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, Q3 2025
Institutional positions in Restaurant Brands International Inc. as of Sep 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
- 464
- +13 vs. Q2 2025
- Shares held
- 290.1M
- +8.92M (+3.2%) vs. Q2 2025
- Total value
- $18.6B
- −$13.8M (−0.1%) vs. Q2 2025
- New holders
- 64
- 183 more added
- Sold out
- 51
- 148 more reduced
4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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, Q3 2025
Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 40,430,403 | $2.59B | 0.35% | −2,579,650−6.0% | Reduced |
| Royal Bank of Canada | 23,071,602 | $1.48B | 0.26% | +1,963,689+9.3% | Added |
| Pershing Square Capital Management, L.P. | 22,915,496 | $1.47B | 10.04% | −85,418−0.4% | Reduced |
| Vanguard Group Inc | 15,639,519 | $1.00B | 0.02% | +335,793+2.2% | Added |
| EdgePoint Investment Group Inc. | 14,903,208 | $955.9M | 7.14% | +1,983,354+15.4% | Added |
| Bank of Montreal | 12,123,594 | $777.6M | 0.34% | +802,161+7.1% | Added |
| Goldman Sachs Group Inc | 10,235,714 | $656.5M | 0.09% | +331,322+3.3% | Added |
| FMR LLC | 8,770,808 | $562.7M | 0.03% | −324,965−3.6% | Reduced |
| Baupost Group LLCSuperinvestorBaupost Group | 8,252,862 | $529.3M | 11.05% | +4,203,300+103.8% | Added |
| BlackRock, Inc. | 7,294,995 | $467.9M | 0.01% | +177,220+2.5% | Added |
| Morgan Stanley | 6,787,251 | $435.3M | 0.03% | +2,671,344+64.9% | Added |
| TD Asset Management Inc | 5,505,861 | $353.3M | 0.29% | +18,964+0.3% | Added |
| Beutel, Goodman & Co Ltd. | 5,234,439 | $335.9M | 2.02% | −390,235−6.9% | Reduced |
| Geode Capital Management, LLC | 4,921,050 | $323.0M | 0.02% | +625,000+14.5% | Added |
| Fiera Capital Corp | 4,946,163 | $317.2M | 1.03% | +724,540+17.2% | Added |
| FIL Ltd | 4,468,860 | $286.7M | 0.23% | −1,277,771−22.2% | Reduced |
| Invesco Ltd. | 3,636,827 | $233.3M | 0.04% | +345,487+10.5% | Added |
| National Bank of Canada | 3,617,810 | $231.5M | 0.26% | +40,921+1.1% | Added |
| Davis Selected Advisers | 3,542,388 | $227.2M | 1.19% | +122,673+3.6% | Added |
| Meritage Group LP | 3,280,877 | $210.4M | 6.01% | 00.0% | Unchanged |
| Jarislowsky, Fraser Ltd | 3,263,219 | $209.4M | 1.15% | −148,118−4.3% | Reduced |
| State Street Corp | 3,120,312 | $202.0M | 0.01% | +122,968+4.1% | Added |
| 1832 Asset Management L.P. | 3,112,322 | $199.6M | 0.34% | −3,727,708−54.5% | Reduced |
| Canada Pension Plan Investment Board | 2,898,814 | $185.9M | 0.13% | +43,733+1.5% | Added |
| CIBC World Markets Inc. | 2,806,242 | $180.0M | 0.37% | +98,088+3.6% | Added |
| Canoe Financial LP | 2,523,267 | $161.8M | 2.31% | −16,708−0.7% | Reduced |
| Corvex Management LP | 2,408,743 | $154.5M | 5.53% | +1,535,560+175.9% | Added |
| CIBC Asset Management Inc | 2,156,338 | $138.8M | 0.40% | −131,034−5.7% | Reduced |
| Capital Research Global Investors | 2,038,745 | $130.8M | 0.02% | −552,797−21.3% | Reduced |
