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Restaurant Brands International

244 hedge funds and large institutions have $8.6B invested in Restaurant Brands International in 2016 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 80 increasing their positions, 69 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 26

16% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 69

13% more capital invested

Capital invested by funds: $7.6B → $8.6B (+$1B)

8% more funds holding in top 10

Funds holding in top 10: 1213 (+1)

8% more funds holding

Funds holding: 226244 (+18)

3.32% more ownership

Funds ownership: 73.53%76.85% (+3.3%)

3% less call options, than puts

Call options by funds: $57.6M | Put options by funds: $59.5M

Holders
244
Holders Change
+18
Holders Change %
+7.96%
% of All Funds
6.1%
Holding in Top 10
13
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+8.33%
% of All Funds
0.33%
New
50
Increased
80
Reduced
69
Closed
26
Calls
$57.6M
Puts
$59.5M
Net Calls
-$1.9M
Net Calls Change
+$21.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$64.6M -$5.13M -111,301 -8%
TA
27
Teachers Advisors
New York
$63.5M -$2.01M -43,562 -3%
EIG
28
EdgePoint Investment Group
Ontario, Canada
$61.9M +$2.54M +55,000 +4%
TCIM
29
TIAA CREF Investment Management
New York
$61.7M -$1M -21,702 -2%
Swiss National Bank
30
Swiss National Bank
Switzerland
$58.9M -$337K -7,300 -0.6%
HCM
31
Hitchwood Capital Management
New York
$57.2M -$9.23M -200,000 -14%
Deutsche Bank
32
Deutsche Bank
Germany
$56.7M +$13.6M +295,415 +33%
Norges Bank
33
Norges Bank
Norway
$56.6M +$1.43M +31,101 +3%
VCM
34
Valiant Capital Management
California
$55.5M -$12.5M -271,800 -19%
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
$52.8M -$3.79M -82,201 -7%
Bank of America
36
Bank of America
North Carolina
$46.2M +$242K +5,237 +0.5%
NCA
37
Newbrook Capital Advisors
New York
$43.4M +$26.9M +583,110 +178%
PCM
38
Palestra Capital Management
New York
$42.9M -$15M -325,000 -27%
AIMCA
39
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$41.5M -$7.5M -162,600 -20%
Legal & General Group
40
Legal & General Group
United Kingdom
$38.4M -$717K -15,534 -2%
PIC
41
PCJ Investment Counsel
Ontario, Canada
$37.9M +$2.86M +61,939 +8%
SIMC
42
Stillwater Investment Management (California)
California
$32.4M
Bank of Nova Scotia
43
Bank of Nova Scotia
Ontario, Canada
$32.3M +$6.2M +134,381 +25%
Sumitomo Mitsui Trust Group
44
Sumitomo Mitsui Trust Group
Japan
$31.7M +$827K +17,920 +3%
TAM
45
Taurus Asset Management
New York
$29.9M
WCA
46
Waratah Capital Advisors
Ontario, Canada
$26.6M +$18.8M +406,825 +271%
CIBC Asset Management
47
CIBC Asset Management
Ontario, Canada
$26M -$197K -4,268 -0.8%
IIM
48
Intact Investment Management
Quebec, Canada
$25.3M +$3.91M +84,700 +27%
State of Wisconsin Investment Board
49
State of Wisconsin Investment Board
Wisconsin
$25.1M +$3.44M +74,500 +16%
Millennium Management
50
Millennium Management
New York
$24.8M +$23.7M +512,718 +6,554%

QSR Hedge Fund Activity: Q4 2016 in Review

244 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2016, worth a combined $8.6B — up 13% from $7.6B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new QSR positions and 26 closed out — a net gain of 24 holders — while 80 added to existing stakes and 69 trimmed.

The largest buyer was 1832 Asset Management, adding an estimated $111M. The largest seller was I.G. Investment Management, exiting entirely with an estimated $73.3M sold.

  • 244 institutional investors held Restaurant Brands International (QSR) as of Q4 2016, up from 226 in Q3 2016.
  • Funds reported $8.6B of Restaurant Brands International stock for Q4 2016, up 13% quarter-over-quarter.
  • 50 funds opened new Restaurant Brands International positions in Q4 2016 and 26 closed out, a net change of +24 holders.
  • The largest Restaurant Brands International buyer in Q4 2016 was 1832 Asset Management, an estimated $111M added.
  • The largest Restaurant Brands International seller in Q4 2016 was I.G. Investment Management, an estimated $73.3M sold.

Based on aggregated 13F filings for Q4 2016.