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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
Pflug Koory, LLC716$48.9K0.02%00.0%Unchanged
Vision Retirement, LLC655$44.7K0.01%+655New
Bartlett & Co. Wealth Management LLC635$43.7K0.00%00.0%Unchanged
Umb Bank N A639$43.6K0.00%+214+50.4%Added
HM Payson & Co618$42.2K0.00%00.0%Unchanged
Parkside Financial Bank & Trust613$41.8K0.00%+33+5.7%Added
Bogart Wealth, LLC613$41.8K0.00%−187−23.4%Reduced
Ronald Blue Trust, Inc.543$37.0K0.00%00.0%Unchanged
Smartleaf Asset Management LLC535$36.8K0.00%−1−0.2%Reduced
Cary Street Partner Investment Advisory LLC526$35.9K0.01%+26+5.2%Added
SBI Securities Co., Ltd.525$35.8K0.00%+22+4.4%Added
Wellington-Altus USA Inc.515$35.1K0.03%+515New
City State Bank490$33.4K0.01%00.0%Unchanged
Hazlett, Burt & Watson, Inc.480$33.0K0.01%00.0%Unchanged
Valley National Advisers Inc495$33.0K0.00%00.0%Unchanged
Steigerwald, Gordon & Koch Inc.450$30.7K0.00%00.0%Unchanged
Loring Wolcott & Coolidge Fiduciary Advisors LLP432$29.2K0.00%+432New
Bessemer Group Inc411$28.0K0.00%+154+59.9%Added
Wealth Watch Advisors, INC397$27.1K0.01%+83+26.4%Added
Brown Brothers Harriman & Co386$26.3K0.00%+59+18.0%Added
Towarzystwo Funduszy Inwestycyjnych Pzu SA380$26.0K0.01%00.0%Unchanged
SRS Capital Advisors, Inc.378$25.8K0.00%−26−6.4%Reduced
Larson Financial Group LLC364$24.8K0.00%+346+1,922.2%Added
Lloyd Advisory Services, LLC.364$24.8K0.01%+364New
Pinnacle Bancorp, Inc.357$24.4K0.01%00.0%Unchanged
Measured Wealth Private Client Group, LLC350$23.9K0.01%00.0%Unchanged
Hartford Financial Management Inc.347$23.7K0.01%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.308$21.0K0.00%+308New
Farmers & Merchants Investments Inc261$17.8K0.00%00.0%Unchanged
Align Financial, LLC14,738$14.7K0.01%+14,738New
Fifth Third Bancorp209$14.3K0.00%−99−32.1%Reduced
Zions Bancorporation, National Association181$12.3K0.00%+181New
Harbour Investments, Inc.179$12.2K0.00%−37−17.1%Reduced
Sound Income Strategies, LLC177$12.1K0.00%00.0%Unchanged
Wealth Enhancement Trust Services, Inc.177$12.1K0.00%+177New
Mechanics Financial Corp174$11.9K0.00%00.0%Unchanged
City Holding Co163$11.1K0.00%+163New
MidAtlantic Capital Management, Inc.155$10.6K0.01%+155New
Wealth Preservation Advisors, LLC149$10.2K0.01%−4−2.6%Reduced
Quarry LP147$10.0K0.00%−6,284−97.7%Reduced
Quest 10 Wealth Builders, Inc.145$9.89K0.01%+6+4.3%Added
Atlantic Trust, LLC128$8.73K0.00%+90+236.8%Added
Indiana Trust & Investment Management CO127$8.66K0.00%00.0%Unchanged
Golden State Wealth Management, LLC123$8.44K0.00%00.0%Unchanged
Clearstead Advisors, LLC123$8.39K0.00%+12+10.8%Added
POM Investment Strategies, LLC117$7.98K0.00%+117New
