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, Q1 2025
Institutional positions in Restaurant Brands International Inc. as of Mar 31, 2025. 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
- 459
- +19 vs. Q4 2024
- Shares held
- 278.4M
- +15.0M (+5.7%) vs. Q4 2024
- Total value
- $18.6B
- +$1.40B (+8.1%) vs. Q4 2024
- New holders
- 75
- 172 more added
- Sold out
- 56
- 144 more reduced
9 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 580 | $23.5B |
| Q1 2026 | 550 | $22.4B |
| Q4 2025 | 506 | $20.1B |
| Q3 2025 | 464 | $18.6B |
| Q2 2025 | 455 | $18.9B |
| Q1 2025 | 459 | $18.6B |
| Q4 2024 | 449 | $17.2B |
| Q3 2024 | 463 | $19.7B |
| Q2 2024 | 445 | $19.0B |
| Q1 2024 | 461 | $20.5B |
| Q4 2023 | 464 | $20.4B |
| Q3 2023 | 440 | $17.5B |
| Q2 2023 | 432 | $20.2B |
| Q1 2023 | 433 | $17.7B |
| Q4 2022 | 427 | $16.3B |
| Q3 2022 | 395 | $13.0B |
| Q2 2022 | 383 | $12.3B |
| Q1 2022 | 385 | $14.0B |
| Q4 2021 | 388 | $15.2B |
| Q3 2021 | 375 | $15.2B |
| Q2 2021 | 367 | $15.5B |
| Q1 2021 | 362 | $16.1B |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 42,585,588 | $2.84B | 0.46% | −832,600−1.9% | Reduced |
| Pershing Square Capital Management, L.P. | 23,000,914 | $1.53B | 12.85% | 00.0% | Unchanged |
| Royal Bank of Canada | 22,626,635 | $1.51B | 0.34% | +3,260,735+16.8% | Added |
| Vanguard Group Inc | 14,169,061 | $944.5M | 0.02% | +1,003,563+7.6% | Added |
| EdgePoint Investment Group Inc. | 13,715,604 | $914.5M | 7.41% | +896,034+7.0% | Added |
| Bank of Montreal | 11,367,640 | $757.9M | 0.40% | +1,362,818+13.6% | Added |
| Goldman Sachs Group Inc | 8,108,527 | $540.4M | 0.10% | +47,192+0.6% | Added |
| FMR LLC | 8,082,030 | $538.7M | 0.03% | +934,941+13.1% | Added |
| 1832 Asset Management L.P. | 6,959,757 | $463.8M | 0.89% | +289,233+4.3% | Added |
| Jarislowsky, Fraser Ltd | 6,225,039 | $414.9M | 2.60% | −105,865−1.7% | Reduced |
| Beutel, Goodman & Co Ltd. | 5,798,567 | $386.5M | 2.23% | +159,330+2.8% | Added |
| Capital Research Global Investors | 5,601,030 | $373.3M | 0.08% | −5,660,358−50.3% | Reduced |
| FIL Ltd | 5,366,558 | $357.7M | 0.34% | +3,619,252+207.1% | Added |
| Mackenzie Financial Corp | 4,912,807 | $327.5M | 0.47% | +717,867+17.1% | Added |
| TD Asset Management Inc | 4,631,461 | $308.7M | 0.28% | +1,053,640+29.4% | Added |
| Fiera Capital Corp | 4,219,476 | $281.6M | 1.02% | +523,829+14.2% | Added |
| Citadel Advisors LLC | 4,212,323 | $280.7M | 0.27% | +3,171,442+304.7% | Added |
| Norges Bank | 4,191,851 | $279.4M | 0.04% | +125,121+3.1% | Added |
| National Bank of Canada | 3,971,981 | $263.2M | 0.31% | +252,391+6.8% | Added |
| Baupost Group LLCSuperinvestorBaupost Group | 3,886,562 | $259.0M | 7.41% | +984,862+33.9% | Added |
| CIBC World Markets Inc. | 3,625,974 | $241.6M | 0.55% | +807,118+28.6% | Added |
| Davis Selected Advisers | 3,372,511 | $224.7M | 1.30% | +3,372,511 | New |
| Meritage Group LP | 3,301,689 | $220.0M | 6.05% | 00.0% | Unchanged |
| CIBC Asset Management Inc | 3,149,068 | $211.6M | 0.70% | +177,769+6.0% | Added |
| Invesco Ltd. | 2,644,757 | $176.2M | 0.03% | +2,177,302+465.8% | Added |
