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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, 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.

Institutional holdersQ1 2025: 459 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 heldQ1 2025: $18.6B
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, Q1 2025

Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q4 2024.

Institutions holding QSR in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Strategic Investment Advisors8,180$545.1K0.06%+1,438+21.3%Added
D.A. Davidson & Co.8,295$552.8K0.00%−118−1.4%Reduced
Wolverine Asset Management LLC8,407$560.2K0.01%+2,018+31.6%Added
UniSuper Management Pty Ltd5,900$566.0K0.00%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.8,599$573.0K0.00%−2,659−23.6%Reduced
Arrowpoint Investment Partners (Singapore) Pte. Ltd.8,755$583.4K0.27%+8,755New
Fox Run Management, L.L.C.8,833$588.6K0.09%+8,833New
Cullen Investment Group, Ltd.8,938$595.6K0.09%−908−9.2%Reduced
Principal Securities, Inc.9,149$596.3K0.01%+6+0.1%Added
Sumitomo Life Insurance Co9,173$611.3K0.02%+130+1.4%Added
Sumitomo Mitsui DS Asset Management Company, Ltd9,173$611.3K0.01%+130+1.4%Added
BKM Wealth Management, LLC9,392$625.9K0.26%+1,054+12.6%Added
United Services Automobile Association10,034$648.2K0.02%+10,034New
AE Wealth Management LLC9,860$657.0K0.01%+1,792+22.2%Added
JustInvest LLC10,091$672.5K0.01%+2,231+28.4%Added
Captrust Financial Advisors10,102$673.2K0.00%+1,389+15.9%Added
SIG North Trading, ULC10,199$679.7K0.14%−8,611−45.8%Reduced
Sanders Morris Harris LLC10,250$688.5K0.11%00.0%Unchanged
Kestra Advisory Services, LLC10,630$708.4K0.00%−317−2.9%Reduced
Resources Investment Advisors, LLC.10,818$720.9K0.01%+10,818New
O'Shaughnessy Asset Management, LLC10,880$725.0K0.01%−44,571−80.4%Reduced
Generali Asset Management SPA SGR7,685$737.2K0.02%−1,307−14.5%Reduced
NBC Securities, Inc.11,484$765.0K0.07%+11,475+127,500.0%Added
Gotham Asset Management, LLC11,528$768.2K0.01%+11,528New
Kendall Capital Management11,620$774.4K0.23%−385−3.2%Reduced
GWN Securities Inc.11,399$775.4K0.04%+11,399New
Mercer Global Advisors Inc11,640$775.7K0.00%+542+4.9%Added
Metis Global Partners, LLC11,913$794.1K0.02%−1,028−7.9%Reduced
TownSquare Capital, LLC12,089$805.6K0.01%−13,333−52.4%Reduced
Bayesian Capital Management, LP12,600$839.7K0.14%+12,600New
Engineers Gate Manager LP12,896$859.4K0.01%+7,818+154.0%Added
Quadrant Capital Group LLC12,938$862.4K0.03%+11,352+715.8%Added
Aspiriant, LLC13,085$872.0K0.03%+40.0%Added
ASR Vermogensbeheer N.V.13,364$890.7K0.01%+13,364New
Advisor Group Holdings, Inc.13,997$934.2K0.00%−767−5.2%Reduced
Waterfront Wealth Inc.14,049$936.2K0.23%+15+0.1%Added
The PNC Financial Services Group, Inc.14,281$951.7K0.00%−535−3.6%Reduced
Wiley Bros.-Aintree Capital, LLC14,355$955.7K0.01%+8,535+146.6%Added
Pathstone Holdings, LLC14,382$958.4K0.00%+5,677+65.2%Added
Capital Fund Management S.A.14,453$963.1K0.01%−6,500−31.0%Reduced
Leonteq Securities AG14,653$976.6K0.07%−3,734−20.3%Reduced
Banco Santander, S.A.15,308$1.02M0.01%+3,700+31.9%Added
Redwood Investment Management, LLC15,794$1.05M0.11%−20,702−56.7%Reduced
Royal London Asset Management Ltd16,189$1.08M0.00%+16,189New
Braun Stacey Associates Inc16,250$1.08M0.04%00.0%Unchanged
