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 |
| Alliancebernstein L.P. | 0.00% | Add +5.8% | 145,783 | $9.4M |
| Treasurer of the State of North Carolina | 0.03% | Reduce -3.8% | 145,470 | $9.3M |
| LPL Financial LLC | 0.00% | Add +145.7% | 144,860 | $9.3M |
| Cullen/Frost Bankers, Inc. | 0.11% | Add +10.3% | 142,164 | $9.1M |
| Verition Fund Management LLC | 0.05% | Reduce -10.4% | 140,499 | $9.0M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.02% | Reduce -1.6% | 137,604 | $8.8M |
| Hudson Bay Capital Management LP | 0.06% | Reduce -37.8% | 137,560 | $8.8M |
| Tidal Investments LLC | 0.03% | Add +140.6% | 126,151 | $8.1M |
| Skye Global Management LP | 0.16% | New | 126,000 | $8.1M |
| American Century Companies Inc. | 0.00% | Add +65.3% | 125,070 | $8.0M |
| Public Employees Retirement System of Ohio | 0.02% | Add +0.8% | 121,148 | $7.8M |
| Pictet Asset Management Holding SA | 0.01% | Add +1.1% | 120,068 | $7.7M |
| Mn Services Vermogensbeheer B.V. | 0.05% | No change | 116,300 | $7.5M |
| State Board of Administration of Florida Retirement System | 0.01% | Add +89.6% | 115,797 | $7.4M |
| Bridgewater Associates | 0.03% | Add +775.6% | 113,911 | $7.3M |
| Louisbourg Investments Inc. | 1.56% | Add +50.1% | 111,215 | $7.1M |
| AIA Group Ltd | 0.13% | Add +26.3% | 111,169 | $7.1M |
| HSBC Holdings PLC | 0.00% | Reduce -1.1% | 110,612 | $7.1M |
| Freestone Grove Partners LP | 0.05% | New | 107,115 | $6.9M |
| Northwest & Ethical Investments L.P. | 0.15% | Reduce -0.9% | 101,179 | $6.5M |
| Russell Investments Group, Ltd. | 0.01% | Add +72.1% | 97,492 | $6.3M |
| Capula Management Ltd | 0.05% | Reduce -21.8% | 97,431 | $6.2M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +9.9% | 97,229 | $6.2M |
| Teachers Retirement System of the State of Kentucky | 0.04% | No change | 86,700 | $5.6M |
| Franklin Resources Inc. | 0.00% | Reduce -11.3% | 83,530 | $5.4M |
| Public Sector Pension Investment Board | 0.02% | Add +150.7% | 79,581 | $5.1M |
| Consolidated Capital Management, LLC | 1.76% | Add +5.8% | 77,439 | $5.0M |
| Weiss Asset Management LP | 0.09% | New | 74,961 | $4.8M |
| Forsta Ap-Fonden | 0.03% | Add +10.2% | 74,800 | $4.8M |
| Earnest Partners LLC | 0.02% | Reduce -0.1% | 74,722 | $4.8M |
| Lansforsakringar Fondforvaltning AB (publ) | 0.02% | Add +21.2% | 74,013 | $4.7M |
| Capricorn Fund Managers Ltd | 1.53% | Reduce -5.0% | 70,868 | $4.5M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Reduce -94.3% | 70,175 | $4.5M |
| Partners Capital Investment Group, LLP | 0.16% | No change | 63,878 | $4.1M |
| Millennium Management | 0.00% | Reduce -92.4% | 62,454 | $4.0M |
| Quartz Partners, LLC | 1.44% | Add +45.3% | 62,127 | $4.0M |
| Landscape Capital Management, L.L.C. | 0.25% | Add +133.8% | 60,692 | $3.9M |
| Allspring Global Investments Holdings, LLC | 0.01% | Reduce -26.1% | 58,300 | $3.9M |
| Polar Asset Management Partners Inc. | 0.11% | New | 60,000 | $3.8M |
| Federated Hermes, Inc. | 0.01% | New | 58,972 | $3.8M |
| D. E. Shaw & Co. | 0.00% | New | 57,800 | $3.7M |
| Creative Planning | 0.00% | Add +1.0% | 57,470 | $3.7M |
