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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
NewEdge Wealth, LLC29,958$2.21M0.03%+29,958New
Iridian Asset Management LLC29,819$2.20M0.89%−6,891−18.8%Reduced
Vestmark Advisory Solutions, Inc.29,620$2.19M0.02%+29,620New
USS Investment Management Ltd29,214$2.16M0.01%+1,065+3.8%Added
Commerce Bank28,985$2.14M0.01%−3,579−11.0%Reduced
Swiss Life Asset Management Ltd28,600$2.12M0.01%+7,403+34.9%Added
Fiduciary Family Office, LLC27,752$2.05M0.58%+4,904+21.5%Added
Thrivent Financial for Lutherans26,772$1.98M0.00%+7,753+40.8%Added
Triasima Portfolio Management inc.26,800$1.98M0.30%+26,800New
Atria Investments LLC26,213$1.94M0.02%+19,924+316.8%Added
Lombard Odier Asset Management (Switzerland) SA26,041$1.93M0.07%+12,200+88.1%Added
Lebenthal Global Advisors, LLC25,736$1.90M0.28%−2,095−7.5%Reduced
Machina Capital S.A.S.25,488$1.88M0.37%−23,102−47.5%Reduced
M&T Bank Corp25,415$1.88M0.01%−324−1.3%Reduced
Gulf International Bank (UK) Ltd25,222$1.87M0.04%+10,930+76.5%Added
Credit Agricole S A25,067$1.85M0.01%+10.0%Added
Callahan Advisors, LLC25,030$1.85M0.15%00.0%Unchanged
Bennett Selby Investments LP24,817$1.83M0.64%−25−0.1%Reduced
Gateway Investment Advisers LLC24,718$1.83M0.02%−1,084−4.2%Reduced
Sepio Capital, LP24,448$1.81M0.10%+24,448New
Blueshift Asset Management, LLC23,864$1.76M0.54%+2,879+13.7%Added
Amalgamated Bank23,826$1.76M0.01%+601+2.6%Added
Neuberger Berman Group LLC23,543$1.75M0.00%+1,333+6.0%Added
Aspire Private Capital, LLC23,569$1.74M0.39%−1,404−5.6%Reduced
Donoghue Forlines LLC23,122$1.71M0.47%−9,267−28.6%Reduced
Hilltop National Bank22,657$1.67M0.40%−890−3.8%Reduced
BNP Paribas Arbitrage, SA22,319$1.65M0.00%+4,721+26.8%Added
Nilsine Partners, LLC20,654$1.63M0.13%+5,767+38.7%Added
Central Pacific Bank - Trust Division21,204$1.57M0.20%+21,204New
Graham Capital Management, L.P.20,841$1.54M0.05%+20,841New
Mariner, LLC20,807$1.54M0.00%+3,471+20.0%Added
Advisor Group Holdings, Inc.20,762$1.54M0.00%−1,512−6.8%Reduced
Glenmede Trust Co NA19,784$1.46M0.01%+19,784New
Lee Financial Co19,611$1.45M0.20%−109−0.6%Reduced
HighTower Advisors, LLC19,580$1.45M0.00%+16,343+504.9%Added
Kestra Advisory Services, LLC18,918$1.40M0.01%+10,358+121.0%Added
Hudson Portfolio Management LLC18,902$1.40M1.18%−40−0.2%Reduced
Beverly Hills Private Wealth, LLC18,861$1.39M0.23%+13,553+255.3%Added
Fiduciary Trust Co18,843$1.39M0.02%00.0%Unchanged
California State Teachers Retirement System18,698$1.38M0.00%−1,440−7.2%Reduced
Cerity Partners LLC18,563$1.37M0.00%+3,470+23.0%Added
Boston Partners18,346$1.36M0.00%−11,218−37.9%Reduced
The PNC Financial Services Group, Inc.18,315$1.35M0.00%+1,591+9.5%Added
Hutner Capital Management Inc17,997$1.33M0.55%+209+1.2%Added
Maryland State Retirement & Pension System17,752$1.31M0.03%+2,027+12.9%Added
Jane Street Group, LLC17,616$1.30M0.00%−265−1.5%Reduced
Earnest Partners LLC17,587$1.30M0.01%−41,781−70.4%Reduced
Royal London Asset Management Ltd16,930$1.25M0.00%00.0%Unchanged
Braun Stacey Associates Inc16,250$1.20M0.04%−24−0.1%Reduced