| Bank of America Corp | 1,935,243 | $124.1M | 0.01% | −404,724−17.3% | Reduced |
| Citadel Advisors LLC | 1,894,782 | $121.5M | 0.10% | +1,894,782 | New |
| Mackenzie Financial Corp | 1,892,120 | $121.4M | 0.15% | −34,307−1.8% | Reduced |
| Burgundy Asset Management Ltd. | 1,742,299 | $110.3M | 1.04% | +156,189+9.8% | Added |
| Legal & General Group Plc | 1,611,978 | $103.4M | 0.02% | +102,377+6.8% | Added |
| JPMorgan Chase & Co | 1,522,523 | $97.7M | 0.01% | −8,242−0.5% | Reduced |
| Scotia Capital Inc. | 1,500,597 | $96.2M | 0.41% | +1,708+0.1% | Added |
| River Road Asset Management, LLC | 1,458,999 | $93.6M | 1.05% | +595,829+69.0% | Added |
| Dimensional Fund Advisors LP | 1,255,829 | $80.6M | 0.02% | +157,266+14.3% | Added |
| Toronto Dominion Bank | 1,247,303 | $80.2M | 0.16% | +95,723+8.3% | Added |
| Manufacturers Life Insurance Company, The | 1,214,510 | $77.9M | 0.06% | +387,450+46.8% | Added |
| TD Waterhouse Canada Inc. | 1,154,233 | $76.8M | 0.50% | −65,605−5.4% | Reduced |
| Duquesne Family Office LLCSuperinvestorDuquesne Family Office | 1,131,365 | $72.6M | 1.85% | +380,355+50.6% | Added |
| Guardian Capital LP | 1,122,610 | $72.0M | 2.33% | −23,438−2.0% | Reduced |
| Bank of Nova Scotia | 1,048,830 | $67.3M | 0.12% | −253,192−19.4% | Reduced |
| Bank of New York Mellon Corp | 1,034,754 | $66.4M | 0.01% | +193,462+23.0% | Added |
| MUFG Securities EMEA plc | 1,018,200 | $65.3M | 1.64% | +1,018,200 | New |
| UBS Group AG | 988,434 | $63.4M | 0.01% | +525,284+113.4% | Added |
| Aviso Financial Inc. | 973,257 | $62.4M | 2.54% | +14,823+1.5% | Added |
| Northern Trust Corp | 933,430 | $59.9M | 0.01% | +22,014+2.4% | Added |
| Charles Schwab Investment Management Inc | 931,476 | $59.8M | 0.01% | +23,472+2.6% | Added |
| Swiss National Bank | 895,430 | $57.5M | 0.03% | −50,300−5.3% | Reduced |
| Epoch Investment Partners, Inc. | 878,300 | $56.3M | 0.31% | −49,132−5.3% | Reduced |
| Point72 Asset Management, L.P. | 870,101 | $55.8M | 0.12% | +870,101 | New |
| Alberta Investment Management Corp | 866,100 | $55.5M | 0.40% | −204,400−19.1% | Reduced |
| Man Group plc | 786,062 | $50.4M | 0.10% | +164,810+26.5% | Added |
| Intact Investment Management Inc. | 759,391 | $48.7M | 1.47% | +72,800+10.6% | Added |
| Deutsche Bank AG | 711,823 | $45.7M | 0.02% | +259,886+57.5% | Added |
| Nuveen, LLC | 706,671 | $45.3M | 0.01% | +7,207+1.0% | Added |
| Cidel Asset Management Inc | 688,129 | $44.2M | 2.53% | +18,446+2.8% | Added |
| Lincluden Management Ltd | 484,125 | $43.2M | 4.81% | +21,167+4.6% | Added |
| AXA Investment Managers S.A. | 643,585 | $41.3M | 0.11% | +643,585 | New |
| Raymond James Financial Inc | 629,953 | $40.4M | 0.01% | +51,608+8.9% | Added |
| Letko, Brosseau & Associates Inc | 600,517 | $38.5M | 0.66% | +127,600+27.0% | Added |
| GW&K Investment Management, LLC | 591,101 | $37.9M | 0.34% | −8,179−1.4% | Reduced |
