille Asset Management SA263,821$22.9M1.18%+263,821New
State of Wisconsin Investment Board333,708$21.6M0.07%+126,420+61.0%Added
Bank of New York Mellon Corp330,269$21.4M0.00%+7,030+2.2%Added
UBS Group AG329,977$21.3M0.01%+125,350+61.3%Added
Spears Abacus Advisors LLC323,608$20.9M2.00%+19,469+6.4%Added
Gluskin Sheff & Assoc Inc321,778$20.8M1.17%−92,566−22.3%Reduced
Man Group plc317,762$20.5M0.07%+142,845+81.7%Added
Raymond James Financial Services Advisors, Inc.296,917$19.2M0.04%+133,290+81.5%Added
Federation des caisses Desjardins du Quebec256,591$18.9M0.22%−65,389−20.3%Reduced
Public Sector Pension Investment Board285,722$18.5M0.15%−1,587−0.6%Reduced
Great West Life Assurance Co284,663$18.4M0.05%+7,366+2.7%Added
Wells Fargo & Company282,669$18.3M0.01%−127,790−31.1%Reduced
Braun Stacey Associates Inc280,437$18.1M1.03%+51,633+22.6%Added
Envestnet Asset Management Inc269,338$17.4M0.01%+23,112+9.4%Added
Standard Life Aberdeen plc260,663$16.9M0.05%+12,438+5.0%Added
RDST Capital LLC247,805$16.0M9.79%+12,055+5.1%Added
Bank of Nova Scotia Trust Co239,541$15.5M1.68%−15,521−6.1%Reduced
Deutsche Bank AG238,335$15.4M0.01%+16,803+7.6%Added
Davidson Kempner Capital Management LP231,400$15.0M0.32%+115,461+99.6%Added
BlackRock Inc.230,493$14.9M0.00%+17,425+8.2%Added
Price T Rowe Associates Inc224,868$14.5M0.00%+3,405+1.5%Added
Polar Asset Management Partners Inc.209,900$13.6M0.19%+27,600+15.1%Added
Rockefeller Capital Management L.P.205,639$13.3M0.07%−5,154−2.4%Reduced
Arvest Trust Co N A203,959$13.2M0.83%+203,959New
American Century Companies Inc192,891$12.5M0.01%−122,341−38.8%Reduced
Neuberger Berman Group LLC190,358$12.3M0.01%+30,681+19.2%Added
Manning & Napier Group, LLC189,527$12.3M0.15%−6,301−3.2%Reduced
Mane Global Capital Management LP187,983$12.2M3.00%−449,278−70.5%Reduced