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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
Aviso Financial Inc.990,535$73.2M2.60%−10,015−1.0%Reduced
Public Sector Pension Investment Board1,006,381$74.5M0.23%+956,374+1,912.5%Added
Charles Schwab Investment Management Inc1,049,343$77.4M0.01%+89,345+9.3%Added
Bank of New York Mellon Corp1,065,880$78.8M0.01%+64,670+6.5%Added
Bank of Nova Scotia1,095,285$81.0M0.14%+270,816+32.8%Added
Manufacturers Life Insurance Company, The1,102,497$81.5M0.07%−78,720−6.7%Reduced
Cullen Capital Management LLC1,105,654$81.7M0.84%+1,105,654New
Swiss National Bank1,107,530$81.8M0.05%+282,100+34.2%Added
Connor, Clark & Lunn Investment Management Ltd.1,153,250$85.4M0.20%+583,112+102.3%Added
CIBC Asset Management Inc1,283,774$95.2M0.23%−33,424−2.5%Reduced
Scotia Capital Inc.1,320,532$96.7M0.40%−136,945−9.4%Reduced
Dimensional Fund Advisors LP1,372,903$101.5M0.02%+108,473+8.6%Added
UBS Group AG1,500,473$110.9M0.02%+91,634+6.5%Added
Corvex Management LP1,578,254$116.6M4.64%−830,489−34.5%Reduced
JPMorgan Chase & Co1,659,396$122.4M0.01%+188,623+12.8%Added
Mackenzie Financial Corp1,670,001$123.6M0.15%−148,753−8.2%Reduced
Legal & General Group Plc1,725,304$127.3M0.03%+31,793+1.9%Added
Toronto Dominion Bank1,766,273$130.7M0.25%−1,541,311−46.6%Reduced
London Co of Virginia2,002,235$148.0M0.91%+2,002,235New
Citadel Advisors LLC2,077,208$153.5M0.11%+888,962+74.8%Added
TD Waterhouse Canada Inc.2,361,339$173.5M0.51%+1,387,138+142.4%Added
Vanguard Global Advisers, LLC2,398,167$177.5M0.10%+2,398,167New
Capital Research Global Investors2,508,986$185.4M0.03%+468,861+23.0%Added
Canada Pension Plan Investment Board2,940,378$217.6M0.14%+190,000+6.9%Added
Vanguard Fiduciary Trust Co3,068,611$227.1M0.06%+3,068,611New
Canoe Financial LP3,348,043$247.7M3.38%+858,490+34.5%Added
FIL Ltd3,504,680$259.3M0.20%−925,355−20.9%Reduced
National Bank of Canada3,553,001$259.8M0.27%−279,183−7.3%Reduced
State Street Corp3,514,684$261.8M0.01%+359,572+11.4%Added
Invesco Ltd.3,543,002$261.8M0.03%+73,023+2.1%Added
1832 Asset Management L.P.3,585,870$265.0M0.35%−232,076−6.1%Reduced
Davis Selected Advisers3,599,127$266.0M1.22%−421,664−10.5%Reduced
Platinum Paramount Investment Ltd.4,118,904$304.4M44.16%00.0%Unchanged
Bank of America Corp4,932,662$364.5M0.03%+2,910,454+143.9%Added
Beutel, Goodman & Co Ltd.5,098,410$376.1M2.55%−449,610−8.1%Reduced
TD Asset Management Inc5,638,563$415.9M0.34%+93,783+1.7%Added
Geode Capital Management, LLC5,549,070$420.1M0.03%+332,085+6.4%Added
Fiera Capital Corp6,692,221$494.4M1.69%−143,301−2.1%Reduced
CIBC World Markets Inc.6,760,192$499.6M0.88%+3,070,486+83.2%Added
Goldman Sachs Group Inc7,113,439$525.7M0.07%+4,590,048+181.9%Added
Morgan Stanley7,321,602$541.1M0.03%−1,107,519−13.1%Reduced
BlackRock, Inc.7,989,508$590.4M0.01%+467,128+6.2%Added
Baupost Group LLCSuperinvestorBaupost Group8,080,112$597.2M11.67%00.0%Unchanged
FMR LLC8,257,855$611.0M0.03%+315,871+4.0%Added
Bank of Montreal9,011,952$667.0M0.28%−6,207,995−40.8%Reduced
Vanguard Capital Management LLC10,311,116$763.0M0.02%+10,311,116New
