Restaurant Brands InternQSR
13F holders, Q3 2025 (September 30)464holders +10
62new positions
49sold out
10famous investors
$64.26avg. 13F price*
At the end of Q3 2025, 464 institutions reported holding Restaurant Brands Intern (QSR) in their 13F filings, up 10 from Q2 2025. 62 opened new positions and 49 sold out. The largest holders were Capital World Investors ($2.6B), Royal Bank of Canada ($1.5B) and Pershing Square ($1.5B). 10 famous investors held it, including Seth Klarman (11.1% of Baupost Group's portfolio), Bill Ackman (10.0% of Pershing Square's portfolio) and Stanley Druckenmiller (1.8% 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 Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 62 | $298.3M |
| Exits | 49 | $306.7M |
All 13F filers, Q2 2025 → Q3 2025: 26,436,388 shares bought and 18,095,138 shares sold, net +8,341,250 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 464 holders
| Capital World Investors | 0.36% | Reduce -6.0% | 40,430,403 | $2.6B |
| Royal Bank of Canada | 0.26% | Add +9.3% | 23,071,602 | $1.5B |
| Pershing Square | 10.04% | Reduce -0.4% | 22,915,496 | $1.5B |
| Vanguard Group Inc. | 0.01% | Add +2.2% | 15,639,519 | $1.0B |
| EdgePoint Investment Group Inc. | 7.14% | Add +15.3% | 14,903,208 | $955.9M |
| Bank of Montreal | 0.33% | Add +7.1% | 12,123,594 | $777.6M |
| Goldman Sachs Group Inc. | 0.10% | Add +3.4% | 10,235,714 | $656.5M |
| FMR LLC | 0.03% | Reduce -3.6% | 8,770,808 | $562.7M |
| Baupost Group | 11.11% | Add +103.8% | 8,252,862 | $529.3M |
| BlackRock, Inc. | 0.01% | Add +2.5% | 7,294,995 | $467.9M |
| Morgan Stanley | 0.03% | Add +64.9% | 6,787,251 | $435.3M |
| TD Asset Management Inc | 0.29% | Add +0.3% | 5,505,861 | $353.3M |
| Beutel, Goodman & Co Ltd. | 2.02% | Reduce -6.9% | 5,234,439 | $335.9M |
| Geode Capital Management, LLC | 0.02% | Add +14.6% | 4,921,050 | $323.0M |
| Fiera Capital Corp | 1.03% | Add +17.2% | 4,946,163 | $317.2M |
| FIL Ltd | 0.23% | Reduce -22.2% | 4,468,860 | $286.7M |
| Invesco Ltd. | 0.04% | Add +10.5% | 3,636,827 | $233.3M |
| National Bank of Canada | 0.26% | Add +1.1% | 3,617,810 | $231.5M |
| Davis Selected Advisers | 1.19% | Add +3.6% | 3,542,388 | $227.2M |
| Meritage Group LP | 6.01% | No change | 3,280,877 | $210.4M |
| JARISLOWSKY, FRASER Ltd | 1.15% | Reduce -4.3% | 3,263,219 | $209.4M |
| State Street Corp. | 0.01% | Add +4.1% | 3,120,312 | $202.0M |
| 1832 Asset Management L.P. | 0.34% | Reduce -54.5% | 3,112,322 | $199.6M |
| Canada Pension Plan Investment Board | 0.13% | Add +1.5% | 2,898,814 | $185.9M |
| Cibc World Market Inc. | 0.37% | Add +3.6% | 2,806,242 | $180.0M |
| Canoe Financial LP | 2.31% | Reduce -0.7% | 2,523,267 | $161.8M |
| Corvex Management LP | 5.53% | Add +175.9% | 2,408,743 | $154.5M |
| CIBC Asset Management Inc | 0.40% | Reduce -5.7% | 2,156,338 | $138.8M |
| Capital Research Global Investors | 0.02% | Reduce -21.3% | 2,038,745 | $130.8M |
| Bank of America Corp. | 0.01% | Reduce -17.3% | 1,935,243 | $124.1M |
| Citadel Advisors | 0.10% | New | 1,894,782 | $121.5M |
| Mackenzie Financial Corp. | 0.15% | Reduce -1.8% | 1,892,120 | $121.4M |
| Burgundy Asset Management Ltd. | 1.04% | Add +9.8% | 1,742,299 | $110.3M |
| Legal & General Group Plc | 0.02% | Add +6.8% | 1,611,978 | $103.4M |
| JPMorgan Chase & Co. | 0.01% | Reduce -0.5% | 1,522,523 | $97.7M |
| Scotia Capital Inc. | 0.41% | Add +0.1% | 1,500,597 | $96.2M |
| River Road Asset Management, LLC | 1.05% | Add +69.0% | 1,458,999 | $93.6M |
| Dimensional Fund Advisors LP | 0.02% | Add +14.3% | 1,255,829 | $80.6M |
| Toronto Dominion Bank | 0.16% | Add +8.3% | 1,247,303 | $80.2M |
| Manufacturers Life Insurance Company, The | 0.06% | Add +46.9% | 1,214,510 | $77.9M |
| TD Waterhouse Canada Inc. | 0.50% | Reduce -5.4% | 1,154,233 | $76.8M |
| Duquesne Family Office | 1.85% | Add +50.6% | 1,131,365 | $72.6M |
| Guardian Capital LP | 2.33% | Reduce -2.0% | 1,122,610 | $72.0M |
| Bank of Nova Scotia | 0.12% | Reduce -19.4% | 1,048,830 | $67.3M |
| Bank of New York Mellon Corp | 0.01% | Add +23.0% | 1,034,754 | $66.4M |
