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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
Amalgamated Bank22,072$1.46M0.01%+22,072New
Royal Fund Management, LLC21,930$1.45M0.16%−1,200−5.2%Reduced
Susquehanna International Group, LLP21,471$1.42M0.00%−39,281−64.7%Reduced
Mariner, LLC20,968$1.39M0.00%+1,268+6.4%Added
California State Teachers Retirement System20,409$1.35M0.00%+20,409New
Cerity Partners LLC20,186$1.34M0.00%−4,995−19.8%Reduced
Investment Management Corp of Ontario19,938$1.32M0.02%−800−3.9%Reduced
Advisor Group Holdings, Inc.19,701$1.31M0.00%+5,704+40.8%Added
BNP Paribas Arbitrage, SA19,496$1.29M0.00%+17,945+1,157.0%Added
Allianz Asset Management GmbH14,843$1.28M0.00%−13,124−46.9%Reduced
Fiduciary Trust Co19,055$1.26M0.02%−1,634−7.9%Reduced
Hudson Portfolio Management LLC19,042$1.26M1.18%−100−0.5%Reduced
Wolverine Trading, LLC18,847$1.23M0.03%−29,561−61.1%Reduced
Swiss Life Asset Management Ltd18,477$1.23M0.01%−3,588−16.3%Reduced
Blueshift Asset Management, LLC18,432$1.22M0.38%+18,432New
Capstone Investment Advisors, LLC17,890$1.19M0.01%+17,890New
Crossmark Global Holdings, Inc.17,717$1.17M0.02%+11+0.1%Added
Alerus Financial NA17,503$1.16M0.08%−96−0.5%Reduced
Westerkirk Capital Inc.16,590$1.10M0.14%+16,590New
Prudential Financial Inc16,310$1.09M0.00%+16,310New
Braun Stacey Associates Inc16,269$1.08M0.04%+19+0.1%Added
Royal London Asset Management Ltd16,189$1.07M0.00%00.0%Unchanged
Hutner Capital Management Inc15,954$1.06M0.48%−5,706−26.3%Reduced
Maryland State Retirement & Pension System15,725$1.04M0.02%+15,725New
Principal Financial Group Inc15,537$1.03M0.00%+15,537New
Resources Investment Advisors, LLC.15,054$997.9K0.01%+4,236+39.2%Added
Walleye Capital LLC14,959$991.6K0.01%+8,962+149.4%Added
Gotham Asset Management, LLC14,788$980.3K0.01%+3,260+28.3%Added
MetLife Investment Management14,778$979.6K0.01%+14,778New
Gulf International Bank (UK) Ltd14,686$974.0K0.03%−2,980−16.9%Reduced
CIBC Private Wealth Group, LLC14,310$948.6K0.00%−15,505−52.0%Reduced
111 Capital14,275$947.7K0.16%+14,275New
Gluskin Sheff & Assoc Inc14,189$941.0K0.11%−17,434−55.1%Reduced
The PNC Financial Services Group, Inc.14,159$938.6K0.00%−122−0.9%Reduced
Waterfront Wealth Inc.13,511$895.6K0.20%−538−3.8%Reduced
ASR Vermogensbeheer N.V.13,364$884.7K0.01%00.0%Unchanged
Metis Global Partners, LLC13,270$880.2K0.02%+1,357+11.4%Added
Aspiriant, LLC13,088$867.6K0.03%+30.0%Added
Bridgewater Associates, LP13,010$861.3K0.00%−10,156−43.8%Reduced
Maverick Capital LtdSuperinvestorMaverick Capital12,636$837.6K0.01%+12,636New
Leonteq Securities AG12,492$828.1K0.05%−2,161−14.7%Reduced
Campbell & CO Investment Adviser LLC12,280$814.0K0.05%−7,538−38.0%Reduced
NBC Securities, Inc.12,198$808.0K0.07%+714+6.2%Added
Banco Santander, S.A.11,787$781.4K0.01%−3,521−23.0%Reduced
Kendall Capital Management11,725$777.3K0.21%+105+0.9%Added
Quadrant Capital Group LLC11,281$748.0K0.03%−1,657−12.8%Reduced
Oxford Asset Management LLP11,263$746.6K0.25%+5,611+99.3%Added
Boston Partners21,542$744.6K0.00%+1,670+8.4%Added
Lombard Odier Asset Management (Switzerland) SA11,041$732.9K0.04%00.0%Unchanged
