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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
State Board of Administration of Florida Retirement System219,711$16.2M0.03%+27,824+14.5%Added
New York State Common Retirement Fund219,200$16.2M0.02%+23,100+11.8%Added
Toroso Investments, LLC210,106$15.5M0.05%+55,209+35.6%Added
Cullen/Frost Bankers, Inc.198,014$14.6M0.17%+38,198+23.9%Added
LPL Financial LLC195,012$14.4M0.00%+42,893+28.2%Added
Price T Rowe Associates Inc189,926$14.0M0.00%+28,704+17.8%Added
Korea Investment CORP185,118$13.7M0.03%−11,997−6.1%Reduced
American Century Companies Inc183,390$13.6M0.01%+22,477+14.0%Added
First Manhattan Co181,098$13.5M0.04%−1,228−0.7%Reduced
State of Tennessee, Treasury Department181,901$13.4M0.05%+10,640+6.2%Added
UBS Asset Management Americas Inc179,208$13.2M0.00%+168,271+1,538.5%Added
Seven Grand Managers, LLC175,000$12.9M0.86%−175,000−50.0%Reduced
Soroban Capital Partners LP172,015$12.7M0.09%−127,985−42.7%Reduced
Russell Investments Group, Ltd.168,384$12.4M0.01%+38,179+29.3%Added
Squarepoint Ops LLC166,671$12.3M0.03%−403,046−70.7%Reduced
Vanguard Investments Australia, Ltd.164,085$12.1M0.04%+164,085New
Zurcher Kantonalbank (Zurich Cantonalbank)161,483$11.9M0.03%+12,766+8.6%Added
Huntington National Bank150,935$11.2M0.06%+150,123+18,488.1%Added
Janney Montgomery Scott LLC150,190$11.1M0.03%+129,415+622.9%Added
Night Squared LP146,464$10.8M1.59%+146,464New
Treasurer of the State of North Carolina146,039$10.8M0.03%+10,473+7.7%Added
Occudo Quantitative Strategies LP131,949$10.6M0.58%+66,805+102.5%Added
Alliancebernstein L.P.148,799$10.2M0.00%+2,446+1.7%Added
Franklin Resources Inc136,298$10.1M0.00%+47,551+53.6%Added
Sienna Gestion135,100$10.1M0.66%+135,100New
Great West Life Assurance Co136,691$10.0M0.02%+1,081+0.8%Added
Quantinno Capital Management LP128,605$9.50M0.02%+56,543+78.5%Added
Citigroup Inc127,224$9.38M0.01%−6,563−4.9%Reduced
Hudson Bay Capital Management LP126,416$9.34M0.06%+126,416New
Gotham Asset Management, LLC126,018$9.31M0.03%+47,544+60.6%Added
Picton Mahoney Asset Management125,696$9.30M0.10%+108,198+618.3%Added
Millennium Management LLC125,511$9.28M0.01%−367,957−74.6%Reduced
Pictet Asset Management Holding SA124,628$9.19M0.01%−388−0.3%Reduced
Healthcare of Ontario Pension Plan Trust Fund123,600$9.14M0.02%+123,600New
Public Employees Retirement System of Ohio120,452$8.90M0.03%+2,651+2.3%Added
Mn Services Vermogensbeheer B.V.118,082$8.71M0.06%00.0%Unchanged
River Road Asset Management, LLC117,179$8.66M0.10%−746,391−86.4%Reduced
Oppenheimer Asset Management Inc.113,100$8.36M0.10%+109,697+3,223.5%Added
SEI Investments Co108,857$8.04M0.01%+56,293+107.1%Added
Commonwealth Equity Services, LLC105,142$7.77M0.01%+11,306+12.0%Added
Bridgewater Associates, LP104,956$7.76M0.03%+24,783+30.9%Added
Purpose Unlimited Inc.104,350$7.70M0.32%−3,093−2.9%Reduced
State of Wisconsin Investment Board103,743$7.65M0.02%−5,300−4.9%Reduced
Northwest & Ethical Investments L.P.102,440$7.61M0.18%+1,468+1.5%Added
Northwestern Mutual Wealth Management Co96,521$7.13M0.00%−7,530−7.2%Reduced
Voya Investment Management LLC90,381$6.68M0.01%+6,211+7.4%Added
AIA Group Ltd89,710$6.63M0.10%00.0%Unchanged
SG Americas Securities, LLC88,563$6.54M0.01%+83,279+1,576.1%Added