| MUFG Securities EMEA plc | 1.64% | New | 1,018,200 | $65.3M |
| UBS Group AG | 0.01% | Add +113.4% | 988,434 | $63.4M |
| Aviso Financial Inc. | 2.54% | Add +1.6% | 973,257 | $62.4M |
| Northern Trust Corp. | 0.01% | Add +2.4% | 933,430 | $59.9M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +2.6% | 931,476 | $59.8M |
| Swiss National Bank | 0.03% | Reduce -5.3% | 895,430 | $57.5M |
| Epoch Investment Partners, Inc. | 0.31% | Reduce -5.3% | 878,300 | $56.3M |
| Point72 Asset Management | 0.13% | New | 870,101 | $55.8M |
| Alberta Investment Management Corp | 0.45% | Reduce -19.1% | 866,100 | $55.5M |
| Man Group plc | 0.10% | Add +26.5% | 786,062 | $50.4M |
| Intact Investment Management Inc. | 1.47% | Add +10.6% | 759,391 | $48.7M |
| Deutsche Bank AG | 0.02% | Add +57.5% | 711,823 | $45.7M |
| Nuveen, LLC | 0.01% | Add +1.0% | 706,671 | $45.3M |
| Cidel Asset Management Inc. | 2.53% | Add +2.8% | 688,129 | $44.2M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | 4.81% | Add +4.6% | 484,125 | $43.2M |
| AXA Investment Managers S.A. | 0.11% | — | 643,585 | $41.3M |
| Raymond James Financial Inc. | 0.01% | Add +8.9% | 629,953 | $40.4M |
| Letko, Brosseau & Associates Inc. | 0.66% | Add +27.0% | 600,517 | $38.5M |
| GW&K Investment Management, LLC | 0.34% | Reduce -1.4% | 591,101 | $37.9M |
| Federation des caisses Desjardins du Quebec | 0.14% | Reduce -12.0% | 570,508 | $36.6M |
| Continental Grain Co. | 10.37% | No change | 559,178 | $35.9M |
| Mufg Securities (canada), LTD. | 0.97% | Reduce -2.3% | 542,427 | $34.8M |
| Balyasny Asset Management L.P. | 0.07% | Add +115.7% | 494,130 | $31.7M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -0.6% | 482,885 | $31.0M |
| Addenda Capital Inc. | 0.86% | Reduce -0.9% | 321,493 | $29.0M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 1.64% | Reduce -9.5% | 430,062 | $27.6M |
| Janus Henderson Group PLC | 0.01% | Reduce -5.9% | 425,145 | $27.3M |
| MIC Capital Management UK LLP | 4.95% | No change | 386,203 | $24.8M |
| Squarepoint Ops LLC | 0.05% | Add +1013.9% | 381,117 | $24.4M |
| Capital International Sarl | 0.39% | Add +7.3% | 354,905 | $22.8M |
| Amundi | 0.01% | Reduce -3.2% | 330,245 | $22.7M |
| Baskin Financial Services Inc. | 1.65% | Add +0.9% | 349,803 | $22.4M |
| Rhumbline Advisers | 0.02% | Reduce -2.0% | 309,040 | $19.8M |
| Cannell & Spears LLC | 0.36% | Reduce -14.4% | 300,993 | $19.3M |
| Soroban Capital Partners LP | 0.16% | No change | 300,000 | $19.2M |
| Bank of Nova Scotia Trust Co. | 1.78% | Add +2.8% | 298,954 | $19.2M |
| Wells Fargo & Company | 0.00% | Add +4.0% | 298,332 | $19.1M |
| Susquehanna International Group, LLP | 0.03% | Add +1266.2% | 293,331 | $18.8M |
| Dana Investment Advisors, Inc. | 0.52% | Add +38.9% | 276,429 | $17.7M |
| Rockefeller Capital Management L.P. | 0.03% | Add +17.1% | 256,874 | $16.5M |
| Aviva PLC | 0.03% | Add +0.7% | 235,047 | $15.1M |
| Capital International Ltd. | 0.54% | Add +0.0% | 232,792 | $14.9M |
| Capital International, Inc. | 0.11% | Add +15.9% | 220,696 | $14.2M |
| CANADA LIFE ASSURANCE Co | 0.02% | Add +0.7% | 217,141 | $14.1M |
| Korea Investment CORP | 0.03% | Reduce -4.7% | 215,517 | $13.8M |
| New York State Common Retirement Fund | 0.02% | Add +51.4% | 196,100 | $12.6M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.07% | Add +6.3% | 188,655 | $12.1M |
| Galibier Capital Management Ltd. | 4.02% | Reduce -10.0% | 188,137 | $12.1M |
| First Manhattan Co. Llc. | 0.03% | Add +3.5% | 180,541 | $11.7M |
| State of Tennessee, Department of Treasury | 0.04% | Reduce -1.4% | 177,475 | $11.4M |
| Citigroup Inc. | 0.01% | Add +50.8% | 169,548 | $10.9M |
| Barclays PLC | 0.00% | Reduce -2.8% | 157,686 | $10.1M |
| Alta Capital Management LLC/ | 0.55% | Add +5.0% | 154,856 | $9.9M |
| Cadence Bank | 0.59% | Add +35.0% | 150,637 | $9.7M |
| T. Rowe Price Associates Inc. | 0.00% | Add +13.2% | 149,649 | $9.6M |
"% of holder's portfolio" is QSR's weight in each manager's 13F, not the share of Restaurant Brands Intern the manager owns.