Generali Asset Management SPA SGR7,975$720.4K0.02%+290+3.8%Added
Wolverine Asset Management LLC10,833$718.1K0.01%+2,426+28.9%Added
O'Shaughnessy Asset Management, LLC10,459$693.3K0.00%−421−3.9%Reduced
JustInvest LLC10,330$684.8K0.01%+239+2.4%Added
Kestra Advisory Services, LLC10,128$671.4K0.00%−502−4.7%Reduced
Fiduciary Family Office, LLC9,726$644.7K0.21%−6,942−41.6%Reduced
HB Wealth Management, LLC9,657$640.2K0.01%+1,770+22.4%Added
AE Wealth Management LLC9,631$638.5K0.00%−229−2.3%Reduced
Redwood Investment Management, LLC9,500$630.0K0.07%−6,294−39.9%Reduced
Mercer Global Advisors Inc9,190$609.2K0.00%−2,450−21.0%Reduced
BKM Wealth Management, LLC9,164$607.5K0.24%−228−2.4%Reduced
Cambridge Investment Research Advisors, Inc.9,145$606.0K0.00%+546+6.3%Added
Cullen Investment Group, Ltd.8,948$593.2K0.08%+10+0.1%Added
Novare Capital Management LLC8,827$585.1K0.05%−60,776−87.3%Reduced
Prospera Financial Services Inc8,817$584.9K0.01%+2,849+47.7%Added
Sumitomo Life Insurance Co8,722$578.2K0.04%−451−4.9%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd8,722$578.2K0.01%−451−4.9%Reduced
Captrust Financial Advisors8,657$573.9K0.00%−1,445−14.3%Reduced
Ossiam8,530$564.7K0.01%−8,357−49.5%Reduced
D.A. Davidson & Co.8,296$550.0K0.00%+10.0%Added
Sterling Capital Management LLC8,121$538.3K0.01%+8,121New
Guardian Partners Inc.7,892$532.1K0.05%+1,102+16.2%Added
Intech Investment Management LLC8,001$529.7K0.00%−145−1.8%Reduced
New England Research & Management, Inc.7,949$527.0K0.25%−100−1.2%Reduced
Sequoia Financial Advisors, LLC7,797$516.9K0.00%+2,118+37.3%Added
Roundview Capital LLC7,754$514.0K0.03%−90−1.1%Reduced
Legacy Wealth Asset Management, LLC7,676$508.8K0.13%+133+1.8%Added
MML Investors Services, LLC7,594$503.0K0.00%−71−0.9%Reduced
Pathstone Holdings, LLC7,471$495.6K0.00%−6,911−48.1%Reduced
US Bancorp7,434$492.8K0.00%−611−7.6%Reduced
Yousif Capital Management, LLC7,197$477.1K0.01%+3,819+113.1%Added
Probity Advisors, Inc.7,147$473.8K0.08%+20.0%Added
UniSuper Management Pty Ltd5,200$469.7K0.00%−700−11.9%Reduced
Lebenthal Global Advisors, LLC6,986$463.1K0.09%−165−2.3%Reduced
Raleigh Capital Management Inc.6,937$459.9K0.19%+151+2.2%Added
Benjamin Edwards Inc6,647$440.7K0.01%+701+11.8%Added
Geneos Wealth Management Inc.6,621$438.9K0.01%+6,508+5,759.3%Added
Strategic Investment Advisors6,628$433.7K0.04%−1,552−19.0%Reduced
Exencial Wealth Advisors, LLC6,352$421.1K0.01%−716−10.1%Reduced
Knollwood Investment Advisory, LLC6,278$416.2K0.04%00.0%Unchanged
Signaturefd, LLC6,137$406.8K0.01%−1,691−21.6%Reduced
Principal Securities, Inc.6,054$401.3K0.01%−3,095−33.8%Reduced
Janney Montgomery Scott LLC5,949$394.0K0.00%+60+1.0%Added
Cumberland Partners Ltd5,700$377.3K0.03%+1,800+46.2%Added
TD Private Client Wealth LLC5,675$376.2K0.01%+96+1.7%Added
Beverly Hills Private Wealth, LLC5,572$369.4K0.07%−358−6.0%Reduced
Shelton Capital Management5,559$368.5K0.01%00.0%Unchanged
Cigna Investments Inc5,506$364.0K0.06%−5−0.1%Reduced
Atria Investments LLC5,250$348.0K0.00%+565+12.1%Added
Bryn Mawr Trust Co5,235$347.0K0.01%00.0%Unchanged
Argonautica Private Wealth Management, Inc5,048$334.6K0.11%−43−0.8%Reduced