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 2025
Institutional positions in Restaurant Brands International Inc. as of Jun 30, 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
- 455
- +2 vs. Q1 2025
- Shares held
- 285.0M
- +6.88M (+2.5%) vs. Q1 2025
- Total value
- $18.9B
- +$358.6M (+1.9%) vs. Q1 2025
- New holders
- 65
- 167 more added
- Sold out
- 63
- 148 more reduced
6 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: 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, Q2 2025
Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 43,010,053 | $2.85B | 0.41% | +424,465+1.0% | Added |
| Pershing Square Capital Management, L.P. | 23,000,914 | $1.52B | 11.11% | 00.0% | Unchanged |
| Royal Bank of Canada | 21,107,913 | $1.40B | 0.27% | −1,518,722−6.7% | Reduced |
| Vanguard Group Inc | 15,303,726 | $1.02B | 0.02% | +1,134,665+8.0% | Added |
| EdgePoint Investment Group Inc. | 12,919,854 | $857.6M | 6.49% | −795,750−5.8% | Reduced |
| Bank of Montreal | 11,321,433 | $751.5M | 0.38% | −46,207−0.4% | Reduced |
| Goldman Sachs Group Inc | 9,904,392 | $656.6M | 0.11% | +1,795,865+22.1% | Added |
| FMR LLC | 9,095,773 | $603.3M | 0.03% | +1,013,743+12.5% | Added |
| BlackRock, Inc. | 7,117,775 | $471.8M | 0.01% | +6,882,031+2,919.3% | Added |
| 1832 Asset Management L.P. | 6,840,030 | $453.4M | 0.79% | −119,727−1.7% | Reduced |
| FIL Ltd | 5,746,631 | $381.2M | 0.33% | +380,073+7.1% | Added |
| Beutel, Goodman & Co Ltd. | 5,624,674 | $372.4M | 2.12% | −173,893−3.0% | Reduced |
| TD Asset Management Inc | 5,486,897 | $363.2M | 0.31% | +855,436+18.5% | Added |
| Geode Capital Management, LLC | 4,296,050 | $286.2M | 0.02% | +2,277,694+112.8% | Added |
| Fiera Capital Corp | 4,221,623 | $279.9M | 0.95% | +2,147+0.1% | Added |
| Morgan Stanley | 4,115,907 | $272.8M | 0.02% | +2,131,963+107.5% | Added |
| Baupost Group LLCSuperinvestorBaupost Group | 4,049,562 | $268.4M | 6.50% | +163,000+4.2% | Added |
| Norges Bank | 3,842,462 | $254.9M | 0.03% | −349,389−8.3% | Reduced |
| National Bank of Canada | 3,576,889 | $236.5M | 0.26% | −395,092−9.9% | Reduced |
| Davis Selected Advisers | 3,419,715 | $226.7M | 1.21% | +47,204+1.4% | Added |
| Jarislowsky, Fraser Ltd | 3,411,337 | $225.8M | 1.29% | −2,813,702−45.2% | Reduced |
| Invesco Ltd. | 3,291,340 | $218.2M | 0.04% | +646,583+24.4% | Added |
| Meritage Group LP | 3,280,877 | $217.5M | 5.96% | −20,812−0.6% | Reduced |
| State Street Corp | 2,997,344 | $198.7M | 0.01% | +2,966,048+9,477.4% | Added |
| Canada Pension Plan Investment Board | 2,855,081 | $189.5M | 0.16% | +1,029,500+56.4% | Added |
| CIBC World Markets Inc. | 2,708,154 | $179.5M | 0.40% | −917,820−25.3% | Reduced |
| Capital Research Global Investors | 2,591,542 | $171.8M | 0.03% | −3,009,488−53.7% | Reduced |
| Canoe Financial LP | 2,539,975 | $168.6M | 2.40% | +232,624+10.1% | Added |
| Bank of America Corp | 2,339,967 | $155.1M | 0.01% | +826,642+54.6% | Added |
