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, Q4 2025
Institutional positions in Restaurant Brands International Inc. as of Dec 31, 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
- 506
- +51 vs. Q3 2025
- Shares held
- 293.8M
- +9.63M (+3.4%) vs. Q3 2025
- Total value
- $20.1B
- +$1.82B (+9.9%) vs. Q3 2025
- New holders
- 94
- 199 more added
- Sold out
- 43
- 138 more reduced
9 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Capital World Investors | 43,525,570 | $2.97B | 0.40% | +3,095,167+7.7% | Added |
| Pershing Square Capital Management, L.P. | 22,866,773 | $1.56B | 10.05% | −48,723−0.2% | Reduced |
| Royal Bank of Canada | 18,544,727 | $1.27B | 0.22% | −4,526,875−19.6% | Reduced |
| EdgePoint Investment Group Inc. | 16,645,003 | $1.14B | 9.33% | +1,741,795+11.7% | Added |
| Vanguard Group Inc | 15,983,585 | $1.09B | 0.02% | +344,066+2.2% | Added |
| Bank of Montreal | 15,219,947 | $1.04B | 0.42% | +3,096,353+25.5% | Added |
| Morgan Stanley | 8,429,121 | $575.1M | 0.03% | +1,641,870+24.2% | Added |
| Baupost Group LLCSuperinvestorBaupost Group | 8,080,112 | $551.3M | 10.44% | −172,750−2.1% | Reduced |
| FMR LLC | 7,941,984 | $541.9M | 0.03% | −828,824−9.4% | Reduced |
| BlackRock, Inc. | 7,522,380 | $513.3M | 0.01% | +227,385+3.1% | Added |
| Fiera Capital Corp | 6,835,522 | $466.6M | 1.48% | +1,889,359+38.2% | Added |
| Beutel, Goodman & Co Ltd. | 5,548,020 | $379.1M | 2.33% | +313,581+6.0% | Added |
| TD Asset Management Inc | 5,544,780 | $378.9M | 0.30% | +38,919+0.7% | Added |
| Geode Capital Management, LLC | 5,216,985 | $365.3M | 0.02% | +295,935+6.0% | Added |
| FIL Ltd | 4,430,035 | $302.3M | 0.23% | −38,825−0.9% | Reduced |
| Platinum Paramount Investment Ltd. | 4,118,904 | $281.0M | 34.83% | +4,118,904 | New |
| Davis Selected Advisers | 4,020,791 | $274.3M | 1.23% | +478,403+13.5% | Added |
| Norges Bank | 3,820,684 | $260.7M | 0.03% | +3,820,684 | New |
| 1832 Asset Management L.P. | 3,817,946 | $260.5M | 0.33% | +705,624+22.7% | Added |
| National Bank of Canada | 3,832,184 | $259.4M | 0.27% | +214,374+5.9% | Added |
| CIBC World Markets Inc. | 3,689,706 | $251.7M | 0.45% | +883,464+31.5% | Added |
| Invesco Ltd. | 3,469,979 | $236.8M | 0.02% | −166,848−4.6% | Reduced |
| Toronto Dominion Bank | 3,307,584 | $225.7M | 0.40% | +2,060,281+165.2% | Added |
| Meritage Group LP | 3,200,731 | $218.4M | 6.79% | −80,146−2.4% | Reduced |
| State Street Corp | 3,155,112 | $217.2M | 0.01% | +34,800+1.1% | Added |
| Canada Pension Plan Investment Board | 2,750,378 | $187.7M | 0.13% | −148,436−5.1% | Reduced |
| Goldman Sachs Group Inc | 2,523,391 | $172.2M | 0.02% | −7,712,323−75.3% | Reduced |
| Canoe Financial LP | 2,489,553 | $169.9M | 2.31% | −33,714−1.3% | Reduced |
| Corvex Management LP | 2,408,743 | $164.3M | 5.47% | 00.0% | Unchanged |
| Capital Research Global Investors | 2,040,125 | $139.2M | 0.03% | +1,380+0.1% | Added |
