Restaurant Brands InternQSR
13F holders, Q4 2025 (December 31)506holders +42
67new positions
42sold out
9famous investors
$68.34avg. 13F price*
At the end of Q4 2025, 506 institutions reported holding Restaurant Brands Intern (QSR) in their 13F filings, up 42 from Q3 2025. 67 opened new positions and 42 sold out. The largest holders were Capital World Investors ($3.0B), Pershing Square ($1.6B) and Royal Bank of Canada ($1.3B). 9 famous investors held it, including Seth Klarman (10.4% of Baupost Group's portfolio), Bill Ackman (10.0% of Pershing Square's portfolio) and Stanley Druckenmiller (2.0% 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 Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 67 | $188.0M |
| Exits | 42 | $212.6M |
All 13F filers, Q3 2025 → Q4 2025: 24,195,406 shares bought and 22,835,583 shares sold, net +1,359,823 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 506 holders
| Capital World Investors | 0.41% | Add +7.7% | 43,525,570 | $3.0B |
| Pershing Square | 10.05% | Reduce -0.2% | 22,866,773 | $1.6B |
| Royal Bank of Canada | 0.22% | Reduce -19.6% | 18,544,727 | $1.3B |
| EdgePoint Investment Group Inc. | 9.33% | Add +11.7% | 16,645,003 | $1.1B |
| Vanguard Group Inc. | 0.02% | Add +2.2% | 15,983,585 | $1.1B |
| Bank of Montreal | 0.43% | Add +25.5% | 15,219,947 | $1.0B |
| Morgan Stanley | 0.03% | Add +24.2% | 8,429,121 | $575.1M |
| Baupost Group | 10.44% | Reduce -2.1% | 8,080,112 | $551.3M |
| FMR LLC | 0.03% | Reduce -9.4% | 7,941,984 | $541.9M |
| BlackRock, Inc. | 0.01% | Add +3.1% | 7,522,380 | $513.3M |
| Fiera Capital Corp | 1.48% | Add +38.2% | 6,835,522 | $466.6M |
| Beutel, Goodman & Co Ltd. | 2.33% | Add +6.0% | 5,548,020 | $379.1M |
| TD Asset Management Inc | 0.30% | Add +0.7% | 5,544,780 | $378.9M |
| Geode Capital Management, LLC | 0.02% | Add +6.0% | 5,216,985 | $365.3M |
| FIL Ltd | 0.23% | Reduce -0.9% | 4,430,035 | $302.3M |
| Platinum Paramount Investment LTD. | 34.83% | — | 4,118,904 | $281.0M |
| Davis Selected Advisers | 1.23% | Add +13.5% | 4,020,791 | $274.3M |
| Norges Bank | 0.03% | — | 3,820,684 | $260.7M |
| 1832 Asset Management L.P. | 0.33% | Add +22.7% | 3,817,946 | $260.5M |
| National Bank of Canada | 0.27% | Add +5.9% | 3,832,184 | $259.4M |
| Cibc World Market Inc. | 0.45% | Add +31.5% | 3,689,706 | $251.7M |
| Invesco Ltd. | 0.02% | Reduce -4.6% | 3,469,979 | $236.8M |
| Toronto Dominion Bank | 0.40% | Add +165.2% | 3,307,584 | $225.7M |
| Meritage Group LP | 6.79% | Reduce -2.4% | 3,200,731 | $218.4M |
| State Street Corp. | 0.01% | Add +1.1% | 3,155,112 | $217.2M |
| Canada Pension Plan Investment Board | 0.13% | Reduce -5.1% | 2,750,378 | $187.7M |
| Goldman Sachs Group Inc. | 0.02% | Reduce -75.3% | 2,523,391 | $172.2M |
| Canoe Financial LP | 2.31% | Reduce -1.3% | 2,489,553 | $169.9M |
| Corvex Management LP | 5.47% | No change | 2,408,743 | $164.3M |
| Capital Research Global Investors | 0.03% | Add +0.1% | 2,040,125 | $139.2M |
| Bank of America Corp. | 0.01% | Add +4.5% | 2,022,208 | $138.0M |
| Mackenzie Financial Corp. | 0.15% | Reduce -3.9% | 1,818,754 | $124.7M |
| Legal & General Group Plc | 0.03% | Add +5.1% | 1,693,511 | $115.7M |
| JPMorgan Chase & Co. | 0.01% | Reduce -3.4% | 1,470,773 | $100.4M |
| Scotia Capital Inc. | 0.40% | Reduce -2.9% | 1,457,477 | $99.1M |
| UBS Group AG | 0.02% | Add +42.5% | 1,408,839 | $96.1M |
| CIBC Asset Management Inc | 0.22% | Reduce -38.9% | 1,317,198 | $90.4M |
| Dimensional Fund Advisors LP | 0.02% | Add +0.7% | 1,264,430 | $86.3M |
| Duquesne Family Office | 1.95% | Add +6.9% | 1,209,000 | $82.5M |
| Citadel Advisors | 0.06% | Reduce -37.3% | 1,188,246 | $81.1M |
| Manufacturers Life Insurance Company, The | 0.07% | Reduce -2.7% | 1,181,217 | $80.8M |
| Bank of New York Mellon Corp | 0.01% | Reduce -3.2% | 1,001,210 | $68.3M |
| Aviso Financial Inc. | 2.60% | Add +2.8% | 1,000,550 | $68.3M |
| TD Waterhouse Canada Inc. | 0.41% | Reduce -15.6% | 974,201 | $66.2M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +3.1% | 959,998 | $65.6M |
| Northern Trust Corp. | 0.01% | Add +1.3% | 945,500 | $64.5M |