| CIBC Asset Management Inc | 2,287,372 | $152.3M | 0.48% | −861,696−27.4% | Reduced |
| Mackenzie Financial Corp | 1,926,427 | $127.9M | 0.17% | −2,986,380−60.8% | Reduced |
| Burgundy Asset Management Ltd. | 1,586,110 | $105.0M | 1.02% | −6,392−0.4% | Reduced |
| JPMorgan Chase & Co | 1,530,765 | $101.5M | 0.01% | +38,961+2.6% | Added |
| Legal & General Group Plc | 1,509,601 | $99.9M | 0.02% | −19,998−1.3% | Reduced |
| Scotia Capital Inc. | 1,498,889 | $99.1M | 0.47% | +17,817+1.2% | Added |
| Bank of Nova Scotia | 1,302,022 | $86.3M | 0.18% | −366,726−22.0% | Reduced |
| TD Waterhouse Canada Inc. | 1,219,838 | $82.7M | 0.59% | +12,256+1.0% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 1,224,721 | $81.3M | 0.29% | −114,402−8.5% | Reduced |
| Toronto Dominion Bank | 1,151,580 | $76.4M | 0.16% | +82,342+7.7% | Added |
| Guardian Capital LP | 1,146,048 | $75.9M | 2.68% | +28,365+2.5% | Added |
| UBS Asset Management Americas Inc | 1,123,651 | $74.5M | 0.02% | +411,698+57.8% | Added |
| Dimensional Fund Advisors LP | 1,098,563 | $72.8M | 0.02% | +53,169+5.1% | Added |
| Alberta Investment Management Corp | 1,070,500 | $71.0M | 0.56% | −311,330−22.5% | Reduced |
| RDST Capital LLC | 968,064 | $64.2M | 6.41% | −250,600−20.6% | Reduced |
| Aviso Financial Inc. | 958,434 | $63.6M | 2.87% | +5,248+0.6% | Added |
| Woodline Partners LP | 948,519 | $62.9M | 0.33% | +871,521+1,131.9% | Added |
| Swiss National Bank | 945,730 | $62.5M | 0.04% | +70,400+8.0% | Added |
| Epoch Investment Partners, Inc. | 927,432 | $61.5M | 0.32% | −43,286−4.5% | Reduced |
| Northern Trust Corp | 911,416 | $60.4M | 0.01% | +597,820+190.6% | Added |
| Charles Schwab Investment Management Inc | 908,004 | $60.1M | 0.01% | +143,900+18.8% | Added |
| River Road Asset Management, LLC | 863,170 | $58.6M | 0.74% | +409,934+90.4% | Added |
| Corvex Management LP | 873,183 | $57.9M | 2.45% | +873,183 | New |
| Bank of New York Mellon Corp | 841,292 | $55.8M | 0.01% | +485,166+136.2% | Added |
| Manufacturers Life Insurance Company, The | 827,060 | $54.6M | 0.05% | −349,735−29.7% | Reduced |
| Millennium Management LLC | 818,947 | $54.3M | 0.05% | +302,614+58.6% | Added |
| Duquesne Family Office LLCSuperinvestorDuquesne Family Office | 751,010 | $49.8M | 1.27% | +751,010 | New |
| Nuveen, LLC | 699,464 | $46.3M | 0.01% | +458,018+189.7% | Added |
| Intact Investment Management Inc. | 686,591 | $45.5M | 1.54% | −15,100−2.2% | Reduced |
| Cidel Asset Management Inc | 669,683 | $44.3M | 2.66% | +14,726+2.2% | Added |
| Federation des caisses Desjardins du Quebec | 648,145 | $42.9M | 0.19% | −746,566−53.5% | Reduced |
| Man Group plc | 621,252 | $41.2M | 0.09% | +282,036+83.1% | Added |
| GW&K Investment Management, LLC | 599,280 | $39.7M | 0.36% | −11,433−1.9% | Reduced |
| Raymond James Financial Inc | 578,345 | $38.3M | 0.01% | +14,598+2.6% | Added |
| Continental Grain Co | 559,178 | $37.4M | 10.43% | 00.0% | Unchanged |
