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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
Quartz Partners, LLC37,042$2.47M1.50%+28,373+327.3%Added
Walleye Trading LLC38,369$2.56M0.07%−92,178−70.6%Reduced
Stifel Financial Corp39,108$2.61M0.00%+21,572+123.0%Added
Allianz Asset Management GmbH27,967$2.61M0.00%+7,383+35.9%Added
Cetera Investment Advisers39,911$2.66M0.01%+9,669+32.0%Added
DekaBank Deutsche Girozentrale41,821$2.68M0.01%−523−1.2%Reduced
Founders Capital Management, LLC41,934$2.79M0.51%00.0%Unchanged
Capital Group Investment Management Pte. Ltd.42,242$2.82M0.57%+2,560+6.5%Added
Gateway Investment Advisers LLC44,216$2.95M0.03%+579+1.3%Added
Skandinaviska Enskilda Banken AB (publ)44,864$2.99M0.01%+5,300+13.4%Added
Harvest Portfolios Group Inc.45,293$3.02M0.09%+665+1.5%Added
Barclays PLC46,667$3.11M0.00%−4,653−9.1%Reduced
Wolverine Trading, LLC48,408$3.12M0.10%+13,361+38.1%Added
Asset Management One Co.,Ltd.47,415$3.16M0.01%00.0%Unchanged
Schonfeld Strategic Advisors LLC50,918$3.39M0.02%+50,918New
Inkwell Capital LLC51,416$3.43M3.74%−285−0.6%Reduced
Natixis Advisors, L.P.51,591$3.44M0.01%−641−1.2%Reduced
LPL Financial LLC52,998$3.53M0.00%−22,132−29.5%Reduced
Public Employees Retirement System of Ohio53,711$3.58M0.01%−162−0.3%Reduced
American Century Companies Inc54,964$3.66M0.00%+11,606+26.8%Added
Boothbay Fund Management, LLC55,054$3.67M0.13%+55,054New
AXA S.A.58,074$3.87M0.01%−88−0.2%Reduced
Creative Planning59,466$3.96M0.00%−1,705−2.8%Reduced
Susquehanna International Group, LLP60,752$4.05M0.01%−8,054−11.7%Reduced
Marshall Wace, LLP61,358$4.09M0.01%−385,677−86.3%Reduced
Journey Advisory Group, LLC63,147$4.21M0.34%+63,147New
Louisbourg Investments Inc.66,669$4.45M1.21%−4,609−6.5%Reduced
Lansforsakringar Fondforvaltning AB (publ)67,510$4.50M0.03%+1,082+1.6%Added
Cullen/Frost Bankers, Inc.67,657$4.51M0.06%+67,639+375,772.2%Added
Toroso Investments, LLC67,708$4.51M0.04%−11,164−14.2%Reduced
Novare Capital Management LLC69,603$4.64M0.41%−7,974−10.3%Reduced
Neuberger Berman Group LLC69,882$4.66M0.00%−61,762−46.9%Reduced
Forsta Ap-Fonden70,300$4.69M0.04%−49,700−41.4%Reduced
Consolidated Capital Management, LLC70,570$4.70M1.95%+70,570New
Allspring Global Investments Holdings, LLC70,857$4.76M0.01%+25,292+55.5%Added
AIA Group Ltd72,921$4.86M0.12%+16,346+28.9%Added
Simplex Trading, LLC74,760$4.98M0.18%+7,513+11.2%Added
BancorpSouth Bank74,781$4.98M0.36%+1,358+1.8%Added
Interval Partners, LP75,859$5.06M0.18%+75,859New
Woodline Partners LP76,998$5.13M0.03%−139,842−64.5%Reduced
Russell Investments Group, Ltd.80,506$5.32M0.01%−23,909−22.9%Reduced
Earnest Partners LLC80,517$5.37M0.03%−2,844−3.4%Reduced
Capricorn Fund Managers Ltd81,219$5.41M2.89%+81,219New
Northwestern Mutual Wealth Management Co81,405$5.42M0.00%+11,676+16.7%Added
Teachers Retirement System of the State of Kentucky86,700$5.78M0.05%+86,700New
Franklin Resources Inc90,785$6.05M0.00%+446+0.5%Added
D1 Capital Partners L.P.SuperinvestorD1 Capital Partners92,833$6.19M0.09%−1,675,586−94.8%Reduced
Northwest & Ethical Investments L.P.95,619$6.38M0.17%+12,908+15.6%Added
Aviva PLC96,830$6.46M0.02%+11,618+13.6%Added