| Canoe Financial LP | 2,307,351 | $153.8M | 2.47% | +291,269+14.4% | Added |
| Geode Capital Management, LLC | 2,018,356 | $136.0M | 0.01% | +170,551+9.2% | Added |
| Morgan Stanley | 1,983,944 | $132.2M | 0.01% | +15,987+0.8% | Added |
| Canada Pension Plan Investment Board | 1,825,581 | $121.6M | 0.12% | −1,155,776−38.8% | Reduced |
| Bank of Nova Scotia | 1,668,748 | $111.3M | 0.25% | +450,364+37.0% | Added |
| Burgundy Asset Management Ltd. | 1,592,502 | $106.3M | 1.10% | +425,203+36.4% | Added |
| Legal & General Group Plc | 1,529,599 | $102.0M | 0.03% | +31,105+2.1% | Added |
| Bank of America Corp | 1,513,325 | $100.8M | 0.01% | +411,411+37.3% | Added |
| JPMorgan Chase & Co | 1,491,804 | $99.4M | 0.01% | −2,554,112−63.1% | Reduced |
| Scotia Capital Inc. | 1,481,072 | $97.3M | 0.52% | −63,641−4.1% | Reduced |
| Healthcare of Ontario Pension Plan Trust Fund | 1,400,000 | $93.3M | 0.21% | +1,400,000 | New |
| Alberta Investment Management Corp | 1,381,830 | $92.1M | 0.63% | +467,330+51.1% | Added |
| Federation des caisses Desjardins du Quebec | 1,394,711 | $91.6M | 0.45% | +147,934+11.9% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 1,339,123 | $89.3M | 0.39% | +693,164+107.3% | Added |
| RDST Capital LLC | 1,218,664 | $81.2M | 11.55% | +425,325+53.6% | Added |
| TD Waterhouse Canada Inc. | 1,207,582 | $80.3M | 0.66% | +57,822+5.0% | Added |
| Manufacturers Life Insurance Company, The | 1,176,795 | $78.7M | 0.07% | −1,412,113−54.5% | Reduced |
| Guardian Capital LP | 1,117,683 | $74.5M | 2.93% | −190,374−14.6% | Reduced |
| Toronto Dominion Bank | 1,069,238 | $71.3M | 0.18% | +135,030+14.5% | Added |
| Arrowstreet Capital, Limited Partnership | 1,062,061 | $70.8M | 0.06% | −86,789−7.6% | Reduced |
| Dimensional Fund Advisors LP | 1,045,394 | $69.6M | 0.02% | +70,526+7.2% | Added |
| Epoch Investment Partners, Inc. | 970,718 | $64.7M | 0.34% | −39,159−3.9% | Reduced |
| Aviso Financial Inc. | 953,186 | $63.6M | 3.13% | +11,164+1.2% | Added |
| Swiss National Bank | 875,330 | $58.4M | 0.04% | −17,300−1.9% | Reduced |
| Charles Schwab Investment Management Inc | 764,104 | $50.9M | 0.01% | +16,242+2.2% | Added |
| UBS Group AG | 759,636 | $50.6M | 0.01% | +251,776+49.6% | Added |
| UBS Asset Management Americas Inc | 711,953 | $47.4M | 0.01% | +472,827+197.7% | Added |
| Jane Street Group, LLC | 704,840 | $47.0M | 0.08% | +477,521+210.1% | Added |
| Intact Investment Management Inc. | 701,691 | $46.8M | 1.60% | +75,500+12.1% | Added |
| Cidel Asset Management Inc | 654,957 | $43.7M | 2.85% | +99,383+17.9% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 621,300 | $41.4M | 3.07% | −23,772−3.7% | Reduced |
| GW&K Investment Management, LLC | 610,713 | $40.7M | 0.38% | +76,253+14.3% | Added |
| Massachusetts Financial Services Co | 588,217 | $39.2M | 0.01% | −9,130−1.5% | Reduced |
| Raymond James Financial Inc | 563,747 | $37.6M | 0.01% | +268,511+90.9% | Added |
| Continental Grain Co | 559,178 | $37.3M | 10.74% | 00.0% | Unchanged |
| Millennium Management LLC | 516,333 | $34.4M | 0.03% | +469,778+1,009.1% | Added |
