Restaurant Brands InternQSR
13F holders, Q1 2025 (March 31)458holders +9
70new positions
55sold out
8famous investors
$66.70avg. 13F price*
At the end of Q1 2025, 458 institutions reported holding Restaurant Brands Intern (QSR) in their 13F filings, up 9 from Q4 2024. 70 opened new positions and 55 sold out. The largest holders were Capital World Investors ($2.8B), Pershing Square ($1.5B) and Royal Bank of Canada ($1.5B). 8 famous investors held it, including Bill Ackman (12.8% of Pershing Square's portfolio), Seth Klarman (7.4% of Baupost Group's portfolio) and Ken Griffin (0.3% of Citadel Advisors's portfolio).
- Company
- Restaurant Brands Intern
- CUSIP
- 76131D103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q4 2024 → Q1 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 70 | $477.9M |
| Exits | 55 | $182.0M |
All 13F filers, Q4 2024 → Q1 2025: 35,836,441 shares bought and 21,136,409 shares sold, net +14,700,032 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 458 holders
| Capital World Investors | 0.46% | Reduce -1.9% | 42,585,588 | $2.8B |
| Pershing Square | 12.85% | No change | 23,000,914 | $1.5B |
| Royal Bank of Canada | 0.34% | Add +16.8% | 22,626,635 | $1.5B |
| Vanguard Group Inc. | 0.02% | Add +7.6% | 14,169,061 | $944.5M |
| EdgePoint Investment Group Inc. | 7.42% | Add +7.0% | 13,715,604 | $914.5M |
| Bank of Montreal | 0.41% | Add +13.6% | 11,367,640 | $757.9M |
| Goldman Sachs Group Inc. | 0.10% | Add +0.6% | 8,108,527 | $540.4M |
| FMR LLC | 0.03% | Add +13.1% | 8,082,030 | $538.7M |
| 1832 Asset Management L.P. | 0.89% | Add +4.3% | 6,959,757 | $463.8M |
| JARISLOWSKY, FRASER Ltd | 2.60% | Reduce -1.7% | 6,225,039 | $414.9M |
| Beutel, Goodman & Co Ltd. | 2.23% | Add +2.8% | 5,798,567 | $386.5M |
| Capital Research Global Investors | 0.08% | Reduce -50.3% | 5,601,030 | $373.3M |
| FIL Ltd | 0.34% | Add +207.1% | 5,366,558 | $357.7M |
| Mackenzie Financial Corp. | 0.47% | Add +17.1% | 4,912,807 | $327.5M |
| TD Asset Management Inc | 0.28% | Add +29.4% | 4,631,461 | $308.7M |
| Fiera Capital Corp | 1.02% | Add +14.2% | 4,219,476 | $281.6M |
| Citadel Advisors | 0.28% | Add +304.7% | 4,212,323 | $280.7M |
| Norges Bank | 0.04% | Add +3.1% | 4,191,851 | $279.4M |
| National Bank of Canada | 0.31% | Add +6.8% | 3,971,981 | $263.2M |
| Baupost Group | 7.44% | Add +33.9% | 3,886,562 | $259.0M |
| Cibc World Market Inc. | 0.55% | Add +28.6% | 3,625,974 | $241.6M |
| Davis Selected Advisers | 1.30% | New | 3,372,511 | $224.7M |
| Meritage Group LP | 6.05% | No change | 3,301,689 | $220.0M |
| CIBC Asset Management Inc | 0.70% | Add +6.0% | 3,149,068 | $211.6M |
| Invesco Ltd. | 0.03% | Add +465.8% | 2,644,757 | $176.2M |
| Canoe Financial LP | 2.47% | Add +14.4% | 2,307,351 | $153.8M |
| Geode Capital Management, LLC | 0.01% | Add +9.2% | 2,018,356 | $136.0M |
| Morgan Stanley | 0.01% | Add +0.8% | 1,983,944 | $132.2M |
| Canada Pension Plan Investment Board | 0.12% | Reduce -38.8% | 1,825,581 | $121.6M |
| Bank of Nova Scotia | 0.25% | Add +37.0% | 1,668,748 | $111.3M |
| Burgundy Asset Management Ltd. | 1.10% | Add +36.4% | 1,592,502 | $106.3M |
| Legal & General Group Plc | 0.03% | Add +2.1% | 1,529,599 | $102.0M |
| Bank of America Corp. | 0.01% | Add +37.3% | 1,513,325 | $100.8M |
| JPMorgan Chase & Co. | 0.01% | Reduce -63.1% | 1,491,804 | $99.4M |
| Scotia Capital Inc. | 0.52% | Reduce -4.1% | 1,481,072 | $97.3M |
| Healthcare of Ontario Pension Plan Trust Fund | 0.21% | New | 1,400,000 | $93.3M |
| Alberta Investment Management Corp | 0.66% | Add +51.1% | 1,381,830 | $92.1M |
| Federation des caisses Desjardins du Quebec | 0.45% | Add +11.9% | 1,394,711 | $91.6M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.39% | Add +107.3% | 1,339,123 | $89.3M |
| RDST Capital LLC | 11.55% | Add +53.6% | 1,218,664 | $81.2M |
| TD Waterhouse Canada Inc. | 0.66% | Add +5.0% | 1,207,582 | $80.3M |
| Manufacturers Life Insurance Company, The | 0.08% | Reduce -54.5% | 1,176,795 | $78.7M |
| Guardian Capital LP | 2.93% | Reduce -14.6% | 1,117,683 | $74.5M |
| Toronto Dominion Bank | 0.18% | Add +14.4% | 1,069,238 | $71.3M |
