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 |
|---|---|---|---|---|---|
| GW&K Investment Management, LLC | 591,101 | $37.9M | 0.34% | −8,179−1.4% | Reduced |
| Letko, Brosseau & Associates Inc | 600,517 | $38.5M | 0.66% | +127,600+27.0% | Added |
| Raymond James Financial Inc | 629,953 | $40.4M | 0.01% | +51,608+8.9% | Added |
| AXA Investment Managers S.A. | 643,585 | $41.3M | 0.11% | +643,585 | New |
| Lincluden Management Ltd | 484,125 | $43.2M | 4.81% | +21,167+4.6% | Added |
| Cidel Asset Management Inc | 688,129 | $44.2M | 2.53% | +18,446+2.8% | Added |
| Nuveen, LLC | 706,671 | $45.3M | 0.01% | +7,207+1.0% | Added |
| Deutsche Bank AG | 711,823 | $45.7M | 0.02% | +259,886+57.5% | Added |
| Intact Investment Management Inc. | 759,391 | $48.7M | 1.47% | +72,800+10.6% | Added |
| Man Group plc | 786,062 | $50.4M | 0.10% | +164,810+26.5% | Added |
| Alberta Investment Management Corp | 866,100 | $55.5M | 0.40% | −204,400−19.1% | Reduced |
| Point72 Asset Management, L.P. | 870,101 | $55.8M | 0.12% | +870,101 | New |
| Epoch Investment Partners, Inc. | 878,300 | $56.3M | 0.31% | −49,132−5.3% | Reduced |
| Swiss National Bank | 895,430 | $57.5M | 0.03% | −50,300−5.3% | Reduced |
| Charles Schwab Investment Management Inc | 931,476 | $59.8M | 0.01% | +23,472+2.6% | Added |
| Northern Trust Corp | 933,430 | $59.9M | 0.01% | +22,014+2.4% | Added |
| Aviso Financial Inc. | 973,257 | $62.4M | 2.54% | +14,823+1.5% | Added |
| UBS Group AG | 988,434 | $63.4M | 0.01% | +525,284+113.4% | Added |
| MUFG Securities EMEA plc | 1,018,200 | $65.3M | 1.64% | +1,018,200 | New |
| Bank of New York Mellon Corp | 1,034,754 | $66.4M | 0.01% | +193,462+23.0% | Added |
| Bank of Nova Scotia | 1,048,830 | $67.3M | 0.12% | −253,192−19.4% | Reduced |
| Guardian Capital LP | 1,122,610 | $72.0M | 2.33% | −23,438−2.0% | Reduced |
| Duquesne Family Office LLCSuperinvestorDuquesne Family Office | 1,131,365 | $72.6M | 1.85% | +380,355+50.6% | Added |
| TD Waterhouse Canada Inc. | 1,154,233 | $76.8M | 0.50% | −65,605−5.4% | Reduced |
| Manufacturers Life Insurance Company, The | 1,214,510 | $77.9M | 0.06% | +387,450+46.8% | Added |
| Toronto Dominion Bank | 1,247,303 | $80.2M | 0.16% | +95,723+8.3% | Added |
| Dimensional Fund Advisors LP | 1,255,829 | $80.6M | 0.02% | +157,266+14.3% | Added |
| River Road Asset Management, LLC | 1,458,999 | $93.6M | 1.05% | +595,829+69.0% | Added |
| Scotia Capital Inc. | 1,500,597 | $96.2M | 0.41% | +1,708+0.1% | Added |
| JPMorgan Chase & Co | 1,522,523 | $97.7M | 0.01% | −8,242−0.5% | Reduced |
| Legal & General Group Plc | 1,611,978 | $103.4M | 0.02% | +102,377+6.8% | Added |
| Burgundy Asset Management Ltd. | 1,742,299 | $110.3M | 1.04% | +156,189+9.8% | Added |
| Mackenzie Financial Corp | 1,892,120 | $121.4M | 0.15% | −34,307−1.8% | Reduced |
| Citadel Advisors LLC | 1,894,782 | $121.5M | 0.10% | +1,894,782 | New |
| Bank of America Corp | 1,935,243 | $124.1M | 0.01% | −404,724−17.3% | Reduced |
| Capital Research Global Investors | 2,038,745 | $130.8M | 0.02% | −552,797−21.3% | Reduced |
| CIBC Asset Management Inc | 2,156,338 | $138.8M | 0.40% | −131,034−5.7% | Reduced |
| Corvex Management LP | 2,408,743 | $154.5M | 5.53% | +1,535,560+175.9% | Added |
| Canoe Financial LP | 2,523,267 | $161.8M | 2.31% | −16,708−0.7% | Reduced |
| CIBC World Markets Inc. | 2,806,242 | $180.0M | 0.37% | +98,088+3.6% | Added |
| Canada Pension Plan Investment Board | 2,898,814 | $185.9M | 0.13% | +43,733+1.5% | Added |
| 1832 Asset Management L.P. | 3,112,322 | $199.6M | 0.34% | −3,727,708−54.5% | Reduced |
| State Street Corp | 3,120,312 | $202.0M | 0.01% | +122,968+4.1% | Added |
| Jarislowsky, Fraser Ltd | 3,263,219 | $209.4M | 1.15% | −148,118−4.3% | Reduced |
| Meritage Group LP | 3,280,877 | $210.4M | 6.01% | 00.0% | Unchanged |
| Davis Selected Advisers | 3,542,388 | $227.2M | 1.19% | +122,673+3.6% | Added |
| National Bank of Canada | 3,617,810 | $231.5M | 0.26% | +40,921+1.1% | Added |
| Invesco Ltd. | 3,636,827 | $233.3M | 0.04% | +345,487+10.5% | Added |
