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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, Q1 2026

Institutional positions in Restaurant Brands International Inc. as of Mar 31, 2026. 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
550
+51 vs. Q4 2025
Shares held
302.4M
+28.6M (+10.5%) vs. Q4 2025
Total value
$22.4B
+$3.66B (+19.6%) vs. Q4 2025
New holders
103
234 more added
Sold out
52
134 more reduced

7 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 550 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 heldQ1 2026: $22.4B
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, Q1 2026

Shares, value and share of portfolio for each institution holding Restaurant Brands International Inc.; share changes are against Q4 2025.

Institutions holding QSR in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
D. E. Shaw & Co., Inc.84,600$6.26M0.00%−202,360−70.5%Reduced
Teachers Retirement System of the State of Kentucky86,700$6.41M0.05%00.0%Unchanged
SG Americas Securities, LLC88,563$6.54M0.01%+83,279+1,576.1%Added
AIA Group Ltd89,710$6.63M0.10%00.0%Unchanged
Voya Investment Management LLC90,381$6.68M0.01%+6,211+7.4%Added
Northwestern Mutual Wealth Management Co96,521$7.13M0.00%−7,530−7.2%Reduced
Northwest & Ethical Investments L.P.102,440$7.61M0.18%+1,468+1.5%Added
State of Wisconsin Investment Board103,743$7.65M0.02%−5,300−4.9%Reduced
Purpose Unlimited Inc.104,350$7.70M0.32%−3,093−2.9%Reduced
Bridgewater Associates, LP104,956$7.76M0.03%+24,783+30.9%Added
Commonwealth Equity Services, LLC105,142$7.77M0.01%+11,306+12.0%Added
SEI Investments Co108,857$8.04M0.01%+56,293+107.1%Added
Oppenheimer Asset Management Inc.113,100$8.36M0.10%+109,697+3,223.5%Added
River Road Asset Management, LLC117,179$8.66M0.10%−746,391−86.4%Reduced
Mn Services Vermogensbeheer B.V.118,082$8.71M0.06%00.0%Unchanged
Public Employees Retirement System of Ohio120,452$8.90M0.03%+2,651+2.3%Added
Healthcare of Ontario Pension Plan Trust Fund123,600$9.14M0.02%+123,600New
Pictet Asset Management Holding SA124,628$9.19M0.01%−388−0.3%Reduced
Millennium Management LLC125,511$9.28M0.01%−367,957−74.6%Reduced
Picton Mahoney Asset Management125,696$9.30M0.10%+108,198+618.3%Added
Gotham Asset Management, LLC126,018$9.31M0.03%+47,544+60.6%Added
Hudson Bay Capital Management LP126,416$9.34M0.06%+126,416New
Citigroup Inc127,224$9.38M0.01%−6,563−4.9%Reduced
Quantinno Capital Management LP128,605$9.50M0.02%+56,543+78.5%Added
Great West Life Assurance Co136,691$10.0M0.02%+1,081+0.8%Added
Sienna Gestion135,100$10.1M0.66%+135,100New
Franklin Resources Inc136,298$10.1M0.00%+47,551+53.6%Added
Alliancebernstein L.P.148,799$10.2M0.00%+2,446+1.7%Added
Occudo Quantitative Strategies LP131,949$10.6M0.58%+66,805+102.5%Added
Treasurer of the State of North Carolina146,039$10.8M0.03%+10,473+7.7%Added
Night Squared LP146,464$10.8M1.59%+146,464New
Janney Montgomery Scott LLC150,190$11.1M0.03%+129,415+622.9%Added
Huntington National Bank150,935$11.2M0.06%+150,123+18,488.1%Added
Zurcher Kantonalbank (Zurich Cantonalbank)161,483$11.9M0.03%+12,766+8.6%Added
Vanguard Investments Australia, Ltd.164,085$12.1M0.04%+164,085New
Squarepoint Ops LLC166,671$12.3M0.03%−403,046−70.7%Reduced
Russell Investments Group, Ltd.168,384$12.4M0.01%+38,179+29.3%Added
Soroban Capital Partners LP172,015$12.7M0.09%−127,985−42.7%Reduced
Seven Grand Managers, LLC175,000$12.9M0.86%−175,000−50.0%Reduced
UBS Asset Management Americas Inc179,208$13.2M0.00%+168,271+1,538.5%Added
State of Tennessee, Treasury Department181,901$13.4M0.05%+10,640+6.2%Added
First Manhattan Co181,098$13.5M0.04%−1,228−0.7%Reduced
American Century Companies Inc183,390$13.6M0.01%+22,477+14.0%Added