Teachers Retirement System of the State of Kentucky86,700$6.41M0.05%00.0%Unchanged
D. E. Shaw & Co., Inc.84,600$6.26M0.00%−202,360−70.5%Reduced
Stifel Financial Corp81,926$6.05M0.01%+27,695+51.1%Added
Capital Group Investment Management Pte. Ltd.78,994$5.84M1.00%+20,028+34.0%Added
Quartz Partners, LLC76,304$5.64M2.18%+5,494+7.8%Added
Lansforsakringar Fondforvaltning AB (publ)75,362$5.56M0.03%+301+0.4%Added
Natixis Advisors, L.P.69,943$5.17M0.01%+17,075+32.3%Added
Asset Management One Co.,Ltd.69,866$5.16M0.02%+12,354+21.5%Added
Cetera Investment Advisers67,508$4.99M0.01%+13,836+25.8%Added
Capricorn Fund Managers Ltd65,089$4.81M0.75%00.0%Unchanged
Verition Fund Management LLC63,684$4.71M0.05%−75,023−54.1%Reduced
Allspring Global Investments Holdings, LLC59,523$4.47M0.01%+217+0.4%Added
Creative Planning60,136$4.44M0.00%−508−0.8%Reduced
Louisbourg Investments Inc.60,059$4.44M0.84%−18,038−23.1%Reduced
Harvest Portfolios Group Inc.59,368$4.39M0.07%+2,453+4.3%Added
Cary Street Partners Financial LLC55,724$4.12M0.10%+3,311+6.3%Added
Utah Retirement Systems55,459$4.09M0.04%+2,064+3.9%Added
PensionDanmark Pensionsforsikringsaktieselskab55,162$4.07M0.04%−7,720−12.3%Reduced
Nichols & Pratt Advisers LLP54,754$4.05M0.26%+1,120+2.1%Added
Arkadios Wealth Advisors54,726$4.04M0.07%+994+1.8%Added
Partners Group Holding AG53,709$3.97M0.29%+29,064+117.9%Added
Police & Firemen's Retirement System of New Jersey52,873$3.91M0.03%+3,293+6.6%Added
Brinker Capital Investments, LLC52,312$3.87M0.03%+21,911+72.1%Added
HRT Financial LP51,775$3.83M0.01%+51,775New
Investment Management Corp of Ontario49,317$3.64M0.05%+9,100+22.6%Added
Partners Capital Investment Group, LLP48,294$3.57M0.13%−5,645−10.5%Reduced
Truist Financial Corp47,778$3.53M0.00%+13,682+40.1%Added
Landscape Capital Management, L.L.C.47,544$3.51M0.22%−19,059−28.6%Reduced
Warren Averett Asset Management, LLC46,391$3.43M0.03%+6,437+16.1%Added
Inkwell Capital LLC46,119$3.41M3.47%−3,196−6.5%Reduced
Xponance, Inc.45,484$3.36M0.02%+8,907+24.4%Added
SEB Asset Management AB44,654$3.29M0.01%+44,654New
Alta Capital Management LLC43,979$3.25M0.25%−3,444−7.3%Reduced
First Trust Advisors LP43,870$3.24M0.00%+25,896+144.1%Added
Sanctuary Advisors, LLC43,573$3.22M0.02%+39,054+864.2%Added
DekaBank Deutsche Girozentrale42,344$3.18M0.01%00.0%Unchanged
CI Private Wealth, LLC42,654$3.11M0.00%+15,862+59.2%Added
Hussman Strategic Advisors, Inc.42,000$3.10M0.67%+42,000New
Founders Capital Management, LLC41,816$3.09M0.51%00.0%Unchanged
Wellington Management Group LLP41,013$3.03M0.00%+6,737+19.7%Added
AQR Capital Management LLC40,052$2.96M0.00%−22,342−35.8%Reduced
Bank Ozk39,039$2.88M1.02%+21,765+126.0%Added
Primecap Management Co37,600$2.78M0.00%00.0%Unchanged
Oppenheimer & Co Inc37,447$2.77M0.03%+2,242+6.4%Added
Assetmark, Inc37,297$2.76M0.01%+2,073+5.9%Added
Wiley Bros.-Aintree Capital, LLC36,720$2.61M0.01%+492+1.4%Added
Capstone Investment Advisors, LLC33,123$2.45M0.02%+33,123New
Great Lakes Retirement, Inc.32,330$2.41M0.25%+50+0.2%Added
Schonfeld Strategic Advisors LLC32,090$2.37M0.02%−9,108−22.1%Reduced
Jones Financial Companies LLLP32,698$2.34M0.00%+27,254+500.6%Added
Avanza Fonder AB21,589$2.22M0.06%00.0%Unchanged
Polar Asset Management Partners Inc.30,000$2.22M0.05%+30,000New