HSBC Holdings PLC97,088$6.47M0.00%−25,377−20.7%Reduced
Primecap Management Co98,240$6.55M0.01%−10,060−9.3%Reduced
Mn Services Vermogensbeheer B.V.107,400$7.16M0.06%−8,400−7.3%Reduced
Pictet Asset Management Holding SA114,646$7.64M0.01%+1,411+1.2%Added
Iridian Asset Management LLC115,870$7.72M2.42%+7,887+7.3%Added
Simcoe Capital Management, LLC120,095$8.00M1.44%+120,095New
Verition Fund Management LLC120,992$8.06M0.05%+5,859+5.1%Added
Varma Mutual Pension Insurance Co122,929$8.19M0.07%−10,500−7.9%Reduced
Davidson Kempner Capital Management LP127,755$8.51M0.12%+127,755New
Alta Capital Management LLC139,854$9.32M0.60%−326,110−70.0%Reduced
Partners Capital Investment Group, LLP145,787$9.72M0.16%+69,557+91.2%Added
Murchinson Ltd.146,832$9.78M1.71%+146,832New
Zurcher Kantonalbank (Zurich Cantonalbank)152,349$10.2M0.03%+6,856+4.7%Added
Qube Research & Technologies Ltd155,520$10.4M0.02%+93,781+151.9%Added
Citigroup Inc160,202$10.7M0.01%−61,709−27.8%Reduced
Galibier Capital Management Ltd.161,810$10.8M3.36%−125,723−43.7%Reduced
Capital International Inc170,869$11.4M0.14%+33,515+24.4%Added
MUFG Securities EMEA plc119,999$11.5M0.30%+119,999New
State of Tennessee, Treasury Department179,975$12.0M0.05%−2,101−1.2%Reduced
British Columbia Investment Management Corp180,382$12.0M0.07%−907,160−83.4%Reduced
Wells Fargo & Company210,159$14.0M0.00%−53,481−20.3%Reduced
Dana Investment Advisors, Inc.213,469$14.2M0.51%+40,210+23.2%Added
Rockefeller Capital Management L.P.220,129$14.7M0.04%−1,974−0.9%Reduced
Capital International Ltd224,115$14.9M0.65%+37,404+20.0%Added
Amundi229,846$15.6M0.01%+20,328+9.7%Added
BlackRock, Inc.235,744$15.7M0.00%−9,690−3.9%Reduced
JCP Investment Management, LLC239,883$16.0M9.89%+70,000+41.2%Added
Nuveen, LLC241,446$16.1M0.01%+241,446New
Lincluden Management Ltd255,340$17.0M2.16%+13,627+5.6%Added
Kodai Capital Management LP255,563$17.0M0.67%+255,563New
Korea Investment CORP274,597$18.3M0.04%+117,250+74.5%Added
Great West Life Assurance Co293,394$19.3M0.03%−732−0.2%Reduced
Bank of Nova Scotia Trust Co290,271$19.3M2.06%+13,138+4.7%Added
HRT Financial LP291,508$19.4M0.12%+291,508New
Soroban Capital Partners LP300,000$20.0M0.28%00.0%Unchanged
Capital International Sarl312,196$20.8M0.47%+67,502+27.6%Added
Northern Trust Corp313,596$20.9M0.00%+46,716+17.5%Added
Man Group plc339,216$22.6M0.07%−167,806−33.1%Reduced
Baskin Financial Services Inc.342,199$22.8M1.85%+9,605+2.9%Added
Bank of New York Mellon Corp356,126$23.7M0.00%−975,266−73.3%Reduced
Spears Abacus Advisors LLC357,655$23.8M0.51%−4,956−1.4%Reduced
MIC Capital Management UK LLP386,203$25.7M5.24%00.0%Unchanged
Deutsche Bank AG417,652$27.8M0.01%−237−0.1%Reduced
Janus Henderson Group PLC443,690$28.6M0.02%+16,775+3.9%Added
Letko, Brosseau & Associates Inc451,905$30.1M0.64%−6,825−1.5%Reduced
River Road Asset Management, LLC453,236$30.2M0.41%+453,236New
Envestnet Asset Management Inc455,205$30.3M0.01%−48,468−9.6%Reduced
Addenda Capital Inc.329,889$32.0M1.18%−35,913−9.8%Reduced
MUFG Securities (Canada), Ltd.494,983$33.0M1.15%+670+0.1%Added
Millennium Management LLC516,333$34.4M0.03%+469,778+1,009.1%Added
Continental Grain Co559,178$37.3M10.74%00.0%Unchanged