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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, Q2 2023

Institutional positions in Restaurant Brands International Inc. as of Jun 30, 2023. 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
432
+2 vs. Q1 2023
Shares held
259.6M
−21.5M (−7.6%) vs. Q1 2023
Total value
$20.2B
+$2.46B (+13.9%) vs. Q1 2023
New holders
54
144 more added
Sold out
52
151 more reduced

3 institutions that held it in Q1 2023 haven't filed for Q2 2023 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2023: 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 holdersQ2 2023: 432 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 heldQ2 2023: $20.2B
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, Q2 2023

Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q1 2023.

Institutions holding QSR in Q2 2023
InstitutionSharesValue% of portfolioChange in sharesAction
Capital World Investors41,731,550$3.24B0.62%+223,757+0.5%Added
Pershing Square Capital Management, L.P.23,348,135$1.81B16.73%−846,031−3.5%Reduced
Royal Bank of Canada22,319,024$1.73B0.48%−330,398−1.5%Reduced
Capital Research Global Investors19,898,620$1.54B0.41%+1,350,491+7.3%Added
EdgePoint Investment Group Inc.13,554,364$1.05B9.44%−453,329−3.2%Reduced
Vanguard Group Inc11,577,453$897.5M0.02%+414,553+3.7%Added
Jarislowsky, Fraser Ltd7,397,619$574.2M3.42%−349,321−4.5%Reduced
Beutel, Goodman & Co Ltd.7,267,972$564.1M3.16%−822,427−10.2%Reduced
FIL Ltd7,071,434$548.3M0.62%+1,274,234+22.0%Added
Bank of Montreal5,160,511$400.7M0.25%−2,714−0.1%Reduced
FMR LLC4,196,792$325.4M0.03%+192,674+4.8%Added
CIBC Asset Management Inc4,117,038$319.4M1.25%−25,444−0.6%Reduced
Mackenzie Financial Corp3,994,294$309.6M0.47%−1,195,675−23.0%Reduced
Manufacturers Life Insurance Company, The3,669,706$284.4M0.16%−1,426,413−28.0%Reduced
Bank of Nova Scotia3,213,456$249.1M0.65%−469,146−12.7%Reduced
Connor, Clark & Lunn Investment Management Ltd.2,843,862$220.5M1.10%−226,557−7.4%Reduced
Norges Bank2,794,456$216.6M0.04%+1,208,379+76.2%Added
Fiera Capital Corp2,744,849$213.1M0.62%+210,216+8.3%Added
CIBC World Markets Inc.2,728,341$211.5M0.73%+100,959+3.8%Added
TD Asset Management Inc2,685,986$208.5M0.24%+87,300+3.4%Added
Alliancebernstein L.P.2,585,709$200.4M0.08%−3990.0%Reduced
1832 Asset Management L.P.2,494,655$193.4M0.38%−36,687−1.4%Reduced
National Bank of Canada2,331,079$180.5M0.36%−78,421−3.3%Reduced
Holocene Advisors, LP2,294,258$177.9M0.78%+2,179,856+1,905.4%Added
Canoe Financial LP1,982,324$153.8M3.22%−90,356−4.4%Reduced
Epoch Investment Partners, Inc.1,820,280$141.1M0.82%−108,373−5.6%Reduced
Dorsal Capital Management, LLC1,800,000$139.5M5.59%+50,000+2.9%Added
Bank of New York Mellon Corp1,780,370$138.0M0.03%−14,773−0.8%Reduced
JPMorgan Chase & Co1,607,011$124.6M0.01%+16,398+1.0%Added
Earnest Partners LLC1,561,995$121.1M0.68%−17,176−1.1%Reduced
Primecap Management Co1,498,900$116.2M0.10%+34,000+2.3%Added
Scotia Capital Inc.1,374,537$106.4M0.73%−70,716−4.9%Reduced
Goldman Sachs Group Inc1,370,276$106.2M0.03%+1,012,315+282.8%Added
Legal & General Group Plc1,364,801$105.9M0.03%+33,435+2.5%Added
TD Waterhouse Canada Inc.976,826$99.7M0.99%−68,050−6.5%Reduced
Burgundy Asset Management Ltd.1,274,116$98.8M1.16%−362,486−22.1%Reduced
Canada Pension Plan Investment Board1,265,175$98.2M0.15%−2,750,000−68.5%Reduced
Toronto Dominion Bank1,232,392$96.6M0.14%+1,786+0.1%Added
Swiss National Bank1,112,230$86.3M0.06%−58,100−5.0%Reduced
Geode Capital Management, LLC1,052,245$82.5M0.01%+72,111+7.4%Added
Invesco Ltd.1,037,277$80.4M0.02%−98,823−8.7%Reduced
Bank of America Corp1,014,314$78.6M0.01%−14,317−1.4%Reduced
Cidel Asset Management Inc993,557$77.1M3.49%−32,526−3.2%Reduced