| Bank of America Corp | 2,022,208 | $138.0M | 0.01% | +86,965+4.5% | Added |
| Mackenzie Financial Corp | 1,818,754 | $124.7M | 0.15% | −73,366−3.9% | Reduced |
| Legal & General Group Plc | 1,693,511 | $115.7M | 0.03% | +81,533+5.1% | Added |
| JPMorgan Chase & Co | 1,470,773 | $100.4M | 0.01% | −51,750−3.4% | Reduced |
| Scotia Capital Inc. | 1,457,477 | $99.1M | 0.40% | −43,120−2.9% | Reduced |
| UBS Group AG | 1,408,839 | $96.1M | 0.02% | +420,405+42.5% | Added |
| CIBC Asset Management Inc | 1,317,198 | $90.4M | 0.22% | −839,140−38.9% | Reduced |
| Dimensional Fund Advisors LP | 1,264,430 | $86.3M | 0.02% | +8,601+0.7% | Added |
| Duquesne Family Office LLCSuperinvestorDuquesne Family Office | 1,209,000 | $82.5M | 1.95% | +77,635+6.9% | Added |
| Citadel Advisors LLC | 1,188,246 | $81.1M | 0.06% | −706,536−37.3% | Reduced |
| Manufacturers Life Insurance Company, The | 1,181,217 | $80.8M | 0.07% | −33,293−2.7% | Reduced |
| Bank of New York Mellon Corp | 1,001,210 | $68.3M | 0.01% | −33,544−3.2% | Reduced |
| Aviso Financial Inc. | 1,000,550 | $68.3M | 2.60% | +27,293+2.8% | Added |
| TD Waterhouse Canada Inc. | 974,201 | $66.2M | 0.41% | −180,032−15.6% | Reduced |
| Charles Schwab Investment Management Inc | 959,998 | $65.6M | 0.01% | +28,522+3.1% | Added |
| Northern Trust Corp | 945,500 | $64.5M | 0.01% | +12,070+1.3% | Added |
| Guardian Capital LP | 881,913 | $60.2M | 1.79% | −240,697−21.4% | Reduced |
| Alberta Investment Management Corp | 866,100 | $59.1M | 0.35% | 00.0% | Unchanged |
| River Road Asset Management, LLC | 863,570 | $58.9M | 0.65% | −595,429−40.8% | Reduced |
| Epoch Investment Partners, Inc. | 846,963 | $57.8M | 0.33% | −31,337−3.6% | Reduced |
| Swiss National Bank | 825,430 | $56.4M | 0.03% | −70,000−7.8% | Reduced |
| Bank of Nova Scotia | 824,469 | $56.3M | 0.08% | −224,361−21.4% | Reduced |
| Nuveen, LLC | 694,702 | $47.4M | 0.01% | −11,969−1.7% | Reduced |
| Lincluden Management Ltd | 467,154 | $43.8M | 3.72% | −16,971−3.5% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 609,993 | $42.5M | 0.05% | +609,993 | New |
| Letko, Brosseau & Associates Inc | 604,192 | $41.3M | 0.68% | +3,675+0.6% | Added |
| GW&K Investment Management, LLC | 588,012 | $40.1M | 0.35% | −3,089−0.5% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 570,138 | $38.9M | 0.10% | +499,963+712.5% | Added |
| Squarepoint Ops LLC | 569,717 | $38.9M | 0.08% | +188,600+49.5% | Added |
| Continental Grain Co | 559,178 | $38.2M | 11.36% | 00.0% | Unchanged |
| Raymond James Financial Inc | 526,648 | $35.9M | 0.01% | −103,305−16.4% | Reduced |
| Intact Investment Management Inc. | 504,261 | $34.4M | 0.99% | −255,130−33.6% | Reduced |
| Deutsche Bank AG | 499,889 | $34.1M | 0.01% | −211,934−29.8% | Reduced |
| MUFG Securities (Canada), Ltd. | 499,134 | $34.1M | 0.95% | −43,293−8.0% | Reduced |
| Millennium Management LLC | 493,468 | $33.7M | 0.02% | +431,014+690.1% | Added |
