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Restaurant Brands International

457 hedge funds and large institutions have $18.6B invested in Restaurant Brands International in 2025 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 173 increasing their positions, 144 reducing their positions, and 57 closing their positions.

New
Increased
Maintained
Reduced
Closed

209% more call options, than puts

Call options by funds: $280M | Put options by funds: $90.5M

30% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 57

20% more repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 144

11% more funds holding in top 10

Funds holding in top 10: 910 (+1)

8% more capital invested

Capital invested by funds: $17.2B → $18.6B (+$1.38B)

4.21% more ownership

Funds ownership: 81.48%85.69% (+4.2%)

2% more funds holding

Funds holding: 448457 (+9)

Holders
457
Holders Change
+9
Holders Change %
+2.01%
% of All Funds
6.13%
Holding in Top 10
10
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+11.11%
% of All Funds
0.13%
New
74
Increased
173
Reduced
144
Closed
57
Calls
$280M
Puts
$90.5M
Net Calls
+$190M
Net Calls Change
-$15.7M
Name Holding Trade Value Shares
Change
Change in
Stake
CF
26
Canoe Financial
Alberta, Canada
$154M +$18.8M +291,269 +14%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$136M +$11M +170,551 +9%
Morgan Stanley
28
Morgan Stanley
New York
$132M +$1.03M +15,987 +0.8%
Canada Pension Plan Investment Board
29
Canada Pension Plan Investment Board
Ontario, Canada
$122M -$74.5M -1,155,776 -39%
Bank of Nova Scotia
30
Bank of Nova Scotia
Ontario, Canada
$111M +$29M +450,364 +37%
BAM
31
Burgundy Asset Management
Ontario, Canada
$106M +$27.4M +425,203 +36%
Legal & General Group
32
Legal & General Group
United Kingdom
$102M +$2.01M +31,105 +2%
Bank of America
33
Bank of America
North Carolina
$101M +$26.5M +411,411 +37%
JP Morgan Chase
34
JP Morgan Chase
New York
$99.4M -$165M -2,554,112 -63%
SC
35
Scotia Capital
Ontario, Canada
$97.3M -$4.1M -63,641 -4%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
36
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$93.3M +$90.3M +1,400,000 New
AIMCA
37
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$92.1M +$30.1M +467,330 +51%
FDCDDQ
38
Federation des caisses Desjardins du Quebec
Quebec, Canada
$91.6M +$9.54M +147,934 +12%
Connor, Clark & Lunn Investment Management (CC&L)
39
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$89.3M +$44.7M +693,164 +107%
RC
40
RDST Capital
Washington
$81.2M +$27.4M +425,325 +54%
TWC
41
TD Waterhouse Canada
Ontario, Canada
$80.3M +$3.73M +57,822 +5%
Manulife (Manufacturers Life Insurance)
42
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$78.7M -$91.1M -1,412,113 -55%
GCC
43
Guardian Capital (Canada)
Ontario, Canada
$74.5M -$12.3M -190,374 -15%
Toronto Dominion Bank
44
Toronto Dominion Bank
Ontario, Canada
$71.3M +$8.71M +135,030 +14%
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$70.8M -$5.6M -86,789 -8%
Dimensional Fund Advisors
46
Dimensional Fund Advisors
Texas
$69.6M +$4.55M +70,526 +7%
EIP
47
Epoch Investment Partners
New York
$64.7M -$2.53M -39,159 -4%
AF
48
Aviso Financial
Ontario, Canada
$63.6M +$720K +11,164 +1%
Swiss National Bank
49
Swiss National Bank
Switzerland
$58.4M -$1.12M -17,300 -2%
Charles Schwab
50
Charles Schwab
California
$50.9M +$1.05M +16,242 +2%

QSR Hedge Fund Activity: Q1 2025 in Review

457 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q1 2025, worth a combined $18.6B — up 8% from $17.2B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new QSR positions and 57 closed out — a net gain of 17 holders — while 173 added to existing stakes and 144 trimmed.

The largest buyer was Fidelity International, adding an estimated $233M. The largest seller was Capital Research Global Investors, cutting an estimated $365M.

  • 457 institutional investors held Restaurant Brands International (QSR) as of Q1 2025, up from 448 in Q4 2024.
  • Funds reported $18.6B of Restaurant Brands International stock for Q1 2025, up 8% quarter-over-quarter.
  • 74 funds opened new Restaurant Brands International positions in Q1 2025 and 57 closed out, a net change of +17 holders.
  • The largest Restaurant Brands International buyer in Q1 2025 was Fidelity International, an estimated $233M added.
  • The largest Restaurant Brands International seller in Q1 2025 was Capital Research Global Investors, an estimated $365M sold.

Based on aggregated 13F filings for Q1 2025.