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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, 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.

Institutional holdersQ2 2025: 455 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 heldQ2 2025: $18.9B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q1 2025.

Institutions holding QSR in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Skandinaviska Enskilda Banken AB (publ)44,864$2.97M0.01%00.0%Unchanged
Qube Research & Technologies Ltd45,339$3.01M0.00%−110,181−70.8%Reduced
Iridian Asset Management LLC46,615$3.09M1.07%−69,255−59.8%Reduced
Harvest Portfolios Group Inc.48,906$3.24M0.08%+3,613+8.0%Added
Police & Firemen's Retirement System of New Jersey49,156$3.26M0.03%+49,156New
Inkwell Capital LLC50,838$3.37M3.61%−578−1.1%Reduced
Cary Street Partners Financial LLC51,046$3.38M0.09%+51,046New
Natixis Advisors, L.P.51,634$3.42M0.01%+43+0.1%Added
SEI Investments Co52,335$3.47M0.00%+34,162+188.0%Added
Toroso Investments, LLC52,443$3.48M0.02%−15,265−22.5%Reduced
Utah Retirement Systems52,904$3.50M0.04%+17,103+47.8%Added
Russell Investments Group, Ltd.56,634$3.74M0.00%−23,872−29.7%Reduced
Creative Planning56,879$3.77M0.00%−2,587−4.4%Reduced
Asset Management One Co.,Ltd.57,318$3.80M0.01%+9,903+20.9%Added
LPL Financial LLC58,965$3.91M0.00%+5,967+11.3%Added
Qsemble Capital Management, LP59,648$3.95M0.38%+59,648New
Neuberger Berman Group LLC60,058$3.98M0.00%−9,824−14.1%Reduced
Lansforsakringar Fondforvaltning AB (publ)61,067$4.04M0.02%−6,443−9.5%Reduced
State Board of Administration of Florida Retirement System61,073$4.05M0.01%+61,073New
Journey Advisory Group, LLC61,913$4.10M0.32%−1,234−2.0%Reduced
Partners Capital Investment Group, LLP63,878$4.23M0.17%−81,909−56.2%Reduced
Forsta Ap-Fonden67,900$4.49M0.03%−2,400−3.4%Reduced
Primecap Management Co68,240$4.52M0.00%−30,000−30.5%Reduced
Nebula Research & Development LLC69,833$4.63M0.39%+69,833New
Engineers Gate Manager LP72,880$4.83M0.06%+59,984+465.1%Added
Consolidated Capital Management, LLC73,162$4.85M1.75%+2,592+3.7%Added
Louisbourg Investments Inc.74,109$4.91M1.16%+7,440+11.2%Added
Capricorn Fund Managers Ltd74,587$4.94M2.34%−6,632−8.2%Reduced
Earnest Partners LLC74,778$4.96M0.02%−5,739−7.1%Reduced
American Century Companies Inc75,670$5.02M0.00%+20,706+37.7%Added
Allspring Global Investments Holdings, LLC78,845$5.36M0.01%+7,988+11.3%Added
Massachusetts Financial Services Co81,494$5.40M0.00%−506,723−86.1%Reduced
Teachers Retirement System of the State of Kentucky86,700$5.75M0.05%00.0%Unchanged
AIA Group Ltd88,015$5.83M0.13%+15,094+20.7%Added
Northwestern Mutual Wealth Management Co88,487$5.87M0.00%+7,082+8.7%Added
Franklin Resources Inc94,141$6.25M0.00%+3,356+3.7%Added
Northwest & Ethical Investments L.P.102,105$6.76M0.17%+6,486+6.8%Added
Voya Investment Management LLC102,712$6.80M0.01%+102,712New
BancorpSouth Bank111,601$7.40M0.49%+36,820+49.2%Added
HSBC Holdings PLC111,847$7.42M0.00%+14,759+15.2%Added
Jane Street Group, LLC112,089$7.44M0.01%−592,751−84.1%Reduced
Citigroup Inc112,418$7.44M0.01%−47,784−29.8%Reduced
Mn Services Vermogensbeheer B.V.116,300$7.70M0.05%+8,900+8.3%Added
Pictet Asset Management Holding SA118,719$7.86M0.01%+4,073+3.6%Added
Public Employees Retirement System of Ohio120,184$7.97M0.03%+66,473+123.8%Added
Armistice Capital, LLC124,391$8.25M0.31%+124,391New
Capula Management Ltd124,539$8.26M0.10%+124,539New
