MSD Partners’s Restaurant Brands International QSR Stock Holding History

MSD Partners’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
2017 Q4	–	Sell	-940,800	Closed	-$60.1M	–	32
2017 Q3	$60.1M	Sell	940,800 -470,561	-33%	-$29.1M	1.75%	9
2017 Q2	$88.3M	Hold	1,411,361	–	–	5.49%	8
2017 Q1	$78.7M	Hold	1,411,361	–	–	3.92%	9
2016 Q4	$67.3M	Hold	1,411,361	–	–	3.37%	9
2016 Q3	$62.9M	Buy	1,411,361 +1,127,034	+396%	+$51.1M	5.08%	7
2016 Q2	$11.8M	Sell	284,327 -120,348	-30%	-$4.98M	0.77%	33
2016 Q1	$15.7M	Sell	404,675 -1,748,869	-81%	-$60.8M	0.82%	28
2015 Q4	$80.5M	Buy	+2,153,544	New	+$79.1M	3.41%	8
2015 Q1	–	Sell	-2,279,775	Closed	-$89M	–	76
2014 Q4	$89M	Buy	+2,279,775	New	+$87.6M	2.1%	12

Other funds holding QSR

PSCM

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

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

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

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

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

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

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

SCM

Suvretta Capital Management New York $3.92B AUM 86.67% 1-Year Est. Return

MSD Partners's QSR Position: Q4 2017 in Review

MSD Partners sold out of Restaurant Brands International (QSR) in Q4 2017, closing a stake of 940,800 shares — an estimated $60.1M sold.

MSD Partners first reported a position in QSR in Q4 2014 and held it in 9 quarters. The position peaked at $89M in Q4 2014. 308 funds tracked by Wall St. Rank hold QSR as of Q4 2017.

MSD Partners reported no remaining Restaurant Brands International position as of Q4 2017 after selling out during the quarter.
MSD Partners sold 940,800 Restaurant Brands International shares in Q4 2017, an estimated $60.1M.
MSD Partners first reported a position in Restaurant Brands International in Q4 2014 and held it in 9 quarters.
MSD Partners's Restaurant Brands International position peaked at $89M in Q4 2014.
308 funds tracked by Wall St. Rank held Restaurant Brands International as of Q4 2017.

Based on MSD Partners's 13F filing for Q4 2017, filed 14 Feb 2018.