Restaurant Brands International
QSR
448 hedge funds and large institutions have $17.2B invested in Restaurant Brands International in 2024 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 156 increasing their positions, 160 reducing their positions, and 55 closing their positions.
203% more call options, than puts
Call options by funds: $306M | Put options by funds: $101M
3% less repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 160
3% less funds holding
Funds holding: 462 → 448 (-14)
4.75% less ownership
Funds ownership: 86.24% → 81.48% (-4.8%)
13% less capital invested
Capital invested by funds: $19.7B → $17.2B (-$2.52B)
15% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 55
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Meritage Group
San Francisco,
California
|
+$225M |
| 2 |
BG
Baupost Group
Boston,
Massachusetts
|
+$199M |
| 3 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$187M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$94.9M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$68.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$620M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$180M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$110M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$108M |
| 5 |
JP Morgan Chase
New York
|
-$105M |
QSR Hedge Fund Activity: Q4 2024 in Review
448 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2024, worth a combined $17.2B — down 13% from $19.7B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of QSR and 47 opened new positions — a net loss of 8 holders — while 160 trimmed existing stakes and 156 added.
The largest buyer was Meritage Group, adding an estimated $225M. The largest seller was Capital Research Global Investors, cutting an estimated $620M.
- 448 institutional investors held Restaurant Brands International (QSR) as of Q4 2024, down from 462 in Q3 2024.
- Funds reported $17.2B of Restaurant Brands International stock for Q4 2024, down 13% quarter-over-quarter.
- 47 funds opened new Restaurant Brands International positions in Q4 2024 and 55 closed out, a net change of -8 holders.
- The largest Restaurant Brands International buyer in Q4 2024 was Meritage Group, an estimated $225M added.
- The largest Restaurant Brands International seller in Q4 2024 was Capital Research Global Investors, an estimated $620M sold.
Based on aggregated 13F filings for Q4 2024.