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

Melvin 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
2020 Q2	–	Sell	-700,000	Closed	-$28M	–	114
2020 Q1	$28M	Sell	700,000 -800,000	-53%	-$45.3M	0.22%	60
2019 Q4	$95.7M	Sell	1,500,000 -617,120	-29%	-$41.3M	0.79%	42
2019 Q3	$151M	Buy	2,117,120 +317,120	+18%	+$23.4M	1.22%	25
2019 Q2	$125M	Sell	1,800,000 -1,778,393	-50%	-$119M	1.28%	24
2019 Q1	$233M	Buy	3,578,393 +259,397	+8%	+$15.9M	2.73%	13
2018 Q4	$174M	Buy	3,318,996 +1,353,996	+69%	+$75.2M	2.36%	16
2018 Q3	$116M	Buy	1,965,000 +665,000	+51%	+$40.5M	1.23%	28
2018 Q2	$78.4M	Buy	1,300,000 +1,100,000	+550%	+$63M	0.71%	38
2018 Q1	$11.4M	Sell	200,000 -600,000	-75%	-$35.6M	0.11%	81
2017 Q4	$49.2M	Sell	800,000 -1,640,585	-67%	-$105M	0.47%	50
2017 Q3	$156M	Buy	2,440,585 +1,365,585	+127%	+$84.4M	1.88%	18
2017 Q2	$67.2M	Buy	+1,075,000	New	+$63.3M	0.88%	30

Other funds holding QSR

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

JFL

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

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

EIG

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

Meritage Group San Francisco, California $2.65B AUM 6.3% 1-Year Est. Return

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

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

Melvin Capital Management's QSR Position: Q2 2020 in Review

Melvin Capital Management sold out of Restaurant Brands International (QSR) in Q2 2020, closing a stake of 700,000 shares — an estimated $28M sold.

Melvin Capital Management first reported a position in QSR in Q2 2017 and held it in 12 quarters. The position peaked at $233M in Q1 2019. 364 funds tracked by Wall St. Rank hold QSR as of Q2 2020.

Melvin Capital Management reported no remaining Restaurant Brands International position as of Q2 2020 after selling out during the quarter.
Melvin Capital Management sold 700,000 Restaurant Brands International shares in Q2 2020, an estimated $28M.
Melvin Capital Management first reported a position in Restaurant Brands International in Q2 2017 and held it in 12 quarters.
Melvin Capital Management's Restaurant Brands International position peaked at $233M in Q1 2019.
364 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2020.

Based on Melvin Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.