ADI Capital Management’s Restaurant Brands International QSR Stock Holding History

ADI Capital Management’s Portfolio QSR Stock Details QSR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-60,222	Closed	-$3.36M	–	23
2017 Q1	$3.36M	Buy	+60,222	New	+$3.15M	1.95%	18
2016 Q4	–	Sell	-115,122	Closed	-$5.13M	–	28
2016 Q3	$5.13M	Sell	115,122 -191,707	-62%	-$8.69M	3.65%	12
2016 Q2	$12.8M	Sell	306,829 -709,915	-70%	-$29.4M	9.83%	3
2016 Q1	$39.5M	Buy	1,016,744 +387,800	+62%	+$13.5M	20.28%	1
2015 Q4	$23.5M	Buy	628,944 +102,999	+20%	+$3.78M	13.65%	2
2015 Q3	$18.9M	Buy	525,945 +62,781	+14%	+$2.49M	10.42%	2
2015 Q2	$17.7M	Sell	463,164 -36,055	-7%	-$1.42M	9.59%	6
2015 Q1	$19.2M	Buy	499,219 +211,684	+74%	+$8.44M	13.55%	1
2014 Q4	$11.2M	Buy	+287,535	New	+$11M	8.31%	7

Other funds holding QSR

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Hound Partners New York $799M AUM 9.54% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

ADI Capital Management's QSR Position: Q2 2017 in Review

ADI Capital Management sold out of Restaurant Brands International (QSR) in Q2 2017, closing a stake of 60,222 shares — an estimated $3.36M sold.

ADI Capital Management first reported a position in QSR in Q4 2014 and held it in 9 quarters. The position peaked at $39.5M in Q1 2016. 282 funds tracked by Wall St. Rank hold QSR as of Q2 2017.

ADI Capital Management reported no remaining Restaurant Brands International position as of Q2 2017 after selling out during the quarter.
ADI Capital Management sold 60,222 Restaurant Brands International shares in Q2 2017, an estimated $3.36M.
ADI Capital Management first reported a position in Restaurant Brands International in Q4 2014 and held it in 9 quarters.
ADI Capital Management's Restaurant Brands International position peaked at $39.5M in Q1 2016.
282 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2017.

Based on ADI Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.