Dorsal Capital Management’s Restaurant Brands International QSR Stock Holding History

Dorsal Capital 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 Q1	–	Sell	-1,700,000	Closed	-$111M	–	30
2024 Q4	$111M	Sell	1,700,000 -200,000	-11%	-$13.9M	2.62%	17
2024 Q3	$137M	Buy	1,900,000 +200,000	+12%	+$14.1M	4.25%	11
2024 Q2	$120M	Sell	1,700,000 -20,050	-1%	-$1.43M	4.12%	12
2024 Q1	$137M	Sell	1,720,050 -779,950	-31%	-$60.8M	4.46%	9
2023 Q4	$195M	Sell	2,500,000 -100,000	-4%	-$6.96M	6.02%	6
2023 Q3	$173M	Buy	2,600,000 +800,000	+44%	+$57.5M	5.92%	5
2023 Q2	$140M	Buy	1,800,000 +50,000	+3%	+$3.61M	4.81%	9
2023 Q1	$117M	Buy	1,750,000 +1,000,000	+133%	+$65.2M	3.76%	11
2022 Q4	$48.5M	Buy	+750,000	New	+$46.1M	2.88%	15

Other funds holding QSR

Capital World Investors Los Angeles, California $733B AUM 35.63% 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

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

EIG

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

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

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

JFL

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

Dorsal Capital Management's QSR Position: Q1 2025 in Review

Dorsal Capital Management sold out of Restaurant Brands International (QSR) in Q1 2025, closing a stake of 1,700,000 shares — an estimated $111M sold.

Dorsal Capital Management first reported a position in QSR in Q4 2022 and held it in 9 quarters. The position peaked at $195M in Q4 2023. 457 funds tracked by Wall St. Rank hold QSR as of Q1 2025.

Dorsal Capital Management reported no remaining Restaurant Brands International position as of Q1 2025 after selling out during the quarter.
Dorsal Capital Management sold 1,700,000 Restaurant Brands International shares in Q1 2025, an estimated $111M.
Dorsal Capital Management first reported a position in Restaurant Brands International in Q4 2022 and held it in 9 quarters.
Dorsal Capital Management's Restaurant Brands International position peaked at $195M in Q4 2023.
457 funds tracked by Wall St. Rank held Restaurant Brands International as of Q1 2025.

Based on Dorsal Capital Management's 13F filing for Q1 2025, filed 15 May 2025.