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Restaurant Brands International
QSR

443 hedge funds and large institutions have $19B invested in Restaurant Brands International in 2024 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 146 increasing their positions, 169 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more call options, than puts

Call options by funds: $141M | Put options by funds: $105M

8% more funds holding in top 10

Funds holding in top 10: 13 → 14 (+1)

2.81% more ownership

Funds ownership: 82.38% → 85.19% (+2.8%)

4% less funds holding

Funds holding: 462 → 443 (-19)

7% less capital invested

Capital invested by funds: $20.5B → $19B (-$1.54B)

14% less repeat investments, than reductions

Existing positions increased: 146 | Existing positions reduced: 169

22% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 60

Holders
443
Holders Change
-19
Holders Change %
-4.11%
% of All Funds
6.4%
Holding in Top 10
14
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+7.69%
% of All Funds
0.2%
New
47
Increased
146
Reduced
169
Closed
60
Calls
$141M
Puts
$105M
Net Calls
+$35.8M
Net Calls Change
-$31.5M

Top Buyers

1
DCP
D1 Capital Partners
New York
+$203M
2
Goldman Sachs
Goldman Sachs
New York
+$187M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$136M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$98.5M
5
N
Nuveen
North Carolina
+$95.5M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$266M
2
Fidelity International
Fidelity International
Bermuda
-$95.5M
3
EARNEST Partners
EARNEST Partners
Georgia
-$55.5M
4
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group
Japan
-$49M
5
Ameriprise
Ameriprise
Minnesota
-$29.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Axa
151
Axa
France
$2.49M -$429K -6,008 -15%
SCM
152
Seascape Capital Management
New Hampshire
$2.48M +$18.3K +256 +0.7%
SFCM
153
Savoir Faire Capital Management
Connecticut
$2.46M +$2.5M +35,000 New
URS
154
Utah Retirement Systems
Utah
$2.46M -$92.9K -1,300 -4%
AIM
155
Achmea Investment Management
Netherlands
$2.39M +$84.6K +1,185 +4%
CGIM
156
Capital Group Investment Management
Singapore
$2.34M – – –
State Street
157
State Street
Massachusetts
$2.29M – – –
First Trust Advisors
158
First Trust Advisors
Illinois
$2.2M +$465K +6,505 +26%
AAF
159
Andra AP-fonden
Sweden
$2.19M +$1.62M +22,700 New
Cetera Investment Advisers
160
Cetera Investment Advisers
Illinois
$2.13M -$757K -10,600 -26%
SNT
161
SIG North Trading
Pennsylvania
$2.13M +$2.16M +30,200 New
D.E. Shaw & Co
162
D.E. Shaw & Co
New York
$2.09M -$155K -2,167 -7%
TIM
163
Timelo Investment Management
Ontario, Canada
$2.04M +$2.07M +29,000 New
CGH
164
Crossmark Global Holdings
Texas
$2M -$239K -3,342 -10%
Commonwealth Equity Services
165
Commonwealth Equity Services
Massachusetts
$2M +$21.4K +300 +1%
UIM
166
USS Investment Management
United Kingdom
$1.93M +$137K +1,917 +8%
M&T Bank
167
M&T Bank
New York
$1.91M -$91.9K -1,286 -5%
Two Sigma Advisers
168
Two Sigma Advisers
New York
$1.91M +$1.94M +27,100 New
BSI
169
Bennett Selby Investments
Maine
$1.88M -$16.9M -236,811 -90%
PCP
170
Perbak Capital Partners
United Kingdom
$1.84M +$1.87M +26,172 New
KAS
171
Kestra Advisory Services
Texas
$1.79M -$293K -4,107 -14%
Osaic Holdings
172
Osaic Holdings
Arizona
$1.77M -$1.9M -26,596 -51%
CA
173
Callahan Advisors
Texas
$1.76M – – –
Capital Fund Management (CFM)
174
Capital Fund Management (CFM)
France
$1.75M -$421K -5,900 -19%
HCM
175
Hutner Capital Management
Vermont
$1.71M -$57.4K -803 -3%
5 6
7
8 9

QSR Hedge Fund Activity: Q2 2024 in Review

443 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q2 2024, worth a combined $19B — down 7.5% from $20.5B a quarter earlier.

Sellers outnumbered buyers: 60 funds closed out of QSR and 47 opened new positions — a net loss of 13 holders — while 169 trimmed existing stakes and 146 added.

The largest buyer was D1 Capital Partners, opening a new position worth an estimated $203M. The largest seller was Capital Research Global Investors, cutting an estimated $266M.

  • 443 institutional investors held Restaurant Brands International (QSR) as of Q2 2024, down from 462 in Q1 2024.
  • Funds reported $19B of Restaurant Brands International stock for Q2 2024, down 7.5% quarter-over-quarter.
  • 47 funds opened new Restaurant Brands International positions in Q2 2024 and 60 closed out, a net change of -13 holders.
  • The largest Restaurant Brands International buyer in Q2 2024 was D1 Capital Partners, an estimated $203M added.
  • The largest Restaurant Brands International seller in Q2 2024 was Capital Research Global Investors, an estimated $266M sold.

Based on aggregated 13F filings for Q2 2024.