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Restaurant Brands International

463 hedge funds and large institutions have $20.5B invested in Restaurant Brands International in 2023 Q4 according to their latest regulatory filings, with 69 funds opening new positions, 155 increasing their positions, 156 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 40

17% more capital invested

Capital invested by funds: $17.5B → $20.5B (+$3.03B)

15% more funds holding in top 10

Funds holding in top 10: 1315 (+2)

11% more call options, than puts

Call options by funds: $158M | Put options by funds: $142M

6% more funds holding

Funds holding: 437463 (+26)

1.96% more ownership

Funds ownership: 81.82%83.78% (+2%)

1% less repeat investments, than reductions

Existing positions increased: 155 | Existing positions reduced: 156

Holders
463
Holders Change
+26
Holders Change %
+5.95%
% of All Funds
6.75%
Holding in Top 10
15
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+15.38%
% of All Funds
0.22%
New
69
Increased
155
Reduced
156
Closed
40
Calls
$158M
Puts
$142M
Net Calls
+$15.9M
Net Calls Change
-$26.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Holocene Advisors
26
Holocene Advisors
New York
$131M -$70M -1,005,660 -37%
Citadel Advisors
27
Citadel Advisors
Florida
$123M +$108M +1,554,223 +6,428%
Canada Pension Plan Investment Board
28
Canada Pension Plan Investment Board
Ontario, Canada
$121M +$19.5M +280,100 +22%
JP Morgan Chase
29
JP Morgan Chase
New York
$119M -$5.06M -72,696 -5%
EARNEST Partners
30
EARNEST Partners
Georgia
$118M -$280K -4,030 -0.3%
Primecap Management
31
Primecap Management
California
$117M
Morgan Stanley
32
Morgan Stanley
New York
$116M +$35.3M +507,535 +52%
Legal & General Group
33
Legal & General Group
United Kingdom
$114M -$1.06M -15,188 -1%
EIP
34
Epoch Investment Partners
New York
$110M -$14.8M -212,215 -13%
Toronto Dominion Bank
35
Toronto Dominion Bank
Ontario, Canada
$99.3M +$1.46M +21,050 +2%
TWC
36
TD Waterhouse Canada
Ontario, Canada
$98.2M +$3.82M +54,914 +6%
SC
37
Scotia Capital
Ontario, Canada
$98.2M -$2.89M -41,477 -3%
Connor, Clark & Lunn Investment Management (CC&L)
38
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$95.4M -$69M -992,364 -45%
BAM
39
Burgundy Asset Management
Ontario, Canada
$95.1M -$4.1M -58,922 -5%
Geode Capital Management
40
Geode Capital Management
Massachusetts
$85.2M +$1.43M +20,513 +2%
GCC
41
Guardian Capital (Canada)
Ontario, Canada
$80.6M -$2.17M -31,231 -3%
Point72 Asset Management
42
Point72 Asset Management
Connecticut
$79.2M +$5.19M +74,674 +8%
N
43
Nuveen
North Carolina
$74.3M +$23.8M +342,020 +56%
Bank of America
44
Bank of America
North Carolina
$74M -$1.87M -26,930 -3%
Swiss National Bank
45
Swiss National Bank
Switzerland
$73.2M -$3.88M -55,800 -6%
CAM
46
Cidel Asset Management
Ontario, Canada
$72M -$1.94M -27,825 -3%
AIMCA
47
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$67.2M -$3.39M -48,700 -5%
CQS
48
Credential Qtrade Securities
$60.9M +$12.3M +177,392 +29%
Goldman Sachs
49
Goldman Sachs
New York
$57.3M -$103M -1,480,095 -67%
Sumitomo Mitsui Trust Group
50
Sumitomo Mitsui Trust Group
Japan
$55.6M -$177K -2,542 -0.4%

QSR Hedge Fund Activity: Q4 2023 in Review

463 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2023, worth a combined $20.5B — up 17% from $17.5B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new QSR positions and 40 closed out — a net gain of 29 holders — while 155 added to existing stakes and 156 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $276M. The largest seller was EdgePoint Investment Group, cutting an estimated $107M.

  • 463 institutional investors held Restaurant Brands International (QSR) as of Q4 2023, up from 437 in Q3 2023.
  • Funds reported $20.5B of Restaurant Brands International stock for Q4 2023, up 17% quarter-over-quarter.
  • 69 funds opened new Restaurant Brands International positions in Q4 2023 and 40 closed out, a net change of +29 holders.
  • The largest Restaurant Brands International buyer in Q4 2023 was Capital Research Global Investors, an estimated $276M added.
  • The largest Restaurant Brands International seller in Q4 2023 was EdgePoint Investment Group, an estimated $107M sold.

Based on aggregated 13F filings for Q4 2023.