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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
Alta Capital Management LLC139,854$9.32M0.60%−326,110−70.0%Reduced
Davidson Kempner Capital Management LP127,755$8.51M0.12%+127,755New
Varma Mutual Pension Insurance Co122,929$8.19M0.07%−10,500−7.9%Reduced
Verition Fund Management LLC120,992$8.06M0.05%+5,859+5.1%Added
Simcoe Capital Management, LLC120,095$8.00M1.44%+120,095New
Iridian Asset Management LLC115,870$7.72M2.42%+7,887+7.3%Added
Pictet Asset Management Holding SA114,646$7.64M0.01%+1,411+1.2%Added
Mn Services Vermogensbeheer B.V.107,400$7.16M0.06%−8,400−7.3%Reduced
Primecap Management Co98,240$6.55M0.01%−10,060−9.3%Reduced
HSBC Holdings PLC97,088$6.47M0.00%−25,377−20.7%Reduced
Aviva PLC96,830$6.46M0.02%+11,618+13.6%Added
Northwest & Ethical Investments L.P.95,619$6.38M0.17%+12,908+15.6%Added
D1 Capital Partners L.P.SuperinvestorD1 Capital Partners92,833$6.19M0.09%−1,675,586−94.8%Reduced
Franklin Resources Inc90,785$6.05M0.00%+446+0.5%Added
Teachers Retirement System of the State of Kentucky86,700$5.78M0.05%+86,700New
Northwestern Mutual Wealth Management Co81,405$5.42M0.00%+11,676+16.7%Added
Capricorn Fund Managers Ltd81,219$5.41M2.89%+81,219New
Earnest Partners LLC80,517$5.37M0.03%−2,844−3.4%Reduced
Russell Investments Group, Ltd.80,506$5.32M0.01%−23,909−22.9%Reduced
Woodline Partners LP76,998$5.13M0.03%−139,842−64.5%Reduced
Interval Partners, LP75,859$5.06M0.18%+75,859New
BancorpSouth Bank74,781$4.98M0.36%+1,358+1.8%Added
Simplex Trading, LLC74,760$4.98M0.18%+7,513+11.2%Added
AIA Group Ltd72,921$4.86M0.12%+16,346+28.9%Added
Allspring Global Investments Holdings, LLC70,857$4.76M0.01%+25,292+55.5%Added
Consolidated Capital Management, LLC70,570$4.70M1.95%+70,570New
Forsta Ap-Fonden70,300$4.69M0.04%−49,700−41.4%Reduced
Neuberger Berman Group LLC69,882$4.66M0.00%−61,762−46.9%Reduced
Novare Capital Management LLC69,603$4.64M0.41%−7,974−10.3%Reduced
Toroso Investments, LLC67,708$4.51M0.04%−11,164−14.2%Reduced
Cullen/Frost Bankers, Inc.67,657$4.51M0.06%+67,639+375,772.2%Added
Lansforsakringar Fondforvaltning AB (publ)67,510$4.50M0.03%+1,082+1.6%Added
Louisbourg Investments Inc.66,669$4.45M1.21%−4,609−6.5%Reduced
Journey Advisory Group, LLC63,147$4.21M0.34%+63,147New
Marshall Wace, LLP61,358$4.09M0.01%−385,677−86.3%Reduced
Susquehanna International Group, LLP60,752$4.05M0.01%−8,054−11.7%Reduced
Creative Planning59,466$3.96M0.00%−1,705−2.8%Reduced
AXA S.A.58,074$3.87M0.01%−88−0.2%Reduced
Boothbay Fund Management, LLC55,054$3.67M0.13%+55,054New
American Century Companies Inc54,964$3.66M0.00%+11,606+26.8%Added
Public Employees Retirement System of Ohio53,711$3.58M0.01%−162−0.3%Reduced
LPL Financial LLC52,998$3.53M0.00%−22,132−29.5%Reduced
Natixis Advisors, L.P.51,591$3.44M0.01%−641−1.2%Reduced
Inkwell Capital LLC51,416$3.43M3.74%−285−0.6%Reduced
Schonfeld Strategic Advisors LLC50,918$3.39M0.02%+50,918New
Asset Management One Co.,Ltd.47,415$3.16M0.01%00.0%Unchanged
Wolverine Trading, LLC48,408$3.12M0.10%+13,361+38.1%Added
Barclays PLC46,667$3.11M0.00%−4,653−9.1%Reduced
Harvest Portfolios Group Inc.45,293$3.02M0.09%+665+1.5%Added
