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Restaurant Brands International
QSR

364 hedge funds and large institutions have $13.4B invested in Restaurant Brands International in 2020 Q2 according to their latest regulatory filings, with 92 funds opening new positions, 116 increasing their positions, 116 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 9 → 15 (+6)

61% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 57

45% more call options, than puts

Call options by funds: $121M | Put options by funds: $83.8M

42% more capital invested

Capital invested by funds: $9.43B → $13.4B (+$3.95B)

10% more funds holding

Funds holding: 330 → 364 (+34)

1.97% more ownership

Funds ownership: 78.87% → 80.84% (+2%)

0% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 116

Holders
364
Holders Change
+34
Holders Change %
+10.3%
% of All Funds
7.46%
Holding in Top 10
15
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+66.67%
% of All Funds
0.31%
New
92
Increased
116
Reduced
116
Closed
57
Calls
$121M
Puts
$83.8M
Net Calls
+$37.6M
Net Calls Change
+$23.7M

Top Buyers

1
PSCM
Pershing Square Capital Management
New York
+$506M
2
EIG
EdgePoint Investment Group
Ontario, Canada
+$327M
3
MG
Meritage Group
California
+$230M
4
PC
Pelham Capital
United Kingdom
+$223M
5
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
+$166M

Top Sellers

1
Berkshire Hathaway
Berkshire Hathaway
Nebraska
-$338M
2
SCP
Soroban Capital Partners
New York
-$208M
3
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$198M
4
MC
Maverick Capital
Texas
-$185M
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$83.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
TJHA
351
Thomas J. Herzfeld Advisors
Florida
$3K +$2.88K +57 New
BCA
352
Berman Capital Advisors
Georgia
$2K -$3.08K -61 -50%
BAM
353
Bellevue Asset Management
Washington
$2K -$50 -1 -3%
SSB
354
Sandy Spring Bank
Maryland
$2K – – –
WEC
355
Winslow Evans & Crocker
Massachusetts
$2K – – –
THWM
356
Taylor Hoffman Wealth Management
Virginia
$2K +$2.22K +44 New
AF
357
Advisornet Financial
Minnesota
$1K -$29.5K -585 -97%
ABC
358
Associated Banc-Corp
Wisconsin
$1K – – –
HWM
359
Holloway Wealth Management
Florida
$1K – – –
IWP
360
IAG Wealth Partners
Wisconsin
$1K – – –
LWM
361
Liberty Wealth Management
California
$1K +$504 +10 New
SPIA
362
Steward Partners Investment Advisory
New York
$1K +$857 +17 New
RDWM
363
Red Door Wealth Management
Tennessee
$1K +$1.41K +28 New
JG
364
Jefferies Group
New York
$333 -$35.4K -702 -10%
Berkshire Hathaway
365
Berkshire Hathaway
Nebraska
– -$338M -8,438,225 Closed
SCP
366
Soroban Capital Partners
New York
– -$208M -5,205,211 Closed
MC
367
Maverick Capital
Texas
– -$185M -4,612,010 Closed
PCM
368
Palestra Capital Management
New York
– -$71.3M -1,780,000 Closed
Renaissance Technologies
369
Renaissance Technologies
New York
– -$36.5M -912,687 Closed
MCM
370
Melvin Capital Management
New York
– -$28M -700,000 Closed
MSE
371
MUFG Securities EMEA
United Kingdom
– -$20M -500,000 Closed
Holocene Advisors
372
Holocene Advisors
New York
– -$17.7M -443,269 Closed
National Pension Service
373
National Pension Service
South Korea
– -$24.6M -433,371 Closed
MCM
374
Moore Capital Management
New York
– -$13.1M -328,159 Closed
GCC
375
Guardian Capital (Canada)
Ontario, Canada
– -$11M -276,650 Closed
13 14
15
16 17

QSR Hedge Fund Activity: Q2 2020 in Review

364 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q2 2020, worth a combined $13.4B — up 42% from $9.43B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new QSR positions and 57 closed out — a net gain of 35 holders — while 116 added to existing stakes and 116 trimmed.

The largest buyer was Pershing Square Capital Management, adding an estimated $506M. The largest seller was Berkshire Hathaway, exiting entirely with an estimated $338M sold.

  • 364 institutional investors held Restaurant Brands International (QSR) as of Q2 2020, up from 330 in Q1 2020.
  • Funds reported $13.4B of Restaurant Brands International stock for Q2 2020, up 42% quarter-over-quarter.
  • 92 funds opened new Restaurant Brands International positions in Q2 2020 and 57 closed out, a net change of +35 holders.
  • The largest Restaurant Brands International buyer in Q2 2020 was Pershing Square Capital Management, an estimated $506M added.
  • The largest Restaurant Brands International seller in Q2 2020 was Berkshire Hathaway, an estimated $338M sold.

Based on aggregated 13F filings for Q2 2020.