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

0200400600 Q1 2024: 461Q1 2024Q2 2024: 444Q2 2024Q3 2024: 463Q3 2024Q4 2024: 449Q4 2024Q1 2025: 458Q1 2025Q2 2025: 454Q2 2025Q3 2025: 464Q3 2025Q4 2025: 506Q4 2025Q1 2026: 550Q1 2026Q2 2026: 580Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions67$188.0M
Exits42$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
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.06% Reduce -8.9% 171,808 $11.7M
State of Tennessee, Department of Treasury 0.04% Reduce -3.5% 171,261 $11.5M
T. Rowe Price Associates Inc. 0.00% Add +7.7% 161,222 $11.0M
American Century Companies Inc. 0.01% Add +28.7% 160,913 $11.0M
Cullen/Frost Bankers, Inc. 0.12% Add +12.4% 159,816 $10.9M
Tidal Investments LLC 0.04% Add +22.8% 154,897 $10.6M
LPL Financial LLC 0.00% Add +5.0% 152,119 $10.4M
Cadence Bank 0.61% Add +1.0% 152,079 $10.4M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.02% Add +8.1% 148,717 $10.2M
Barclays PLC 0.00% Reduce -7.2% 146,392 $10.0M
Alliancebernstein L.P. 0.00% Add +0.4% 146,353 $10.0M
Verition Fund Management LLC 0.05% Reduce -1.3% 138,707 $9.5M
Treasurer of the State of North Carolina 0.03% Reduce -6.8% 135,566 $9.3M
CANADA LIFE ASSURANCE Co 0.02% Reduce -37.5% 135,610 $9.2M
Citigroup Inc. 0.01% Reduce -21.1% 133,787 $9.1M
Russell Investments Group, Ltd. 0.01% Add +33.5% 130,205 $8.9M
Pictet Asset Management Holding SA 0.01% Add +4.1% 125,016 $8.5M
Jump Financial, LLC 0.11% Add +513.3% 120,215 $8.2M
Mn Services Vermogensbeheer B.V. 0.05% Add +1.5% 118,082 $8.1M
Public Employees Retirement System of Ohio 0.03% Reduce -2.8% 117,801 $8.0M
State of Wisconsin Investment Board 0.02% New 109,043 $7.5M
Purpose Unlimited Inc. 0.34% — 107,443 $7.3M
Northwestern Mutual Wealth Management Co. 0.00% Add +7.0% 104,051 $7.1M
Northwest & Ethical Investments L.P. 0.16% Reduce -0.2% 100,972 $6.9M
Commonwealth Equity Services, LLC 0.01% Add +69.3% 93,836 $6.4M
AIA Group Ltd 0.09% Reduce -19.3% 89,710 $6.1M
Franklin Resources Inc. 0.00% Add +6.3% 88,747 $6.1M
Teachers Retirement System of the State of Kentucky 0.04% No change 86,700 $5.9M
Voya Investment Management LLC 0.01% Add +162.7% 84,170 $5.7M
Qube Research & Technologies Ltd 0.01% Add +284.7% 82,854 $5.7M
Bridgewater Associates 0.02% Reduce -29.6% 80,173 $5.5M
Gotham Asset Management 0.02% Add +134.5% 78,474 $5.4M
Louisbourg Investments Inc. 1.06% Reduce -29.8% 78,097 $5.3M
Lansforsakringar Fondforvaltning AB (publ) 0.03% Add +1.4% 75,061 $5.1M
Quantinno Capital Management LP 0.01% Add +47.4% 72,062 $4.9M
Forsta Ap-Fonden 0.03% Reduce -4.3% 71,600 $4.9M
Quartz Partners, LLC 1.80% Add +14.0% 70,810 $4.8M
Federated Hermes, Inc. 0.01% Add +16.6% 68,789 $4.7M
Landscape Capital Management, L.L.C. 0.30% Add +9.7% 66,603 $4.5M
Occudo Quantitative Strategies LP 0.30% New 65,144 $4.4M
Capricorn Fund Managers Ltd 1.07% Reduce -8.2% 65,089 $4.4M