Skandinaviska Enskilda Banken AB (publ)44,864$2.99M0.01%+5,300+13.4%Added
Gateway Investment Advisers LLC44,216$2.95M0.03%+579+1.3%Added
Capital Group Investment Management Pte. Ltd.42,242$2.82M0.57%+2,560+6.5%Added
Founders Capital Management, LLC41,934$2.79M0.51%00.0%Unchanged
DekaBank Deutsche Girozentrale41,821$2.68M0.01%−523−1.2%Reduced
Cetera Investment Advisers39,911$2.66M0.01%+9,669+32.0%Added
Allianz Asset Management GmbH27,967$2.61M0.00%+7,383+35.9%Added
Stifel Financial Corp39,108$2.61M0.00%+21,572+123.0%Added
Walleye Trading LLC38,369$2.56M0.07%−92,178−70.6%Reduced
Quartz Partners, LLC37,042$2.47M1.50%+28,373+327.3%Added
Alliancebernstein L.P.36,078$2.40M0.00%−19,655−35.3%Reduced
Nichols & Pratt Advisers LLP35,868$2.39M0.16%+8,940+33.2%Added
Utah Retirement Systems35,801$2.39M0.03%00.0%Unchanged
Truist Financial Corp34,960$2.33M0.00%−5,474−13.5%Reduced
Ameriprise Financial Inc31,834$2.30M0.00%−35,150−52.5%Reduced
Quantinno Capital Management LP33,757$2.25M0.01%−5,917−14.9%Reduced
Macquarie Group Ltd23,238$2.23M0.00%+23,238New
Seascape Capital Management32,924$2.19M0.77%−621−1.9%Reduced
Gluskin Sheff & Assoc Inc31,623$2.11M0.27%−10,813−25.5%Reduced
State Street Corp31,296$2.10M0.00%00.0%Unchanged
Public Sector Pension Investment Board31,345$2.09M0.01%+300+1.0%Added
Arkadios Wealth Advisors30,461$2.03M0.08%+30,461New
Warren Averett Asset Management, LLC30,096$2.01M0.02%+24,490+436.9%Added
Commonwealth Equity Services, LLC29,602$1.97M0.00%+1,463+5.2%Added
Oppenheimer & Co Inc29,387$1.96M0.03%−3,160−9.7%Reduced
Tower Research Capital LLC (TRC)29,303$1.95M0.06%+25,297+631.5%Added
Avanza Fonder AB19,926$1.91M0.06%00.0%Unchanged
Assetmark, Inc28,411$1.89M0.01%+1,619+6.0%Added
USS Investment Management Ltd28,149$1.88M0.01%00.0%Unchanged
CIBC Private Wealth Group, LLC29,815$1.79M0.00%+2,194+7.9%Added
CI Private Wealth, LLC26,817$1.79M0.00%+6,342+31.0%Added
Savoir Faire Capital Management, L.P.26,535$1.77M1.55%−33,158−55.5%Reduced
Bennett Selby Investments LP26,015$1.73M0.69%+31+0.1%Added
Wealth Enhancement Advisory Services, LLC25,655$1.71M0.00%+1,010+4.1%Added
Gulf International Bank (UK) Ltd17,666$1.69M0.06%+17,048+2,758.6%Added
Cerity Partners LLC25,181$1.68M0.00%+10,586+72.5%Added
Holocene Advisors, LP25,053$1.67M0.00%+17,588+235.6%Added
Callahan Advisors, LLC25,030$1.67M0.16%00.0%Unchanged
M&T Bank Corp24,202$1.61M0.01%−906−3.6%Reduced
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
Moloney Securities Asset Management, LLC23,269$1.55M0.21%+692+3.1%Added
Bridgewater Associates, LP23,166$1.54M0.01%−37,341−61.7%Reduced
Royal Fund Management, LLC23,130$1.54M0.18%+2,000+9.5%Added
Squarepoint Ops LLC23,092$1.54M0.00%−172,743−88.2%Reduced
Lombard Odier Asset Management (Switzerland) SA11,041$1.52M0.09%−34−0.3%Reduced
Swiss Life Asset Management Ltd22,065$1.47M0.01%+3,531+19.1%Added
Aspire Private Capital, LLC21,789$1.45M0.36%+5,689+35.3%Added
Hutner Capital Management Inc21,660$1.44M0.62%−2,388−9.9%Reduced
Investment Management Corp of Ontario20,738$1.38M0.03%+8,100+64.1%Added
Fiduciary Trust Co20,689$1.38M0.02%+20,689New