Dock Street Asset Management Inc16,332$1.09M0.13%+16,332New
Boston Partners19,872$1.09M0.00%−31,146−61.0%Reduced
Fiduciary Family Office, LLC16,668$1.11M0.37%+16,668New
Ossiam16,887$1.13M0.02%−870−4.9%Reduced
Alerus Financial NA17,599$1.17M0.09%−78,702−81.7%Reduced
Crossmark Global Holdings, Inc.17,706$1.18M0.02%−27−0.2%Reduced
SEI Investments Co18,173$1.21M0.00%−124−0.7%Reduced
First Manhattan Co18,919$1.27M0.00%+403+2.2%Added
Hudson Portfolio Management LLC19,142$1.28M1.22%−100−0.5%Reduced
Wellington Management Group LLP19,185$1.28M0.00%+2,250+13.3%Added
Mariner, LLC19,700$1.31M0.00%+3,158+19.1%Added
Campbell & CO Investment Adviser LLC19,818$1.32M0.10%+19,818New
HighVista Strategies LLC20,300$1.35M0.52%+20,300New
Lee Financial Co20,319$1.36M0.21%+617+3.1%Added
Fiduciary Trust Co20,689$1.38M0.02%+20,689New
Investment Management Corp of Ontario20,738$1.38M0.03%+8,100+64.1%Added
Hutner Capital Management Inc21,660$1.44M0.62%−2,388−9.9%Reduced
Aspire Private Capital, LLC21,789$1.45M0.36%+5,689+35.3%Added
Swiss Life Asset Management Ltd22,065$1.47M0.01%+3,531+19.1%Added
Lombard Odier Asset Management (Switzerland) SA11,041$1.52M0.09%−34−0.3%Reduced
Squarepoint Ops LLC23,092$1.54M0.00%−172,743−88.2%Reduced
Royal Fund Management, LLC23,130$1.54M0.18%+2,000+9.5%Added
Bridgewater Associates, LP23,166$1.54M0.01%−37,341−61.7%Reduced
Moloney Securities Asset Management, LLC23,269$1.55M0.21%+692+3.1%Added
Brinker Capital Investments, LLC23,502$1.57M0.02%+5,097+27.7%Added
Orion Portfolio Solutions, LLC23,502$1.57M0.02%+5,097+27.7%Added
M&T Bank Corp24,202$1.61M0.01%−906−3.6%Reduced
Callahan Advisors, LLC25,030$1.67M0.16%00.0%Unchanged
Holocene Advisors, LP25,053$1.67M0.00%+17,588+235.6%Added
Cerity Partners LLC25,181$1.68M0.00%+10,586+72.5%Added
Gulf International Bank (UK) Ltd17,666$1.69M0.06%+17,048+2,758.6%Added
Wealth Enhancement Advisory Services, LLC25,655$1.71M0.00%+1,010+4.1%Added
Bennett Selby Investments LP26,015$1.73M0.69%+31+0.1%Added
Savoir Faire Capital Management, L.P.26,535$1.77M1.55%−33,158−55.5%Reduced
CI Private Wealth, LLC26,817$1.79M0.00%+6,342+31.0%Added
CIBC Private Wealth Group, LLC29,815$1.79M0.00%+2,194+7.9%Added
USS Investment Management Ltd28,149$1.88M0.01%00.0%Unchanged
Assetmark, Inc28,411$1.89M0.01%+1,619+6.0%Added
Avanza Fonder AB19,926$1.91M0.06%00.0%Unchanged
Tower Research Capital LLC (TRC)29,303$1.95M0.06%+25,297+631.5%Added
Oppenheimer & Co Inc29,387$1.96M0.03%−3,160−9.7%Reduced
Commonwealth Equity Services, LLC29,602$1.97M0.00%+1,463+5.2%Added
Warren Averett Asset Management, LLC30,096$2.01M0.02%+24,490+436.9%Added
Arkadios Wealth Advisors30,461$2.03M0.08%+30,461New
Public Sector Pension Investment Board31,345$2.09M0.01%+300+1.0%Added
State Street Corp31,296$2.10M0.00%00.0%Unchanged
Gluskin Sheff & Assoc Inc31,623$2.11M0.27%−10,813−25.5%Reduced
Seascape Capital Management32,924$2.19M0.77%−621−1.9%Reduced
Macquarie Group Ltd23,238$2.23M0.00%+23,238New
Quantinno Capital Management LP33,757$2.25M0.01%−5,917−14.9%Reduced
Ameriprise Financial Inc31,834$2.30M0.00%−35,150−52.5%Reduced
Truist Financial Corp34,960$2.33M0.00%−5,474−13.5%Reduced
Utah Retirement Systems35,801$2.39M0.03%00.0%Unchanged
Nichols & Pratt Advisers LLP35,868$2.39M0.16%+8,940+33.2%Added
Alliancebernstein L.P.36,078$2.40M0.00%−19,655−35.3%Reduced