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 |
|---|---|---|---|---|---|
| British Columbia Investment Management Corp | 171,808 | $11.7M | 0.06% | −16,847−8.9% | Reduced |
| State of Tennessee, Treasury Department | 171,261 | $11.5M | 0.04% | −6,214−3.5% | Reduced |
| Price T Rowe Associates Inc | 161,222 | $11.0M | 0.00% | +11,573+7.7% | Added |
| American Century Companies Inc | 160,913 | $11.0M | 0.01% | +35,843+28.7% | Added |
| Cullen/Frost Bankers, Inc. | 159,816 | $10.9M | 0.12% | +17,652+12.4% | Added |
| Toroso Investments, LLC | 154,897 | $10.6M | 0.04% | +28,746+22.8% | Added |
| LPL Financial LLC | 152,119 | $10.4M | 0.00% | +7,259+5.0% | Added |
| BancorpSouth Bank | 152,079 | $10.4M | 0.61% | +1,442+1.0% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 148,717 | $10.2M | 0.02% | +11,113+8.1% | Added |
| Barclays PLC | 146,392 | $9.99M | 0.00% | −11,294−7.2% | Reduced |
| Alliancebernstein L.P. | 146,353 | $9.99M | 0.00% | +570+0.4% | Added |
| Verition Fund Management LLC | 138,707 | $9.46M | 0.05% | −1,792−1.3% | Reduced |
| Treasurer of the State of North Carolina | 135,566 | $9.25M | 0.03% | −9,904−6.8% | Reduced |
| Great West Life Assurance Co | 135,610 | $9.23M | 0.02% | −81,531−37.5% | Reduced |
| Citigroup Inc | 133,787 | $9.14M | 0.01% | −35,761−21.1% | Reduced |
| Russell Investments Group, Ltd. | 130,205 | $8.90M | 0.01% | +32,713+33.6% | Added |
| Pictet Asset Management Holding SA | 125,016 | $8.54M | 0.01% | +4,948+4.1% | Added |
| Jump Financial, LLC | 120,215 | $8.20M | 0.10% | +100,614+513.3% | Added |
| Mn Services Vermogensbeheer B.V. | 118,082 | $8.07M | 0.05% | +1,782+1.5% | Added |
| Public Employees Retirement System of Ohio | 117,801 | $8.04M | 0.03% | −3,347−2.8% | Reduced |
| State of Wisconsin Investment Board | 109,043 | $7.45M | 0.02% | +109,043 | New |
| Purpose Unlimited Inc. | 107,443 | $7.33M | 0.34% | +107,443 | New |
| Northwestern Mutual Wealth Management Co | 104,051 | $7.10M | 0.00% | +6,822+7.0% | Added |
| Northwest & Ethical Investments L.P. | 100,972 | $6.89M | 0.16% | −207−0.2% | Reduced |
| Commonwealth Equity Services, LLC | 93,836 | $6.40M | 0.01% | +38,401+69.3% | Added |
| AIA Group Ltd | 89,710 | $6.12M | 0.09% | −21,459−19.3% | Reduced |
| Franklin Resources Inc | 88,747 | $6.06M | 0.00% | +5,217+6.2% | Added |
| Teachers Retirement System of the State of Kentucky | 86,700 | $5.92M | 0.04% | 00.0% | Unchanged |
| Voya Investment Management LLC | 84,170 | $5.74M | 0.01% | +52,123+162.6% | Added |
| Qube Research & Technologies Ltd | 82,854 | $5.65M | 0.01% | +61,315+284.7% | Added |
| Bridgewater Associates, LP | 80,173 | $5.47M | 0.02% | −33,738−29.6% | Reduced |
| Gotham Asset Management, LLC | 78,474 | $5.35M | 0.02% | +45,007+134.5% | Added |
| Louisbourg Investments Inc. | 78,097 | $5.34M | 1.06% | −33,118−29.8% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 75,061 | $5.13M | 0.03% | +1,048+1.4% | Added |
| Quantinno Capital Management LP | 72,062 | $4.92M | 0.01% | +23,158+47.4% | Added |
| Forsta Ap-Fonden | 71,600 | $4.89M | 0.03% | −3,200−4.3% | Reduced |
| Quartz Partners, LLC | 70,810 | $4.83M | 1.80% | +8,683+14.0% | Added |
| Federated Hermes, Inc. | 68,789 | $4.69M | 0.01% | +9,817+16.6% | Added |
| Landscape Capital Management, L.L.C. | 66,603 | $4.54M | 0.30% | +5,911+9.7% | Added |
| Occudo Quantitative Strategies LP | 65,144 | $4.44M | 0.30% | +65,144 | New |
| Capricorn Fund Managers Ltd | 65,089 | $4.44M | 1.07% | −5,779−8.2% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 62,882 | $4.30M | 0.04% | +62,882 | New |
| AQR Capital Management LLC | 62,394 | $4.26M | 0.00% | +40,667+187.2% | Added |
| Creative Planning | 60,644 | $4.14M | 0.00% | +3,174+5.5% | Added |
| Earnest Partners LLC | 59,368 | $4.05M | 0.02% | −15,354−20.5% | Reduced |
| Capital Group Investment Management Pte. Ltd. | 58,966 | $4.02M | 0.65% | +12,039+25.7% | Added |
| Allspring Global Investments Holdings, LLC | 59,306 | $4.02M | 0.01% | +1,006+1.7% | Added |
