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Restaurant Brands International
QSR

207 hedge funds and large institutions have $6.66B invested in Restaurant Brands International in 2015 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 75 increasing their positions, 59 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 59

13% more capital invested

Capital invested by funds: $5.87B → $6.66B (+$786M)

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

7.26% more ownership

Funds ownership: 81.83% → 89.09% (+7.3%)

3% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 39

0% less funds holding

Funds holding: 208 → 207 (-1)

71% less call options, than puts

Call options by funds: $17.1M | Put options by funds: $57.9M

Holders
207
Holders Change
-1
Holders Change %
-0.48%
% of All Funds
5.43%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.45%
New
40
Increased
75
Reduced
59
Closed
39
Calls
$17.1M
Puts
$57.9M
Net Calls
-$40.8M
Net Calls Change
-$44.1M

Top Buyers

1
Tiger Global Management
Tiger Global Management
New York
+$235M
2
MP
MSD Partners
New York
+$79.1M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$70.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$46.4M
5
CGI
CI Global Investments
California
+$42.3M

Top Sellers

1
MCM
Mason Capital Management
New York
-$108M
2
MCMC
Matrix Capital Management Company
New Hampshire
-$62M
3
CRM
Cramer Rosenthal McGlynn
Connecticut
-$36M
4
AA
Antipodean Advisors
New York
-$34.6M
5
Morgan Stanley
Morgan Stanley
New York
-$19.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Capital Research Global Investors
26
Capital Research Global Investors
California
$71.3M +$70.1M +1,909,595 New
IGIM
27
I.G. Investment Management
Manitoba, Canada
$61.7M +$8.22M +223,848 +16%
Bank of America
28
Bank of America
North Carolina
$55.9M +$14.7M +401,210 +37%
Norges Bank
29
Norges Bank
Norway
$53.1M -$2.26M -61,632 -4%
Canada Life
30
Canada Life
Manitoba, Canada
$51.2M -$4.24M -115,499 -8%
CGI
31
CI Global Investments
California
$48.6M +$42.3M +1,150,801 +767%
JP Morgan Chase
32
JP Morgan Chase
New York
$47M +$1.03M +28,154 +2%
EIG
33
EdgePoint Investment Group
Ontario, Canada
$45M +$1.47M +40,000 +3%
PIC
34
PCJ Investment Counsel
Ontario, Canada
$44.8M -$2.72M -74,183 -6%
NCA
35
Newbrook Capital Advisors
New York
$42.9M +$6.8M +185,140 +19%
Deutsche Bank
36
Deutsche Bank
Germany
$41.4M +$17.8M +486,044 +78%
IGM
37
Incline Global Management
New York
$37.5M +$5.51M +150,052 +18%
AI
38
Axiom Investors
Connecticut
$37M -$12.8M -349,140 -26%
Swiss National Bank
39
Swiss National Bank
Switzerland
$33.3M -$77.1K -2,100 -0.2%
VOAM
40
Vertex One Asset Management
British Columbia, Canada
$31.9M -$5.88M -160,000 -16%
Two Sigma Investments
41
Two Sigma Investments
New York
$31.3M +$30.2M +821,216 +4,882%
ESG
42
Emerging Sovereign Group
New York
$30.3M +$29.8M +811,940 New
CIBC Asset Management
43
CIBC Asset Management
Ontario, Canada
$28.2M +$7.17M +195,166 +35%
Legal & General Group
44
Legal & General Group
United Kingdom
$27.2M -$1.03M -27,949 -4%
CRM
45
Cramer Rosenthal McGlynn
Connecticut
$25.9M -$36M -980,395 -59%
ACM
46
ADI Capital Management
New York
$23.5M +$3.78M +102,999 +20%
TAM
47
Taurus Asset Management
New York
$23.5M – – –
Bank of Nova Scotia
48
Bank of Nova Scotia
Ontario, Canada
$22.9M -$2.79M -75,900 -11%
Public Sector Pension Investment Board (PSP Investments)
49
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$22.1M +$1.47M +39,900 +7%
Massachusetts Financial Services
50
Massachusetts Financial Services
Massachusetts
$21.1M +$9.36M +254,903 +82%
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QSR Hedge Fund Activity: Q4 2015 in Review

207 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2015, worth a combined $6.66B — up 13% from $5.87B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new QSR positions and 39 closed out — a net gain of 1 holder — while 75 added to existing stakes and 59 trimmed.

The largest buyer was Tiger Global Management, opening a new position worth an estimated $235M. The largest seller was Mason Capital Management, exiting entirely with an estimated $108M sold.

  • 207 institutional investors held Restaurant Brands International (QSR) as of Q4 2015, down from 208 in Q3 2015.
  • Funds reported $6.66B of Restaurant Brands International stock for Q4 2015, up 13% quarter-over-quarter.
  • 40 funds opened new Restaurant Brands International positions in Q4 2015 and 39 closed out, a net change of +1 holder.
  • The largest Restaurant Brands International buyer in Q4 2015 was Tiger Global Management, an estimated $235M added.
  • The largest Restaurant Brands International seller in Q4 2015 was Mason Capital Management, an estimated $108M sold.

Based on aggregated 13F filings for Q4 2015.