| Asset Management One Co., Ltd. | 0.01% | No change | 57,318 | $3.7M |
| Harvest Portfolios Group Inc. | 0.07% | Add +15.0% | 56,221 | $3.6M |
| Commonwealth Equity Services, LLC | 0.00% | Add +71.1% | 55,435 | $3.6M |
| Utah Retirement Systems | 0.03% | Add +0.9% | 53,395 | $3.4M |
| Cary Street Partners Financial LLC | 0.09% | Add +2.6% | 52,368 | $3.4M |
| Sei Investments Co. | 0.00% | Reduce -0.1% | 52,290 | $3.4M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | Add +6.2% | 52,208 | $3.3M |
| Point72 (DIFC) Ltd | 0.23% | New | 50,506 | $3.2M |
| Inkwell Capital LLC | 3.28% | Reduce -1.6% | 50,034 | $3.2M |
| Cetera Investment Advisers | 0.00% | Add +21.4% | 49,330 | $3.2M |
| Quantinno Capital Management LP | 0.01% | Add +113.7% | 48,904 | $3.1M |
| Massachusetts Financial Services Co. | 0.00% | Reduce -40.6% | 48,386 | $3.1M |
| Arkadios Wealth Advisors | 0.08% | Add +40.8% | 48,055 | $3.1M |
| Iridian Asset Management LLC | 1.20% | Add +1.7% | 47,389 | $3.0M |
| Capital Group Investment Management Pte. LTD. | 0.50% | Add +5.9% | 46,927 | $3.0M |
| Natixis Advisors, LLC | 0.00% | Reduce -10.5% | 46,201 | $3.0M |
| Marshall Wace, LLP | 0.00% | New | 45,952 | $2.9M |
| HRT Financial LP | 0.01% | Add +1082.6% | 45,614 | $2.9M |
| Commerce Bank | 0.02% | Add +0.1% | 44,592 | $2.9M |
| Skandinaviska Enskilda Banken AB (publ) | 0.01% | Reduce -1.4% | 44,242 | $2.8M |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 42,344 | $2.8M |
| Nichols & Pratt Advisers LLP | 0.17% | Add +3.1% | 43,169 | $2.8M |
| Founders Capital Management, LLC | 0.42% | No change | 41,816 | $2.7M |
| Hillsdale Investment Management Inc. | 0.08% | Add +23154.1% | 39,532 | $2.5M |
| Orion Porfolio Solutions, LLC | 0.02% | Add +11.3% | 38,498 | $2.5M |
| Capital Fund Management S.A. | 0.02% | Add +48.1% | 37,847 | $2.4M |
| Primecap Management Co. | 0.00% | Reduce -44.9% | 37,600 | $2.4M |
| Stifel Financial Corp. | 0.00% | Reduce -7.2% | 35,954 | $2.3M |
| Waverly Advisors, LLC | 0.02% | Add +17.6% | 35,632 | $2.3M |
| Xponance LLC | 0.02% | Add +2.4% | 35,369 | $2.3M |
| Savoir Faire Capital Management, L.P. | 0.81% | Reduce -5.2% | 35,122 | $2.3M |
| Truist Financial Corp. | 0.00% | Reduce -1.4% | 34,556 | $2.2M |
| Oppenheimer & Co. Inc. | 0.03% | Add +6.2% | 34,524 | $2.2M |
| Gotham Asset Management | 0.01% | Add +126.3% | 33,467 | $2.1M |
| Voya Investment Management LLC | 0.00% | Reduce -68.8% | 32,047 | $2.1M |
| &partners | 0.01% | Add +21.6% | 32,115 | $2.0M |
| Blueshift Asset Management, LLC | 0.62% | Add +71.2% | 31,551 | $2.0M |
| Assetmark, Inc. | 0.00% | Add +6.8% | 31,469 | $2.0M |
| Gateway Investment Advisers LLC | 0.02% | Reduce -29.4% | 31,199 | $2.0M |
| Quantessence Capital LLC | 0.61% | New | 30,221 | $1.9M |
| Avanza Fonder AB | 0.05% | No change | 21,589 | $1.9M |
| USS Investment Management Ltd | 0.01% | No change | 28,149 | $1.8M |
| Ameriprise Financial Inc. | 0.00% | Reduce -3.7% | 24,901 | $1.8M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +2.0% | 25,321 | $1.7M |
| Bennett Selby Investments LP | 0.54% | Reduce -0.7% | 25,474 | $1.6M |
