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Burgundy Asset Management’s Restaurant Brands International QSR Stock Holding History

Burgundy Asset 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
2025
Q3 		$110M Buy
1,742,299
+156,189
+10% +$10.3M 1.04% 44
2025
Q2 		$105M Sell
1,586,110
-6,392
-0.4% -$427K 1.02% 42
2025
Q1 		$106M Buy
1,592,502
+425,203
+36% +$27.4M 1.1% 41
2024
Q4 		$76M Buy
1,167,299
+4,464
+0.4% +$310K 0.77% 52
2024
Q3 		$83.9M Buy
1,162,835
+5,244
+0.5% +$369K 0.83% 48
2024
Q2 		$81.5M Sell
1,157,591
-12,677
-1% -$906K 0.86% 45
2024
Q1 		$92.9M Sell
1,170,268
-44,955
-4% -$3.5M 0.96% 42
2023
Q4 		$95.1M Sell
1,215,223
-58,922
-5% -$4.1M 1.06% 38
2023
Q3 		$85.2M Buy
1,274,145
+29
+0% +$2.08K 1.05% 38
2023
Q2 		$98.8M Sell
1,274,116
-362,486
-22% -$26.2M 1.16% 32
2023
Q1 		$110M Sell
1,636,602
-63,004
-4% -$4.11M 1.36% 27
2022
Q4 		$110M Sell
1,699,606
-150,120
-8% -$9.22M 1.42% 28
2022
Q3 		$98.4M Sell
1,849,726
-114,149
-6% -$6.45M 1.37% 29
2022
Q2 		$98.4M Sell
1,963,875
-88,042
-4% -$4.71M 1.24% 31
2022
Q1 		$120M Sell
2,051,917
-406,499
-17% -$23.1M 1.27% 29
2021
Q4 		$149M Buy
2,458,416
+353,408
+17% +$20.8M 1.45% 26
2021
Q3 		$129M Buy
2,105,008
+20,391
+1% +$1.31M 1.26% 29
2021
Q2 		$134M Buy
2,084,617
+84,458
+4% +$5.69M 1.31% 26
2021
Q1 		$130M Sell
2,000,159
-100,029
-5% -$6.2M 1.32% 26
2020
Q4 		$128M Sell
2,100,188
-188,051
-8% -$11M 1.41% 26
2020
Q3 		$131M Sell
2,288,239
-143,702
-6% -$8.01M 1.5% 22
2020
Q2 		$132M Sell
2,431,941
-948,057
-28% -$47.8M 1.54% 19
2020
Q1 		$135M Buy
3,379,998
+1,278,139
+61% +$72.3M 1.84% 15
2019
Q4 		$134M Buy
2,101,859
+877,927
+72% +$58.8M 1.32% 28
2019
Q3 		$87.1M Sell
1,223,932
-1,559,888
-56% -$115M 0.87% 41
2019
Q2 		$194M Sell
2,783,820
-162,539
-6% -$10.9M 1.93% 18
2019
Q1 		$192M Sell
2,946,359
-262,560
-8% -$16.1M 1.97% 17
2018
Q4 		$168M Buy
3,208,919
+1,144,450
+55% +$63.5M 1.79% 18
2018
Q3 		$122M Buy
2,064,469
+388,306
+23% +$23.6M 1.13% 32
2018
Q2 		$101M Buy
+1,676,163
New +$96M 0.98% 34

Other funds holding QSR

Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
Royal Bank of Canada
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
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
BG
Baupost Group Boston, Massachusetts $5.42B AUM 22.93% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Burgundy Asset Management's QSR Position: Q3 2025 in Review

Burgundy Asset Management increased its Restaurant Brands International (QSR) stake by 9.8% in Q3 2025, buying an estimated $10.3M and bringing the position to 1,742,299 shares worth $110M. The position accounts for 1.04% of the portfolio, ranked #44.

Burgundy Asset Management first reported a position in QSR in Q2 2018 and has held it in 30 quarters since. The position peaked at $194M in Q2 2019. 464 funds tracked by Wall St. Rank hold QSR as of Q3 2025.

  • Burgundy Asset Management held 1,742,299 shares of Restaurant Brands International worth $110M as of Q3 2025.
  • Burgundy Asset Management bought 156,189 Restaurant Brands International shares in Q3 2025, an estimated $10.3M.
  • Restaurant Brands International made up 1.04% of Burgundy Asset Management's portfolio in Q3 2025, its #44 holding.
  • Burgundy Asset Management first reported a position in Restaurant Brands International in Q2 2018 and has held it in 30 quarters since.
  • Burgundy Asset Management's Restaurant Brands International position peaked at $194M in Q2 2019.
  • 464 funds tracked by Wall St. Rank held Restaurant Brands International as of Q3 2025.

Based on Burgundy Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.