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Meritage Group’s Restaurant Brands International QSR Stock Holding History

Meritage Group’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
Q1 		– Sell
-3,200,731
Closed -$218M – 14
2025
Q4 		$218M Sell
3,200,731
-80,146
-2% -$5.52M 6.79% 7
2025
Q3 		$210M Hold
3,280,877
– – 6.01% 8
2025
Q2 		$217M Sell
3,280,877
-20,812
-0.6% -$1.39M 5.96% 6
2025
Q1 		$220M Hold
3,301,689
– – 6.05% 8
2024
Q4 		$215M Buy
3,301,689
+3,245,689
+5,796% +$225M 5.13% 8
2024
Q3 		$4.04M Buy
+56,000
New +$3.94M 0.09% 22
2022
Q3 		– Sell
-3,438,844
Closed -$172M – 46
2022
Q2 		$172M Sell
3,438,844
-3,230,139
-48% -$173M 4.98% 9
2022
Q1 		$389M Sell
6,668,983
-463,507
-6% -$26.4M 6.06% 7
2021
Q4 		$433M Sell
7,132,490
-624,630
-8% -$36.8M 7.34% 5
2021
Q3 		$475M Sell
7,757,120
-133,867
-2% -$8.58M 9.35% 4
2021
Q2 		$508M Sell
7,890,987
-446,418
-5% -$30.1M 9.53% 5
2021
Q1 		$542M Sell
8,337,405
-462,232
-5% -$28.6M 10.39% 3
2020
Q4 		$538M Sell
8,799,637
-582,755
-6% -$34M 10.53% 2
2020
Q3 		$540M Hold
9,382,392
– – 10.26% 2
2020
Q2 		$513M Buy
9,382,392
+4,564,535
+95% +$230M 10.83% 2
2020
Q1 		$193M Buy
4,817,857
+2,238,519
+87% +$127M 5.24% 5
2019
Q4 		$164M Buy
2,579,338
+394,365
+18% +$26.4M 2.89% 17
2019
Q3 		$155M Sell
2,184,973
-1,398,133
-39% -$103M 2.91% 12
2019
Q2 		$249M Hold
3,583,106
– – 4.36% 9
2019
Q1 		$233M Sell
3,583,106
-154,228
-4% -$9.48M 4.95% 8
2018
Q4 		$195M Buy
3,737,334
+32,444
+0.9% +$1.8M 4.62% 10
2018
Q3 		$220M Buy
3,704,890
+833,638
+29% +$50.7M 3.42% 7
2018
Q2 		$173M Buy
+2,871,252
New +$164M 2.9% 16

Other funds holding QSR

Capital World Investors
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
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $12.5B AUM 31.7% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
BG
Baupost Group Boston, Massachusetts $5.12B AUM 15.99% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Meritage Group's QSR Position: Q1 2026 in Review

Meritage Group sold out of Restaurant Brands International (QSR) in Q1 2026, closing a stake of 3,200,731 shares — an estimated $218M sold.

Meritage Group first reported a position in QSR in Q2 2018 and held it in 23 quarters. The position peaked at $542M in Q1 2021. 545 funds tracked by Wall St. Rank hold QSR as of Q1 2026.

  • Meritage Group reported no remaining Restaurant Brands International position as of Q1 2026 after selling out during the quarter.
  • Meritage Group sold 3,200,731 Restaurant Brands International shares in Q1 2026, an estimated $218M.
  • Meritage Group first reported a position in Restaurant Brands International in Q2 2018 and held it in 23 quarters.
  • Meritage Group's Restaurant Brands International position peaked at $542M in Q1 2021.
  • 545 funds tracked by Wall St. Rank held Restaurant Brands International as of Q1 2026.

Based on Meritage Group's 13F filing for Q1 2026, filed 14 May 2026.