Royal Bank of Canada18,386,132$1.36B0.26%−158,595−0.9%Reduced
EdgePoint Investment Group Inc.19,348,137$1.43B11.48%+2,703,134+16.2%Added
Pershing Square Capital Management, L.P.22,645,483$1.67B12.20%−221,290−1.0%Reduced
Capital World Investors42,858,035$3.17B0.43%−667,535−1.5%Reduced
Meritage Group LP0$00.00%−3,200,731−100.0%Sold out
Hook Mill Capital Partners, LP0$00.00%−222,958−100.0%Sold out
Trexquant Investment LP0$00.00%−189,069−100.0%Sold out
Jump Financial, LLC0$00.00%−120,215−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−53,531−100.0%Sold out
Freestone Grove Partners LP0$00.00%−46,756−100.0%Sold out
Skandinaviska Enskilda Banken AB (publ)0$00.00%−42,983−100.0%Sold out
Range Rock Capital, LLC0$00.00%−37,613−100.0%Sold out
Entropy Technologies, LP0$00.00%−31,872−100.0%Sold out
Skye Global Management LP0$00.00%−31,815−100.0%Sold out
Maven Securities LTD0$00.00%−30,000−100.0%Sold out
Timelo Investment Management Inc.0$00.00%−30,000−100.0%Sold out
Qsemble Capital Management, LP0$00.00%−24,054−100.0%Sold out
Arrowstreet Capital, Limited Partnership0$00.00%−21,750−100.0%Sold out
Kentucky Retirement Systems0$00.00%−20,313−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−19,701−100.0%Sold out
Fox Run Management, L.L.C.0$00.00%−19,448−100.0%Sold out
Capula Management Ltd0$00.00%−18,794−100.0%Sold out
Aigen Investment Management, LP0$00.00%−9,384−100.0%Sold out
XTX Topco Ltd0$00.00%−8,819−100.0%Sold out
Jain Global LLC0$00.00%−8,246−100.0%Sold out
Roundview Capital LLC0$00.00%−7,816−100.0%Sold out
Winton Group Ltd0$00.00%−5,200−100.0%Sold out
Foundations Investment Advisors, LLC0$00.00%−5,169−100.0%Sold out
Stone Wealth Partners0$00.00%−5,068−100.0%Sold out
AlphaGrep UK Ltd0$00.00%−4,823−100.0%Sold out
Abc Arbitrage SA0$00.00%−4,344−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−3,520−100.0%Sold out
Consolidated Capital Management, LLC0$00.00%−3,420−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−1,900−100.0%Sold out
HSBC Holdings PLC0$00.00%−1,211−100.0%Sold out
DV Trading LLC0$00.00%−1,000−100.0%Sold out
Westerkirk Capital Inc.0$00.00%−890−100.0%Sold out
Parallax Volatility Advisers, L.P.0$00.00%−780−100.0%Sold out
Wealth Watch Advisors, INC0$00.00%−397−100.0%Sold out
Lloyd Advisory Services, LLC.0$00.00%−364−100.0%Sold out
MidAtlantic Capital Management, Inc.0$00.00%−155−100.0%Sold out
Wealth Preservation Advisors, LLC0$00.00%−149−100.0%Sold out
Quarry LP0$00.00%−147−100.0%Sold out
POM Investment Strategies, LLC0$00.00%−117−100.0%Sold out
GoalVest Advisory LLC0$00.00%−95−100.0%Sold out
Navalign, LLC0$00.00%−83−100.0%Sold out
Exchange Traded Concepts, LLC0$00.00%−60−100.0%Sold out
Bangor Savings Bank0$00.00%−56−100.0%Sold out
Cape Investment Advisory, Inc.0$00.00%−48−100.0%Sold out
Cornerstone Financial Management LLC0$00.00%−24−100.0%Sold out
McGuire Capital Advisors Inc0$00.00%−18−100.0%Sold out
United Financial Planning Group LLC0$00.00%−14−100.0%Sold out
Activest Wealth Management0$00.00%−6−100.0%Sold out
Turning Point Benefit Group, Inc.0$00.00%−6−100.0%Sold out