PensionDanmark Pensionsforsikringsaktieselskab 0.04% — 62,882 $4.3M
AQR Capital Management 0.00% Add +187.2% 62,394 $4.3M
Creative Planning 0.00% Add +5.5% 60,644 $4.1M
Earnest Partners LLC 0.02% Reduce -20.6% 59,368 $4.1M
Capital Group Investment Management Pte. LTD. 0.65% Add +25.6% 58,966 $4.0M
Allspring Global Investments Holdings, LLC 0.01% Add +1.7% 59,306 $4.0M
Asset Management One Co., Ltd. 0.01% Add +0.3% 57,512 $4.0M
Harvest Portfolios Group Inc. 0.07% Add +1.2% 56,915 $3.9M
Stifel Financial Corp. 0.00% Add +50.8% 54,231 $3.7M
Partners Capital Investment Group, LLP 0.14% Reduce -15.6% 53,939 $3.7M
Arkadios Wealth Advisors 0.07% Add +11.8% 53,732 $3.7M
Cetera Investment Advisers 0.00% Add +8.8% 53,672 $3.7M
Nichols & Pratt Advisers LLP 0.23% Add +24.2% 53,634 $3.7M
Boothbay Fund Management, LLC 0.10% New 53,531 $3.7M
Utah Retirement Systems 0.03% No change 53,395 $3.6M
Natixis Advisors, LLC 0.01% Add +14.4% 52,868 $3.6M
Sei Investments Co. 0.00% Add +0.5% 52,564 $3.6M
Cary Street Partners Financial LLC 0.09% Add +0.1% 52,413 $3.6M
DekaBank Deutsche Girozentrale 0.01% No change 42,344 $3.5M
Public Sector Pension Investment Board 0.01% Reduce -37.2% 50,007 $3.4M
Police & Firemen's Retirement System of New Jersey 0.03% Reduce -5.0% 49,580 $3.4M
Inkwell Capital LLC 3.43% Reduce -1.4% 49,315 $3.4M
Machina Capital S.A.S. 0.63% Add +156.7% 48,590 $3.3M
Alta Capital Management LLC/ 0.22% Reduce -69.4% 47,423 $3.2M
Freestone Grove Partners LP 0.02% Reduce -56.4% 46,756 $3.2M
Natixis 0.01% Add +3040.2% 45,564 $3.1M
Skandinaviska Enskilda Banken AB (publ) 0.01% Reduce -2.9% 42,983 $2.9M
Founders Capital Management, LLC 0.43% No change 41,816 $2.9M
Schonfeld Strategic Advisors LLC 0.01% New 41,198 $2.8M
Investment Management Corp of Ontario 0.04% Add +228.6% 40,217 $2.7M
Waverly Advisors, LLC 0.02% Add +12.1% 39,954 $2.7M
Range Rock Capital, LLC 0.89% — 37,613 $2.6M
Primecap Management Co. 0.00% No change 37,600 $2.6M
Dynamic Technology Lab Private Ltd 0.58% New 37,367 $2.5M
Iridian Asset Management LLC 0.92% Reduce -22.5% 36,710 $2.5M
Xponance LLC 0.02% Add +3.4% 36,577 $2.5M
&partners 0.01% Add +12.8% 36,228 $2.5M
Assetmark, Inc. 0.00% Add +11.9% 35,224 $2.4M
Oppenheimer & Co. Inc. 0.03% Add +2.0% 35,205 $2.4M
Wellington Management Group LLP 0.00% Add +45.5% 34,276 $2.3M
Truist Financial Corp. 0.00% Reduce -1.3% 34,096 $2.3M
Great Lakes Retirement, Inc. 0.23% New 32,280 $2.2M
Commerce Bank 0.01% Reduce -27.0% 32,564 $2.2M
Donoghue Forlines LLC 0.68% New 32,389 $2.2M
Entropy Technologies, LP 0.12% New 31,872 $2.2M
Skye Global Management LP 0.04% Reduce -74.8% 31,815 $2.2M
Orion Porfolio Solutions, LLC 0.02% Reduce -21.0% 30,401 $2.1M
Timelo Investment Management Inc. 2.17% New 30,000 $2.0M
Maven Securities LTD 0.26% New 30,000 $2.0M
Avanza Fonder AB 0.05% No change 21,589 $2.0M