Caldwell Trust Co15,465$1.14M0.10%+12,866+495.0%Added
Captrust Financial Advisors15,456$1.14M0.00%+320+2.1%Added
MetLife Investment Management15,406$1.14M0.01%+166+1.1%Added
PCM Encore, LLC14,813$1.09M0.23%+209+1.4%Added
Engineers Gate Manager LP14,532$1.07M0.01%−163,115−91.8%Reduced
Royal Fund Management, LLC14,330$1.06M0.10%−700−4.7%Reduced
Waterfront Wealth Inc.14,246$1.05M0.19%+779+5.8%Added
Dorato Capital Management13,435$1.04M0.77%+79+0.6%Added
ASR Vermogensbeheer N.V.13,583$1.00M0.01%00.0%Unchanged
Osmosis Investment Management UK Ltd13,396$995.0K0.03%+13,396New
Generali Asset Management SPA SGR9,573$985.4K0.02%+608+6.8%Added
Boyar Asset Management Inc.13,173$973.5K0.55%+13,173New
Aspiriant, LLC13,072$966.0K0.03%−19−0.1%Reduced
Principal Financial Group Inc13,017$962.0K0.00%+5,378+70.4%Added
Mercer Global Advisors Inc12,926$955.3K0.00%−366−2.8%Reduced
Kendall Capital Management12,905$953.7K0.20%+360+2.9%Added
HB Wealth Management, LLC12,533$926.2K0.01%+1,738+16.1%Added
JustInvest LLC12,412$917.2K0.01%+318+2.6%Added
Pathstone Holdings, LLC12,036$890.2K0.00%+2,487+26.0%Added
AE Wealth Management LLC11,844$875.3K0.00%+218+1.9%Added
OpenArc Corporate Advisory, LLC11,809$872.7K0.01%−5,712−32.6%Reduced
Crossmark Global Holdings, Inc.11,690$863.9K0.01%−1,727−12.9%Reduced
Empowered Funds, LLC11,396$842.2K0.01%−16,719−59.5%Reduced
CIBC Bancorp USA Inc.11,230$829.9K0.00%+11,230New
Strategic Investment Advisors10,946$809.9K0.06%+4,772+77.3%Added
Wolverine Asset Management LLC10,787$797.2K0.01%00.0%Unchanged
Sanders Morris Harris LLC10,250$757.5K0.12%+10,250New
O'Shaughnessy Asset Management, LLC10,212$754.7K0.00%−1,299−11.3%Reduced
Argonautica Private Wealth Management, Inc10,140$749.4K0.23%+1,134+12.6%Added
NBC Securities, Inc.9,903$731.9K0.05%+20+0.2%Added
Applied Finance Capital Management, LLC9,899$731.5K0.05%+459+4.9%Added
Metis Global Partners, LLC9,876$728.3K0.02%−379−3.7%Reduced
STRS Ohio9,639$712.1K0.00%+290+3.1%Added
Guardian Partners Inc.9,493$702.3K0.06%+305+3.3%Added
US Bancorp9,446$698.1K0.00%+494+5.5%Added
North Dakota State Investment Board9,352$691.1K0.03%−2,048−18.0%Reduced
Tower Research Capital LLC (TRC)9,337$690.0K0.02%+9,337New
UniSuper Management Pty Ltd6,700$689.7K0.00%+1,500+28.8%Added
Mirae Asset Global ETFs Holdings Ltd.9,278$685.6K0.00%−1,226−11.7%Reduced
Wakefield Asset Management LLLP9,184$678.7K0.18%+9,184New
Savoir Faire Capital Management, L.P.9,146$675.9K0.41%−8,917−49.4%Reduced
Laird Norton Trust Company, LLC9,022$672.2K0.01%+452+5.3%Added
Pitcairn Wealth Advisors LLC9,672$659.9K0.06%00.0%Unchanged
Signaturefd, LLC8,922$659.3K0.01%+652+7.9%Added
Farringdon Capital, Ltd.8,903$657.9K0.14%+3,530+65.7%Added
Sequoia Financial Advisors, LLC8,775$648.5K0.00%−154−1.7%Reduced
Dynamic Technology Lab Private Ltd8,766$647.8K0.11%−28,601−76.5%Reduced
MML Investors Services, LLC8,727$644.9K0.00%−253−2.8%Reduced
Sumitomo Life Insurance Co8,723$644.6K0.02%+281+3.3%Added
Sumitomo Mitsui DS Asset Management Company, Ltd8,723$644.6K0.01%+281+3.3%Added
Cambridge Investment Research Advisors, Inc.8,543$631.0K0.00%+357+4.4%Added