| Arrowstreet Capital, Limited Partnership | 0.06% | Reduce -7.5% | 1,062,061 | $70.8M |
| Dimensional Fund Advisors LP | 0.02% | Add +7.2% | 1,045,394 | $69.6M |
| Epoch Investment Partners, Inc. | 0.34% | Reduce -3.9% | 970,718 | $64.7M |
| Aviso Financial Inc. | 3.13% | Add +1.2% | 953,186 | $63.6M |
| Swiss National Bank | 0.04% | Reduce -1.9% | 875,330 | $58.4M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +2.2% | 764,104 | $50.9M |
| UBS Group AG | 0.01% | Add +49.6% | 759,636 | $50.6M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | Add +197.7% | 711,953 | $47.4M |
| Jane Street Group, LLC | 0.09% | Add +210.1% | 704,840 | $47.0M |
| Intact Investment Management Inc. | 1.60% | Add +12.1% | 701,691 | $46.8M |
| Cidel Asset Management Inc. | 2.85% | Add +17.9% | 654,957 | $43.7M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 3.07% | Reduce -3.7% | 621,300 | $41.4M |
| GW&K Investment Management, LLC | 0.38% | Add +14.3% | 610,713 | $40.7M |
| Massachusetts Financial Services Co. | 0.01% | Reduce -1.5% | 588,217 | $39.2M |
| Raymond James Financial Inc. | 0.01% | Add +91.0% | 563,747 | $37.6M |
| Continental Grain Co. | 10.74% | No change | 559,178 | $37.3M |
| Millennium Management | 0.03% | Add +1009.1% | 516,333 | $34.4M |
| Mufg Securities (canada), LTD. | 1.15% | Add +0.1% | 494,983 | $33.0M |
| Addenda Capital Inc. | 1.18% | Reduce -9.8% | 329,889 | $32.0M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -9.6% | 455,205 | $30.3M |
| River Road Asset Management, LLC | 0.41% | New | 453,236 | $30.2M |
| Letko, Brosseau & Associates Inc. | 0.64% | Reduce -1.5% | 451,905 | $30.1M |
| Janus Henderson Group PLC | 0.02% | Add +3.9% | 443,690 | $28.6M |
| Deutsche Bank AG | 0.01% | Reduce -0.1% | 417,652 | $27.8M |
| MIC Capital Management UK LLP | 5.24% | No change | 386,203 | $25.7M |
| Cannell & Spears LLC | 0.51% | Reduce -1.4% | 357,655 | $23.8M |
| Bank of New York Mellon Corp | 0.00% | Reduce -73.3% | 356,126 | $23.7M |
| Baskin Financial Services Inc. | 1.85% | Add +2.9% | 342,199 | $22.8M |
| Man Group plc | 0.07% | Reduce -33.1% | 339,216 | $22.6M |
| Northern Trust Corp. | 0.00% | Add +17.5% | 313,596 | $20.9M |
| Capital International Sarl | 0.47% | Add +27.6% | 312,196 | $20.8M |
| Soroban Capital Partners LP | 0.28% | No change | 300,000 | $20.0M |
| HRT Financial LP | 0.12% | New | 291,508 | $19.4M |
| Bank of Nova Scotia Trust Co. | 2.06% | Add +4.7% | 290,271 | $19.3M |
| CANADA LIFE ASSURANCE Co | 0.03% | Reduce -0.3% | 293,394 | $19.3M |
| Korea Investment CORP | 0.04% | Add +74.5% | 274,597 | $18.3M |
| Kodai Capital Management LP | 0.67% | New | 255,563 | $17.0M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | 2.16% | Add +5.6% | 255,340 | $17.0M |
| Nuveen, LLC | 0.00% | — | 241,446 | $16.1M |
| JCP Investment Management, LLC | 9.89% | Add +41.2% | 239,883 | $16.0M |
| BlackRock, Inc. | 0.00% | Reduce -4.0% | 235,744 | $15.7M |
| Amundi | 0.01% | Add +9.7% | 229,846 | $15.6M |
| Capital International Ltd. | 0.65% | Add +20.0% | 224,115 | $14.9M |
| Rockefeller Capital Management L.P. | 0.04% | Reduce -0.9% | 220,129 | $14.7M |
| Dana Investment Advisors, Inc. | 0.51% | Add +23.2% | 213,469 | $14.2M |
| Wells Fargo & Company | 0.00% | Reduce -20.3% | 210,159 | $14.0M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.07% | Reduce -83.4% | 180,382 | $12.0M |
| State of Tennessee, Department of Treasury | 0.05% | Reduce -1.1% | 179,975 | $12.0M |
| MUFG Securities EMEA plc | 0.30% | New | 119,999 | $11.5M |
| Capital International, Inc. | 0.14% | Add +24.4% | 170,869 | $11.4M |
| Galibier Capital Management Ltd. | 3.37% | Reduce -43.7% | 161,810 | $10.8M |
| Citigroup Inc. | 0.01% | Reduce -27.8% | 160,202 | $10.7M |
| Qube Research & Technologies Ltd | 0.02% | Add +151.9% | 155,520 | $10.4M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.03% | Add +4.7% | 152,349 | $10.2M |
| Murchinson Ltd. | 1.74% | New | 146,832 | $9.8M |
| Partners Capital Investment Group, LLP | 0.16% | Add +91.3% | 145,787 | $9.7M |
"% of holder's portfolio" is QSR's weight in each manager's 13F, not the share of Restaurant Brands Intern the manager owns.