Korea Investment CORP185,118$13.7M0.03%−11,997−6.1%Reduced
Price T Rowe Associates Inc189,926$14.0M0.00%+28,704+17.8%Added
LPL Financial LLC195,012$14.4M0.00%+42,893+28.2%Added
Cullen/Frost Bankers, Inc.198,014$14.6M0.17%+38,198+23.9%Added
Toroso Investments, LLC210,106$15.5M0.05%+55,209+35.6%Added
New York State Common Retirement Fund219,200$16.2M0.02%+23,100+11.8%Added
State Board of Administration of Florida Retirement System219,711$16.2M0.03%+27,824+14.5%Added
Ameriprise Financial Inc235,319$17.6M0.00%+32,007+15.7%Added
Point72 Asset Management, L.P.246,090$18.2M0.03%+246,090New
Aviva PLC256,702$18.9M0.03%+8,048+3.2%Added
Dana Investment Advisors, Inc.273,780$20.2M0.60%−947−0.3%Reduced
British Columbia Investment Management Corp293,650$21.7M0.13%+121,842+70.9%Added
Capital International Inc294,896$21.8M0.17%+55,677+23.3%Added
Barclays PLC297,569$22.0M0.01%+151,177+103.3%Added
Wealth Enhancement Advisory Services, LLC294,561$22.3M0.05%+31,796+12.1%Added
Spears Abacus Advisors LLC306,831$22.7M0.44%+8,062+2.7%Added
Man Group plc307,326$22.7M0.05%−54,586−15.1%Reduced
Van Eck Associates Corp308,785$22.8M0.02%+85,219+38.1%Added
Rhumbline Advisers326,166$24.1M0.02%+22,141+7.3%Added
Bank of Nova Scotia Trust Co328,439$24.3M2.08%+299+0.1%Added
Rockefeller Capital Management L.P.340,625$25.2M0.04%+14,721+4.5%Added
Baskin Financial Services Inc.341,152$25.2M2.07%−8,939−2.6%Reduced
Scheer, Rowlett & Associates Investment Management Ltd.359,229$26.6M1.91%−14,333−3.8%Reduced
Capital International Ltd370,702$27.4M1.02%+82,499+28.6%Added
Woodline Partners LP378,893$28.0M0.11%−27,594−6.8%Reduced
MIC Capital Management UK LLP386,203$28.5M8.10%00.0%Unchanged
Hillsdale Investment Management Inc.393,580$29.1M0.79%+17,433+4.6%Added
Federation des caisses Desjardins du Quebec415,381$30.3M0.11%−22,186−5.1%Reduced
AustralianSuper Pty Ltd418,755$31.0M0.16%+418,755New
Amundi428,535$31.7M0.01%+74,377+21.0%Added
Janus Henderson Group PLC431,417$31.9M0.02%+549+0.1%Added
Addenda Capital Inc.310,216$32.2M0.91%−7,986−2.5%Reduced
Duquesne Family Office LLCSuperinvestorDuquesne Family Office454,435$33.6M1.14%−754,565−62.4%Reduced
Lincluden Management Ltd453,400$34.1M3.63%−13,754−2.9%Reduced
Wells Fargo & Company461,798$34.1M0.01%+109,292+31.0%Added
Capitolis Liquid Global Markets LLC474,200$35.0M0.22%+474,200New
Vanguard Portfolio Management LLC513,347$37.9M0.00%+513,347New
MUFG Securities (Canada), Ltd.513,703$37.9M1.09%+14,569+2.9%Added
Omers Administration Corp550,000$40.6M0.26%+550,000New
Deutsche Bank AG550,078$40.7M0.01%+50,189+10.0%Added
Continental Grain Co559,178$41.3M11.30%00.0%Unchanged
GW&K Investment Management, LLC578,531$42.8M0.38%−9,481−1.6%Reduced
Federated Hermes, Inc.604,681$44.7M0.07%+535,892+779.0%Added
Raymond James Financial Inc628,834$46.5M0.01%+102,186+19.4%Added
Intact Investment Management Inc.648,661$48.0M1.37%+144,400+28.6%Added
Capital International Sarl650,735$48.1M0.79%+179,058+38.0%Added
Letko, Brosseau & Associates Inc669,617$49.4M0.80%+65,425+10.8%Added
Vanguard Asset Management, Ltd684,106$50.6M0.04%+684,106New
Cidel Asset Management Inc693,116$51.1M2.79%+306,555+79.3%Added
Caisse de Depot Et Placement du Quebec739,937$54.6M0.09%+739,937New
BNP PARIBAS ASSET MANAGEMENT Holding S.A.752,789$55.7M0.06%+142,796+23.4%Added
Nuveen, LLC765,447$56.5M0.02%+70,745+10.2%Added
Epoch Investment Partners, Inc.833,338$61.6M0.37%−13,625−1.6%Reduced
Alberta Investment Management Corp881,080$65.2M0.40%+14,980+1.7%Added
Envestnet Asset Management Inc907,372$67.1M0.02%+439,216+93.8%Added
Northern Trust Corp967,981$71.5M0.01%+22,481+2.4%Added
Guardian Capital LP979,526$72.3M1.91%+97,613+11.1%Added