Boston Partners 0.00% Add +40.6% 29,564 $2.0M
USS Investment Management Ltd 0.01% No change 28,149 $1.9M
Empowered Funds, LLC 0.03% Add +156.3% 28,115 $1.9M
Lebenthal Global Advisors, LLC 0.29% Add +118.5% 27,831 $1.9M
Corient Private Wealth LP 0.00% Add +93.6% 26,792 $1.8M
Gateway Investment Advisers LLC 0.02% Reduce -17.3% 25,802 $1.8M
M&T Bank Corp 0.01% Add +5.8% 25,739 $1.8M
Credit Agricole S A 0.00% Add +467.9% 25,066 $1.7M
Callahan Advisors, LLC 0.14% No change 25,030 $1.7M
Aspire Private Capital, LLC 0.38% Reduce -0.3% 24,973 $1.7M
Bennett Selby Investments LP 0.55% Reduce -2.5% 24,842 $1.7M
Burkett Asset Management Ltd 1.71% — 24,772 $1.7M
Partners Group Holding AG 0.11% New 24,645 $1.7M
Qsemble Capital Management, LP 0.14% New 24,054 $1.6M
Hilltop National Bank 0.39% New 23,547 $1.6M
Amalgamated Bank 0.01% Add +0.8% 23,225 $1.6M
Fiduciary Family Office, LLC 0.45% Add +4.3% 22,848 $1.6M
Osaic Holdings, Inc. 0.00% Add +27.2% 22,274 $1.5M
Neuberger Berman Group LLC 0.00% Reduce -6.0% 22,210 $1.5M
Arrowstreet Capital, Limited Partnership 0.00% New 21,750 $1.5M
Swiss Life Asset Management Ltd 0.01% Reduce -0.4% 21,197 $1.4M
Blueshift Asset Management, LLC 0.41% Reduce -33.5% 20,985 $1.4M
Janney Montgomery Scott LLC 0.00% Add +261.2% 20,775 $1.4M
Kentucky Retirement Systems 0.04% No change 20,313 $1.4M
California State Teachers Retirement System 0.00% Reduce -1.8% 20,138 $1.4M
Lee Financial Co 0.18% Reduce -10.8% 19,720 $1.3M
Y-Intercept (Hong Kong) Ltd 0.03% New 19,701 $1.3M
Fox Run Management, L.L.C. 0.20% Add +59.7% 19,448 $1.3M
Thrivent Financial for Lutherans 0.00% New 19,019 $1.3M
Hudson Portfolio Management LLC 1.11% No change 18,942 $1.3M
Fiduciary Trust Co 0.01% Reduce -1.0% 18,843 $1.3M
Capula Management Ltd 0.01% Reduce -80.7% 18,794 $1.3M
Savoir Faire Capital Management, L.P. 0.58% Reduce -48.6% 18,063 $1.2M
First Trust Advisors LP 0.00% Add +5.5% 17,974 $1.2M
Jane Street Group, LLC 0.00% Add +67.0% 17,881 $1.2M
Hutner Capital Management Inc. 0.51% Add +12.7% 17,788 $1.2M
BNP Paribas Financial Markets 0.00% Reduce -13.6% 17,598 $1.2M
OpenArc Corporate Advisory, LLC 0.02% — 17,521 $1.2M
Picton Mahoney Asset Management 0.01% Add +53.1% 17,498 $1.2M
Mariner, LLC 0.00% Reduce -1.1% 17,336 $1.2M
Bank Ozk 0.42% New 17,274 $1.2M
Royal London Asset Management Ltd. 0.00% Add +4.6% 16,930 $1.2M
PNC Financial Services Group, Inc. 0.00% Add +6.4% 16,724 $1.1M
Braun Stacey Associates Inc. 0.04% Add +0.0% 16,274 $1.1M
Maryland State Retirement & Pension System 0.02% No change 15,725 $1.1M
MetLife Investment Management, LLC 0.01% Add +0.5% 15,240 $1.0M
Captrust Financial Advisors 0.00% Add +1.9% 15,136 $1.0M
Cerity Partners LLC 0.00% Reduce -24.1% 15,093 $1.0M
Royal Fund Management, LLC 0.09% Reduce -24.6% 15,030 $1.0M
Nilsine Partners, LLC 0.09% Add +5.1% 14,887 $1.0M
PCM Encore, LLC 0.21% — 14,604 $996K
