Restaurant Brands International
QSR
437 hedge funds and large institutions have $17.5B invested in Restaurant Brands International in 2023 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 158 increasing their positions, 142 reducing their positions, and 44 closing their positions.
31% more call options, than puts
Call options by funds: $179M | Put options by funds: $137M
27% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 44
11% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 142
1% more funds holding
Funds holding: 431 → 437 (+6)
1.55% less ownership
Funds ownership: 83.37% → 81.82% (-1.5%)
13% less capital invested
Capital invested by funds: $20.2B → $17.5B (-$2.72B)
28% less funds holding in top 10
Funds holding in top 10: 18 → 13 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$131M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$105M |
| 3 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$87.7M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
+$66.9M |
| 5 |
Goldman Sachs
New York
|
+$60.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$87.8M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$74.9M |
| 3 |
Harris Associates
Chicago,
Illinois
|
-$67M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$62M |
| 5 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$57.1M |
QSR Hedge Fund Activity: Q3 2023 in Review
437 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q3 2023, worth a combined $17.5B — down 13% from $20.2B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new QSR positions and 44 closed out — a net gain of 12 holders — while 158 added to existing stakes and 142 trimmed.
The largest buyer was Fidelity International, adding an estimated $131M. The largest seller was Royal Bank of Canada, cutting an estimated $87.8M.
- 437 institutional investors held Restaurant Brands International (QSR) as of Q3 2023, up from 431 in Q2 2023.
- Funds reported $17.5B of Restaurant Brands International stock for Q3 2023, down 13% quarter-over-quarter.
- 56 funds opened new Restaurant Brands International positions in Q3 2023 and 44 closed out, a net change of +12 holders.
- The largest Restaurant Brands International buyer in Q3 2023 was Fidelity International, an estimated $131M added.
- The largest Restaurant Brands International seller in Q3 2023 was Royal Bank of Canada, an estimated $87.8M sold.
Based on aggregated 13F filings for Q3 2023.