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Restaurant Brands International
QSR

207 hedge funds and large institutions have $6.66B invested in Restaurant Brands International in 2015 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 75 increasing their positions, 59 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 59

13% more capital invested

Capital invested by funds: $5.87B → $6.66B (+$786M)

13% more funds holding in top 10

Funds holding in top 10: 15 → 17 (+2)

7.26% more ownership

Funds ownership: 81.83% → 89.09% (+7.3%)

3% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 39

0% less funds holding

Funds holding: 208 → 207 (-1)

71% less call options, than puts

Call options by funds: $17.1M | Put options by funds: $57.9M

Holders
207
Holders Change
-1
Holders Change %
-0.48%
% of All Funds
5.43%
Holding in Top 10
17
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+13.33%
% of All Funds
0.45%
New
40
Increased
75
Reduced
59
Closed
39
Calls
$17.1M
Puts
$57.9M
Net Calls
-$40.8M
Net Calls Change
-$44.1M

Top Buyers

1
Tiger Global Management
Tiger Global Management
New York
+$235M
2
MP
MSD Partners
New York
+$79.1M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$70.1M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$46.4M
5
CGI
CI Global Investments
California
+$42.3M

Top Sellers

1
MCM
Mason Capital Management
New York
-$108M
2
MCMC
Matrix Capital Management Company
New Hampshire
-$62M
3
CRM
Cramer Rosenthal McGlynn
Connecticut
-$36M
4
AA
Antipodean Advisors
New York
-$34.6M
5
Morgan Stanley
Morgan Stanley
New York
-$19.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$1.42B – – –
Fidelity Investments
2
Fidelity Investments
Massachusetts
$559M +$46.4M +1,264,266 +9%
Berkshire Hathaway
3
Berkshire Hathaway
Nebraska
$315M – – –
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$272M +$22.3M +606,355 +9%
Franklin Resources
5
Franklin Resources
California
$267M +$9.93M +270,460 +4%
Tiger Global Management
6
Tiger Global Management
New York
$239M +$235M +6,402,200 New
Principal Financial Group
7
Principal Financial Group
Iowa
$217M +$1.19M +32,486 +0.6%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$189M +$17.4M +474,532 +10%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$145M -$165K -4,504 -0.1%
Baillie Gifford & Co
10
Baillie Gifford & Co
United Kingdom
$141M -$4.44M -120,900 -3%
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$137M -$1.19M -32,324 -0.9%
Vanguard Group
12
Vanguard Group
Pennsylvania
$115M +$12.6M +343,738 +13%
HP
13
Hound Partners
New York
$110M +$9.67M +263,236 +10%
TCIM
14
TIAA CREF Investment Management
New York
$106M +$13.7M +373,792 +15%
CIBC World Market
15
CIBC World Market
Ontario, Canada
$105M +$6.83M +185,937 +7%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$103M +$6.84M +186,166 +7%
AG
17
Aravt Global
New York
$99.6M – – –
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$92.8M +$20.9M +567,785 +30%
SCM
19
Suvretta Capital Management
New York
$87.1M +$8.75M +238,300 +11%
CCM
20
Conatus Capital Management
Connecticut
$86.4M -$9.18M -249,879 -10%
TA
21
Teachers Advisors
New York
$80.5M +$6.78M +184,633 +9%
MP
22
MSD Partners
New York
$80.5M +$79.1M +2,153,544 New
D.E. Shaw & Co
23
D.E. Shaw & Co
New York
$79.2M +$22.1M +601,401 +40%
Morgan Stanley
24
Morgan Stanley
New York
$74.7M -$19.9M -540,930 -21%
PIP
25
Permian Investment Partners
Texas
$73.9M +$30.9M +841,964 +74%
1
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QSR Hedge Fund Activity: Q4 2015 in Review

207 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2015, worth a combined $6.66B — up 13% from $5.87B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new QSR positions and 39 closed out — a net gain of 1 holder — while 75 added to existing stakes and 59 trimmed.

The largest buyer was Tiger Global Management, opening a new position worth an estimated $235M. The largest seller was Mason Capital Management, exiting entirely with an estimated $108M sold.

  • 207 institutional investors held Restaurant Brands International (QSR) as of Q4 2015, down from 208 in Q3 2015.
  • Funds reported $6.66B of Restaurant Brands International stock for Q4 2015, up 13% quarter-over-quarter.
  • 40 funds opened new Restaurant Brands International positions in Q4 2015 and 39 closed out, a net change of +1 holder.
  • The largest Restaurant Brands International buyer in Q4 2015 was Tiger Global Management, an estimated $235M added.
  • The largest Restaurant Brands International seller in Q4 2015 was Mason Capital Management, an estimated $108M sold.

Based on aggregated 13F filings for Q4 2015.