Carbonado Capital’s Restaurant Brands International QSR Stock Holding History

Carbonado Capital’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
2018 Q4	$21.3M	Sell	408,178 -208,428	-34%	-$11.6M	14.35%	2
2018 Q3	$36.6M	Sell	616,606 -158,394	-20%	-$9.64M	12.51%	2
2018 Q2	$46.7M	Buy	775,000 +25,000	+3%	+$1.43M	10.73%	2
2018 Q1	$42.7M	Buy	750,000 +275,000	+58%	+$16.3M	10.33%	4
2017 Q4	$29.2M	Buy	+475,000	New	+$30.5M	6.47%	11

Other funds holding QSR

PSCM

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

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

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

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

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

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

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

JFL

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

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

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

Carbonado Capital's QSR Position: Q4 2018 in Review

Carbonado Capital reduced its Restaurant Brands International (QSR) stake by 34% in Q4 2018, selling an estimated $11.6M and leaving 408,178 shares worth $21.3M. The position accounts for 14.35% of the portfolio, ranked #2.

Carbonado Capital first reported a position in QSR in Q4 2017 and has held it in 5 quarters since. The position peaked at $46.7M in Q2 2018. 309 funds tracked by Wall St. Rank hold QSR as of Q4 2018.

Carbonado Capital held 408,178 shares of Restaurant Brands International worth $21.3M as of Q4 2018.
Carbonado Capital sold 208,428 Restaurant Brands International shares in Q4 2018, an estimated $11.6M.
Restaurant Brands International made up 14.35% of Carbonado Capital's portfolio in Q4 2018, its #2 holding.
Carbonado Capital first reported a position in Restaurant Brands International in Q4 2017 and has held it in 5 quarters since.
Carbonado Capital's Restaurant Brands International position peaked at $46.7M in Q2 2018.
309 funds tracked by Wall St. Rank held Restaurant Brands International as of Q4 2018.

Based on Carbonado Capital's 13F filing for Q4 2018, filed 14 Feb 2019.