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 |
|---|---|---|---|---|---|
| Hilltop National Bank | 23,547 | $1.61M | 0.39% | +23,547 | New |
| Qsemble Capital Management, LP | 24,054 | $1.64M | 0.14% | +24,054 | New |
| Partners Group Holding AG | 24,645 | $1.68M | 0.11% | +24,645 | New |
| Burkett Asset Management Ltd | 24,772 | $1.69M | 1.71% | +24,772 | New |
| Bennett Selby Investments LP | 24,842 | $1.69M | 0.55% | −632−2.5% | Reduced |
| Aspire Private Capital, LLC | 24,973 | $1.70M | 0.38% | −87−0.3% | Reduced |
| Callahan Advisors, LLC | 25,030 | $1.71M | 0.14% | 00.0% | Unchanged |
| Credit Agricole S A | 25,066 | $1.71M | 0.00% | +20,652+467.9% | Added |
| M&T Bank Corp | 25,739 | $1.76M | 0.01% | +1,409+5.8% | Added |
| Gateway Investment Advisers LLC | 25,802 | $1.76M | 0.02% | −5,397−17.3% | Reduced |
| CI Private Wealth, LLC | 26,792 | $1.83M | 0.00% | +12,951+93.6% | Added |
| Lebenthal Global Advisors, LLC | 27,831 | $1.90M | 0.29% | +15,096+118.5% | Added |
| Empowered Funds, LLC | 28,115 | $1.92M | 0.03% | +17,146+156.3% | Added |
| USS Investment Management Ltd | 28,149 | $1.93M | 0.01% | 00.0% | Unchanged |
| Boston Partners | 29,564 | $2.02M | 0.00% | +8,543+40.6% | Added |
| Avanza Fonder AB | 21,589 | $2.02M | 0.05% | 00.0% | Unchanged |
| Maven Securities LTD | 30,000 | $2.05M | 0.26% | +30,000 | New |
| Timelo Investment Management Inc. | 30,000 | $2.05M | 2.17% | +30,000 | New |
| Brinker Capital Investments, LLC | 30,401 | $2.07M | 0.02% | −8,097−21.0% | Reduced |
| Skye Global Management LP | 31,815 | $2.17M | 0.04% | −94,185−74.8% | Reduced |
| Entropy Technologies, LP | 31,872 | $2.17M | 0.12% | +31,872 | New |
| Donoghue Forlines LLC | 32,389 | $2.21M | 0.68% | +32,389 | New |
| Commerce Bank | 32,564 | $2.22M | 0.01% | −12,028−27.0% | Reduced |
| Great Lakes Retirement, Inc. | 32,280 | $2.22M | 0.23% | +32,280 | New |
| Truist Financial Corp | 34,096 | $2.33M | 0.00% | −460−1.3% | Reduced |
| Wellington Management Group LLP | 34,276 | $2.34M | 0.00% | +10,723+45.5% | Added |
| Oppenheimer & Co Inc | 35,205 | $2.40M | 0.03% | +681+2.0% | Added |
| Assetmark, Inc | 35,224 | $2.40M | 0.00% | +3,755+11.9% | Added |
| Wiley Bros.-Aintree Capital, LLC | 36,228 | $2.47M | 0.01% | +4,113+12.8% | Added |
| Xponance, Inc. | 36,577 | $2.50M | 0.02% | +1,208+3.4% | Added |
| Iridian Asset Management LLC | 36,710 | $2.50M | 0.92% | −10,679−22.5% | Reduced |
| Dynamic Technology Lab Private Ltd | 37,367 | $2.55M | 0.58% | +37,367 | New |
| Primecap Management Co | 37,600 | $2.57M | 0.00% | 00.0% | Unchanged |
| Range Rock Capital, LLC | 37,613 | $2.57M | 0.89% | +37,613 | New |
| Warren Averett Asset Management, LLC | 39,954 | $2.73M | 0.02% | +4,322+12.1% | Added |
| Investment Management Corp of Ontario | 40,217 | $2.74M | 0.04% | +27,979+228.6% | Added |
| Schonfeld Strategic Advisors LLC | 41,198 | $2.81M | 0.01% | +41,198 | New |
| Founders Capital Management, LLC | 41,816 | $2.85M | 0.42% | 00.0% | Unchanged |
| Skandinaviska Enskilda Banken AB (publ) | 42,983 | $2.93M | 0.01% | −1,259−2.8% | Reduced |
| Natixis | 45,564 | $3.11M | 0.01% | +44,113+3,040.2% | Added |
| Freestone Grove Partners LP | 46,756 | $3.19M | 0.02% | −60,359−56.3% | Reduced |
| Alta Capital Management LLC | 47,423 | $3.24M | 0.22% | −107,433−69.4% | Reduced |
| Machina Capital S.A.S. | 48,590 | $3.32M | 0.63% | +29,659+156.7% | Added |
| Inkwell Capital LLC | 49,315 | $3.36M | 3.42% | −719−1.4% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 49,580 | $3.38M | 0.03% | −2,628−5.0% | Reduced |
| Public Sector Pension Investment Board | 50,007 | $3.41M | 0.01% | −29,574−37.2% | Reduced |
| DekaBank Deutsche Girozentrale | 42,344 | $3.47M | 0.01% | 00.0% | Unchanged |
| Cary Street Partners Financial LLC | 52,413 | $3.58M | 0.09% | +45+0.1% | Added |
| SEI Investments Co | 52,564 | $3.59M | 0.00% | +274+0.5% | Added |
| Natixis Advisors, L.P. | 52,868 | $3.61M | 0.01% | +6,667+14.4% | Added |
| Utah Retirement Systems | 53,395 | $3.65M | 0.03% | 00.0% | Unchanged |