Gulf International Bank (UK) Ltd 0.03% No change 14,292 $975K
Lombard Odier Asset Management (Switzerland) SA 0.04% New 13,841 $945K
Dorato Capital Management 0.70% — 13,356 $933K
ASR Vermogensbeheer N.V. 0.01% No change 13,583 $928K
Waterfront Wealth Inc. 0.17% Reduce -0.0% 13,467 $917K
Crossmark Global Holdings, Inc. 0.01% Reduce -27.1% 13,417 $915K
Mercer Global Advisors Inc. 0.00% Add +29.6% 13,292 $907K
Aspiriant, LLC 0.03% Add +0.1% 13,091 $893K
Kendall Capital Management 0.18% Add +3.1% 12,545 $856K
Generali Asset Management SPA SGR 0.02% Add +10.6% 8,965 $840K
Vanguard Personalized Indexing Management, LLC 0.01% Add +29.2% 12,094 $825K
CIBC Private Wealth Group LLC 0.00% Reduce -18.2% 12,023 $820K
AE Wealth Management LLC 0.00% Add +5.5% 11,626 $793K
O'shaughnessy Asset Management, LLC 0.00% Add +9.2% 11,511 $785K
North Dakota State Investment Board 0.03% — 11,400 $778K
Aigen Investment Management, LP 0.18% New 9,384 $768K
Quadrant Capital Group LLC 0.02% Reduce -0.9% 11,164 $762K
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% New 10,937 $746K
HB Wealth Management, LLC 0.00% Add +28.0% 10,795 $737K
Wolverine Asset Management LLC 0.04% Reduce -0.4% 10,787 $736K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% New 10,504 $717K
Steward Partners Investment Advisory, LLC 0.00% Add +383.9% 10,298 $703K
Metis Global Partners, LLC 0.02% Reduce -24.0% 10,255 $700K
Lanark Financial, Inc. 0.05% Reduce -0.3% 9,883 $674K
Pitcairn Wealth Advisors LLC 0.06% — 9,672 $660K
Pathstone Holdings, LLC 0.00% Add +1.5% 9,549 $652K
Prudential Financial Inc. 0.00% Reduce -43.3% 9,442 $644K
Applied Finance Capital Management, LLC 0.05% Add +1.9% 9,440 $644K
Guardian Partners Inc. 0.05% Add +12.7% 9,188 $643K
STRS Ohio 0.00% Reduce -0.6% 9,349 $638K
BKM Wealth Management, LLC 0.23% Add +1.0% 9,199 $628K
Cullen Investment Group, LTD. 0.08% Add +1.4% 9,016 $622K
Ieq Capital, LLC 0.00% Add +56.7% 9,009 $615K
Argonautica Private Wealth Management, Inc. 0.18% Add +60.7% 9,006 $614K
MML Investors Services, LLC 0.00% Add +23.1% 8,980 $613K
US Bancorp \de 0.00% Add +8.8% 8,952 $611K
Sequoia Financial Advisors, LLC 0.00% Add +10.8% 8,929 $609K
XTX Topco Ltd 0.02% Add +139.8% 8,819 $602K
Laird Norton Wetherby Trust Company, LLC 0.01% New 8,570 $590K
Kestra Advisory Services, LLC 0.00% Reduce -11.3% 8,560 $584K
Kentucky Retirement Systems Insurance Trust Fund 0.04% No change 8,514 $581K
D.A. Davidson & Co. 0.00% Add +1.9% 8,451 $577K
Sumitomo Life Insurance Co. 0.02% Reduce -0.1% 8,442 $576K
Sumitomo Mitsui DS Asset Management Company, Ltd 0.00% Reduce -0.1% 8,442 $576K
Sterling Capital Management LLC 0.01% Add +11.2% 8,416 $574K
Signaturefd, LLC 0.01% Add +24.1% 8,270 $564K
Jain Global LLC 0.01% New 8,246 $563K
Cambridge Investment Research Advisors, Inc. 0.00% Reduce -2.6% 8,186 $559K
Chesapeake Capital Corp. 0.46% New 8,101 $553K
