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Restaurant Brands International

462 hedge funds and large institutions have $19.7B invested in Restaurant Brands International in 2024 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 150 increasing their positions, 163 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more call options, than puts

Call options by funds: $326M | Put options by funds: $103M

53% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 45

4% more funds holding

Funds holding: 443462 (+19)

1.05% more ownership

Funds ownership: 85.19%86.24% (+1%)

4% more capital invested

Capital invested by funds: $19B → $19.7B (+$717M)

8% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 163

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

Holders
462
Holders Change
+19
Holders Change %
+4.29%
% of All Funds
6.63%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.17%
New
69
Increased
150
Reduced
163
Closed
45
Calls
$326M
Puts
$103M
Net Calls
+$223M
Net Calls Change
+$187M
Name Holding Trade Value Shares
Change
Change in
Stake
CF
26
Canoe Financial
Alberta, Canada
$145M +$9.79M +139,335 +7%
Citadel Advisors
27
Citadel Advisors
Florida
$138M +$134M +1,906,765 New
DCM
28
Dorsal Capital Management
California
$137M +$14.1M +200,000 +12%
Bank of Nova Scotia
29
Bank of Nova Scotia
Ontario, Canada
$125M -$45.7M -649,915 -27%
Morgan Stanley
30
Morgan Stanley
New York
$114M +$7.78M +110,705 +8%
SC
31
Scotia Capital
Ontario, Canada
$109M +$986K +14,036 +0.9%
Legal & General Group
32
Legal & General Group
United Kingdom
$108M +$1.66M +23,551 +2%
Point72 Asset Management
33
Point72 Asset Management
Connecticut
$106M +$76.1M +1,082,622 +283%
Geode Capital Management
34
Geode Capital Management
Massachusetts
$101M +$8.9M +126,600 +10%
DCP
35
D1 Capital Partners
New York
$95.9M -$106M -1,513,460 -53%
Bank of America
36
Bank of America
North Carolina
$93.4M +$17.5M +248,625 +24%
GCC
37
Guardian Capital (Canada)
Ontario, Canada
$92M +$746K +10,621 +0.8%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$91.1M -$4.16M -59,125 -4%
Holocene Advisors
39
Holocene Advisors
New York
$89.8M +$87.5M +1,245,010 New
BAM
40
Burgundy Asset Management
Ontario, Canada
$83.9M +$369K +5,244 +0.5%
TWC
41
TD Waterhouse Canada
Ontario, Canada
$82.6M -$741K -10,550 -0.9%
JCM
42
Junto Capital Management
New York
$81M +$25.5M +363,416 +48%
EIP
43
Epoch Investment Partners
New York
$77.9M -$2.35M -33,383 -3%
FDCDDQ
44
Federation des caisses Desjardins du Quebec
Quebec, Canada
$67.3M -$9.27M -131,838 -12%
Swiss National Bank
45
Swiss National Bank
Switzerland
$65.7M +$640K +9,100 +1%
AIMCA
46
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$65.6M -$6.07M -86,300 -9%
AF
47
Aviso Financial
Ontario, Canada
$65.3M +$988K +14,063 +2%
IIM
48
Intact Investment Management
Quebec, Canada
$62.4M +$7.56M +107,520 +14%
Toronto Dominion Bank
49
Toronto Dominion Bank
Ontario, Canada
$58.9M -$2.69M -38,298 -4%
Dimensional Fund Advisors
50
Dimensional Fund Advisors
Texas
$56.2M +$9.07M +129,042 +20%

QSR Hedge Fund Activity: Q3 2024 in Review

462 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q3 2024, worth a combined $19.7B — up 3.8% from $19B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new QSR positions and 45 closed out — a net gain of 24 holders — while 150 added to existing stakes and 163 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $342M. The largest seller was Fidelity International, cutting an estimated $242M.

  • 462 institutional investors held Restaurant Brands International (QSR) as of Q3 2024, up from 443 in Q2 2024.
  • Funds reported $19.7B of Restaurant Brands International stock for Q3 2024, up 3.8% quarter-over-quarter.
  • 69 funds opened new Restaurant Brands International positions in Q3 2024 and 45 closed out, a net change of +24 holders.
  • The largest Restaurant Brands International buyer in Q3 2024 was Goldman Sachs, an estimated $342M added.
  • The largest Restaurant Brands International seller in Q3 2024 was Fidelity International, an estimated $242M sold.

Based on aggregated 13F filings for Q3 2024.