Restaurant Brands InternQSR
13F holders, Q2 2025 (June 30)454holders −4
60new positions
63sold out
8famous investors
$66.35avg. 13F price*
At the end of Q2 2025, 454 institutions reported holding Restaurant Brands Intern (QSR) in their 13F filings, down 4 from Q1 2025. 60 opened new positions and 63 sold out. The largest holders were Capital World Investors ($2.9B), Pershing Square ($1.5B) and Royal Bank of Canada ($1.4B). 8 famous investors held it, including Bill Ackman (11.1% of Pershing Square's portfolio), Seth Klarman (6.5% of Baupost Group's portfolio) and Stanley Druckenmiller (1.3% of Duquesne Family Office's portfolio).
- Company
- Restaurant Brands Intern
- CUSIP
- 76131D103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 60 | $269.5M |
| Exits | 63 | $465.0M |
All 13F filers, Q1 2025 → Q2 2025: 33,358,726 shares bought and 26,506,242 shares sold, net +6,852,484 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 454 holders
| Capital World Investors | 0.42% | Add +1.0% | 43,010,053 | $2.9B |
| Pershing Square | 11.11% | No change | 23,000,914 | $1.5B |
| Royal Bank of Canada | 0.27% | Reduce -6.7% | 21,107,913 | $1.4B |
| Vanguard Group Inc. | 0.02% | Add +8.0% | 15,303,726 | $1.0B |
| EdgePoint Investment Group Inc. | 6.50% | Reduce -5.8% | 12,919,854 | $857.6M |
| Bank of Montreal | 0.38% | Reduce -0.4% | 11,321,433 | $751.5M |
| Goldman Sachs Group Inc. | 0.11% | Add +22.1% | 9,904,392 | $656.6M |
| FMR LLC | 0.03% | Add +12.5% | 9,095,773 | $603.3M |
| BlackRock, Inc. | 0.01% | Add +2919.3% | 7,117,775 | $471.8M |
| 1832 Asset Management L.P. | 0.79% | Reduce -1.7% | 6,840,030 | $453.4M |
| FIL Ltd | 0.33% | Add +7.1% | 5,746,631 | $381.2M |
| Beutel, Goodman & Co Ltd. | 2.12% | Reduce -3.0% | 5,624,674 | $372.4M |
| TD Asset Management Inc | 0.31% | Add +18.5% | 5,486,897 | $363.2M |
| Geode Capital Management, LLC | 0.02% | Add +112.8% | 4,296,050 | $286.2M |
| Fiera Capital Corp | 0.95% | Add +0.1% | 4,221,623 | $279.9M |
| Morgan Stanley | 0.02% | Add +107.5% | 4,115,907 | $272.8M |
| Baupost Group | 6.52% | Add +4.2% | 4,049,562 | $268.4M |
| Norges Bank | 0.03% | Reduce -8.3% | 3,842,462 | $254.9M |
| National Bank of Canada | 0.26% | Reduce -9.9% | 3,576,889 | $236.5M |
| Davis Selected Advisers | 1.21% | Add +1.4% | 3,419,715 | $226.7M |
| JARISLOWSKY, FRASER Ltd | 1.29% | Reduce -45.2% | 3,411,337 | $225.8M |
| Invesco Ltd. | 0.04% | Add +24.4% | 3,291,340 | $218.2M |
| Meritage Group LP | 5.96% | Reduce -0.6% | 3,280,877 | $217.5M |
| State Street Corp. | 0.01% | Add +9477.4% | 2,997,344 | $198.7M |
| Canada Pension Plan Investment Board | 0.16% | Add +56.4% | 2,855,081 | $189.5M |
| Cibc World Market Inc. | 0.40% | Reduce -25.3% | 2,708,154 | $179.5M |
| Capital Research Global Investors | 0.03% | Reduce -53.7% | 2,591,542 | $171.8M |
| Canoe Financial LP | 2.40% | Add +10.1% | 2,539,975 | $168.6M |
| Bank of America Corp. | 0.01% | Add +54.6% | 2,339,967 | $155.1M |
| CIBC Asset Management Inc | 0.48% | Reduce -27.4% | 2,287,372 | $152.3M |
| Mackenzie Financial Corp. | 0.17% | Reduce -60.8% | 1,926,427 | $127.9M |
| Burgundy Asset Management Ltd. | 1.02% | Reduce -0.4% | 1,586,110 | $105.0M |
| JPMorgan Chase & Co. | 0.01% | Add +2.6% | 1,530,765 | $101.5M |
| Legal & General Group Plc | 0.02% | Reduce -1.3% | 1,509,601 | $99.9M |
| Scotia Capital Inc. | 0.47% | Add +1.2% | 1,498,889 | $99.1M |
| Bank of Nova Scotia | 0.18% | Reduce -22.0% | 1,302,022 | $86.3M |
| TD Waterhouse Canada Inc. | 0.59% | Add +1.0% | 1,219,838 | $82.7M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.29% | Reduce -8.5% | 1,224,721 | $81.3M |
| Toronto Dominion Bank | 0.17% | Add +7.7% | 1,151,580 | $76.4M |
| Guardian Capital LP | 2.68% | Add +2.5% | 1,146,048 | $75.9M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.02% | Add +57.8% | 1,123,651 | $74.5M |
| Dimensional Fund Advisors LP | 0.02% | Add +5.1% | 1,098,563 | $72.8M |
| Alberta Investment Management Corp | 0.60% | Reduce -22.5% | 1,070,500 | $71.0M |
| RDST Capital LLC | 6.41% | Reduce -20.6% | 968,064 | $64.2M |