Legacy Wealth Asset Management, LLC 0.13% Add +2.0% 8,029 $548K
Intech Investment Management LLC 0.00% No change 7,891 $539K
Roundview Capital LLC 0.03% Add +0.8% 7,816 $533K
Principal Financial Group Inc. 0.00% Reduce -27.8% 7,639 $521K
OneDigital Investment Advisors LLC 0.01% Reduce -48.7% 7,526 $514K
Yousif Capital Management, LLC 0.01% Add +0.4% 7,335 $501K
Leonteq Securities AG 0.03% Reduce -30.6% 7,312 $499K
Exencial Wealth Advisors, LLC 0.02% Add +4.1% 7,268 $496K
Prospera Financial Services Inc 0.01% Reduce -11.7% 7,215 $493K
UniSuper Management Pty Ltd 0.00% No change 5,200 $487K
Principal Securities, Inc. 0.01% Add +6.3% 7,032 $480K
Cwm, LLC 0.00% Add +168.2% 6,873 $469K
Probity Advisors, Inc. 0.07% Reduce -8.3% 6,537 $446K
Raleigh Capital Management Inc. 0.16% Reduce -6.0% 6,418 $438K
Atria Investments, Inc 0.00% Add +12.3% 6,289 $429K
Knollwood Investment Advisory, LLC 0.04% No change 6,278 $428K
Geneos Wealth Management Inc. 0.01% Reduce -4.6% 6,200 $423K
Strategic Investment Advisors / MI 0.04% Reduce -5.0% 6,174 $421K
NewEdge Advisors, LLC 0.00% Add +14.7% 5,847 $399K
Syon Capital LLC 0.02% Add +9.7% 5,661 $386K
Benjamin Edwards Inc. 0.00% Add +8.8% 5,659 $386K
Sowell Financial Services LLC 0.01% Add +0.4% 5,617 $383K
New England Research & Management, Inc. 0.17% No change 5,549 $379K
Cigna Investments Inc. 0.05% No change 5,506 $376K
Shelton Capital Management 0.01% Reduce -1.8% 5,460 $373K
Jones Financial Companies LLLP 0.00% Add +32.6% 5,444 $371K
TD Private Client Wealth LLC 0.01% Reduce -5.7% 5,432 $371K
Hardy Reed LLC 0.03% Add +0.5% 5,397 $368K
Farringdon Capital, Ltd. 0.09% Reduce -35.8% 5,373 $367K
Beverly Hills Private Wealth, LLC 0.06% Reduce -2.9% 5,308 $362K
SG Americas Securities, LLC 0.00% New 5,284 $361K
Ritholtz Wealth Management 0.01% Add +5.5% 5,257 $359K
Vise Technologies, Inc. 0.01% Add +46.3% 5,257 $359K
WINTON GROUP Ltd 0.01% New 5,200 $355K
Foundations Investment Advisors, LLC 0.00% New 5,169 $353K
Stone Wealth Partners 0.31% — 5,068 $349K
Tacita Capital Inc 0.20% Add +8.3% 5,061 $346K
Richard W. Paul & Associates, LLC 0.11% Reduce -4.3% 5,043 $344K
Envestnet Portfolio Solutions, Inc. 0.00% Add +1.9% 4,905 $335K
Allianz Asset Management GmbH 0.00% Reduce -72.7% 4,452 $333K
Savant Capital, LLC 0.00% New 4,874 $333K
AlphaGrep UK Ltd 0.11% — 4,823 $329K
Meadowbrook Wealth Management, LLC 0.37% Reduce -6.6% 4,740 $323K
Sanctuary Advisors, LLC 0.00% Add +11.7% 4,519 $308K
MAI Capital Management 0.00% Add +0.8% 4,466 $305K
FSM Wealth Advisors, LLC 0.04% Add +8.9% 4,378 $299K
Abc Arbitrage SA 0.03% New 4,344 $296K
Wilmington Savings Fund Society, FSB 0.01% Add +0.1% 4,328 $295K
Phillips Wealth Planners LLC 0.23% Add +2.0% 4,274 $291K
Waldron Private Wealth LLC 0.01% No change 4,150 $286K
Private Advisor Group, LLC 0.00% Reduce -0.7% 4,184 $285K
Burney Co./ 0.01% Reduce -2.5% 3,860 $263K
