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

Cidel 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
2026 Q2	$38.1M	Sell	526,104 -167,012	-24%	-$12.7M	1.84%	14
2026 Q1	$51.1M	Buy	693,116 +306,555	+79%	+$21.5M	2.79%	7
2025 Q4	$26.4M	Sell	386,561 -301,568	-44%	-$20.8M	1.87%	16
2025 Q3	$44.2M	Buy	688,129 +18,446	+3%	+$1.21M	2.53%	11
2025 Q2	$44.3M	Buy	669,683 +14,726	+2%	+$984K	2.66%	7
2025 Q1	$43.7M	Buy	654,957 +99,383	+18%	+$6.41M	2.85%	5
2024 Q4	$36.2M	Buy	555,574 +28,101	+5%	+$1.95M	2.43%	11
2024 Q3	$38.1M	Buy	527,473 +28,994	+6%	+$2.04M	2.69%	7
2024 Q2	$35.1M	Buy	498,479 +41,868	+9%	+$2.99M	2.71%	6
2024 Q1	$36.3M	Sell	456,611 -460,301	-50%	-$35.9M	2.76%	8
2023 Q4	$72M	Sell	916,912 -27,825	-3%	-$1.94M	3.08%	8
2023 Q3	$63.2M	Sell	944,737 -48,820	-5%	-$3.51M	3.16%	8
2023 Q2	$77.1M	Sell	993,557 -32,526	-3%	-$2.35M	3.49%	6
2023 Q1	$68.8M	Buy	1,026,083 +1,851	+0.2%	+$121K	3.16%	9
2022 Q4	$66.2M	Sell	1,024,232 -90,532	-8%	-$5.56M	3.1%	7
2022 Q3	$59.6M	Sell	1,114,764 -16,750	-1%	-$946K	2.84%	11
2022 Q2	$56.6M	Sell	1,131,514 -15,928	-1%	-$852K	2.42%	13
2022 Q1	$67.1M	Buy	1,147,442 +165,613	+17%	+$9.42M	2.45%	13
2021 Q4	$59.6M	Buy	981,829 +146,599	+18%	+$8.64M	2.22%	13
2021 Q3	$51.2M	Buy	835,230 +129	+0%	+$8.26K	2.08%	14
2021 Q2	$53.9M	Buy	835,101 +3,072	+0.4%	+$207K	2.18%	14
2021 Q1	$54.1M	Buy	832,029 +68,792	+9%	+$4.26M	2.44%	12
2020 Q4	$46.6M	Buy	763,237 +30,937	+4%	+$1.81M	2.62%	10
2020 Q3	$41.9M	Sell	732,300 -197,037	-21%	-$11M	2.38%	14
2020 Q2	$50.4M	Buy	929,337 +33,667	+4%	+$1.7M	2.29%	15
2020 Q1	$35.7M	Buy	895,670 +191,502	+27%	+$10.8M	1.82%	20
2019 Q4	$45M	Buy	704,168 +320,368	+83%	+$21.4M	1.86%	19
2019 Q3	$27.3M	Sell	383,800 -42,513	-10%	-$3.13M	1.32%	25
2019 Q2	$29.7M	Buy	426,313 +55,512	+15%	+$3.72M	1.51%	23
2019 Q1	$24.1M	Buy	+370,801	New	+$22.8M	1.32%	26

Other funds holding QSR

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

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

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

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

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Baupost Group Boston, Massachusetts $5.42B AUM 22.93% 1-Year Est. Return

Cidel Asset Management's QSR Position: Q2 2026 in Review

Cidel Asset Management reduced its Restaurant Brands International (QSR) stake by 24% in Q2 2026, selling an estimated $12.7M and leaving 526,104 shares worth $38.1M. The position accounts for 1.84% of the portfolio, ranked #14.

Cidel Asset Management first reported a position in QSR in Q1 2019 and has held it in 30 quarters since. The position peaked at $77.1M in Q2 2023. 577 funds tracked by Wall St. Rank hold QSR as of Q2 2026.

Cidel Asset Management held 526,104 shares of Restaurant Brands International worth $38.1M as of Q2 2026.
Cidel Asset Management sold 167,012 Restaurant Brands International shares in Q2 2026, an estimated $12.7M.
Restaurant Brands International made up 1.84% of Cidel Asset Management's portfolio in Q2 2026, its #14 holding.
Cidel Asset Management first reported a position in Restaurant Brands International in Q1 2019 and has held it in 30 quarters since.
Cidel Asset Management's Restaurant Brands International position peaked at $77.1M in Q2 2023.
577 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2026.

Based on Cidel Asset Management's 13F filing for Q2 2026, filed 17 Jul 2026.