| Aviso Financial Inc. | 2.87% | Add +0.6% | 958,434 | $63.6M |
| Woodline Partners LP | 0.33% | Add +1131.9% | 948,519 | $62.9M |
| Swiss National Bank | 0.04% | Add +8.0% | 945,730 | $62.5M |
| Epoch Investment Partners, Inc. | 0.32% | Reduce -4.5% | 927,432 | $61.5M |
| Northern Trust Corp. | 0.01% | Add +190.6% | 911,416 | $60.4M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +18.8% | 908,004 | $60.1M |
| River Road Asset Management, LLC | 0.74% | Add +90.5% | 863,170 | $58.6M |
| Corvex Management LP | 2.45% | New | 873,183 | $57.9M |
| Bank of New York Mellon Corp | 0.01% | Add +136.2% | 841,292 | $55.8M |
| Manufacturers Life Insurance Company, The | 0.05% | Reduce -29.7% | 827,060 | $54.6M |
| Millennium Management | 0.05% | Add +58.6% | 818,947 | $54.3M |
| Duquesne Family Office | 1.27% | New | 751,010 | $49.8M |
| Nuveen, LLC | 0.01% | Add +189.7% | 699,464 | $46.3M |
| Intact Investment Management Inc. | 1.54% | Reduce -2.1% | 686,591 | $45.5M |
| Cidel Asset Management Inc. | 2.66% | Add +2.3% | 669,683 | $44.3M |
| Federation des caisses Desjardins du Quebec | 0.19% | Reduce -53.5% | 648,145 | $42.9M |
| Man Group plc | 0.09% | Add +83.1% | 621,252 | $41.2M |
| GW&K Investment Management, LLC | 0.36% | Reduce -1.9% | 599,280 | $39.7M |
| Raymond James Financial Inc. | 0.01% | Add +2.6% | 578,345 | $38.3M |
| Continental Grain Co. | 10.43% | No change | 559,178 | $37.4M |
| Mufg Securities (canada), LTD. | 1.12% | Add +12.2% | 555,421 | $36.8M |
| Arrowstreet Capital, Limited Partnership | 0.02% | Reduce -53.9% | 489,232 | $32.5M |
| Envestnet Asset Management Inc. | 0.01% | Add +6.8% | 485,946 | $32.2M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 2.04% | Reduce -23.5% | 475,142 | $31.5M |
| Letko, Brosseau & Associates Inc. | 0.60% | Add +4.7% | 472,917 | $31.3M |
| UBS Group AG | 0.01% | Reduce -39.0% | 463,150 | $30.7M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | 3.39% | Add +81.3% | 462,958 | $30.7M |
| Deutsche Bank AG | 0.01% | Add +8.2% | 451,937 | $30.0M |
| Janus Henderson Group PLC | 0.01% | Add +1.8% | 451,763 | $29.9M |
| Addenda Capital Inc. | 1.06% | Reduce -1.7% | 324,331 | $29.6M |
| MIC Capital Management UK LLP | 5.03% | No change | 386,203 | $25.6M |
| Cannell & Spears LLC | 0.47% | Reduce -1.7% | 351,554 | $23.3M |
| Amundi | 0.01% | Add +48.5% | 341,198 | $23.3M |
| Baskin Financial Services Inc. | 1.74% | Add +1.3% | 346,623 | $23.0M |
| Capital International Sarl | 0.42% | Add +5.9% | 330,643 | $21.9M |
| Rhumbline Advisers | 0.02% | Add +5463.0% | 315,256 | $20.9M |
| Soroban Capital Partners LP | 0.19% | No change | 300,000 | $19.9M |
| Bank of Nova Scotia Trust Co. | 1.90% | Add +0.2% | 290,751 | $19.3M |
| JCP Investment Management, LLC | 11.11% | Add +21.1% | 290,438 | $19.3M |
| Picton Mahoney Asset Management | 0.27% | New | 289,511 | $19.1M |
| Wells Fargo & Company | 0.00% | Add +36.5% | 286,754 | $19.0M |
| Aviva PLC | 0.03% | Add +141.0% | 233,337 | $15.5M |
| Capital International Ltd. | 0.59% | Add +3.8% | 232,717 | $15.4M |
| Balyasny Asset Management L.P. | 0.04% | New | 229,055 | $15.2M |
| Korea Investment CORP | 0.03% | Reduce -17.6% | 226,243 | $15.0M |
| Hudson Bay Capital Management LP | 0.11% | New | 221,102 | $14.7M |
| Rockefeller Capital Management L.P. | 0.03% | Reduce -0.4% | 219,299 | $14.5M |
| Twinbeech Capital LP | 0.33% | New | 218,225 | $14.5M |
| CANADA LIFE ASSURANCE Co | 0.02% | Reduce -26.5% | 215,657 | $14.3M |
| Galibier Capital Management Ltd. | 4.16% | Add +29.2% | 209,015 | $13.8M |
| Dana Investment Advisors, Inc. | 0.44% | Reduce -6.7% | 199,091 | $13.2M |
| Capital International, Inc. | 0.12% | Add +11.4% | 190,419 | $12.6M |
| State of Tennessee, Department of Treasury | 0.04% | No change | 179,975 | $11.9M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.07% | Reduce -1.6% | 177,506 | $11.8M |
| First Manhattan Co. Llc. | 0.03% | Add +822.0% | 174,441 | $11.6M |
| Barclays PLC | 0.00% | Add +247.6% | 162,233 | $10.8M |
"% of holder's portfolio" is QSR's weight in each manager's 13F, not the share of Restaurant Brands Intern the manager owns.