Summit Trail Advisors, LLC 0.00% Reduce -69.9% 3,648 $250K
Mgo One Seven LLC 0.01% Add +0.4% 3,647 $249K
Nisa Investment Advisors, LLC 0.00% Add +94.6% 3,610 $249K
Bayforest Capital Ltd 0.19% Add +89.0% 3,641 $248K
Cardinal Point Capital Management ULC 0.02% Reduce -7.8% 3,597 $246K
Merit Financial Group, LLC 0.00% New 3,539 $241K
Robertson Stephens Wealth Management, LLC 0.01% No change 3,490 $240K
Caitong International Asset Management Co., Ltd 0.06% Add +238.1% 3,520 $240K
Dimension Capital Management LLC 0.03% No change 3,501 $239K
Pinnacle Financial Partners, Inc. 0.00% — 3,478 $237K
Consolidated Capital Management, LLC 0.07% Reduce -95.6% 3,420 $233K
Oppenheimer Asset Management Inc. 0.00% Reduce -1.3% 3,403 $232K
Focus Partners Wealth 0.00% New 3,376 $231K
NorthCrest Asset Manangement, LLC 0.01% New 3,432 $229K
Strategic Wealth Partners, Ltd. 0.02% Add +9.1% 3,307 $226K
Hantz Financial Services, Inc. 0.00% Reduce -0.9% 3,275 $223K
Cornerstone Select Advisors, LLC 0.15% New 3,261 $222K
Whetstone Capital Advisors, LLC 0.07% Reduce -11.0% 3,245 $221K
HighTower Advisors, LLC 0.00% Add +1.9% 3,237 $221K
DAVENPORT & Co LLC 0.00% New 3,015 $206K
Alerus Financial NA 0.01% Reduce -82.7% 2,969 $203K
Procyon Advisors, LLC 0.01% New 2,961 $202K
Caldwell Trust Co 0.02% New 2,599 $177K
Group One Trading LLC 0.00% New 2,316 $158K
GAMMA Investing LLC 0.01% Add +14.6% 2,218 $151K
Caldwell Sutter Capital, Inc. 0.06% Reduce -0.9% 2,078 $142K
Versant Capital Management, Inc 0.02% Add +81.3% 1,916 $131K
Allworth Financial LP 0.00% Add +31.1% 1,912 $130K
AdvisorShares Investments LLC 0.02% New 1,900 $130K
FNY Investment Advisers, LLC 0.04% New 1,900 $129K
Byrne Asset Management LLC 0.07% No change 1,780 $121K
Bank Julius Baer & Co. Ltd, Zurich 0.00% Add +9.0% 1,670 $114K
Parallel Advisors, LLC 0.00% Add +2.6% 1,636 $112K
Farther Finance Advisors, LLC 0.00% Add +17.1% 1,606 $110K
Covestor Ltd 0.06% Reduce -13.5% 1,575 $107K
Bay Harbor Wealth Management, LLC 0.02% Reduce -4.2% 1,386 $95K
Stonehage Fleming Financial Services Holdings Ltd 0.00% No change 1,300 $89K
Advisors Asset Management, Inc. 0.00% Reduce -3.4% 1,300 $89K
HSBC Holdings PLC 0.00% Reduce -98.9% 1,211 $83K
Basecamp Wealth Advisors LLC 0.02% — 1,155 $79K
MassMutual Private Wealth & Trust, FSB 0.00% Add +8.9% 1,124 $77K
Cromwell Holdings LLC 0.04% No change 1,079 $74K
EverSource Wealth Advisors, LLC 0.00% Add +195.6% 1,067 $73K
Crewe Advisors LLC 0.01% No change 1,013 $69K
Rosenberg Matthew Hamilton 0.01% No change 1,000 $68K
DV Trading LLC 0.01% — 1,000 $68K
Pension & Wealth Management Advisors, Inc. 0.02% No change 989 $67K
New Vernon Capital Holdings II LLC 0.03% No change 707 $66K
Global Retirement Partners, LLC 0.00% Add +231.1% 970 $66K
Capital Analysts, LLC 0.00% Add +20.6% 924 $63K
Transamerica Financial Advisors, LLC 0.01% Add +4.7% 889 $61K