| Aspire Private Capital, LLC | 0.35% | Add +8.0% | 25,060 | $1.6M |
| Callahan Advisors, LLC | 0.14% | No change | 25,030 | $1.6M |
| Capstone Investment Advisors, LLC | 0.02% | Add +38.1% | 24,705 | $1.6M |
| Engineers Gate Manager LP | 0.02% | Reduce -66.3% | 24,528 | $1.6M |
| M&T Bank Corp | 0.01% | Reduce -1.2% | 24,330 | $1.6M |
| Neuberger Berman Group LLC | 0.00% | Reduce -60.7% | 23,619 | $1.5M |
| Wellington Management Group LLP | 0.00% | Add +0.6% | 23,553 | $1.5M |
| Amalgamated Bank | 0.01% | Add +4.4% | 23,045 | $1.5M |
| Tower Research Capital LLC (TRC) | 0.04% | Add +484.0% | 22,909 | $1.5M |
| Lee Financial Co | 0.18% | Reduce -1.4% | 22,109 | $1.4M |
| Fiduciary Family Office, LLC | 0.40% | Add +125.2% | 21,902 | $1.4M |
| AQR Capital Management | 0.00% | Add +518.0% | 21,727 | $1.4M |
| Allianz Asset Management GmbH | 0.00% | Add +10.0% | 16,327 | $1.4M |
| Qube Research & Technologies Ltd | 0.00% | Reduce -52.5% | 21,539 | $1.4M |
| Swiss Life Asset Management Ltd | 0.01% | Add +15.1% | 21,274 | $1.4M |
| California State Teachers Retirement System | 0.00% | Add +0.5% | 20,503 | $1.3M |
| BNP Paribas Financial Markets | 0.00% | Add +4.5% | 20,373 | $1.3M |
| Kentucky Retirement Systems | 0.04% | New | 20,313 | $1.3M |
| Royal Fund Management, LLC | 0.15% | Reduce -9.1% | 19,930 | $1.3M |
| Gulf International Bank (UK) Ltd | 0.04% | Reduce -2.7% | 14,292 | $1.3M |
| Cerity Partners LLC | 0.00% | Reduce -1.5% | 19,888 | $1.3M |
| Jump Financial, LLC | 0.02% | New | 19,601 | $1.3M |
| SummitTX Capital, L.P. | 0.05% | New | 19,325 | $1.2M |
| Fiduciary Trust Co | 0.01% | Reduce -0.1% | 19,027 | $1.2M |
| Hudson Portfolio Management LLC | 1.08% | Reduce -0.5% | 18,942 | $1.2M |
| Machina Capital S.A.S. | 0.21% | New | 18,931 | $1.2M |
| Crossmark Global Holdings, Inc. | 0.02% | Add +3.9% | 18,405 | $1.2M |
| Osaic Holdings, Inc. | 0.00% | Reduce -11.1% | 17,515 | $1.1M |
| Mariner, LLC | 0.00% | Reduce -16.4% | 17,529 | $1.1M |
| Alerus Financial NA | 0.06% | Reduce -2.0% | 17,148 | $1.1M |
| First Trust Advisors LP | 0.00% | Add +377.5% | 17,041 | $1.1M |
| Wolverine Trading, LLC | 0.02% | Reduce -12.3% | 16,520 | $1.1M |
| Prudential Financial Inc. | 0.00% | Add +2.1% | 16,660 | $1.1M |
| Braun Stacey Associates Inc. | 0.03% | No change | 16,269 | $1.0M |
| Royal London Asset Management Ltd. | 0.00% | No change | 16,189 | $1.0M |
| Hutner Capital Management Inc. | 0.43% | Reduce -1.1% | 15,786 | $1.0M |
| Maryland State Retirement & Pension System | 0.02% | No change | 15,725 | $1.0M |
| PNC Financial Services Group, Inc. | 0.00% | Add +11.0% | 15,713 | $1.0M |
| MetLife Investment Management, LLC | 0.00% | Add +2.6% | 15,161 | $972K |
| Captrust Financial Advisors | 0.00% | Add +71.5% | 14,847 | $952K |
| CIBC Private Wealth Group LLC | 0.00% | Add +2.7% | 14,694 | $942K |
| OneDigital Investment Advisors LLC | 0.01% | Reduce -2.6% | 14,669 | $941K |
| Waterfront Wealth Inc. | 0.19% | Reduce -0.3% | 13,470 | $912K |
| Nilsine Partners, LLC | 0.08% | New | 14,166 | $909K |
| Corient Private Wealth LP | 0.00% | Reduce -45.1% | 13,841 | $888K |