| MUFG Securities (Canada), Ltd. | 494,983 | $33.0M | 1.15% | +670+0.1% | Added |
| Addenda Capital Inc. | 329,889 | $32.0M | 1.18% | −35,913−9.8% | Reduced |
| Envestnet Asset Management Inc | 455,205 | $30.3M | 0.01% | −48,468−9.6% | Reduced |
| River Road Asset Management, LLC | 453,236 | $30.2M | 0.41% | +453,236 | New |
| Letko, Brosseau & Associates Inc | 451,905 | $30.1M | 0.64% | −6,825−1.5% | Reduced |
| Janus Henderson Group PLC | 443,690 | $28.6M | 0.02% | +16,775+3.9% | Added |
| Deutsche Bank AG | 417,652 | $27.8M | 0.01% | −237−0.1% | Reduced |
| MIC Capital Management UK LLP | 386,203 | $25.7M | 5.24% | 00.0% | Unchanged |
| Spears Abacus Advisors LLC | 357,655 | $23.8M | 0.51% | −4,956−1.4% | Reduced |
| Bank of New York Mellon Corp | 356,126 | $23.7M | 0.00% | −975,266−73.3% | Reduced |
| Baskin Financial Services Inc. | 342,199 | $22.8M | 1.85% | +9,605+2.9% | Added |
| Man Group plc | 339,216 | $22.6M | 0.07% | −167,806−33.1% | Reduced |
| Northern Trust Corp | 313,596 | $20.9M | 0.00% | +46,716+17.5% | Added |
| Capital International Sarl | 312,196 | $20.8M | 0.47% | +67,502+27.6% | Added |
| Soroban Capital Partners LP | 300,000 | $20.0M | 0.28% | 00.0% | Unchanged |
| HRT Financial LP | 291,508 | $19.4M | 0.12% | +291,508 | New |
| Bank of Nova Scotia Trust Co | 290,271 | $19.3M | 2.06% | +13,138+4.7% | Added |
| Great West Life Assurance Co | 293,394 | $19.3M | 0.03% | −732−0.2% | Reduced |
| Korea Investment CORP | 274,597 | $18.3M | 0.04% | +117,250+74.5% | Added |
| Kodai Capital Management LP | 255,563 | $17.0M | 0.67% | +255,563 | New |
| Lincluden Management Ltd | 255,340 | $17.0M | 2.16% | +13,627+5.6% | Added |
| Nuveen, LLC | 241,446 | $16.1M | 0.01% | +241,446 | New |
| JCP Investment Management, LLC | 239,883 | $16.0M | 9.89% | +70,000+41.2% | Added |
| BlackRock, Inc. | 235,744 | $15.7M | 0.00% | −9,690−3.9% | Reduced |
| Amundi | 229,846 | $15.6M | 0.01% | +20,328+9.7% | Added |
| Capital International Ltd | 224,115 | $14.9M | 0.65% | +37,404+20.0% | Added |
| Rockefeller Capital Management L.P. | 220,129 | $14.7M | 0.04% | −1,974−0.9% | Reduced |
| Dana Investment Advisors, Inc. | 213,469 | $14.2M | 0.51% | +40,210+23.2% | Added |
| Wells Fargo & Company | 210,159 | $14.0M | 0.00% | −53,481−20.3% | Reduced |
| British Columbia Investment Management Corp | 180,382 | $12.0M | 0.07% | −907,160−83.4% | Reduced |
| State of Tennessee, Treasury Department | 179,975 | $12.0M | 0.05% | −2,101−1.2% | Reduced |
| MUFG Securities EMEA plc | 119,999 | $11.5M | 0.30% | +119,999 | New |
| Capital International Inc | 170,869 | $11.4M | 0.14% | +33,515+24.4% | Added |
| Galibier Capital Management Ltd. | 161,810 | $10.8M | 3.36% | −125,723−43.7% | Reduced |
| Citigroup Inc | 160,202 | $10.7M | 0.01% | −61,709−27.8% | Reduced |
| Qube Research & Technologies Ltd | 155,520 | $10.4M | 0.02% | +93,781+151.9% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 152,349 | $10.2M | 0.03% | +6,856+4.7% | Added |
| Murchinson Ltd. | 146,832 | $9.78M | 1.71% | +146,832 | New |
| Partners Capital Investment Group, LLP | 145,787 | $9.72M | 0.16% | +69,557+91.2% | Added |