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 |
|---|---|---|---|---|---|
| Bank of Montreal | 15,219,947 | $1.04B | 0.42% | +3,096,353+25.5% | Added |
| Vanguard Group Inc | 15,983,585 | $1.09B | 0.02% | +344,066+2.2% | Added |
| EdgePoint Investment Group Inc. | 16,645,003 | $1.14B | 9.33% | +1,741,795+11.7% | Added |
| Royal Bank of Canada | 18,544,727 | $1.27B | 0.22% | −4,526,875−19.6% | Reduced |
| Pershing Square Capital Management, L.P. | 22,866,773 | $1.56B | 10.05% | −48,723−0.2% | Reduced |
| Capital World Investors | 43,525,570 | $2.97B | 0.40% | +3,095,167+7.7% | Added |
| MUFG Securities EMEA plc | 0 | $0 | 0.00% | −1,018,200−100.0% | Sold out |
| Point72 Asset Management, L.P. | 0 | $0 | 0.00% | −870,101−100.0% | Sold out |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −494,130−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −293,331−100.0% | Sold out |
| Hudson Bay Capital Management LP | 0 | $0 | 0.00% | −137,560−100.0% | Sold out |
| Weiss Asset Management LP | 0 | $0 | 0.00% | −74,961−100.0% | Sold out |
| Polar Asset Management Partners Inc. | 0 | $0 | 0.00% | −60,000−100.0% | Sold out |
| Massachusetts Financial Services Co | 0 | $0 | 0.00% | −48,386−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −45,952−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −45,614−100.0% | Sold out |
| Capital Fund Management S.A. | 0 | $0 | 0.00% | −37,847−100.0% | Sold out |
| Quantessence Capital LLC | 0 | $0 | 0.00% | −30,221−100.0% | Sold out |
| Capstone Investment Advisors, LLC | 0 | $0 | 0.00% | −24,705−100.0% | Sold out |
| Tower Research Capital LLC (TRC) | 0 | $0 | 0.00% | −22,909−100.0% | Sold out |
| SummitTX Capital, L.P. | 0 | $0 | 0.00% | −19,325−100.0% | Sold out |
| Blackstone Group Inc. | 0 | $0 | 0.00% | −13,316−100.0% | Sold out |
| Sanders Morris Harris LLC | 0 | $0 | 0.00% | −10,250−100.0% | Sold out |
| Quantitative Investment Management, LLC | 0 | $0 | 0.00% | −9,088−100.0% | Sold out |
| Quantbot Technologies LP | 0 | $0 | 0.00% | −8,755−100.0% | Sold out |
| Banco Santander, S.A. | 0 | $0 | 0.00% | −7,787−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −7,573−100.0% | Sold out |
| SIG North Trading, ULC | 0 | $0 | 0.00% | −6,155−100.0% | Sold out |
| FORA Capital, LLC | 0 | $0 | 0.00% | −5,184−100.0% | Sold out |
| Pitcairn Co | 0 | $0 | 0.00% | −5,055−100.0% | Sold out |
| Bridgefront Capital, LLC | 0 | $0 | 0.00% | −4,990−100.0% | Sold out |
| Cumberland Partners Ltd | 0 | $0 | 0.00% | −4,900−100.0% | Sold out |
| Chase Investment Counsel Corp | 0 | $0 | 0.00% | −3,747−100.0% | Sold out |
| Coldstream Capital Management Inc | 0 | $0 | 0.00% | −3,393−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −2,415−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −1,617−100.0% | Sold out |
| Mather Group, LLC. | 0 | $0 | 0.00% | −324−100.0% | Sold out |
| Private Trust Co NA | 0 | $0 | 0.00% | −322−100.0% | Sold out |
| Pacifica Partners Inc. | 0 | $0 | 0.00% | −245−100.0% | Sold out |
| GPS Wealth Strategies Group, LLC | 0 | $0 | 0.00% | −209−100.0% | Sold out |
| AdvisorNet Financial, Inc | 0 | $0 | 0.00% | −169−100.0% | Sold out |
| Foster Dykema Cabot & Partners, LLC | 0 | $0 | 0.00% | −158−100.0% | Sold out |
| JPL Wealth Management, LLC | 0 | $0 | 0.00% | −108−100.0% | Sold out |
| Salem Investment Counselors Inc | 0 | $0 | 0.00% | −100−100.0% | Sold out |
| Trust Co of Toledo NA | 0 | $0 | 0.00% | −51−100.0% | Sold out |
| Optiver Holding B.V. | 0 | $0 | 0.00% | −51−100.0% | Sold out |
| Tortoise Investment Management, LLC | 0 | $0 | 0.00% | −12−100.0% | Sold out |
| Smallwood Wealth Investment Management, LLC | 0 | $0 | 0.00% | −2−100.0% | Sold out |
| Main Street Group, LTD | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Jarislowsky, Fraser Ltd | – | – | – | – | Not filed |
| Burgundy Asset Management Ltd. | – | – | – | – | Not filed |
| AXA Investment Managers S.A. | – | – | – | – | Not filed |
| Galibier Capital Management Ltd. | – | – | – | – | Not filed |
| Point72 (DIFC) Ltd | – | – | – | – | Not filed |
| Wolverine Trading, LLC | – | – | – | – | Not filed |
| Moloney Securities Asset Management, LLC | – | – | – | – | Not filed |
| Wetherby Asset Management Inc | – | – | – | – | Not filed |
| Synovus Financial Corp | – | – | – | – | Not filed |