| Westerkirk Capital Inc. | 0.10% | Reduce -16.9% | 13,790 | $884K |
| Moloney Securities Asset Management, LLC | 0.11% | Reduce -41.4% | 13,746 | $882K |
| ASR Vermogensbeheer N.V. | 0.01% | Add +1.6% | 13,583 | $872K |
| Metis Global Partners, LLC | 0.02% | Add +1.7% | 13,496 | $866K |
| Blackstone Inc. | 0.00% | New | 13,316 | $854K |
| Aspiriant, LLC | 0.03% | Reduce -0.1% | 13,072 | $838K |
| Lebenthal Global Advisors, LLC | 0.14% | Add +82.3% | 12,735 | $817K |
| Investment Management Corp of Ontario | 0.01% | Reduce -38.6% | 12,238 | $785K |
| Fox Run Management, L.L.C. | 0.12% | New | 12,177 | $781K |
| Kendall Capital Management | 0.18% | Add +3.8% | 12,165 | $780K |
| Summit Trail Advisors, LLC | 0.01% | New | 12,108 | $777K |
| Boston Partners | 0.00% | Reduce -2.4% | 21,021 | $746K |
| Picton Mahoney Asset Management | 0.01% | Reduce -96.0% | 11,428 | $733K |
| Generali Asset Management SPA SGR | 0.02% | Add +1.7% | 8,108 | $724K |
| Quadrant Capital Group LLC | 0.02% | Reduce -0.1% | 11,267 | $723K |
| AE Wealth Management LLC | 0.00% | Add +14.5% | 11,025 | $707K |
| Empowered Funds, LLC | 0.01% | New | 10,969 | $704K |
| Wolverine Asset Management LLC | 0.05% | No change | 10,833 | $695K |
| Jane Street Group, LLC | 0.00% | Reduce -90.5% | 10,708 | $687K |
| Principal Financial Group Inc. | 0.00% | Reduce -31.9% | 10,581 | $679K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +0.8% | 10,544 | $676K |
| Leonteq Securities AG | 0.04% | Reduce -15.6% | 10,541 | $676K |
| Mercer Global Advisors Inc. | 0.00% | Add +11.6% | 10,252 | $658K |
| Sanders Morris Harris LLC | 0.09% | New | 10,250 | $657K |
| Lanark Financial, Inc. | 0.05% | Reduce -18.7% | 9,914 | $636K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -4.7% | 9,655 | $619K |
| Cullen Investment Group, LTD. | 0.08% | Reduce -0.6% | 8,896 | $609K |
| Pathstone Holdings, LLC | 0.00% | Add +26.0% | 9,411 | $604K |
| STRS Ohio | 0.00% | Reduce -73.7% | 9,409 | $604K |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Reduce -9.4% | 9,363 | $601K |
| Applied Finance Capital Management, LLC | 0.04% | New | 9,261 | $594K |
| BKM Wealth Management, LLC | 0.22% | Reduce -0.6% | 9,107 | $584K |
| Quantitative Investment Management, LLC | 0.08% | New | 9,088 | $582K |
| Quantbot Technologies LP | 0.02% | New | 8,755 | $562K |
| Kentucky Retirement Systems Insurance Trust Fund | 0.04% | New | 8,514 | $546K |
| Sumitomo Life Insurance Co. | 0.02% | Reduce -3.1% | 8,449 | $542K |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.00% | Reduce -3.1% | 8,449 | $542K |
| HB Wealth Management, LLC | 0.00% | Reduce -12.7% | 8,432 | $541K |
| Guardian Partners Inc. | 0.05% | Add +3.3% | 8,151 | $540K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -8.1% | 8,407 | $539K |
| Farringdon Capital, Ltd. | 0.14% | New | 8,363 | $536K |
| D.A. Davidson & Co. | 0.00% | Add +0.0% | 8,297 | $532K |
| US Bancorp \de | 0.00% | Add +10.7% | 8,226 | $528K |
| Prospera Financial Services Inc | 0.01% | Reduce -7.4% | 8,166 | $524K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +3.3% | 8,055 | $517K |