| Guardian Capital LP | 1.79% | Reduce -21.4% | 881,913 | $60.2M |
| Alberta Investment Management Corp | 0.39% | No change | 866,100 | $59.1M |
| River Road Asset Management, LLC | 0.65% | Reduce -40.8% | 863,570 | $58.9M |
| Epoch Investment Partners, Inc. | 0.33% | Reduce -3.6% | 846,963 | $57.8M |
| Swiss National Bank | 0.03% | Reduce -7.8% | 825,430 | $56.4M |
| Bank of Nova Scotia | 0.08% | Reduce -21.4% | 824,469 | $56.3M |
| Nuveen, LLC | 0.01% | Reduce -1.7% | 694,702 | $47.4M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | 3.72% | Reduce -3.5% | 467,154 | $43.8M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.05% | New | 609,993 | $42.5M |
| Letko, Brosseau & Associates Inc. | 0.68% | Add +0.6% | 604,192 | $41.3M |
| GW&K Investment Management, LLC | 0.35% | Reduce -0.5% | 588,012 | $40.1M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.10% | Add +712.5% | 570,138 | $38.9M |
| Squarepoint Ops LLC | 0.08% | Add +49.5% | 569,717 | $38.9M |
| Continental Grain Co. | 11.36% | No change | 559,178 | $38.2M |
| Raymond James Financial Inc. | 0.01% | Reduce -16.4% | 526,648 | $35.9M |
| Intact Investment Management Inc. | 0.99% | Reduce -33.6% | 504,261 | $34.4M |
| Deutsche Bank AG | 0.01% | Reduce -29.8% | 499,889 | $34.1M |
| Mufg Securities (canada), LTD. | 0.95% | Reduce -8.0% | 499,134 | $34.1M |
| Millennium Management | 0.03% | Add +690.1% | 493,468 | $33.7M |
| Capital International Sarl | 0.52% | Add +32.9% | 471,677 | $32.2M |
| Envestnet Asset Management Inc. | 0.01% | Reduce -3.0% | 468,156 | $31.9M |
| Addenda Capital Inc. | 0.88% | Reduce -1.0% | 318,202 | $30.1M |
| Federation des caisses Desjardins du Quebec | 0.11% | Reduce -23.3% | 437,567 | $29.8M |
| Janus Henderson Group PLC | 0.01% | Add +1.4% | 430,868 | $29.4M |
| Woodline Partners LP | 0.11% | New | 406,487 | $27.7M |
| Cidel Asset Management Inc. | 1.87% | Reduce -43.8% | 386,561 | $26.4M |
| MIC Capital Management UK LLP | 5.97% | No change | 386,203 | $26.4M |
| Hillsdale Investment Management Inc. | 0.71% | Add +851.5% | 376,147 | $25.7M |
| Scheer, Rowlett & Associates Investment Management Ltd. | 1.75% | Reduce -13.1% | 373,562 | $25.5M |
| Man Group plc | 0.05% | Reduce -54.0% | 361,912 | $24.7M |
| Amundi | 0.01% | Add +7.2% | 354,158 | $24.2M |
| Wells Fargo & Company | 0.00% | Add +18.2% | 352,506 | $24.1M |
| Baskin Financial Services Inc. | 1.80% | Add +0.1% | 350,091 | $23.9M |
| Seven Grand Managers, LLC | 1.82% | New | 350,000 | $23.9M |
| Bank of Nova Scotia Trust Co. | 1.95% | Add +9.8% | 328,140 | $22.4M |
| Rockefeller Capital Management L.P. | 0.04% | Add +26.9% | 325,904 | $22.2M |
| Rhumbline Advisers | 0.02% | Reduce -1.6% | 304,025 | $20.7M |
| Cannell & Spears LLC | 0.38% | Reduce -0.7% | 298,769 | $20.4M |
| Capital International Ltd. | 0.69% | Add +23.8% | 288,203 | $19.7M |
| D. E. Shaw & Co. | 0.02% | Add +396.5% | 286,960 | $19.6M |
| Soroban Capital Partners LP | 0.14% | No change | 300,000 | $19.2M |
| Dana Investment Advisors, Inc. | 0.55% | Reduce -0.6% | 274,727 | $18.7M |
| Wealth Enhancement Advisory Services, LLC | 0.02% | Add +937.7% | 262,765 | $17.8M |
| Aviva PLC | 0.03% | Add +5.8% | 248,654 | $17.0M |
| Capital International, Inc. | 0.13% | Add +8.4% | 239,219 | $16.3M |
| Van Eck Associates Corp. | 0.01% | New | 223,566 | $15.3M |
| Hook Mill Capital Partners, LP | 1.43% | New | 222,958 | $15.2M |
| Ameriprise Financial Inc. | 0.00% | Add +716.5% | 203,312 | $14.0M |
| Korea Investment CORP | 0.03% | Reduce -8.5% | 197,115 | $13.5M |
| New York State Common Retirement Fund | 0.02% | No change | 196,100 | $13.4M |
| State Board of Administration of Florida Retirement System | 0.02% | Add +65.7% | 191,887 | $13.1M |
| Trexquant Investment LP | 0.12% | New | 189,069 | $12.9M |
| First Manhattan Co. Llc. | 0.03% | Add +1.0% | 182,326 | $12.6M |
| Engineers Gate Manager LP | 0.14% | Add +624.3% | 177,647 | $12.1M |
"% of holder's portfolio" is QSR's weight in each manager's 13F, not the share of Restaurant Brands Intern the manager owns.