Advisory Research’s Restaurant Brands International QSR Stock Holding History

Advisory Research’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
2019 Q3	–	Sell	-5,351	Closed	-$372K	–	350
2019 Q2	$372K	Sell	5,351 -48	-0.9%	-$3.21K	0.01%	322
2019 Q1	$352K	Buy	+5,399	New	+$332K	0.01%	314
2018 Q1	–	Sell	-3,535	Closed	-$217K	–	413
2017 Q4	$217K	Sell	3,535 -11,480	-76%	-$736K	﹤0.01%	398
2017 Q3	$959K	Sell	15,015 -7,191	-32%	-$444K	0.02%	313
2017 Q2	$1.39M	Buy	22,206 +13,450	+154%	+$792K	0.02%	277
2017 Q1	$488K	Buy	+8,756	New	+$458K	0.01%	360

Other funds holding QSR

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

PSCM

Pershing Square Capital Management New York $19.5B AUM 2.08% 1-Year Est. Return

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

Berkshire Hathaway Omaha, Nebraska $299B AUM 27.55% 1-Year Est. Return

JFL

Jarislowsky, Fraser Ltd Montreal, Quebec, Canada $18.2B AUM 22.04% 1-Year Est. Return

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

Advisory Research's QSR Position: Q3 2019 in Review

Advisory Research sold out of Restaurant Brands International (QSR) in Q3 2019, closing a stake of 5,351 shares — an estimated $372K sold.

Advisory Research first reported a position in QSR in Q1 2017 and held it in 6 quarters. The position peaked at $1.39M in Q2 2017. 389 funds tracked by Wall St. Rank hold QSR as of Q3 2019.

Advisory Research reported no remaining Restaurant Brands International position as of Q3 2019 after selling out during the quarter.
Advisory Research sold 5,351 Restaurant Brands International shares in Q3 2019, an estimated $372K.
Advisory Research first reported a position in Restaurant Brands International in Q1 2017 and held it in 6 quarters.
Advisory Research's Restaurant Brands International position peaked at $1.39M in Q2 2017.
389 funds tracked by Wall St. Rank held Restaurant Brands International as of Q3 2019.

Based on Advisory Research's 13F filing for Q3 2019, filed 12 Nov 2019.