| Walleye Capital LLC | 0.00% | Reduce -46.5% | 8,000 | $513K |
| Intech Investment Management LLC | 0.00% | Reduce -1.4% | 7,891 | $506K |
| Legacy Wealth Asset Management, LLC | 0.12% | Add +2.5% | 7,868 | $505K |
| Banco Santander, S.A. | 0.00% | Reduce -33.9% | 7,787 | $499K |
| Roundview Capital LLC | 0.03% | No change | 7,754 | $497K |
| Brevan Howard Capital Management LP | 0.01% | New | 7,573 | $486K |
| Sterling Capital Management LLC | 0.01% | Reduce -6.8% | 7,566 | $485K |
| Yousif Capital Management, LLC | 0.01% | Add +1.5% | 7,305 | $469K |
| MML Investors Services, LLC | 0.00% | Reduce -4.0% | 7,292 | $468K |
| UniSuper Management Pty Ltd | 0.00% | No change | 5,200 | $464K |
| Probity Advisors, Inc. | 0.07% | Reduce -0.2% | 7,131 | $457K |
| Exencial Wealth Advisors, LLC | 0.01% | Add +9.9% | 6,982 | $448K |
| Raleigh Capital Management Inc. | 0.17% | Reduce -1.6% | 6,825 | $438K |
| Signaturefd, LLC | 0.01% | Add +8.6% | 6,663 | $427K |
| Principal Securities, Inc. | 0.01% | Add +9.3% | 6,614 | $424K |
| Geneos Wealth Management Inc. | 0.01% | Reduce -1.8% | 6,500 | $417K |
| Strategic Investment Advisors / MI | 0.04% | Reduce -2.0% | 6,497 | $417K |
| Quarry LP | 0.11% | New | 6,431 | $412K |
| Knollwood Investment Advisory, LLC | 0.04% | No change | 6,278 | $403K |
| SIG North Trading, ULC | 0.06% | Reduce -80.6% | 6,155 | $395K |
| TD Private Client Wealth LLC | 0.01% | Add +1.6% | 5,763 | $370K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -3.3% | 5,751 | $369K |
| Ieq Capital, LLC | 0.00% | New | 5,748 | $369K |
| Argonautica Private Wealth Management, Inc. | 0.10% | Add +11.0% | 5,603 | $359K |
| Atria Investments, Inc | 0.00% | Add +6.6% | 5,598 | $359K |
| Sowell Financial Services LLC | 0.01% | Add +11.4% | 5,597 | $359K |
| Shelton Capital Management | 0.01% | No change | 5,559 | $357K |
| New England Research & Management, Inc. | 0.16% | Reduce -30.2% | 5,549 | $356K |
| Cigna Investments Inc. | 0.05% | No change | 5,506 | $353K |
| Beverly Hills Private Wealth, LLC | 0.06% | Reduce -1.9% | 5,467 | $351K |
| Hardy Reed LLC | 0.03% | Add +33.2% | 5,372 | $345K |
| Richard W. Paul & Associates, LLC | 0.12% | Add +4.6% | 5,269 | $338K |
| Benjamin Edwards Inc. | 0.00% | Reduce -21.8% | 5,199 | $333K |
| FORA Capital, LLC | 0.06% | New | 5,184 | $333K |
| Syon Capital LLC | 0.02% | Add +27.3% | 5,160 | $331K |
| NewEdge Advisors, LLC | 0.00% | Add +176.1% | 5,097 | $327K |
| Meadowbrook Wealth Management, LLC | 0.34% | — | 5,075 | $326K |
| Pitcairn Co. | 0.03% | New | 5,055 | $324K |
| Bridgefront Capital, LLC | 0.09% | New | 4,990 | $320K |
| Ritholtz Wealth Management | 0.01% | No change | 4,983 | $320K |
| Cumberland Partners Ltd | 0.02% | Reduce -14.0% | 4,900 | $314K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Reduce -3.7% | 4,816 | $309K |
| Tacita Capital Inc | 0.18% | Add +2.5% | 4,675 | $300K |
| Phillips Wealth Planners LLC | 0.24% | Add +21.8% | 4,192 | $289K |
| MAI Capital Management | 0.00% | Reduce -3.6% | 4,430 | $284K |
| Credit Agricole S A | 0.00% | — | 4,414 | $283K |
