Restaurant Brands International
QSR
325 hedge funds and large institutions have $13.3B invested in Restaurant Brands International in 2019 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 124 increasing their positions, 99 reducing their positions, and 27 closing their positions.
135% more call options, than puts
Call options by funds: $226M | Put options by funds: $96.4M
74% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 27
25% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 99
21% more capital invested
Capital invested by funds: $11B → $13.3B (+$2.3B)
6% more funds holding
Funds holding: 308 → 325 (+17)
2.56% less ownership
Funds ownership: 83.8% → 81.24% (-2.6%)
19% less funds holding in top 10
Funds holding in top 10: 16 → 13 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$141M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$107M |
| 3 |
Two Sigma Investments
New York
|
+$91.8M |
| 4 |
Two Sigma Advisers
New York
|
+$83.8M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$52.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$349M |
| 2 |
PSCM
Pershing Square Capital Management
New York
|
-$82.5M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$68.3M |
| 4 |
SCM
Suvretta Capital Management
New York
|
-$51M |
| 5 |
Goldman Sachs
New York
|
-$50M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
351
Parallax Volatility Advisers
San Francisco,
California
| – | +$430 | +7 | New |
|
QSR Hedge Fund Activity: Q1 2019 in Review
325 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q1 2019, worth a combined $13.3B — up 21% from $11B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new QSR positions and 27 closed out — a net gain of 20 holders — while 124 added to existing stakes and 99 trimmed.
The largest buyer was CIBC Asset Management, adding an estimated $141M. The largest seller was Franklin Resources, cutting an estimated $349M.
- 325 institutional investors held Restaurant Brands International (QSR) as of Q1 2019, up from 308 in Q4 2018.
- Funds reported $13.3B of Restaurant Brands International stock for Q1 2019, up 21% quarter-over-quarter.
- 47 funds opened new Restaurant Brands International positions in Q1 2019 and 27 closed out, a net change of +20 holders.
- The largest Restaurant Brands International buyer in Q1 2019 was CIBC Asset Management, an estimated $141M added.
- The largest Restaurant Brands International seller in Q1 2019 was Franklin Resources, an estimated $349M sold.
Based on aggregated 13F filings for Q1 2019.