Guardian Capital LP961,737$74.6M2.39%−268,379−21.8%Reduced
Harris Associates L PSuperinvestorHarris Associates (Oakmark)864,439$67.0M0.13%−830,104−49.0%Reduced
Alberta Investment Management Corp854,538$66.3M0.64%−53,891−5.9%Reduced
Ameriprise Financial Inc849,908$66.0M0.02%+754,765+793.3%Added
Arrowstreet Capital, Limited Partnership800,050$62.0M0.08%+627,022+362.4%Added
Morgan Stanley797,932$61.9M0.01%+58,259+7.9%Added
Intact Investment Management Inc.733,530$56.9M2.32%−90,130−10.9%Reduced
Point72 Asset Management, L.P.694,537$53.8M0.19%+694,537New
Dimensional Fund Advisors LP657,549$51.0M0.02%+20,967+3.3%Added
Credential Qtrade Securities Inc.648,293$50.3M3.16%+12,198+1.9%Added
Letko, Brosseau & Associates Inc641,379$49.8M0.93%−157,936−19.8%Reduced
Bridgewater Associates, LP638,019$49.5M0.31%+7,609+1.2%Added
Citadel Advisors LLC618,925$48.0M0.05%+618,925New
Sumitomo Mitsui Trust Holdings, Inc.617,972$48.0M0.04%−119,831−16.2%Reduced
GW&K Investment Management, LLC605,748$47.0M0.45%−154,521−20.3%Reduced
Schonfeld Strategic Advisors LLC586,119$45.4M0.39%+578,919+8,040.5%Added
Scheer, Rowlett & Associates Investment Management Ltd.577,733$44.8M3.58%+17,300+3.1%Added
Massachusetts Financial Services Co572,240$44.4M0.01%−9,887−1.7%Reduced
Triasima Portfolio Management inc.398,610$40.9M2.59%−15,300−3.7%Reduced
SEI Investments Co478,861$37.1M0.06%−64,739−11.9%Reduced
Alta Capital Management LLC468,442$36.3M2.49%−12,050−2.5%Reduced
Amundi460,515$35.6M0.02%+16,346+3.7%Added
Credit Suisse AG457,415$35.5M0.04%+1,759+0.4%Added
Addenda Capital Inc.320,767$33.2M1.39%−6,860−2.1%Reduced
Galibier Capital Management Ltd.409,699$31.8M7.30%+2,801+0.7%Added
MIC Capital Management UK LLP386,203$29.9M6.09%00.0%Unchanged
Weiss Multi-Strategy Advisers LLC384,959$29.8M0.64%+371,599+2,781.4%Added
Nuveen Asset Management, LLC357,078$27.7M0.01%+186,778+109.7%Added
Lincluden Management Ltd347,465$26.9M3.10%−75,941−17.9%Reduced
Spears Abacus Advisors LLC347,195$26.9M2.20%−534−0.2%Reduced
Hudson Bay Capital Management LP342,580$26.6M0.27%+267,763+357.9%Added
Braun Stacey Associates Inc336,725$26.1M1.21%−230,267−40.6%Reduced
Deutsche Bank AG324,457$25.2M0.01%+77,785+31.5%Added
RDST Capital LLC323,615$25.1M10.32%+42,060+14.9%Added
Great West Life Assurance Co313,519$24.4M0.06%+12,741+4.2%Added
Federation des caisses Desjardins du Quebec281,852$23.7M0.23%+84,209+42.6%Added
BlackRock Inc.292,551$22.7M0.00%+77,904+36.3%Added
UBS Group AG287,926$22.3M0.01%−5,709−1.9%Reduced
Envestnet Asset Management Inc274,277$21.3M0.01%+3,972+1.5%Added
Wells Fargo & Company273,769$21.2M0.01%−33,569−10.9%Reduced
Ofi Invest Asset Management259,175$20.1M0.80%−17,816,860−98.6%Reduced
Man Group plc255,291$19.8M0.06%––
Iridian Asset Management LLC255,103$19.8M1.84%−328,790−56.3%Reduced
Bank of Nova Scotia Trust Co243,459$18.9M1.97%+3,102+1.3%Added
Renaissance Technologies LLC241,200$18.7M0.03%−787,287−76.5%Reduced
Gluskin Sheff & Assoc Inc240,154$18.6M1.13%−56,163−19.0%Reduced
Standard Life Aberdeen plc235,000$18.2M0.04%−35,663−13.2%Reduced
Rockefeller Capital Management L.P.219,122$17.0M0.07%−2,848−1.3%Reduced
Baskin Financial Services Inc.211,766$16.4M1.58%+10,123+5.0%Added
Neuberger Berman Group LLC200,325$15.5M0.01%−3,678−1.8%Reduced
Price T Rowe Associates Inc196,274$15.2M0.00%−27,996−12.5%Reduced
Arvest Trust Co N A187,565$14.4M0.86%−6,198−3.2%Reduced
State of Tennessee, Treasury Department180,464$14.0M0.06%+180,464New
Capital International Ltd175,772$13.6M0.76%+450+0.3%Added
Alyeska Investment Group, L.P.175,272$13.6M0.10%−121,728−41.0%Reduced
Davidson Kempner Capital Management LP174,127$13.5M0.28%−125,773−41.9%Reduced
Manning & Napier Group, LLC168,500$13.1M0.15%−50,859−23.2%Reduced