| Capital International Sarl | 471,677 | $32.2M | 0.52% | +116,772+32.9% | Added |
| Envestnet Asset Management Inc | 468,156 | $31.9M | 0.01% | −14,729−3.1% | Reduced |
| Addenda Capital Inc. | 318,202 | $30.1M | 0.88% | −3,291−1.0% | Reduced |
| Federation des caisses Desjardins du Quebec | 437,567 | $29.8M | 0.11% | −132,941−23.3% | Reduced |
| Janus Henderson Group PLC | 430,868 | $29.4M | 0.01% | +5,723+1.3% | Added |
| Woodline Partners LP | 406,487 | $27.7M | 0.11% | +406,487 | New |
| Cidel Asset Management Inc | 386,561 | $26.4M | 1.87% | −301,568−43.8% | Reduced |
| MIC Capital Management UK LLP | 386,203 | $26.4M | 5.97% | 00.0% | Unchanged |
| Hillsdale Investment Management Inc. | 376,147 | $25.7M | 0.71% | +336,615+851.5% | Added |
| Scheer, Rowlett & Associates Investment Management Ltd. | 373,562 | $25.5M | 1.75% | −56,500−13.1% | Reduced |
| Man Group plc | 361,912 | $24.7M | 0.05% | −424,150−54.0% | Reduced |
| Amundi | 354,158 | $24.2M | 0.01% | +23,913+7.2% | Added |
| Wells Fargo & Company | 352,506 | $24.1M | 0.00% | +54,174+18.2% | Added |
| Baskin Financial Services Inc. | 350,091 | $23.9M | 1.80% | +288+0.1% | Added |
| Seven Grand Managers, LLC | 350,000 | $23.9M | 1.82% | +350,000 | New |
| Bank of Nova Scotia Trust Co | 328,140 | $22.4M | 1.95% | +29,186+9.8% | Added |
| Rockefeller Capital Management L.P. | 325,904 | $22.2M | 0.04% | +69,030+26.9% | Added |
| Rhumbline Advisers | 304,025 | $20.7M | 0.02% | −5,015−1.6% | Reduced |
| Spears Abacus Advisors LLC | 298,769 | $20.4M | 0.38% | −2,224−0.7% | Reduced |
| Capital International Ltd | 288,203 | $19.7M | 0.69% | +55,411+23.8% | Added |
| D. E. Shaw & Co., Inc. | 286,960 | $19.6M | 0.01% | +229,160+396.5% | Added |
| Soroban Capital Partners LP | 300,000 | $19.2M | 0.14% | 00.0% | Unchanged |
| Dana Investment Advisors, Inc. | 274,727 | $18.7M | 0.55% | −1,702−0.6% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 262,765 | $17.8M | 0.02% | +237,444+937.7% | Added |
| Aviva PLC | 248,654 | $17.0M | 0.03% | +13,607+5.8% | Added |
| Capital International Inc | 239,219 | $16.3M | 0.13% | +18,523+8.4% | Added |
| Van Eck Associates Corp | 223,566 | $15.3M | 0.01% | +223,566 | New |
| Hook Mill Capital Partners, LP | 222,958 | $15.2M | 1.43% | +222,958 | New |
| Ameriprise Financial Inc | 203,312 | $14.0M | 0.00% | +178,411+716.5% | Added |
| Korea Investment CORP | 197,115 | $13.5M | 0.03% | −18,402−8.5% | Reduced |
| New York State Common Retirement Fund | 196,100 | $13.4M | 0.02% | 00.0% | Unchanged |
| State Board of Administration of Florida Retirement System | 191,887 | $13.1M | 0.02% | +76,090+65.7% | Added |
| Trexquant Investment LP | 189,069 | $12.9M | 0.11% | +189,069 | New |
| First Manhattan Co | 182,326 | $12.6M | 0.03% | +1,785+1.0% | Added |
| Engineers Gate Manager LP | 177,647 | $12.1M | 0.14% | +153,119+624.3% | Added |