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Lincluden Management’s Restaurant Brands International QSR Stock Holding History

Lincluden 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
2026
Q2 		$36.8M Sell
357,508
-95,892
-21% -$7.3M 3.61% 8
2026
Q1 		$34.1M Sell
453,400
-13,754
-3% -$966K 3.63% 10
2025
Q4 		$43.8M Sell
467,154
-16,971
-4% -$1.17M 3.72% 11
2025
Q3 		$43.2M Buy
484,125
+21,167
+5% +$1.39M 4.81% 6
2025
Q2 		$30.7M Buy
462,958
+207,618
+81% +$13.9M 3.39% 12
2025
Q1 		$17M Buy
255,340
+13,627
+6% +$879K 2.16% 15
2024
Q4 		$15.8M Sell
241,713
-7,466
-3% -$518K 1.91% 15
2024
Q3 		$18M Sell
249,179
-22,387
-8% -$1.57M 1.96% 16
2024
Q2 		$19.1M Sell
271,566
-4,340
-2% -$310K 2.33% 14
2024
Q1 		$21.9M Sell
275,906
-3,029
-1% -$236K 2.6% 14
2023
Q4 		$21.8M Sell
278,935
-66,354
-19% -$4.62M 2.64% 13
2023
Q3 		$23M Sell
345,289
-2,176
-0.6% -$156K 2.78% 14
2023
Q2 		$26.9M Sell
347,465
-75,941
-18% -$5.48M 3.1% 12
2023
Q1 		$28.4M Sell
423,406
-99,179
-19% -$6.46M 3.22% 13
2022
Q4 		$33.8M Sell
522,585
-20,495
-4% -$1.26M 3.92% 9
2022
Q3 		$28.9M Buy
543,080
+403,838
+290% +$22.8M 3.68% 12
2022
Q2 		$6.99M Buy
139,242
+7,906
+6% +$423K 0.76% 26
2022
Q1 		$7.67M Buy
131,336
+12,675
+11% +$721K 0.68% 28
2021
Q4 		$7.2M Buy
118,661
+34,150
+40% +$2.01M 0.66% 32
2021
Q3 		$5.18M Buy
84,511
+28,091
+50% +$1.8M 0.52% 37
2021
Q2 		$3.63M Sell
56,420
-3,025
-5% -$204K 0.35% 51
2021
Q1 		$3.87M Sell
59,445
-5,600
-9% -$347K 0.38% 47
2020
Q4 		$3.98M Sell
65,045
-850
-1% -$49.6K 0.41% 42
2020
Q3 		$3.79M Buy
65,895
+54,935
+501% +$3.06M 0.37% 37
2020
Q2 		$597K Buy
10,960
+7,790
+246% +$393K 0.06% 69
2020
Q1 		$128K Buy
+3,170
New +$179K 0.02% 68

Other funds holding QSR

Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
PSCM
Pershing Square Capital Management New York $19.5B AUM 2.08% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
BG
Baupost Group Boston, Massachusetts $5.42B AUM 22.93% 1-Year Est. Return

Lincluden Management's QSR Position: Q2 2026 in Review

Lincluden Management reduced its Restaurant Brands International (QSR) stake by 21% in Q2 2026, selling an estimated $7.3M and leaving 357,508 shares worth $36.8M. The position accounts for 3.61% of the portfolio, ranked #8.

Lincluden Management first reported a position in QSR in Q1 2020 and has held it in 26 quarters since. The position peaked at $43.8M in Q4 2025. 578 funds tracked by Wall St. Rank hold QSR as of Q2 2026.

  • Lincluden Management held 357,508 shares of Restaurant Brands International worth $36.8M as of Q2 2026.
  • Lincluden Management sold 95,892 Restaurant Brands International shares in Q2 2026, an estimated $7.3M.
  • Restaurant Brands International made up 3.61% of Lincluden Management's portfolio in Q2 2026, its #8 holding.
  • Lincluden Management first reported a position in Restaurant Brands International in Q1 2020 and has held it in 26 quarters since.
  • Lincluden Management's Restaurant Brands International position peaked at $43.8M in Q4 2025.
  • 578 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2026.

Based on Lincluden Management's 13F filing for Q2 2026, filed 24 Jul 2026.