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 |
|---|---|---|---|---|---|
| Toroso Investments, LLC | 154,897 | $10.6M | 0.04% | +28,746+22.8% | Added |
| Cullen/Frost Bankers, Inc. | 159,816 | $10.9M | 0.12% | +17,652+12.4% | Added |
| American Century Companies Inc | 160,913 | $11.0M | 0.01% | +35,843+28.7% | Added |
| Price T Rowe Associates Inc | 161,222 | $11.0M | 0.00% | +11,573+7.7% | Added |
| State of Tennessee, Treasury Department | 171,261 | $11.5M | 0.04% | −6,214−3.5% | Reduced |
| British Columbia Investment Management Corp | 171,808 | $11.7M | 0.06% | −16,847−8.9% | Reduced |
| Engineers Gate Manager LP | 177,647 | $12.1M | 0.14% | +153,119+624.3% | Added |
| First Manhattan Co | 182,326 | $12.6M | 0.03% | +1,785+1.0% | Added |
| Trexquant Investment LP | 189,069 | $12.9M | 0.11% | +189,069 | New |
| State Board of Administration of Florida Retirement System | 191,887 | $13.1M | 0.02% | +76,090+65.7% | Added |
| New York State Common Retirement Fund | 196,100 | $13.4M | 0.02% | 00.0% | Unchanged |
| Korea Investment CORP | 197,115 | $13.5M | 0.03% | −18,402−8.5% | Reduced |
| Ameriprise Financial Inc | 203,312 | $14.0M | 0.00% | +178,411+716.5% | Added |
| Hook Mill Capital Partners, LP | 222,958 | $15.2M | 1.43% | +222,958 | New |
| Van Eck Associates Corp | 223,566 | $15.3M | 0.01% | +223,566 | New |
| Capital International Inc | 239,219 | $16.3M | 0.13% | +18,523+8.4% | Added |
| Aviva PLC | 248,654 | $17.0M | 0.03% | +13,607+5.8% | Added |
| Wealth Enhancement Advisory Services, LLC | 262,765 | $17.8M | 0.02% | +237,444+937.7% | Added |
| Dana Investment Advisors, Inc. | 274,727 | $18.7M | 0.55% | −1,702−0.6% | Reduced |
| Soroban Capital Partners LP | 300,000 | $19.2M | 0.14% | 00.0% | Unchanged |
| D. E. Shaw & Co., Inc. | 286,960 | $19.6M | 0.01% | +229,160+396.5% | Added |
| Capital International Ltd | 288,203 | $19.7M | 0.69% | +55,411+23.8% | Added |
| Spears Abacus Advisors LLC | 298,769 | $20.4M | 0.38% | −2,224−0.7% | Reduced |
| Rhumbline Advisers | 304,025 | $20.7M | 0.02% | −5,015−1.6% | Reduced |
| Rockefeller Capital Management L.P. | 325,904 | $22.2M | 0.04% | +69,030+26.9% | Added |
| Bank of Nova Scotia Trust Co | 328,140 | $22.4M | 1.95% | +29,186+9.8% | Added |
| Seven Grand Managers, LLC | 350,000 | $23.9M | 1.82% | +350,000 | New |
| Baskin Financial Services Inc. | 350,091 | $23.9M | 1.80% | +288+0.1% | Added |
| Wells Fargo & Company | 352,506 | $24.1M | 0.00% | +54,174+18.2% | Added |
| Amundi | 354,158 | $24.2M | 0.01% | +23,913+7.2% | Added |
| Man Group plc | 361,912 | $24.7M | 0.05% | −424,150−54.0% | Reduced |
| Scheer, Rowlett & Associates Investment Management Ltd. | 373,562 | $25.5M | 1.75% | −56,500−13.1% | Reduced |
| Hillsdale Investment Management Inc. | 376,147 | $25.7M | 0.71% | +336,615+851.5% | Added |
