Holocene Advisors’s Restaurant Brands International QSR Stock Holding History

Holocene Advisors’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 Q2	–	Sell	-25,053	Closed	-$1.67M	–	858
2025 Q1	$1.67M	Buy	25,053 +17,588	+236%	+$1.13M	﹤0.01%	570
2024 Q4	$487K	Sell	7,465 -1,237,545	-99%	-$85.8M	﹤0.01%	713
2024 Q3	$89.8M	Buy	+1,245,010	New	+$87.5M	0.36%	93
2024 Q2	–	Sell	-21,923	Closed	-$1.74M	–	822
2024 Q1	$1.74M	Sell	21,923 -1,654,260	-99%	-$129M	0.01%	602
2023 Q4	$131M	Sell	1,676,183 -1,005,660	-37%	-$70M	0.51%	63
2023 Q3	$179M	Buy	2,681,843 +387,585	+17%	+$27.8M	0.78%	33
2023 Q2	$178M	Buy	2,294,258 +2,179,856	+1,905%	+$157M	0.76%	30
2023 Q1	$7.68M	Buy	+114,402	New	+$7.46M	0.04%	260
2020 Q2	–	Sell	-443,269	Closed	-$17.7M	–	740
2020 Q1	$17.7M	Buy	+443,269	New	+$25.1M	0.19%	131
2019 Q1	–	Sell	-921,321	Closed	-$48.2M	–	777
2018 Q4	$48.2M	Buy	+921,321	New	+$51.2M	0.78%	46
2018 Q1	–	Sell	-1,243,113	Closed	-$76.4M	–	689
2017 Q4	$76.4M	Buy	+1,243,113	New	+$79.7M	1.94%	11

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

Holocene Advisors's QSR Position: Q2 2025 in Review

Holocene Advisors sold out of Restaurant Brands International (QSR) in Q2 2025, closing a stake of 25,053 shares — an estimated $1.67M sold.

Holocene Advisors first reported a position in QSR in Q4 2017 and held it in 11 quarters. The position peaked at $179M in Q3 2023. 452 funds tracked by Wall St. Rank hold QSR as of Q2 2025.

Holocene Advisors reported no remaining Restaurant Brands International position as of Q2 2025 after selling out during the quarter.
Holocene Advisors sold 25,053 Restaurant Brands International shares in Q2 2025, an estimated $1.67M.
Holocene Advisors first reported a position in Restaurant Brands International in Q4 2017 and held it in 11 quarters.
Holocene Advisors's Restaurant Brands International position peaked at $179M in Q3 2023.
452 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2025.

Based on Holocene Advisors's 13F filing for Q2 2025, filed 14 Aug 2025.