| Wilmington Savings Fund Society, FSB | 0.01% | Reduce -17.4% | 4,322 | $277K |
| Private Advisor Group, LLC | 0.00% | Add +2.3% | 4,215 | $270K |
| Waldron Private Wealth LLC | 0.01% | No change | 4,150 | $269K |
| Jones Financial Companies LLLP | 0.00% | Add +30.4% | 4,106 | $267K |
| Laird Norton Wetherby Wealth Management, LLC | 0.01% | Reduce -9.8% | 4,102 | $263K |
| Sanctuary Advisors, LLC | 0.00% | Add +14.3% | 4,046 | $259K |
| FSM Wealth Advisors, LLC | 0.04% | Add +1.0% | 4,020 | $258K |
| Burney Co./ | 0.01% | Reduce -11.8% | 3,960 | $254K |
| Cardinal Point Capital Management ULC | 0.02% | No change | 3,902 | $250K |
| Chase Investment Counsel Corp. | 0.07% | Reduce -16.8% | 3,747 | $240K |
| XTX Topco Ltd | 0.01% | New | 3,677 | $236K |
| Whetstone Capital Advisors, LLC | 0.06% | New | 3,647 | $234K |
| Mgo One Seven LLC | 0.01% | New | 3,631 | $233K |
| Vise Technologies, Inc. | 0.01% | Reduce -10.2% | 3,593 | $230K |
| Robertson Stephens Wealth Management, LLC | 0.01% | No change | 3,490 | $226K |
| Dimension Capital Management LLC | 0.03% | No change | 3,501 | $225K |
| Synovus Financial Corp. | 0.00% | No change | 3,478 | $223K |
| Oppenheimer Asset Management Inc. | 0.00% | Add +1.7% | 3,447 | $221K |
| Coldstream Capital Management Inc. | 0.00% | Add +11.7% | 3,393 | $218K |
| Hantz Financial Services, Inc. | 0.00% | Reduce -1.8% | 3,306 | $212K |
| HighTower Advisors, LLC | 0.00% | Reduce -19.0% | 3,176 | $204K |
| Strategic Wealth Partners, Ltd. | 0.01% | No change | 3,032 | $194K |
| Cwm, LLC | 0.00% | Add +63.5% | 2,563 | $164K |
| Advisory Services Network, LLC | 0.00% | New | 2,415 | $155K |
| Parallax Volatility Advisers, L.P. | 0.01% | Reduce -16.2% | 2,387 | $153K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +13.9% | 2,128 | $136K |
| Caldwell Sutter Capital, Inc. | 0.06% | Reduce -0.7% | 2,097 | $135K |
| GAMMA Investing LLC | 0.01% | Reduce -2.7% | 1,935 | $124K |
| Bayforest Capital Ltd | 0.06% | New | 1,927 | $124K |
| Nisa Investment Advisors, LLC | 0.00% | New | 1,855 | $121K |
| Covestor Ltd | 0.06% | New | 1,820 | $117K |
| Byrne Asset Management LLC | 0.08% | New | 1,780 | $114K |
| Wealthspire Advisors, LLC | 0.00% | New | 1,617 | $104K |
| Parallel Advisors, LLC | 0.00% | Reduce -3.7% | 1,594 | $102K |
| Bank Julius Baer & Co. Ltd, Zurich | 0.00% | Add +37.0% | 1,532 | $98K |
| Allworth Financial LP | 0.00% | Reduce -4.1% | 1,458 | $93K |
| Natixis | 0.00% | Add +11.6% | 1,451 | $93K |
| Bay Harbor Wealth Management, LLC | 0.03% | Add +8.4% | 1,446 | $93K |
| Farther Finance Advisors, LLC | 0.00% | Add +11.7% | 1,371 | $88K |
| Advisors Asset Management, Inc. | 0.00% | Reduce -55.1% | 1,346 | $86K |
| Stonehage Fleming Financial Services Holdings Ltd | 0.00% | No change | 1,300 | $83K |
| Cromwell Holdings LLC | 0.04% | Add +45.6% | 1,079 | $70K |
| Versant Capital Management, Inc | 0.01% | Reduce -53.1% | 1,057 | $68K |
| Caitong International Asset Management Co., Ltd | 0.05% | Reduce -6.6% | 1,041 | $67K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +41.0% | 1,032 | $66K |
