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Seth Klarman’s Restaurant Brands International QSR Stock Holding History

Seth Klarman’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
Q2 		$490M Sell
6,753,112
-1,327,000
-16% -$101M 9.04% 3
2026
Q1 		$597M Hold
8,080,112
– – 11.67% 2
2025
Q4 		$551M Sell
8,080,112
-172,750
-2% -$11.9M 10.44% 1
2025
Q3 		$529M Buy
8,252,862
+4,203,300
+104% +$277M 11.05% 1
2025
Q2 		$268M Buy
4,049,562
+163,000
+4% +$10.9M 6.5% 7
2025
Q1 		$259M Buy
3,886,562
+984,862
+34% +$63.5M 7.41% 6
2024
Q4 		$189M Buy
2,901,700
+2,873,406
+10,156% +$199M 5.51% 7
2024
Q3 		$2.04M Buy
+28,294
New +$1.99M 0.06% 20

Other funds holding QSR

Capital World Investors
Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return
PSCM
Pershing Square Capital Management New York $19.5B AUM 2.08% 1-Year Est. Return
Royal Bank of Canada
Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Bank of Montreal
Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
Fiera Capital (Canada)
Fiera Capital (Canada) Montreal, Quebec, Canada $27.6B AUM 23.56% 1-Year Est. Return

Seth Klarman's QSR Position: Q2 2026 in Review

Seth Klarman reduced its Restaurant Brands International (QSR) stake by 16% in Q2 2026, selling an estimated $101M and leaving 6,753,112 shares worth $490M. The position accounts for 9.04% of the portfolio, ranked #3.

Seth Klarman first reported a position in QSR in Q3 2024 and has held it in 8 quarters since. The position peaked at $597M in Q1 2026. 575 funds tracked by Wall St. Rank hold QSR as of Q2 2026.

  • Seth Klarman held 6,753,112 shares of Restaurant Brands International worth $490M as of Q2 2026.
  • Seth Klarman sold 1,327,000 Restaurant Brands International shares in Q2 2026, an estimated $101M.
  • Restaurant Brands International made up 9.04% of Seth Klarman's portfolio in Q2 2026, its #3 holding.
  • Seth Klarman first reported a position in Restaurant Brands International in Q3 2024 and has held it in 8 quarters since.
  • Seth Klarman's Restaurant Brands International position peaked at $597M in Q1 2026.
  • 575 funds tracked by Wall St. Rank held Restaurant Brands International as of Q2 2026.

Based on Baupost Group's 13F filing for Q2 2026, filed 13 Aug 2026.