| MIC Capital Management UK LLP | 386,203 | $26.4M | 5.97% | 00.0% | Unchanged |
| Cidel Asset Management Inc | 386,561 | $26.4M | 1.87% | −301,568−43.8% | Reduced |
| Woodline Partners LP | 406,487 | $27.7M | 0.11% | +406,487 | New |
| Janus Henderson Group PLC | 430,868 | $29.4M | 0.01% | +5,723+1.3% | Added |
| Federation des caisses Desjardins du Quebec | 437,567 | $29.8M | 0.11% | −132,941−23.3% | Reduced |
| Addenda Capital Inc. | 318,202 | $30.1M | 0.88% | −3,291−1.0% | Reduced |
| Envestnet Asset Management Inc | 468,156 | $31.9M | 0.01% | −14,729−3.1% | Reduced |
| Capital International Sarl | 471,677 | $32.2M | 0.52% | +116,772+32.9% | Added |
| Millennium Management LLC | 493,468 | $33.7M | 0.02% | +431,014+690.1% | Added |
| MUFG Securities (Canada), Ltd. | 499,134 | $34.1M | 0.95% | −43,293−8.0% | Reduced |
| Deutsche Bank AG | 499,889 | $34.1M | 0.01% | −211,934−29.8% | Reduced |
| Intact Investment Management Inc. | 504,261 | $34.4M | 0.99% | −255,130−33.6% | Reduced |
| Raymond James Financial Inc | 526,648 | $35.9M | 0.01% | −103,305−16.4% | Reduced |
| Continental Grain Co | 559,178 | $38.2M | 11.36% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 569,717 | $38.9M | 0.08% | +188,600+49.5% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 570,138 | $38.9M | 0.10% | +499,963+712.5% | Added |
| GW&K Investment Management, LLC | 588,012 | $40.1M | 0.35% | −3,089−0.5% | Reduced |
| Letko, Brosseau & Associates Inc | 604,192 | $41.3M | 0.68% | +3,675+0.6% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 609,993 | $42.5M | 0.05% | +609,993 | New |
| Lincluden Management Ltd | 467,154 | $43.8M | 3.72% | −16,971−3.5% | Reduced |
| Nuveen, LLC | 694,702 | $47.4M | 0.01% | −11,969−1.7% | Reduced |
| Bank of Nova Scotia | 824,469 | $56.3M | 0.08% | −224,361−21.4% | Reduced |
| Swiss National Bank | 825,430 | $56.4M | 0.03% | −70,000−7.8% | Reduced |
| Epoch Investment Partners, Inc. | 846,963 | $57.8M | 0.33% | −31,337−3.6% | Reduced |
| River Road Asset Management, LLC | 863,570 | $58.9M | 0.65% | −595,429−40.8% | Reduced |
| Alberta Investment Management Corp | 866,100 | $59.1M | 0.35% | 00.0% | Unchanged |
| Guardian Capital LP | 881,913 | $60.2M | 1.79% | −240,697−21.4% | Reduced |
| Northern Trust Corp | 945,500 | $64.5M | 0.01% | +12,070+1.3% | Added |
| Charles Schwab Investment Management Inc | 959,998 | $65.6M | 0.01% | +28,522+3.1% | Added |
| TD Waterhouse Canada Inc. | 974,201 | $66.2M | 0.41% | −180,032−15.6% | Reduced |
| Aviso Financial Inc. | 1,000,550 | $68.3M | 2.60% | +27,293+2.8% | Added |
| Bank of New York Mellon Corp | 1,001,210 | $68.3M | 0.01% | −33,544−3.2% | Reduced |
| Manufacturers Life Insurance Company, The | 1,181,217 | $80.8M | 0.07% | −33,293−2.7% | Reduced |
