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

Valiant 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
2019 Q1	–	Sell	-634,700	Closed	-$33.2M	–	16
2018 Q4	$33.2M	Sell	634,700 -68,500	-10%	-$3.8M	3.13%	11
2018 Q3	$41.7M	Hold	703,200	–	–	3.69%	12
2018 Q2	$42.4M	Hold	703,200	–	–	3.94%	11
2018 Q1	$40M	Hold	703,200	–	–	3.66%	13
2017 Q4	$43.2M	Hold	703,200	–	–	3.23%	11
2017 Q3	$44.9M	Sell	703,200 -246,100	-26%	-$15.2M	3.44%	11
2017 Q2	$59.4M	Sell	949,300 -214,600	-18%	-$12.6M	3.23%	11
2017 Q1	$64.9M	Hold	1,163,900	–	–	3.54%	12
2016 Q4	$55.5M	Sell	1,163,900 -271,800	-19%	-$12.5M	3.99%	11
2016 Q3	$64M	Hold	1,435,700	–	–	3.88%	9
2016 Q2	$59.7M	Hold	1,435,700	–	–	3.96%	10
2016 Q1	$55.7M	Buy	+1,435,700	New	+$49.9M	3.96%	10

Other funds holding QSR

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

JFL

Jarislowsky, Fraser Ltd Montreal, Quebec, Canada $18.2B AUM 22.04% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $269B AUM 31.4% 1-Year Est. Return

Valiant Capital Management's QSR Position: Q1 2019 in Review

Valiant Capital Management sold out of Restaurant Brands International (QSR) in Q1 2019, closing a stake of 634,700 shares — an estimated $33.2M sold.

Valiant Capital Management first reported a position in QSR in Q1 2016 and held it in 12 quarters. The position peaked at $64.9M in Q1 2017. 325 funds tracked by Wall St. Rank hold QSR as of Q1 2019.

Valiant Capital Management reported no remaining Restaurant Brands International position as of Q1 2019 after selling out during the quarter.
Valiant Capital Management sold 634,700 Restaurant Brands International shares in Q1 2019, an estimated $33.2M.
Valiant Capital Management first reported a position in Restaurant Brands International in Q1 2016 and held it in 12 quarters.
Valiant Capital Management's Restaurant Brands International position peaked at $64.9M in Q1 2017.
325 funds tracked by Wall St. Rank held Restaurant Brands International as of Q1 2019.

Based on Valiant Capital Management's 13F filing for Q1 2019, filed 14 May 2019.