Cipher Capital’s Restaurant Brands International QSR Stock Holding History

Cipher 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
2023 Q4	–	Sell	-4,555	Closed	-$303K	–	506
2023 Q3	$303K	Buy	+4,555	New	+$327K	0.22%	166
2023 Q2	–	Sell	-14,623	Closed	-$982K	–	678
2023 Q1	$982K	Buy	+14,623	New	+$953K	0.18%	202
2022 Q4	–	Sell	-38,333	Closed	-$2.04M	–	611
2022 Q3	$2.04M	Buy	+38,333	New	+$2.17M	0.33%	109
2021 Q2	$315K	Sell	4,892 -34,965	-88%	-$2.36M	0.17%	196
2021 Q1	$2.59M	Buy	39,857 +2,441	+7%	+$151K	0.3%	114
2020 Q4	$2.29M	Buy	+37,416	New	+$2.18M	0.28%	116
2020 Q3	–	Sell	-28,230	Closed	-$1.54M	–	620
2020 Q2	$1.54M	Buy	28,230 +20,801	+280%	+$1.05M	0.24%	127
2020 Q1	$297K	Sell	7,429 -172,388	-96%	-$9.76M	0.11%	282
2019 Q4	$11.5M	Buy	179,817 +82,168	+84%	+$5.5M	0.81%	22
2019 Q3	$6.95M	Buy	97,649 +28,338	+41%	+$2.09M	0.55%	38
2019 Q2	$4.82M	Buy	+69,311	New	+$4.64M	0.41%	73
2018 Q4	–	Sell	-16,984	Closed	-$1.01M	–	625
2018 Q3	$1.01M	Buy	+16,984	New	+$1.03M	0.19%	184
2018 Q2	–	Sell	-29,281	Closed	-$1.67M	–	617
2018 Q1	$1.67M	Sell	29,281 -38,377	-57%	-$2.28M	0.2%	178
2017 Q4	$4.16M	Buy	+67,658	New	+$4.34M	0.33%	78
2015 Q4	–	Sell	-14,427	Closed	-$518K	–	628
2015 Q3	$518K	Buy	+14,427	New	+$572K	0.07%	334

Other funds holding QSR

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

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

PSCM

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

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

EIG

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

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

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

JFL

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

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

BGC

Beutel, Goodman & Co Toronto, Ontario, Canada $14.8B AUM 15.12% 1-Year Est. Return

Cipher Capital's QSR Position: Q4 2023 in Review

Cipher Capital sold out of Restaurant Brands International (QSR) in Q4 2023, closing a stake of 4,555 shares — an estimated $303K sold.

Cipher Capital first reported a position in QSR in Q3 2015 and held it in 15 quarters. The position peaked at $11.5M in Q4 2019. 464 funds tracked by Wall St. Rank hold QSR as of Q4 2023.

Cipher Capital reported no remaining Restaurant Brands International position as of Q4 2023 after selling out during the quarter.
Cipher Capital sold 4,555 Restaurant Brands International shares in Q4 2023, an estimated $303K.
Cipher Capital first reported a position in Restaurant Brands International in Q3 2015 and held it in 15 quarters.
Cipher Capital's Restaurant Brands International position peaked at $11.5M in Q4 2019.
464 funds tracked by Wall St. Rank held Restaurant Brands International as of Q4 2023.

Based on Cipher Capital's 13F filing for Q4 2023, filed 14 Feb 2024.