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Restaurant Brands International
QSR

Overview Fund Activity

445 hedge funds and large institutions have $18.8B invested in Restaurant Brands International in 2025 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 168 increasing their positions, 141 reducing their positions, and 61 closing their positions.

Holders
445
Holders Change
-6
Holders Change %
-1.33%
% of All Funds
5.98%
Holding in Top 10
10
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.13%
New
65
Increased
168
Reduced
141
Closed
61
Calls
$78.2M
Puts
$47M
Net Calls
+$31.2M
Net Calls Change
-$158M

Top Buyers

1
BlackRock
1
BlackRock
New York
$472M
2
Norges Bank
2
Norges Bank
Norway
$255M
3
State Street
3
State Street
Massachusetts
$199M
4
Geode Capital Management
4
Geode Capital Management
Massachusetts
$286M
5
Morgan Stanley
5
Morgan Stanley
New York
$273M

Top Sellers

1
Citadel Advisors
1
Citadel Advisors
Florida
$0
2
Capital Research Global Investors
2
Capital Research Global Investors
California
$172M
3
Mackenzie Financial
3
Mackenzie Financial
Ontario, Canada
$128M
4
JFL
4
Jarislowsky, Fraser Ltd
Quebec, Canada
$226M
5
Royal Bank of Canada
5
Royal Bank of Canada
Ontario, Canada
$1.4B
Name Market Value Shares Shares
Change 		Shares
Change %
Capital World Investors
1
Capital World Investors
California
$2.85B 43,010,053 +424,465 +1%
PSCM
2
Pershing Square Capital Management
New York
$1.52B 23,000,914 – –
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$1.4B 21,107,913 -1,518,722 -7%
Vanguard Group
4
Vanguard Group
Pennsylvania
$1.02B 15,303,726 +1,134,665 +8%
EIG
5
EdgePoint Investment Group
Ontario, Canada
$858M 12,919,854 -795,750 -6%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$751M 11,321,433 -46,207 -0.4%
Goldman Sachs
7
Goldman Sachs
New York
$657M 9,904,392 +1,795,865 +22%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$603M 9,095,773 +1,013,743 +13%
BlackRock
9
BlackRock
New York
$472M 7,117,775 +6,882,031 +2,919%
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$453M 6,840,030 -119,727 -2%
Fidelity International
11
Fidelity International
Bermuda
$381M 5,746,631 +380,073 +7%
BGC
12
Beutel, Goodman & Co
Ontario, Canada
$372M 5,624,674 -173,893 -3%
TD Asset Management
13
TD Asset Management
Ontario, Canada
$363M 5,486,897 +855,436 +18%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$286M 4,296,050 +2,277,694 +113%
Fiera Capital (Canada)
15
Fiera Capital (Canada)
Quebec, Canada
$280M 4,221,623 +2,147 +0.1%
Morgan Stanley
16
Morgan Stanley
New York
$273M 4,115,907 +2,131,963 +107%
BG
17
Baupost Group
Massachusetts
$268M 4,049,562 +163,000 +4%
Norges Bank
18
Norges Bank
Norway
$255M 3,842,462 +3,842,462 New
National Bank of Canada
19
National Bank of Canada
Quebec, Canada
$236M 3,576,889 -395,092 -10%
DSA
20
Davis Selected Advisers
Arizona
$227M 3,419,715 +47,204 +1%
JFL
21
Jarislowsky, Fraser Ltd
Quebec, Canada
$226M 3,411,337 -2,813,702 -45%
Invesco
22
Invesco
Georgia
$218M 3,291,340 +646,583 +24%
MG
23
Meritage Group
California
$217M 3,280,877 -20,812 -0.6%
State Street
24
State Street
Massachusetts
$199M 2,997,344 +2,966,048 +9,477%
Canada Pension Plan Investment Board
25
Canada Pension Plan Investment Board
Ontario, Canada
$190M 2,855,081 +1,029,500 +56%
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