Horizon Kinetics’s Restaurant Brands International QSR Stock Holding History

Horizon Kinetics’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
2018 Q4	$629K	Sell	12,025 -1,065	-8%	-$59.1K	0.02%	217
2018 Q3	$776K	Sell	13,090 -218	-2%	-$13.3K	0.02%	216
2018 Q2	$803K	Sell	13,308 -476	-3%	-$27.3K	0.02%	208
2018 Q1	$785K	Sell	13,784 -2,965	-18%	-$176K	0.02%	210
2017 Q4	$1.03M	Buy	16,749 +461	+3%	+$29.6K	0.03%	177
2017 Q3	$1.04M	Sell	16,288 -1,958	-11%	-$121K	0.03%	186
2017 Q2	$1.14M	Sell	18,246 -852	-4%	-$50.2K	0.04%	179
2017 Q1	$1.06M	Sell	19,098 -1,823	-9%	-$95.4K	0.03%	182
2016 Q4	$998K	Sell	20,921 -1,952	-9%	-$90K	0.03%	189
2016 Q3	$1.02M	Sell	22,873 -5,005	-18%	-$227K	0.03%	195
2016 Q2	$1.16M	Sell	27,878 -3,955	-12%	-$164K	0.03%	183
2016 Q1	$1.24M	Sell	31,833 -5,305	-14%	-$185K	0.03%	170
2015 Q4	$1.39M	Sell	37,138 -252,715	-87%	-$9.28M	0.03%	156
2015 Q3	$10.4M	Sell	289,853 -164,631	-36%	-$6.53M	0.19%	62
2015 Q2	$17.4M	Sell	454,484 -10,213	-2%	-$403K	0.25%	54
2015 Q1	$17.8M	Buy	464,697 +7,591	+2%	+$303K	0.25%	59
2014 Q4	$17.8M	Buy	+457,106	New	+$17.6M	0.24%	67

Other funds holding QSR

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

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

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

Berkshire Hathaway Omaha, Nebraska $299B AUM 27.55% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $139B AUM 29.06% 1-Year Est. Return

JFL

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

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

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

Horizon Kinetics's QSR Position: Q4 2018 in Review

Horizon Kinetics reduced its Restaurant Brands International (QSR) stake by 8.1% in Q4 2018, selling an estimated $59.1K and leaving 12,025 shares worth $629K. The position accounts for 0.02% of the portfolio, ranked #217.

Horizon Kinetics first reported a position in QSR in Q4 2014 and has held it in 17 quarters since. The position peaked at $17.8M in Q1 2015. 309 funds tracked by Wall St. Rank hold QSR as of Q4 2018.

Horizon Kinetics held 12,025 shares of Restaurant Brands International worth $629K as of Q4 2018.
Horizon Kinetics sold 1,065 Restaurant Brands International shares in Q4 2018, an estimated $59.1K.
Restaurant Brands International made up 0.02% of Horizon Kinetics's portfolio in Q4 2018, its #217 holding.
Horizon Kinetics first reported a position in Restaurant Brands International in Q4 2014 and has held it in 17 quarters since.
Horizon Kinetics's Restaurant Brands International position peaked at $17.8M in Q1 2015.
309 funds tracked by Wall St. Rank held Restaurant Brands International as of Q4 2018.

Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.