| Federation des caisses Desjardins du Quebec | 570,508 | $36.6M | 0.14% | −77,637−12.0% | Reduced |
| Continental Grain Co | 559,178 | $35.9M | 10.37% | 00.0% | Unchanged |
| MUFG Securities (Canada), Ltd. | 542,427 | $34.8M | 0.97% | −12,994−2.3% | Reduced |
| Balyasny Asset Management LLC | 494,130 | $31.7M | 0.06% | +265,075+115.7% | Added |
| Envestnet Asset Management Inc | 482,885 | $31.0M | 0.01% | −3,061−0.6% | Reduced |
| Addenda Capital Inc. | 321,493 | $29.0M | 0.86% | −2,838−0.9% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 430,062 | $27.6M | 1.64% | −45,080−9.5% | Reduced |
| Janus Henderson Group PLC | 425,145 | $27.3M | 0.01% | −26,618−5.9% | Reduced |
| MIC Capital Management UK LLP | 386,203 | $24.8M | 4.95% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 381,117 | $24.4M | 0.05% | +346,903+1,013.9% | Added |
| Capital International Sarl | 354,905 | $22.8M | 0.39% | +24,262+7.3% | Added |
| Amundi | 330,245 | $22.7M | 0.01% | −10,953−3.2% | Reduced |
| Baskin Financial Services Inc. | 349,803 | $22.4M | 1.65% | +3,180+0.9% | Added |
| Rhumbline Advisers | 309,040 | $19.8M | 0.02% | −6,216−2.0% | Reduced |
| Spears Abacus Advisors LLC | 300,993 | $19.3M | 0.36% | −50,561−14.4% | Reduced |
| Soroban Capital Partners LP | 300,000 | $19.2M | 0.16% | 00.0% | Unchanged |
| Bank of Nova Scotia Trust Co | 298,954 | $19.2M | 1.78% | +8,203+2.8% | Added |
| Wells Fargo & Company | 298,332 | $19.1M | 0.00% | +11,578+4.0% | Added |
| Susquehanna International Group, LLP | 293,331 | $18.8M | 0.03% | +271,860+1,266.2% | Added |
| Dana Investment Advisors, Inc. | 276,429 | $17.7M | 0.52% | +77,338+38.8% | Added |
| Rockefeller Capital Management L.P. | 256,874 | $16.5M | 0.03% | +37,575+17.1% | Added |
| Aviva PLC | 235,047 | $15.1M | 0.03% | +1,710+0.7% | Added |
| Capital International Ltd | 232,792 | $14.9M | 0.54% | +750.0% | Added |
| Capital International Inc | 220,696 | $14.2M | 0.11% | +30,277+15.9% | Added |
| Great West Life Assurance Co | 217,141 | $14.1M | 0.02% | +1,484+0.7% | Added |
| Korea Investment CORP | 215,517 | $13.8M | 0.03% | −10,726−4.7% | Reduced |
| New York State Common Retirement Fund | 196,100 | $12.6M | 0.02% | +66,600+51.4% | Added |
| British Columbia Investment Management Corp | 188,655 | $12.1M | 0.07% | +11,149+6.3% | Added |
| Galibier Capital Management Ltd. | 188,137 | $12.1M | 4.02% | −20,878−10.0% | Reduced |
| First Manhattan Co | 180,541 | $11.7M | 0.03% | +6,100+3.5% | Added |
| State of Tennessee, Treasury Department | 177,475 | $11.4M | 0.04% | −2,500−1.4% | Reduced |
| Citigroup Inc | 169,548 | $10.9M | 0.01% | +57,130+50.8% | Added |
| Barclays PLC | 157,686 | $10.1M | 0.00% | −4,547−2.8% | Reduced |
| Alta Capital Management LLC | 154,856 | $9.93M | 0.55% | +7,337+5.0% | Added |
| BancorpSouth Bank | 150,637 | $9.66M | 0.59% | +39,036+35.0% | Added |
| Price T Rowe Associates Inc | 149,649 | $9.60M | 0.00% | +17,447+13.2% | Added |