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Restaurant Brands International

332 hedge funds and large institutions have $14B invested in Restaurant Brands International in 2019 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 113 increasing their positions, 97 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 42

16% more repeat investments, than reductions

Existing positions increased: 113 | Existing positions reduced: 97

5% more capital invested

Capital invested by funds: $13.3B → $14B (+$679M)

2% more funds holding

Funds holding: 325332 (+7)

7% less call options, than puts

Call options by funds: $72.3M | Put options by funds: $77.3M

1.68% less ownership

Funds ownership: 81.24%79.56% (-1.7%)

38% less funds holding in top 10

Funds holding in top 10: 138 (-5)

Holders
332
Holders Change
+7
Holders Change %
+2.15%
% of All Funds
7.21%
Holding in Top 10
8
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-38.46%
% of All Funds
0.17%
New
54
Increased
113
Reduced
97
Closed
42
Calls
$72.3M
Puts
$77.3M
Net Calls
-$5.07M
Net Calls Change
-$135M
Name Holding Trade Value Shares
Change
Change in
Stake
Canada Life
26
Canada Life
Manitoba, Canada
$132M -$12M -178,656 -9%
MCM
27
Melvin Capital Management
New York
$125M -$119M -1,778,393 -50%
Bessemer Group
28
Bessemer Group
New Jersey
$123M +$1.48M +22,101 +1%
Norges Bank
29
Norges Bank
Norway
$122M -$6.91M -103,230 -6%
TCCM
30
Two Creeks Capital Management
New York
$117M -$16.1M -241,160 -12%
Fiera Capital (Canada)
31
Fiera Capital (Canada)
Quebec, Canada
$117M -$2.84M -42,444 -2%
Two Sigma Investments
32
Two Sigma Investments
New York
$108M -$12.9M -192,109 -11%
EIG
33
EdgePoint Investment Group
Ontario, Canada
$103M -$11.1M -165,100 -10%
Two Sigma Advisers
34
Two Sigma Advisers
New York
$100M +$4.11M +61,324 +4%
Ameriprise
35
Ameriprise
Minnesota
$83.3M -$28.7M -428,497 -26%
Legal & General Group
36
Legal & General Group
United Kingdom
$77.7M +$2.13M +31,768 +3%
Bank of Nova Scotia
37
Bank of Nova Scotia
Ontario, Canada
$77.4M -$3.35M -49,968 -4%
Primecap Management
38
Primecap Management
California
$74.6M -$670K -10,000 -0.9%
HP
39
Hound Partners
New York
$73.6M -$53.4M -797,671 -43%
DKCM
40
Davidson Kempner Capital Management
New York
$71.3M +$18.4M +275,000 +37%
Alkeon Capital Management
41
Alkeon Capital Management
New York
$70M
PCM
42
Palestra Capital Management
New York
$67.6M +$65M +971,455 New
Allianz Asset Management
43
Allianz Asset Management
Germany
$66.8M -$1.18M -17,628 -2%
SC
44
Samlyn Capital
New York
$64.4M -$12.6M -188,841 -17%
Toronto Dominion Bank
45
Toronto Dominion Bank
Ontario, Canada
$62.6M +$35.5M +529,654 +42%
Millennium Management
46
Millennium Management
New York
$62.1M -$55.5M -828,203 -48%
Swiss National Bank
47
Swiss National Bank
Switzerland
$61.3M +$2.99M +44,700 +5%
SC
48
Scotia Capital
Ontario, Canada
$60.7M +$6.1M +91,070 +12%
JCM
49
Junto Capital Management
New York
$59.7M +$57.5M +858,990 New
Sumitomo Mitsui Trust Group
50
Sumitomo Mitsui Trust Group
Japan
$59.3M -$1.07M -15,986 -2%

QSR Hedge Fund Activity: Q2 2019 in Review

332 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q2 2019, worth a combined $14B — up 5.1% from $13.3B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new QSR positions and 42 closed out — a net gain of 12 holders — while 113 added to existing stakes and 97 trimmed.

The largest buyer was Nuveen, adding an estimated $230M. The largest seller was Eminence Capital, exiting entirely with an estimated $192M sold.

  • 332 institutional investors held Restaurant Brands International (QSR) as of Q2 2019, up from 325 in Q1 2019.
  • Funds reported $14B of Restaurant Brands International stock for Q2 2019, up 5.1% quarter-over-quarter.
  • 54 funds opened new Restaurant Brands International positions in Q2 2019 and 42 closed out, a net change of +12 holders.
  • The largest Restaurant Brands International buyer in Q2 2019 was Nuveen, an estimated $230M added.
  • The largest Restaurant Brands International seller in Q2 2019 was Eminence Capital, an estimated $192M sold.

Based on aggregated 13F filings for Q2 2019.