National Bank of Canada
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National Bank of Canada’s Restaurant Brands International QSR Stock Holding History

National Bank of Canada’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 		$260M Sell
3,553,001
-279,183
-7% -$19.6M 0.23% 75
2025
Q4 		$259M Buy
3,832,184
+214,374
+6% +$14.8M 0.24% 79
2025
Q3 		$232M Buy
3,617,810
+40,921
+1% +$2.69M 0.23% 87
2025
Q2 		$236M Sell
3,576,889
-395,092
-10% -$26.4M 0.22% 90
2025
Q1 		$263M Buy
3,971,981
+252,391
+7% +$16.3M 0.28% 76
2024
Q4 		$243M Buy
3,719,590
+538,131
+17% +$37.3M 0.26% 77
2024
Q3 		$230M Buy
3,181,459
+1,294,185
+69% +$91M 0.26% 74
2024
Q2 		$132M Buy
1,887,274
+406,038
+27% +$29M 0.18% 101
2024
Q1 		$108M Sell
1,481,236
-772,384
-34% -$60.2M 0.17% 110
2023
Q4 		$173M Buy
2,253,620
+717,801
+47% +$49.9M 0.28% 77
2023
Q3 		$99.8M Sell
1,535,819
-795,260
-34% -$57.1M 0.15% 135
2023
Q2 		$181M Sell
2,331,079
-78,421
-3% -$5.66M 0.33% 70
2023
Q1 		$162M Buy
2,409,500
+112,212
+5% +$7.31M 0.4% 47
2022
Q4 		$148M Buy
2,297,288
+1,788,595
+352% +$110M 0.38% 59
2022
Q3 		$27M Sell
508,693
-21,078
-4% -$1.19M 0.14% 157
2022
Q2 		$26.6M Sell
529,771
-44,863
-8% -$2.4M 0.12% 191
2022
Q1 		$33.8M Buy
574,634
+87,126
+18% +$4.96M 0.1% 195
2021
Q4 		$29.5M Buy
+487,508
New +$28.7M 0.1% 170

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

National Bank of Canada's QSR Position: Q1 2026 in Review

National Bank of Canada reduced its Restaurant Brands International (QSR) stake by 7.3% in Q1 2026, selling an estimated $19.6M and leaving 3,553,001 shares worth $260M. The position accounts for 0.23% of the portfolio, ranked #75.

National Bank of Canada first reported a position in QSR in Q4 2021 and has held it in 18 quarters since. The position peaked at $263M in Q1 2025. 546 funds tracked by Wall St. Rank hold QSR as of Q1 2026.

  • National Bank of Canada held 3,553,001 shares of Restaurant Brands International worth $260M as of Q1 2026.
  • National Bank of Canada sold 279,183 Restaurant Brands International shares in Q1 2026, an estimated $19.6M.
  • Restaurant Brands International made up 0.23% of National Bank of Canada's portfolio in Q1 2026, its #75 holding.
  • National Bank of Canada first reported a position in Restaurant Brands International in Q4 2021 and has held it in 18 quarters since.
  • National Bank of Canada's Restaurant Brands International position peaked at $263M in Q1 2025.
  • 546 funds tracked by Wall St. Rank held Restaurant Brands International as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.