| Citadel Advisors LLC | 1,188,246 | $81.1M | 0.06% | −706,536−37.3% | Reduced |
| Duquesne Family Office LLCSuperinvestorDuquesne Family Office | 1,209,000 | $82.5M | 1.95% | +77,635+6.9% | Added |
| Dimensional Fund Advisors LP | 1,264,430 | $86.3M | 0.02% | +8,601+0.7% | Added |
| CIBC Asset Management Inc | 1,317,198 | $90.4M | 0.22% | −839,140−38.9% | Reduced |
| UBS Group AG | 1,408,839 | $96.1M | 0.02% | +420,405+42.5% | Added |
| Scotia Capital Inc. | 1,457,477 | $99.1M | 0.40% | −43,120−2.9% | Reduced |
| JPMorgan Chase & Co | 1,470,773 | $100.4M | 0.01% | −51,750−3.4% | Reduced |
| Legal & General Group Plc | 1,693,511 | $115.7M | 0.03% | +81,533+5.1% | Added |
| Mackenzie Financial Corp | 1,818,754 | $124.7M | 0.15% | −73,366−3.9% | Reduced |
| Bank of America Corp | 2,022,208 | $138.0M | 0.01% | +86,965+4.5% | Added |
| Capital Research Global Investors | 2,040,125 | $139.2M | 0.03% | +1,380+0.1% | Added |
| Corvex Management LP | 2,408,743 | $164.3M | 5.47% | 00.0% | Unchanged |
| Canoe Financial LP | 2,489,553 | $169.9M | 2.31% | −33,714−1.3% | Reduced |
| Goldman Sachs Group Inc | 2,523,391 | $172.2M | 0.02% | −7,712,323−75.3% | Reduced |
| Canada Pension Plan Investment Board | 2,750,378 | $187.7M | 0.13% | −148,436−5.1% | Reduced |
| State Street Corp | 3,155,112 | $217.2M | 0.01% | +34,800+1.1% | Added |
| Meritage Group LP | 3,200,731 | $218.4M | 6.79% | −80,146−2.4% | Reduced |
| Toronto Dominion Bank | 3,307,584 | $225.7M | 0.40% | +2,060,281+165.2% | Added |
| Invesco Ltd. | 3,469,979 | $236.8M | 0.02% | −166,848−4.6% | Reduced |
| CIBC World Markets Inc. | 3,689,706 | $251.7M | 0.45% | +883,464+31.5% | Added |
| National Bank of Canada | 3,832,184 | $259.4M | 0.27% | +214,374+5.9% | Added |
| 1832 Asset Management L.P. | 3,817,946 | $260.5M | 0.33% | +705,624+22.7% | Added |
| Norges Bank | 3,820,684 | $260.7M | 0.03% | +3,820,684 | New |
| Davis Selected Advisers | 4,020,791 | $274.3M | 1.23% | +478,403+13.5% | Added |
| Platinum Paramount Investment Ltd. | 4,118,904 | $281.0M | 34.83% | +4,118,904 | New |
| FIL Ltd | 4,430,035 | $302.3M | 0.23% | −38,825−0.9% | Reduced |
| Geode Capital Management, LLC | 5,216,985 | $365.3M | 0.02% | +295,935+6.0% | Added |
| TD Asset Management Inc | 5,544,780 | $378.9M | 0.30% | +38,919+0.7% | Added |
| Beutel, Goodman & Co Ltd. | 5,548,020 | $379.1M | 2.33% | +313,581+6.0% | Added |
| Fiera Capital Corp | 6,835,522 | $466.6M | 1.48% | +1,889,359+38.2% | Added |
| BlackRock, Inc. | 7,522,380 | $513.3M | 0.01% | +227,385+3.1% | Added |
| FMR LLC | 7,941,984 | $541.9M | 0.03% | −828,824−9.4% | Reduced |
| Baupost Group LLCSuperinvestorBaupost Group | 8,080,112 | $551.3M | 10.44% | −172,750−2.1% | Reduced |
| Morgan Stanley | 8,429,121 | $575.1M | 0.03% | +1,641,870+24.2% | Added |