Cullen/Frost Bankers, Inc.128,943$8.55M0.11%+61,286+90.6%Added
New York State Common Retirement Fund129,500$8.58M0.01%+129,500New
Price T Rowe Associates Inc132,202$8.76M0.00%+132,202New
Alliancebernstein L.P.137,794$9.13M0.00%+101,716+281.9%Added
Zurcher Kantonalbank (Zurich Cantonalbank)139,845$9.26M0.02%−12,504−8.2%Reduced
Alta Capital Management LLC147,519$9.78M0.56%+7,665+5.5%Added
Treasurer of the State of North Carolina151,140$10.0M0.03%+151,140New
Verition Fund Management LLC156,800$10.4M0.06%+35,808+29.6%Added
Barclays PLC162,233$10.8M0.00%+115,566+247.6%Added
First Manhattan Co174,441$11.6M0.03%+155,522+822.0%Added
British Columbia Investment Management Corp177,506$11.8M0.07%−2,876−1.6%Reduced
State of Tennessee, Treasury Department179,975$11.9M0.04%00.0%Unchanged
Capital International Inc190,419$12.6M0.12%+19,550+11.4%Added
Dana Investment Advisors, Inc.199,091$13.2M0.44%−14,378−6.7%Reduced
Galibier Capital Management Ltd.209,015$13.8M4.16%+47,205+29.2%Added
Great West Life Assurance Co215,657$14.3M0.02%−77,737−26.5%Reduced
Twinbeech Capital LP218,225$14.5M0.33%+218,225New
Rockefeller Capital Management L.P.219,299$14.5M0.03%−830−0.4%Reduced
Hudson Bay Capital Management LP221,102$14.7M0.10%+221,102New
Korea Investment CORP226,243$15.0M0.03%−48,354−17.6%Reduced
Balyasny Asset Management LLC229,055$15.2M0.03%+229,055New
Capital International Ltd232,717$15.4M0.59%+8,602+3.8%Added
Aviva PLC233,337$15.5M0.03%+136,507+141.0%Added
Wells Fargo & Company286,754$19.0M0.00%+76,595+36.4%Added
Picton Mahoney Asset Management289,511$19.1M0.27%+289,511New
JCP Investment Management, LLC290,438$19.3M11.11%+50,555+21.1%Added
Bank of Nova Scotia Trust Co290,751$19.3M1.90%+480+0.2%Added
Soroban Capital Partners LP300,000$19.9M0.19%00.0%Unchanged
Rhumbline Advisers315,256$20.9M0.02%+309,589+5,463.0%Added
Capital International Sarl330,643$21.9M0.42%+18,447+5.9%Added
Baskin Financial Services Inc.346,623$23.0M1.74%+4,424+1.3%Added
Amundi341,198$23.3M0.01%+111,352+48.4%Added
Spears Abacus Advisors LLC351,554$23.3M0.47%−6,101−1.7%Reduced
MIC Capital Management UK LLP386,203$25.6M5.03%00.0%Unchanged
Addenda Capital Inc.324,331$29.6M1.06%−5,558−1.7%Reduced
Janus Henderson Group PLC451,763$29.9M0.01%+8,073+1.8%Added
Deutsche Bank AG451,937$30.0M0.01%+34,285+8.2%Added
Lincluden Management Ltd462,958$30.7M3.39%+207,618+81.3%Added
UBS Group AG463,150$30.7M0.01%−296,486−39.0%Reduced
Letko, Brosseau & Associates Inc472,917$31.3M0.60%+21,012+4.6%Added
Scheer, Rowlett & Associates Investment Management Ltd.475,142$31.5M2.04%−146,158−23.5%Reduced
Envestnet Asset Management Inc485,946$32.2M0.01%+30,741+6.8%Added
Arrowstreet Capital, Limited Partnership489,232$32.5M0.02%−572,829−53.9%Reduced
MUFG Securities (Canada), Ltd.555,421$36.8M1.12%+60,438+12.2%Added
Continental Grain Co559,178$37.4M10.43%00.0%Unchanged
Raymond James Financial Inc578,345$38.3M0.01%+14,598+2.6%Added
GW&K Investment Management, LLC599,280$39.7M0.36%−11,433−1.9%Reduced
Man Group plc621,252$41.2M0.09%+282,036+83.1%Added
Federation des caisses Desjardins du Quebec648,145$42.9M0.19%−746,566−53.5%Reduced
Cidel Asset Management Inc669,683$44.3M2.66%+14,726+2.2%Added
Intact Investment Management Inc.686,591$45.5M1.54%−15,100−2.2%Reduced
Nuveen, LLC699,464$46.3M0.01%+458,018+189.7%Added
Duquesne Family Office LLCSuperinvestorDuquesne Family Office751,010$49.8M1.27%+751,010New