Onex Canada Asset Management’s Restaurant Brands International QSR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-14,189	Closed	-$941K	–	103
2025 Q2	$941K	Sell	14,189 -17,434	-55%	-$1.16M	0.11%	97
2025 Q1	$2.11M	Sell	31,623 -10,813	-25%	-$697K	0.27%	83
2024 Q4	$2.77M	Sell	42,436 -4,096	-9%	-$284K	0.33%	75
2024 Q3	$3.36M	Sell	46,532 -8,152	-15%	-$573K	0.39%	75
2024 Q2	$4.07M	Sell	54,684 -10,470	-16%	-$748K	0.46%	65
2024 Q1	$5.17M	Sell	65,154 -16,188	-20%	-$1.26M	0.52%	62
2023 Q4	$6.36M	Sell	81,342 -96,134	-54%	-$6.69M	0.63%	55
2023 Q3	$11.8M	Sell	177,476 -62,678	-26%	-$4.5M	0.91%	38
2023 Q2	$18.6M	Sell	240,154 -56,163	-19%	-$4.05M	1.13%	30
2023 Q1	$19.9M	Sell	296,317 -25,461	-8%	-$1.66M	1.08%	31
2022 Q4	$20.8M	Sell	321,778 -92,566	-22%	-$5.69M	1.17%	30
2022 Q3	$22M	Buy	414,344 +1,700	+0.4%	+$96K	1.31%	26
2022 Q2	$20.7M	Buy	412,644 +102,548	+33%	+$5.49M	1.13%	31
2022 Q1	$18.1M	Buy	+310,096	New	+$17.6M	0.79%	48
2020 Q3	–	Sell	-6,334	Closed	-$344K	–	137
2020 Q2	$344K	Sell	6,334 -478,056	-99%	-$24.1M	0.02%	112
2020 Q1	$19.3M	Buy	484,390 +89,051	+23%	+$5.04M	1.28%	23
2019 Q4	$24.7M	Buy	395,339 +1,842	+0.5%	+$123K	1.4%	23
2019 Q3	$28M	Sell	393,497 -174,240	-31%	-$12.8M	1.75%	15
2019 Q2	$39.6M	Sell	567,737 -40,185	-7%	-$2.69M	2.38%	15
2019 Q1	$39.5M	Sell	607,922 -87,966	-13%	-$5.4M	2.35%	16
2018 Q4	$36.4M	Sell	695,888 -36,330	-5%	-$2.02M	2.35%	16
2018 Q3	$43.4M	Sell	732,218 -41,425	-5%	-$2.52M	2.1%	22
2018 Q2	$46.7M	Buy	773,643 +270,621	+54%	+$15.5M	2.38%	16
2018 Q1	$28.6M	Buy	+503,022	New	+$29.9M	1.55%	30