| Crewe Advisors LLC | 0.01% | Reduce -5.3% | 1,013 | $65K |
| Rosenberg Matthew Hamilton | 0.01% | No change | 1,000 | $64K |
| Pension & Wealth Management Advisors, Inc. | 0.02% | Add +7.3% | 989 | $63K |
| Transamerica Financial Advisors, LLC | 0.00% | New | 849 | $55K |
| Grove Bank & Trust | 0.01% | Reduce -20.1% | 846 | $54K |
| Bogart Wealth, LLC | 0.00% | Add +3.6% | 800 | $51K |
| IFP Advisors, Inc | 0.00% | Add +18.1% | 764 | $49K |
| Capital Analysts, LLC | 0.00% | No change | 766 | $49K |
| Exchange Traded Concepts, LLC | 0.00% | New | 751 | $48K |
| Pflug Koory, LLC | 0.02% | No change | 716 | $46K |
| New Vernon Capital Holdings II LLC | 0.02% | No change | 707 | $45K |
| Huntington National Bank | 0.00% | No change | 688 | $44K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 635 | $41K |
| HM Payson & Co. | 0.00% | No change | 618 | $40K |
| Parkside Financial Bank & Trust | 0.00% | Add +8.8% | 580 | $37K |
| Smartleaf Asset Management LLC | 0.00% | Add +25.2% | 536 | $35K |
| Blue Trust, Inc. | 0.00% | No change | 543 | $35K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -5.6% | 503 | $32K |
| Cary Street Partners Investment Advisory LLC | 0.01% | Reduce -4.4% | 500 | $32K |
| City State Bank | 0.01% | No change | 490 | $31K |
| Hazlett, Burt & Watson, Inc. | 0.01% | Reduce -13.5% | 480 | $31K |
| Valley National Advisers Inc. | 0.00% | No change | 495 | $31K |
| Steigerwald, Gordon & Koch Inc. | 0.00% | New | 450 | $29K |
| UMB Bank, n.a. | 0.00% | Reduce -29.9% | 425 | $27K |
| Arax Advisory Partners | 0.00% | Add +2026.3% | 404 | $26K |
| Towarzystwo Funduszy Inwestycyjnych Pzu SA | 0.01% | No change | 380 | $24K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +57.0% | 361 | $23K |
| Pinnacle Bancorp, Inc. | 0.01% | New | 357 | $23K |
| Measured Wealth Private Client Group, LLC | 0.01% | New | 350 | $22K |
| Hartford Financial Management Inc. | 0.01% | Add +10.5% | 347 | $22K |
| Brown Brothers Harriman & Co. | 0.00% | Reduce -23.1% | 327 | $21K |
| Mather Group, Llc. | 0.00% | New | 324 | $21K |
| Private Trust Co. NA | 0.00% | Reduce -38.0% | 322 | $21K |
| Wealth Watch Advisors, INC | 0.01% | New | 314 | $20K |
| Fifth Third Bancorp | 0.00% | Add +67.4% | 308 | $20K |
| Global Retirement Partners, LLC | 0.00% | Reduce -22.3% | 293 | $19K |
| Bessemer Group Inc. | 0.00% | Add +1613.3% | 257 | $17K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 261 | $17K |
| Pacifica Partners Inc. | 0.01% | No change | 245 | $16K |
| Harbour Investments, Inc. | 0.00% | Add +9.6% | 216 | $14K |
| GPS Wealth Strategies Group, LLC | 0.00% | No change | 209 | $13K |
| Sound Income Strategies, LLC | 0.00% | No change | 177 | $12K |
| Mechanics Financial Corp | 0.00% | No change | 174 | $11K |
| AdvisorNet Financial, Inc | 0.00% | Reduce -48.8% | 169 | $11K |
| Foster Dykema Cabot & Partners, LLC | 0.00% | New | 158 | $10K |
| Wealth Preservation Advisors, LLC | 0.01% | Add +16.8% | 153 | $10K |
| Quest 10 Wealth Builders, Inc. | 0.01% | Add +5.3% | 139 | $9K |
| Indiana Trust & Investment Management Co | 0.00% | No change | 127 | $8K |
