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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, 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.

Institutional holdersQ4 2025: 506 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 heldQ4 2025: $20.1B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q3 2025.

Institutions holding QSR in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Parkside Financial Bank & Trust613$41.8K0.00%+33+5.7%Added
HM Payson & Co618$42.2K0.00%00.0%Unchanged
Umb Bank N A639$43.6K0.00%+214+50.4%Added
Bartlett & Co. Wealth Management LLC635$43.7K0.00%00.0%Unchanged
Vision Retirement, LLC655$44.7K0.01%+655New
Pflug Koory, LLC716$48.9K0.02%00.0%Unchanged
Parallax Volatility Advisers, L.P.780$53.2K0.00%−1,607−67.3%Reduced
Grove Bank & Trust805$54.9K0.01%−41−4.8%Reduced
Huntington National Bank812$55.4K0.00%+124+18.0%Added
IFP Advisors, Inc860$58.7K0.00%+96+12.6%Added
Westerkirk Capital Inc.890$60.8K0.01%−12,900−93.5%Reduced
Transamerica Financial Advisors, Inc.889$61.2K0.01%+40+4.7%Added
Capital Analysts, LLC924$63.0K0.00%+158+20.6%Added
Global Retirement Partners, LLC970$66.2K0.00%+677+231.1%Added
New Vernon Capital Holdings II LLC707$66.2K0.03%00.0%Unchanged
Pension & Wealth Management Advisors, Inc.989$67.5K0.02%00.0%Unchanged
Rosenberg Matthew Hamilton1,000$68.2K0.01%00.0%Unchanged
DV Trading LLC1,000$68.2K0.01%+1,000New
Crewe Advisors LLC1,013$69.1K0.01%00.0%Unchanged
EverSource Wealth Advisors, LLC1,067$72.8K0.00%+706+195.6%Added
Cromwell Holdings LLC1,079$74.3K0.04%00.0%Unchanged
Massmutual Trust Co FSB1,124$76.7K0.00%+92+8.9%Added
Basecamp Wealth Advisors LLC1,155$78.8K0.02%+1,155New
HSBC Holdings PLC1,211$82.8K0.00%−109,401−98.9%Reduced
Advisors Asset Management, Inc.1,300$88.7K0.00%−46−3.4%Reduced
Stonehage Fleming Financial Services Holdings Ltd1,300$88.7K0.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC1,386$95.4K0.02%−60−4.1%Reduced
Covestor Ltd1,575$107.0K0.06%−245−13.5%Reduced
Farther Finance Advisors, LLC1,606$109.6K0.00%+235+17.1%Added
Parallel Advisors, LLC1,636$111.6K0.00%+42+2.6%Added
Bank Julius Baer & Co. Ltd, Zurich1,670$113.9K0.00%+138+9.0%Added
Byrne Asset Management LLC1,780$121.4K0.07%00.0%Unchanged
FNY Investment Advisers, LLC1,900$129.0K0.04%+1,900New
AdvisorShares Investments LLC1,900$129.6K0.02%+1,900New
Allworth Financial LP1,912$130.4K0.00%+454+31.1%Added
Versant Capital Management, Inc1,916$130.7K0.02%+859+81.3%Added
Caldwell Sutter Capital, Inc.2,078$141.8K0.06%−19−0.9%Reduced
GAMMA Investing LLC2,218$151.3K0.01%+283+14.6%Added
Group One Trading, L.P.2,316$158.0K0.00%+2,316New
Pacer Advisors, Inc.2,569$175.3K0.00%−91−3.4%Reduced
Caldwell Trust Co2,599$177.3K0.02%+2,599New
Procyon Private Wealth Partners, LLC2,961$202.0K0.01%+2,961New
Alerus Financial NA2,969$202.6K0.01%−14,179−82.7%Reduced
Davenport & Co LLC3,015$205.7K0.00%+3,015New
HighTower Advisors, LLC3,237$220.8K0.00%+61+1.9%Added
Whetstone Capital Advisors, LLC3,245$221.4K0.07%−402−11.0%Reduced
Cornerstone Select Advisors, LLC3,261$222.5K0.15%+3,261New
