River Road Asset Management’s Restaurant Brands International QSR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$58.6M	Buy	863,170 +409,934	+90%	+$27.8M	0.74%	47
2025 Q1	$30.2M	Buy	+453,236	New	+$30.2M	0.41%	82
2015 Q3	–	Sell	-46,571	Closed	-$1.78M	–	174
2015 Q2	$1.78M	Buy	+46,571	New	+$1.78M	0.03%	162