Westerkirk Capital Inc. 0.01% Reduce -93.5% 890 $61K
IFP Advisors, Inc 0.00% Add +12.6% 860 $59K
Huntington National Bank 0.00% Add +18.0% 812 $55K
Grove Bank & Trust 0.01% Reduce -4.8% 805 $55K
Parallax Volatility Advisers, L.P. 0.00% Reduce -67.3% 780 $53K
Pflug Koory, LLC 0.02% No change 716 $49K
Vision Retirement, LLC 0.01% — 655 $45K
Bartlett & Co. Wealth Management LLC 0.00% No change 635 $44K
UMB Bank, n.a. 0.00% Add +50.4% 639 $44K
HM Payson & Co. 0.00% No change 618 $42K
Parkside Financial Bank & Trust 0.00% Add +5.7% 613 $42K
Bogart Wealth, LLC 0.00% Reduce -23.4% 613 $42K
Blue Trust, Inc. 0.00% No change 543 $37K
Smartleaf Asset Management LLC 0.00% Reduce -0.2% 535 $37K
Cary Street Partners Investment Advisory LLC 0.01% Add +5.2% 526 $36K
SBI Securities Co., Ltd. 0.00% Add +4.4% 525 $36K
Wellington-Altus USA Inc. 0.03% — 515 $35K
City State Bank 0.01% No change 490 $33K
Hazlett, Burt & Watson, Inc. 0.01% No change 480 $33K
Valley National Advisers Inc. 0.00% No change 495 $33K
Steigerwald, Gordon & Koch Inc. 0.00% No change 450 $31K
Loring Wolcott & Coolidge Fiduciary Advisors LLP 0.00% New 432 $29K
Bessemer Group Inc. 0.00% Add +59.9% 411 $28K
Wealth Watch Advisors, INC 0.01% Add +26.4% 397 $27K
Brown Brothers Harriman & Co. 0.00% Add +18.0% 386 $26K
Towarzystwo Funduszy Inwestycyjnych Pzu SA 0.01% No change 380 $26K
Arax Advisory Partners 0.00% Reduce -6.4% 378 $26K
Lloyd Advisory Services, LLC. 0.01% New 364 $25K
Larson Financial Group LLC 0.00% Add +1922.2% 364 $25K
Pinnacle Bancorp, Inc. 0.01% No change 357 $24K
Measured Wealth Private Client Group, LLC 0.01% No change 350 $24K
Hartford Financial Management Inc. 0.01% No change 347 $24K
Pinnacle Wealth Planning Services, Inc. 0.00% New 308 $21K
Farmers & Merchants Investments Inc. 0.00% No change 261 $18K
Align Financial, LLC 0.01% — 14,738 $15K
Fifth Third Bancorp 0.00% Reduce -32.1% 209 $14K
Zions Bancorporation, National Association 0.00% New 181 $12K
Harbour Investments, Inc. 0.00% Reduce -17.1% 179 $12K
Sound Income Strategies, LLC 0.00% No change 177 $12K
Wealth Enhancement Trust Services, Inc. 0.00% — 177 $12K
Mechanics Financial Corp 0.00% No change 174 $12K
City Holding Co. 0.00% New 163 $11K
MidAtlantic Capital Management, Inc. 0.01% New 155 $11K
Wealth Preservation Advisors, LLC 0.01% Reduce -2.6% 149 $10K
Quarry LP 0.00% Reduce -97.7% 147 $10K
Quest 10 Wealth Builders, Inc. 0.01% Add +4.3% 145 $10K
Clearstead Trust, LLC 0.00% Add +236.8% 128 $9K
Indiana Trust & Investment Management Co 0.00% No change 127 $9K
Golden State Wealth Management, LLC 0.00% No change 123 $8K
Clearstead Advisors, LLC 0.00% Add +10.8% 123 $8K
POM Investment Strategies, LLC 0.00% New 117 $8K
Westside Investment Management, Inc. 0.00% No change 116 $8K
CoreCap Advisors, LLC 0.00% No change 113 $8K
McMillan Office, Inc. 0.00% — 110 $8K