| Boothbay Fund Management, LLC | 53,531 | $3.65M | 0.10% | +53,531 | New |
| Nichols & Pratt Advisers LLP | 53,634 | $3.66M | 0.23% | +10,465+24.2% | Added |
| Cetera Investment Advisers | 53,672 | $3.66M | 0.00% | +4,342+8.8% | Added |
| Arkadios Wealth Advisors | 53,732 | $3.67M | 0.07% | +5,677+11.8% | Added |
| Partners Capital Investment Group, LLP | 53,939 | $3.68M | 0.14% | −9,939−15.6% | Reduced |
| Stifel Financial Corp | 54,231 | $3.70M | 0.00% | +18,277+50.8% | Added |
| Harvest Portfolios Group Inc. | 56,915 | $3.88M | 0.07% | +694+1.2% | Added |
| Asset Management One Co.,Ltd. | 57,512 | $3.97M | 0.01% | +194+0.3% | Added |
| Allspring Global Investments Holdings, LLC | 59,306 | $4.02M | 0.01% | +1,006+1.7% | Added |
| Capital Group Investment Management Pte. Ltd. | 58,966 | $4.02M | 0.65% | +12,039+25.7% | Added |
| Earnest Partners LLC | 59,368 | $4.05M | 0.02% | −15,354−20.5% | Reduced |
| Creative Planning | 60,644 | $4.14M | 0.00% | +3,174+5.5% | Added |
| AQR Capital Management LLC | 62,394 | $4.26M | 0.00% | +40,667+187.2% | Added |
| PensionDanmark Pensionsforsikringsaktieselskab | 62,882 | $4.30M | 0.04% | +62,882 | New |
| Capricorn Fund Managers Ltd | 65,089 | $4.44M | 1.07% | −5,779−8.2% | Reduced |
| Occudo Quantitative Strategies LP | 65,144 | $4.44M | 0.30% | +65,144 | New |
| Landscape Capital Management, L.L.C. | 66,603 | $4.54M | 0.30% | +5,911+9.7% | Added |
| Federated Hermes, Inc. | 68,789 | $4.69M | 0.01% | +9,817+16.6% | Added |
| Quartz Partners, LLC | 70,810 | $4.83M | 1.80% | +8,683+14.0% | Added |
| Forsta Ap-Fonden | 71,600 | $4.89M | 0.03% | −3,200−4.3% | Reduced |
| Quantinno Capital Management LP | 72,062 | $4.92M | 0.01% | +23,158+47.4% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 75,061 | $5.13M | 0.03% | +1,048+1.4% | Added |
| Louisbourg Investments Inc. | 78,097 | $5.34M | 1.06% | −33,118−29.8% | Reduced |
| Gotham Asset Management, LLC | 78,474 | $5.35M | 0.02% | +45,007+134.5% | Added |
| Bridgewater Associates, LP | 80,173 | $5.47M | 0.02% | −33,738−29.6% | Reduced |
| Qube Research & Technologies Ltd | 82,854 | $5.65M | 0.01% | +61,315+284.7% | Added |
| Voya Investment Management LLC | 84,170 | $5.74M | 0.01% | +52,123+162.6% | Added |
| Teachers Retirement System of the State of Kentucky | 86,700 | $5.92M | 0.04% | 00.0% | Unchanged |
| Franklin Resources Inc | 88,747 | $6.06M | 0.00% | +5,217+6.2% | Added |
| AIA Group Ltd | 89,710 | $6.12M | 0.09% | −21,459−19.3% | Reduced |
| Commonwealth Equity Services, LLC | 93,836 | $6.40M | 0.01% | +38,401+69.3% | Added |
| Northwest & Ethical Investments L.P. | 100,972 | $6.89M | 0.16% | −207−0.2% | Reduced |
| Northwestern Mutual Wealth Management Co | 104,051 | $7.10M | 0.00% | +6,822+7.0% | Added |
| Purpose Unlimited Inc. | 107,443 | $7.33M | 0.34% | +107,443 | New |
| State of Wisconsin Investment Board | 109,043 | $7.45M | 0.02% | +109,043 | New |
| Public Employees Retirement System of Ohio | 117,801 | $8.04M | 0.03% | −3,347−2.8% | Reduced |
| Mn Services Vermogensbeheer B.V. | 118,082 | $8.07M | 0.05% | +1,782+1.5% | Added |
| Jump Financial, LLC | 120,215 | $8.20M | 0.10% | +100,614+513.3% | Added |
| Pictet Asset Management Holding SA | 125,016 | $8.54M | 0.01% | +4,948+4.1% | Added |
| Russell Investments Group, Ltd. | 130,205 | $8.90M | 0.01% | +32,713+33.6% | Added |
| Citigroup Inc | 133,787 | $9.14M | 0.01% | −35,761−21.1% | Reduced |
| Great West Life Assurance Co | 135,610 | $9.23M | 0.02% | −81,531−37.5% | Reduced |
| Treasurer of the State of North Carolina | 135,566 | $9.25M | 0.03% | −9,904−6.8% | Reduced |
| Verition Fund Management LLC | 138,707 | $9.46M | 0.05% | −1,792−1.3% | Reduced |
| Alliancebernstein L.P. | 146,353 | $9.99M | 0.00% | +570+0.4% | Added |
| Barclays PLC | 146,392 | $9.99M | 0.00% | −11,294−7.2% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 148,717 | $10.2M | 0.02% | +11,113+8.1% | Added |
| BancorpSouth Bank | 152,079 | $10.4M | 0.61% | +1,442+1.0% | Added |
| LPL Financial LLC | 152,119 | $10.4M | 0.00% | +7,259+5.0% | Added |