| Golden State Wealth Management, LLC | 0.00% | No change | 123 | $8K |
| Westside Investment Management, Inc. | 0.00% | New | 116 | $8K |
| CoreCap Advisors, LLC | 0.00% | Add +79.4% | 113 | $7K |
| Clearstead Advisors, LLC | 0.00% | New | 111 | $7K |
| Financial Management Professionals, Inc. | 0.00% | No change | 108 | $7K |
| JPL Wealth Management, LLC | 0.00% | New | 108 | $7K |
| Harbor Investment Advisory, LLC | 0.00% | No change | 108 | $7K |
| Creative Financial Designs Inc. | 0.00% | Add +3.9% | 108 | $7K |
| Spire Wealth Management | 0.00% | No change | 105 | $7K |
| Salem Investment Counselors Inc. | 0.00% | No change | 100 | $6K |
| Cedar Mountain Advisors, LLC | 0.00% | No change | 96 | $6K |
| NBT Bank, N.A. | 0.00% | Reduce -15.8% | 64 | $5K |
| First Community Trust NA | 0.00% | No change | 75 | $5K |
| JFS Wealth Advisors, LLC | 0.00% | No change | 73 | $5K |
| Tsfg, LLC | 0.00% | Add +1.7% | 61 | $4K |
| Nalls Sherbakoff Group, LLC | 0.00% | No change | 54 | $3K |
| Quent Capital, LLC | 0.00% | New | 54 | $3K |
| Bell Investment Advisors, Inc | 0.00% | No change | 53 | $3K |
| Trust Co. of Toledo NA | 0.00% | Reduce -26.1% | 51 | $3K |
| Optiver Holding B.V. | 0.00% | Add +75.9% | 51 | $3K |
| Gold Investment Management Ltd. | 0.00% | No change | 49 | $3K |
| Cape Investment Advisory, Inc. | 0.00% | Add +67.9% | 47 | $3K |
| CX Institutional | 0.00% | Reduce -90.3% | 50 | $3K |
| Hughes Financial Services, LLC | 0.00% | No change | 37 | $3K |
| True Wealth Design, LLC | 0.00% | Add +143.8% | 39 | $3K |
| Clearstead Trust, LLC | 0.00% | New | 38 | $2K |
| Rossby Financial, LCC | 0.00% | No change | 24 | $2K |
| Asset Dedication, LLC | 0.00% | Reduce -23.3% | 23 | $1K |
| Essential Partners LLC | 0.00% | New | 22 | $1K |
| Rothschild Investment LLC | 0.00% | Add +110.0% | 21 | $1K |
| Millstone Evans Group, LLC | 0.00% | No change | 18 | $1K |
| Larson Financial Group LLC | 0.00% | New | 18 | $1K |
| Penserra Capital Management LLC | 0.00% | Reduce -22.2% | 21 | $1K |
| Nova Wealth Management, Inc. | 0.00% | No change | 15 | $962 |
| Tortoise Investment Management, LLC | 0.00% | New | 12 | $770 |
| Raffa Wealth Management, LLC | 0.00% | No change | 11 | $706 |
| MV Capital Management, Inc. | 0.00% | New | 10 | $642 |
| St Germain D J Co. Inc. | 0.00% | No change | 10 | $641 |
| Cornerstone Planning Group LLC | 0.00% | Reduce -71.4% | 10 | $589 |
| Physician Wealth Advisors, Inc. | 0.00% | No change | 8 | $537 |
| Turning Point Benefit Group, Inc. | 0.00% | New | 6 | $396 |
| IAG Wealth Partners, LLC | 0.00% | No change | 6 | $385 |
| SouthState Bank Corp | 0.00% | New | 5 | $321 |
| Manchester Capital Management LLC | 0.00% | Reduce -40.0% | 3 | $193 |
| Sunbelt Securities, Inc. | 0.00% | New | 3 | $192 |
| Smallwood Wealth Investment Management, LLC | 0.00% | No change | 2 | $128 |
| Main Street Group, LTD | 0.00% | No change | 1 | $64 |
| Rakuten Securities, Inc. | 0.00% | No change | 1 | $64 |
"% of holder's portfolio" is QSR's weight in each manager's 13F, not the share of Restaurant Brands Intern the manager owns.