Financial Management Professionals, Inc. 0.00% No change 108 $7K
Harbor Investment Advisory, LLC 0.00% No change 108 $7K
Creative Financial Designs Inc. 0.00% No change 108 $7K
Spire Wealth Management 0.00% Reduce -4.8% 100 $7K
Cedar Mountain Advisors, LLC 0.00% No change 96 $7K
GoalVest Advisory LLC 0.00% New 95 $6K
Kemnay Advisory Services Inc. 0.00% New 95 $6K
Meeder Asset Management Inc. 0.00% New 94 $6K
Rothschild Investment LLC 0.00% Add +314.3% 87 $6K
Navalign, LLC 0.00% New 83 $6K
First Command Advisory Services, Inc. 0.00% New 83 $6K
JFS Wealth Advisors, LLC 0.00% Add +5.5% 77 $5K
Quent Capital, LLC 0.00% Add +40.7% 76 $5K
NBT Bank, N.A. 0.00% Add +6.3% 68 $5K
First Community Trust NA 0.00% No change 75 $5K
Essential Partners LLC 0.00% Add +236.4% 74 $5K
Cornerstone Planning Group LLC 0.00% Add +630.0% 73 $5K
Entrust Financial LLC 0.00% — 62 $4K
Exchange Traded Concepts, LLC 0.00% Reduce -92.0% 60 $4K
Tsfg, LLC 0.00% No change 61 $4K
Bangor Savings Bank 0.00% New 56 $4K
Nalls Sherbakoff Group, LLC 0.00% No change 54 $4K
Bell Investment Advisors, Inc 0.00% No change 53 $4K
Walleye Capital LLC 0.00% Reduce -99.3% 52 $4K
Gold Investment Management Ltd. 0.00% No change 49 $3K
Ares Financial Consulting, LLC 0.00% — 48 $3K
Cape Investment Advisory, Inc. 0.00% Add +2.1% 48 $3K
True Wealth Design, LLC 0.00% Add +15.4% 45 $3K
CX Institutional 0.00% No change 50 $3K
Hughes Financial Services, LLC 0.00% Add +10.8% 41 $3K
Financial Consulate, Inc. 0.00% New 32 $2K
Rossby Financial, LCC 0.00% Add +12.5% 27 $2K
Cornerstone Financial Management LLC 0.00% — 24 $2K
Asset Dedication, LLC 0.00% No change 23 $2K
McGuire Capital Advisors Inc. 0.00% — 18 $1K
Millstone Evans Group, LLC 0.00% No change 18 $1K
Ancora Advisors LLC 0.00% New 17 $1K
MV Capital Management, Inc. 0.00% Add +50.0% 15 $1K
SageView Advisory Group, LLC 0.00% New 15 $1K
Nova Wealth Management, Inc. 0.00% No change 15 $1K
Motiv8 Investments LLC 0.00% New 18 $1K
Penserra Capital Management LLC 0.00% No change 21 $1K
United Financial Planning Group LLC 0.00% New 14 $955
Sunbelt Securities, Inc. 0.00% Add +366.7% 14 $955
Raffa Wealth Management, LLC 0.00% No change 11 $751
Trust Co 0.00% New 10 $682
St Germain D J Co. Inc. 0.00% No change 10 $682
Physician Wealth Advisors, Inc. 0.00% No change 8 $575
Turning Point Benefit Group, Inc. 0.00% No change 6 $409
Activest Wealth Management 0.00% New 6 $409
IAG Wealth Partners, LLC 0.00% No change 6 $409
SouthState Bank Corp 0.00% No change 5 $342
Manchester Capital Management LLC 0.00% No change 3 $205
Horizon Investments, LLC 0.00% New 3 $205
Safe Harbor Fiduciary, LLC 0.00% — 1 $68
Rakuten Securities, Inc. 0.00% No change 1 $68
Elyxium Wealth, LLC 0.00% New 1 $68
Keating Financial Advisory Services, Inc. 0.00% — 1 $68

"% of holder's portfolio" is QSR's weight in each manager's 13F, not the share of Restaurant Brands Intern the manager owns.