| Asset Management One Co.,Ltd. | 57,512 | $3.97M | 0.01% | +194+0.3% | Added |
| Harvest Portfolios Group Inc. | 56,915 | $3.88M | 0.07% | +694+1.2% | Added |
| Stifel Financial Corp | 54,231 | $3.70M | 0.00% | +18,277+50.8% | Added |
| Partners Capital Investment Group, LLP | 53,939 | $3.68M | 0.14% | −9,939−15.6% | Reduced |
| Arkadios Wealth Advisors | 53,732 | $3.67M | 0.07% | +5,677+11.8% | Added |
| Cetera Investment Advisers | 53,672 | $3.66M | 0.00% | +4,342+8.8% | Added |
| Nichols & Pratt Advisers LLP | 53,634 | $3.66M | 0.23% | +10,465+24.2% | Added |
| Boothbay Fund Management, LLC | 53,531 | $3.65M | 0.10% | +53,531 | New |
| Utah Retirement Systems | 53,395 | $3.65M | 0.03% | 00.0% | Unchanged |
| Natixis Advisors, L.P. | 52,868 | $3.61M | 0.01% | +6,667+14.4% | Added |
| SEI Investments Co | 52,564 | $3.59M | 0.00% | +274+0.5% | Added |
| Cary Street Partners Financial LLC | 52,413 | $3.58M | 0.09% | +45+0.1% | Added |
| DekaBank Deutsche Girozentrale | 42,344 | $3.47M | 0.01% | 00.0% | Unchanged |
| Public Sector Pension Investment Board | 50,007 | $3.41M | 0.01% | −29,574−37.2% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 49,580 | $3.38M | 0.03% | −2,628−5.0% | Reduced |
| Inkwell Capital LLC | 49,315 | $3.36M | 3.42% | −719−1.4% | Reduced |
| Machina Capital S.A.S. | 48,590 | $3.32M | 0.63% | +29,659+156.7% | Added |
| Alta Capital Management LLC | 47,423 | $3.24M | 0.22% | −107,433−69.4% | Reduced |
| Freestone Grove Partners LP | 46,756 | $3.19M | 0.02% | −60,359−56.3% | Reduced |
| Natixis | 45,564 | $3.11M | 0.01% | +44,113+3,040.2% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 42,983 | $2.93M | 0.01% | −1,259−2.8% | Reduced |
| Founders Capital Management, LLC | 41,816 | $2.85M | 0.42% | 00.0% | Unchanged |
| Schonfeld Strategic Advisors LLC | 41,198 | $2.81M | 0.01% | +41,198 | New |
| Investment Management Corp of Ontario | 40,217 | $2.74M | 0.04% | +27,979+228.6% | Added |
| Warren Averett Asset Management, LLC | 39,954 | $2.73M | 0.02% | +4,322+12.1% | Added |
| Range Rock Capital, LLC | 37,613 | $2.57M | 0.89% | +37,613 | New |
| Primecap Management Co | 37,600 | $2.57M | 0.00% | 00.0% | Unchanged |
| Dynamic Technology Lab Private Ltd | 37,367 | $2.55M | 0.58% | +37,367 | New |
| Iridian Asset Management LLC | 36,710 | $2.50M | 0.92% | −10,679−22.5% | Reduced |
| Xponance, Inc. | 36,577 | $2.50M | 0.02% | +1,208+3.4% | Added |
| Wiley Bros.-Aintree Capital, LLC | 36,228 | $2.47M | 0.01% | +4,113+12.8% | Added |
| Assetmark, Inc | 35,224 | $2.40M | 0.00% | +3,755+11.9% | Added |
| Oppenheimer & Co Inc | 35,205 | $2.40M | 0.03% | +681+2.0% | Added |
| Wellington Management Group LLP | 34,276 | $2.34M | 0.00% | +10,723+45.5% | Added |
| Truist Financial Corp | 34,096 | $2.33M | 0.00% | −460−1.3% | Reduced |
| Great Lakes Retirement, Inc. | 32,280 | $2.22M | 0.23% | +32,280 | New |
| Commerce Bank | 32,564 | $2.22M | 0.01% | −12,028−27.0% | Reduced |
| Donoghue Forlines LLC | 32,389 | $2.21M | 0.68% | +32,389 | New |
| Entropy Technologies, LP | 31,872 | $2.17M | 0.12% | +31,872 | New |
| Skye Global Management LP | 31,815 | $2.17M | 0.04% | −94,185−74.8% | Reduced |
| Brinker Capital Investments, LLC | 30,401 | $2.07M | 0.02% | −8,097−21.0% | Reduced |
| 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 |
| Avanza Fonder AB | 21,589 | $2.02M | 0.05% | 00.0% | Unchanged |
| Boston Partners | 29,564 | $2.02M | 0.00% | +8,543+40.6% | Added |
| USS Investment Management Ltd | 28,149 | $1.93M | 0.01% | 00.0% | Unchanged |
| Empowered Funds, LLC | 28,115 | $1.92M | 0.03% | +17,146+156.3% | Added |
| Lebenthal Global Advisors, LLC | 27,831 | $1.90M | 0.29% | +15,096+118.5% | Added |
| CI Private Wealth, LLC | 26,792 | $1.83M | 0.00% | +12,951+93.6% | Added |
| Gateway Investment Advisers LLC | 25,802 | $1.76M | 0.02% | −5,397−17.3% | Reduced |
| M&T Bank Corp | 25,739 | $1.76M | 0.01% | +1,409+5.8% | Added |
| Credit Agricole S A | 25,066 | $1.71M | 0.00% | +20,652+467.9% | Added |
| Callahan Advisors, LLC | 25,030 | $1.71M | 0.14% | 00.0% | Unchanged |