Bank of Montreal’s Restaurant Brands International QSR Stock Holding History

Bank of Montreal’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
2026 Q1	$667M	Sell	9,011,952 -6,207,995	-41%	-$436M	0.25%	75
2025 Q4	$1.04B	Buy	15,219,947 +3,096,353	+26%	+$213M	0.36%	57
2025 Q3	$778M	Buy	12,123,594 +802,161	+7%	+$52.8M	0.3%	68
2025 Q2	$751M	Sell	11,321,433 -46,207	-0.4%	-$3.09M	0.35%	58
2025 Q1	$758M	Buy	11,367,640 +1,362,818	+14%	+$87.9M	0.37%	56
2024 Q4	$651M	Buy	10,004,822 +1,367,633	+16%	+$94.9M	0.3%	67
2024 Q3	$616M	Buy	8,637,189 +511,270	+6%	+$35.9M	0.27%	72
2024 Q2	$567M	Buy	8,125,919 +1,378,374	+20%	+$98.5M	0.16%	77
2024 Q1	$545M	Buy	6,747,545 +145,253	+2%	+$11.3M	0.17%	79
2023 Q4	$519M	Buy	6,602,292 +1,297,399	+24%	+$90.2M	0.16%	86
2023 Q3	$363M	Buy	5,304,893 +144,382	+3%	+$10.4M	0.13%	99
2023 Q2	$401M	Sell	5,160,511 -2,714	-0.1%	-$196K	0.14%	85
2023 Q1	$347M	Sell	5,163,225 -760,969	-13%	-$49.6M	0.14%	95
2022 Q4	$398M	Buy	5,924,194 +450,110	+8%	+$27.7M	0.17%	83
2022 Q3	$311K	Sell	5,474,084 -1,728,331	-24%	-$97.6M	0.13%	98
2022 Q2	$451K	Buy	7,202,415 +1,966,508	+38%	+$105M	0.21%	81
2022 Q1	$305M	Sell	5,235,907 -227,483	-4%	-$12.9M	0.15%	119
2021 Q4	$334M	Sell	5,463,390 -1,619,299	-23%	-$95.4M	0.18%	107
2021 Q3	$439M	Buy	7,082,689 +946,307	+15%	+$60.6M	0.2%	93
2021 Q2	$396M	Buy	6,136,382 +1,312,219	+27%	+$88.4M	0.2%	93
2021 Q1	$320M	Sell	4,824,163 -322,610	-6%	-$20M	0.21%	95
2020 Q4	$326M	Sell	5,146,773 -521,502	-9%	-$30.4M	0.22%	96
2020 Q3	$326M	Sell	5,668,275 -116,307	-2%	-$6.49M	0.27%	85
2020 Q2	$315M	Sell	5,784,582 -3,918,401	-40%	-$198M	0.29%	77
2020 Q1	$338M	Sell	9,702,983 -304,953	-3%	-$17.3M	0.39%	59
2019 Q4	$638M	Buy	10,007,936 +1,192,219	+14%	+$79.8M	0.48%	39
2019 Q3	$627M	Buy	8,815,717 +2,080,897	+31%	+$153M	0.54%	36
2019 Q2	$468M	Buy	6,734,820 +736,433	+12%	+$49.3M	0.39%	49
2019 Q1	$391M	Buy	5,998,387 +852,636	+17%	+$52.4M	0.34%	62
2018 Q4	$269M	Buy	5,145,751 +98,971	+2%	+$5.5M	0.25%	82
2018 Q3	$299M	Buy	5,046,780 +26,163	+0.5%	+$1.59M	0.23%	88
2018 Q2	$303M	Buy	5,020,617 +85,643	+2%	+$4.91M	0.25%	73
2018 Q1	$281M	Sell	4,934,974 -224,822	-4%	-$13.4M	0.25%	77
2017 Q4	$317M	Sell	5,159,796 -970,104	-16%	-$62.2M	0.28%	68
2017 Q3	$392M	Sell	6,129,900 -6,882	-0.1%	-$425K	0.36%	55
2017 Q2	$384M	Sell	6,136,782 -1,129,984	-16%	-$66.6M	0.37%	52
2017 Q1	$405M	Buy	7,266,766 +571,609	+9%	+$29.9M	0.38%	46
2016 Q4	$318M	Buy	6,695,157 +431,732	+7%	+$19.9M	0.33%	60
2016 Q3	$279M	Buy	6,263,425 +528,219	+9%	+$24M	0.3%	64
2016 Q2	$239M	Buy	5,735,206 +96,722	+2%	+$4M	0.27%	75
2016 Q1	$219M	Buy	5,638,484 +578,509	+11%	+$20.1M	0.23%	77
2015 Q4	$189M	Buy	5,059,975 +474,532	+10%	+$17.4M	0.23%	89
2015 Q3	$165M	Buy	4,585,443 +461,181	+11%	+$18.3M	0.23%	95
2015 Q2	$158M	Sell	4,124,262 -108,375	-3%	-$4.27M	0.18%	114
2015 Q1	$163M	Buy	+4,232,637	New	+$169M	0.19%	118

Other funds holding QSR

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

PSCM

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

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $12.5B AUM 31.7% 1-Year Est. Return

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

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

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

Baupost Group Boston, Massachusetts $5.12B AUM 15.99% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of Montreal's QSR Position: Q1 2026 in Review

Bank of Montreal reduced its Restaurant Brands International (QSR) stake by 41% in Q1 2026, selling an estimated $436M and leaving 9,011,952 shares worth $667M. The position accounts for 0.25% of the portfolio, ranked #75.

Bank of Montreal first reported a position in QSR in Q1 2015 and has held it in 45 quarters since. The position peaked at $1.04B in Q4 2025. 546 funds tracked by Wall St. Rank hold QSR as of Q1 2026.

Bank of Montreal held 9,011,952 shares of Restaurant Brands International worth $667M as of Q1 2026.
Bank of Montreal sold 6,207,995 Restaurant Brands International shares in Q1 2026, an estimated $436M.
Restaurant Brands International made up 0.25% of Bank of Montreal's portfolio in Q1 2026, its #75 holding.
Bank of Montreal first reported a position in Restaurant Brands International in Q1 2015 and has held it in 45 quarters since.
Bank of Montreal's Restaurant Brands International position peaked at $1.04B in Q4 2025.
546 funds tracked by Wall St. Rank held Restaurant Brands International as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.