| MUFG Securities (Canada), Ltd. | 555,421 | $36.8M | 1.12% | +60,438+12.2% | Added |
| Arrowstreet Capital, Limited Partnership | 489,232 | $32.5M | 0.02% | −572,829−53.9% | Reduced |
| Envestnet Asset Management Inc | 485,946 | $32.2M | 0.01% | +30,741+6.8% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 475,142 | $31.5M | 2.04% | −146,158−23.5% | Reduced |
| Letko, Brosseau & Associates Inc | 472,917 | $31.3M | 0.60% | +21,012+4.6% | Added |
| UBS Group AG | 463,150 | $30.7M | 0.01% | −296,486−39.0% | Reduced |
| Lincluden Management Ltd | 462,958 | $30.7M | 3.39% | +207,618+81.3% | Added |
| Deutsche Bank AG | 451,937 | $30.0M | 0.01% | +34,285+8.2% | Added |
| Janus Henderson Group PLC | 451,763 | $29.9M | 0.01% | +8,073+1.8% | Added |
| Addenda Capital Inc. | 324,331 | $29.6M | 1.06% | −5,558−1.7% | Reduced |
| MIC Capital Management UK LLP | 386,203 | $25.6M | 5.03% | 00.0% | Unchanged |
| Spears Abacus Advisors LLC | 351,554 | $23.3M | 0.47% | −6,101−1.7% | Reduced |
| Amundi | 341,198 | $23.3M | 0.01% | +111,352+48.4% | Added |
| Baskin Financial Services Inc. | 346,623 | $23.0M | 1.74% | +4,424+1.3% | Added |
| Capital International Sarl | 330,643 | $21.9M | 0.42% | +18,447+5.9% | Added |
| Rhumbline Advisers | 315,256 | $20.9M | 0.02% | +309,589+5,463.0% | Added |
| Soroban Capital Partners LP | 300,000 | $19.9M | 0.19% | 00.0% | Unchanged |
| Bank of Nova Scotia Trust Co | 290,751 | $19.3M | 1.90% | +480+0.2% | Added |
| JCP Investment Management, LLC | 290,438 | $19.3M | 11.11% | +50,555+21.1% | Added |
| Picton Mahoney Asset Management | 289,511 | $19.1M | 0.27% | +289,511 | New |
| Wells Fargo & Company | 286,754 | $19.0M | 0.00% | +76,595+36.4% | Added |
| Aviva PLC | 233,337 | $15.5M | 0.03% | +136,507+141.0% | Added |
| Capital International Ltd | 232,717 | $15.4M | 0.59% | +8,602+3.8% | Added |
| Balyasny Asset Management LLC | 229,055 | $15.2M | 0.03% | +229,055 | New |
| Korea Investment CORP | 226,243 | $15.0M | 0.03% | −48,354−17.6% | Reduced |
| Hudson Bay Capital Management LP | 221,102 | $14.7M | 0.10% | +221,102 | New |
| Rockefeller Capital Management L.P. | 219,299 | $14.5M | 0.03% | −830−0.4% | Reduced |
| Twinbeech Capital LP | 218,225 | $14.5M | 0.33% | +218,225 | New |
| Great West Life Assurance Co | 215,657 | $14.3M | 0.02% | −77,737−26.5% | Reduced |
| Galibier Capital Management Ltd. | 209,015 | $13.8M | 4.16% | +47,205+29.2% | Added |
| Dana Investment Advisors, Inc. | 199,091 | $13.2M | 0.44% | −14,378−6.7% | Reduced |
| Capital International Inc | 190,419 | $12.6M | 0.12% | +19,550+11.4% | Added |
| State of Tennessee, Treasury Department | 179,975 | $11.9M | 0.04% | 00.0% | Unchanged |
| British Columbia Investment Management Corp | 177,506 | $11.8M | 0.07% | −2,876−1.6% | Reduced |
| First Manhattan Co | 174,441 | $11.6M | 0.03% | +155,522+822.0% | Added |
| Barclays PLC | 162,233 | $10.8M | 0.00% | +115,566+247.6% | Added |