Davidson Kempner Capital Management’s Restaurant Brands International QSR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-127,755	Closed	-$8.51M	–	227
2025 Q1	$8.51M	Buy	+127,755	New	+$8.24M	0.12%	129
2024 Q2	–	Sell	-302,641	Closed	-$24M	–	291
2024 Q1	$24M	Sell	302,641 -45,031	-13%	-$3.51M	0.36%	75
2023 Q4	$27.2M	Buy	347,672 +272,743	+364%	+$19M	0.48%	53
2023 Q3	$4.99M	Sell	74,929 -99,198	-57%	-$7.12M	0.08%	130
2023 Q2	$13.5M	Sell	174,127 -125,773	-42%	-$9.08M	0.28%	85
2023 Q1	$20.1M	Buy	299,900 +68,500	+30%	+$4.46M	0.42%	71
2022 Q4	$15M	Buy	231,400 +115,461	+100%	+$7.09M	0.32%	84
2022 Q3	$6.17M	Buy	+115,939	New	+$6.55M	0.12%	150
2019 Q3	–	Sell	-1,025,000	Closed	-$71.3M	–	214
2019 Q2	$71.3M	Buy	1,025,000 +275,000	+37%	+$18.4M	0.85%	21
2019 Q1	$48.8M	Buy	750,000 +100,000	+15%	+$6.14M	0.98%	16
2018 Q4	$34M	Hold	650,000	–	–	0.68%	28
2018 Q3	$38.5M	Buy	650,000 +60,402	+10%	+$3.68M	0.46%	43
2018 Q2	$35.6M	Buy	+589,598	New	+$33.8M	0.49%	46
2015 Q1	–	Sell	-247,500	Closed	-$9.66M	–	165
2014 Q4	$9.66M	Buy	+247,500	New	+$9.51M	0.19%	89