Simcoe Capital 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	–	Sell	-120,095	Closed	-$8M	–	23
2025 Q1	$8M	Buy	+120,095	New	+$8M	1.44%	12
2022 Q1	–	Sell	-140,690	Closed	-$8.54M	–	23
2021 Q4	$8.54M	Buy	+140,690	New	+$8.54M	0.96%	16