Hantz Financial Services, Inc.3,275$223.0K0.00%−31−0.9%Reduced
Strategic Wealth Partners, Ltd.3,307$225.7K0.02%+275+9.1%Added
NorthCrest Asset Manangement, LLC3,432$229.1K0.01%+3,432New
Colony Group, LLC3,376$230.7K0.00%+3,376New
Oppenheimer Asset Management Inc.3,403$232.2K0.00%−44−1.3%Reduced
Consolidated Capital Management, LLC3,420$233.3K0.07%−74,019−95.6%Reduced
Pinnacle Financial Partners, Inc.3,478$237.3K0.00%+3,478New
Dimension Capital Management LLC3,501$238.9K0.03%00.0%Unchanged
Caitong International Asset Management Co., Ltd3,520$240.2K0.06%+2,479+238.1%Added
Robertson Stephens Wealth Management, LLC3,490$240.3K0.01%00.0%Unchanged
Merit Financial Group, LLC3,539$241.5K0.00%+3,539New
Cardinal Point Capital Management, ULC3,597$245.8K0.02%−305−7.8%Reduced
Bayforest Capital Ltd3,641$248.4K0.19%+1,714+88.9%Added
Nisa Investment Advisors, LLC3,610$248.6K0.00%+1,755+94.6%Added
We Are One Seven, LLC3,647$248.8K0.01%+16+0.4%Added
Summit Trail Advisors, LLC3,648$250.0K0.00%−8,460−69.9%Reduced
Burney Co3,860$263.4K0.01%−100−2.5%Reduced
Private Advisor Group, LLC4,184$285.5K0.00%−31−0.7%Reduced
Waldron Private Wealth LLC4,150$285.7K0.01%00.0%Unchanged
Phillips Wealth Planners LLC4,274$290.7K0.23%+82+2.0%Added
Bryn Mawr Trust Co4,328$295.3K0.01%+6+0.1%Added
Abc Arbitrage SA4,344$296.4K0.03%+4,344New
FSM Wealth Advisors, LLC4,378$298.7K0.04%+358+8.9%Added
MAI Capital Management4,466$304.7K0.00%+36+0.8%Added
Sanctuary Advisors, LLC4,519$308.3K0.00%+473+11.7%Added
Meadowbrook Wealth Management, LLC4,740$323.4K0.37%−335−6.6%Reduced
AlphaGrep UK Ltd4,823$329.1K0.11%+4,823New
Savant Capital, LLC4,874$332.6K0.00%+4,874New
Allianz Asset Management GmbH4,452$333.3K0.00%−11,875−72.7%Reduced
Envestnet Portfolio Solutions, Inc.4,905$334.6K0.00%+89+1.8%Added
Richard W. Paul & Associates, LLC5,043$344.1K0.11%−226−4.3%Reduced
Tacita Capital Inc5,061$345.6K0.20%+386+8.3%Added
Stone Wealth Partners5,068$348.9K0.31%+5,068New
Foundations Investment Advisors, LLC5,169$352.7K0.00%+5,169New
Winton Group Ltd5,200$354.8K0.01%+5,200New
Vise Technologies, Inc.5,257$358.7K0.01%+1,664+46.3%Added
Ritholtz Wealth Management5,257$358.7K0.01%+274+5.5%Added
SG Americas Securities, LLC5,284$361.0K0.00%+5,284New
Beverly Hills Private Wealth, LLC5,308$362.2K0.06%−159−2.9%Reduced
Farringdon Capital, Ltd.5,373$366.6K0.09%−2,990−35.8%Reduced
Hardy Reed LLC5,397$368.2K0.03%+25+0.5%Added
TD Private Client Wealth LLC5,432$370.6K0.01%−331−5.7%Reduced
Jones Financial Companies LLLP5,444$371.4K0.00%+1,338+32.6%Added
Shelton Capital Management5,460$372.5K0.01%−99−1.8%Reduced
Cigna Investments Inc5,506$376.0K0.05%00.0%Unchanged
New England Research & Management, Inc.5,549$378.6K0.17%00.0%Unchanged
Sowell Financial Services LLC5,617$383.2K0.01%+20+0.4%Added
Benjamin Edwards Inc5,659$386.2K0.00%+460+8.8%Added
Syon Capital LLC5,661$386.3K0.02%+501+9.7%Added
GWM Advisors LLC5,847$399.0K0.00%+750+14.7%Added
Strategic Investment Advisors6,174$421.3K0.04%−323−5.0%Reduced
Geneos Wealth Management Inc.6,200$423.0K0.01%−300−4.6%Reduced
Knollwood Investment Advisory, LLC6,278$428.3K0.04%00.0%Unchanged