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

Palestra 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	-1,780,000	Closed	-$71.3M	–	31
2020 Q1	$71.3M	Buy	+1,780,000	New	+$101M	2.31%	16
2019 Q3	–	Sell	-971,455	Closed	-$67.6M	–	24
2019 Q2	$67.6M	Buy	+971,455	New	+$65M	1.96%	25
2018 Q3	–	Sell	-2,040,000	Closed	-$123M	–	24
2018 Q2	$123M	Buy	2,040,000 +837,091	+70%	+$48M	5.38%	4
2018 Q1	$68.5M	Buy	1,202,909 +240,000	+25%	+$14.3M	3.79%	19
2017 Q4	$59.2M	Sell	962,909 -487,000	-34%	-$31.2M	3.32%	19
2017 Q3	$92.6M	Buy	1,449,909 +450,600	+45%	+$27.9M	5.74%	3
2017 Q2	$62.5M	Sell	999,309 -225,691	-18%	-$13.3M	4.8%	15
2017 Q1	$68.3M	Buy	1,225,000 +325,000	+36%	+$17M	5.17%	8
2016 Q4	$42.9M	Sell	900,000 -325,000	-27%	-$15M	2.41%	17
2016 Q3	$54.6M	Buy	1,225,000 +395,000	+48%	+$17.9M	5.19%	10
2016 Q2	$34.5M	Buy	+830,000	New	+$34.3M	2.77%	22

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

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

Palestra Capital Management sold out of Restaurant Brands International (QSR) in Q2 2020, closing a stake of 1,780,000 shares — an estimated $71.3M sold.

Palestra Capital Management first reported a position in QSR in Q2 2016 and held it in 11 quarters. The position peaked at $123M in Q2 2018. 364 funds tracked by Wall St. Rank hold QSR as of Q2 2020.

Palestra Capital Management reported no remaining Restaurant Brands International position as of Q2 2020 after selling out during the quarter.
Palestra Capital Management sold 1,780,000 Restaurant Brands International shares in Q2 2020, an estimated $71.3M.
Palestra Capital Management first reported a position in Restaurant Brands International in Q2 2016 and held it in 11 quarters.
Palestra Capital Management's Restaurant Brands International position peaked at $123M in Q2 2018.
364 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2020.

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