Westside Investment Management, Inc.116$7.87K0.00%00.0%Unchanged
CoreCap Advisors, LLC113$7.71K0.00%00.0%Unchanged
McMillan Office, Inc.110$7.50K0.00%+110New
Financial Management Professionals, Inc.108$7.44K0.00%00.0%Unchanged
Creative Financial Designs Inc108$7.37K0.00%00.0%Unchanged
Harbor Investment Advisory, LLC108$7.37K0.00%00.0%Unchanged
Spire Wealth Management100$6.82K0.00%−5−4.8%Reduced
Cedar Mountain Advisors, LLC96$6.55K0.00%00.0%Unchanged
Kemnay Advisory Services Inc.95$6.48K0.00%+95New
GoalVest Advisory LLC95$6.48K0.00%+95New
Meeder Asset Management Inc94$6.41K0.00%+94New
Rothschild Investment LLC87$5.94K0.00%+66+314.3%Added
First Command Advisory Services, Inc.83$5.66K0.00%+83New
Navalign, LLC83$5.66K0.00%+83New
JFS Wealth Advisors, LLC77$5.25K0.00%+4+5.5%Added
NBT Bank N A68$5.18K0.00%+4+6.3%Added
Quent Capital, LLC76$5.18K0.00%+22+40.7%Added
First Community Trust NA75$5.12K0.00%00.0%Unchanged
Essential Partners LLC74$5.05K0.00%+52+236.4%Added
Cornerstone Planning Group LLC73$4.92K0.00%+63+630.0%Added
Entrust Financial LLC62$4.23K0.00%+62New
Exchange Traded Concepts, LLC60$4.09K0.00%−691−92.0%Reduced
TSFG, LLC61$4.00K0.00%00.0%Unchanged
Bangor Savings Bank56$3.82K0.00%+56New
Nalls Sherbakoff Group, LLC54$3.68K0.00%00.0%Unchanged
Bell Investment Advisors, Inc53$3.62K0.00%00.0%Unchanged
Walleye Capital LLC52$3.55K0.00%−7,948−99.4%Reduced
Gold Investment Management Ltd.49$3.34K0.00%00.0%Unchanged
Ares Financial Consulting, LLC48$3.30K0.00%+48New
Cape Investment Advisory, Inc.48$3.27K0.00%+1+2.1%Added
True Wealth Design, LLC45$3.07K0.00%+6+15.4%Added
CX Institutional50$3.00K0.00%00.0%Unchanged
Hughes Financial Services, LLC41$2.80K0.00%+4+10.8%Added
Financial Consulate, Inc32$2.18K0.00%+32New
Rossby Financial, LCC27$1.84K0.00%+3+12.5%Added
Cornerstone Financial Management LLC24$1.64K0.00%+24New
Asset Dedication, LLC23$1.57K0.00%00.0%Unchanged
Millstone Evans Group, LLC18$1.23K0.00%00.0%Unchanged
McGuire Capital Advisors Inc18$1.23K0.00%+18New
Ancora Advisors, LLC17$1.16K0.00%+17New
MV Capital Management, Inc.15$1.02K0.00%+5+50.0%Added
SageView Advisory Group, LLC15$1.02K0.00%+15New
Penserra Capital Management LLC21$1.00K0.00%00.0%Unchanged
Motiv8 Investments LLC18$1.00K0.00%+18New
Sunbelt Securities, Inc.14$9550.00%+11+366.7%Added
United Financial Planning Group LLC14$9550.00%+14New
Raffa Wealth Management, LLC11$7510.00%00.0%Unchanged
St Germain D J Co Inc10$6820.00%00.0%Unchanged
Trust Co10$6820.00%+10New
UMA Financial Services, Inc.8$5750.00%00.0%Unchanged
Turning Point Benefit Group, Inc.6$4090.00%00.0%Unchanged
IAG Wealth Partners, LLC6$4090.00%00.0%Unchanged
Activest Wealth Management6$4090.00%+6New
South State Corp.5$3420.00%00.0%Unchanged