| FIL Ltd | 4,468,860 | $286.7M | 0.23% | −1,277,771−22.2% | Reduced |
| Fiera Capital Corp | 4,946,163 | $317.2M | 1.03% | +724,540+17.2% | Added |
| Geode Capital Management, LLC | 4,921,050 | $323.0M | 0.02% | +625,000+14.5% | Added |
| Beutel, Goodman & Co Ltd. | 5,234,439 | $335.9M | 2.02% | −390,235−6.9% | Reduced |
| TD Asset Management Inc | 5,505,861 | $353.3M | 0.29% | +18,964+0.3% | Added |
| Morgan Stanley | 6,787,251 | $435.3M | 0.03% | +2,671,344+64.9% | Added |
| BlackRock, Inc. | 7,294,995 | $467.9M | 0.01% | +177,220+2.5% | Added |
| Baupost Group LLCSuperinvestorBaupost Group | 8,252,862 | $529.3M | 11.05% | +4,203,300+103.8% | Added |
| FMR LLC | 8,770,808 | $562.7M | 0.03% | −324,965−3.6% | Reduced |
| Goldman Sachs Group Inc | 10,235,714 | $656.5M | 0.09% | +331,322+3.3% | Added |
| Bank of Montreal | 12,123,594 | $777.6M | 0.34% | +802,161+7.1% | Added |
| EdgePoint Investment Group Inc. | 14,903,208 | $955.9M | 7.14% | +1,983,354+15.4% | Added |
| Vanguard Group Inc | 15,639,519 | $1.00B | 0.02% | +335,793+2.2% | Added |
| Pershing Square Capital Management, L.P. | 22,915,496 | $1.47B | 10.04% | −85,418−0.4% | Reduced |
| Royal Bank of Canada | 23,071,602 | $1.48B | 0.26% | +1,963,689+9.3% | Added |
| Capital World Investors | 40,430,403 | $2.59B | 0.35% | −2,579,650−6.0% | Reduced |
| Erste Asset Management GmbH | 0 | $0 | 0.00% | −3,800−100.0% | Sold out |
| UBS Asset Management Americas Inc | 0 | $0 | 0.00% | −1,123,651−100.0% | Sold out |
| RDST Capital LLC | 0 | $0 | 0.00% | −968,064−100.0% | Sold out |
| Woodline Partners LP | 0 | $0 | 0.00% | −948,519−100.0% | Sold out |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −489,232−100.0% | Sold out |
| JCP Investment Management, LLC | 0 | $0 | 0.00% | −290,438−100.0% | Sold out |
| Twinbeech Capital LP | 0 | $0 | 0.00% | −218,225−100.0% | Sold out |
| Armistice Capital, LLC | 0 | $0 | 0.00% | −124,391−100.0% | Sold out |
| Nebula Research & Development LLC | 0 | $0 | 0.00% | −69,833−100.0% | Sold out |
| Journey Advisory Group, LLC | 0 | $0 | 0.00% | −61,913−100.0% | Sold out |
| Qsemble Capital Management, LP | 0 | $0 | 0.00% | −59,648−100.0% | Sold out |
| Delta Global Management LP | 0 | $0 | 0.00% | −35,679−100.0% | Sold out |
| Seascape Capital Management | 0 | $0 | 0.00% | −35,489−100.0% | Sold out |
| AXA S.A. | 0 | $0 | 0.00% | −33,199−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −23,238−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −24,913−100.0% | Sold out |
| Entropy Technologies, LP | 0 | $0 | 0.00% | −27,635−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −22,316−100.0% | Sold out |
| 111 Capital | 0 | $0 | 0.00% | −14,275−100.0% | Sold out |
| Gluskin Sheff & Assoc Inc | 0 | $0 | 0.00% | −14,189−100.0% | Sold out |
| Maverick Capital LtdSuperinvestorMaverick Capital | 0 | $0 | 0.00% | −12,636−100.0% | Sold out |
| Campbell & CO Investment Adviser LLC | 0 | $0 | 0.00% | −12,280−100.0% | Sold out |
| Oxford Asset Management LLP | 0 | $0 | 0.00% | −11,263−100.0% | Sold out |
| Lombard Odier Asset Management (Switzerland) SA | 0 | $0 | 0.00% | −11,041−100.0% | Sold out |
| Redwood Investment Management, LLC | 0 | $0 | 0.00% | −9,500−100.0% | Sold out |
| Novare Capital Management LLC | 0 | $0 | 0.00% | −8,827−100.0% | Sold out |
| Ossiam | 0 | $0 | 0.00% | −8,530−100.0% | Sold out |
| Winton Group Ltd | 0 | $0 | 0.00% | −4,000−100.0% | Sold out |
| Davenport & Co LLC | 0 | $0 | 0.00% | −3,478−100.0% | Sold out |
| Assenagon Asset Management S.A. | 0 | $0 | 0.00% | −3,444−100.0% | Sold out |
| Concurrent Investment Advisors, LLC | 0 | $0 | 0.00% | −3,092−100.0% | Sold out |
| GeoWealth Management, LLC | 0 | $0 | 0.00% | −2,637−100.0% | Sold out |
| Park Square Financial Group, LLC | 0 | $0 | 0.00% | −1,832−100.0% | Sold out |
| Andra AP-fonden | 0 | $0 | 0.00% | −1,200−100.0% | Sold out |
| S.A. Mason LLC | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |
| Mount Yale Investment Advisors, LLC | 0 | $0 | 0.00% | −546−100.0% | Sold out |