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Restaurant Brands International

211 hedge funds and large institutions have $6.7B invested in Restaurant Brands International in 2016 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 65 increasing their positions, 78 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 30

2% more funds holding

Funds holding: 207211 (+4)

1% more capital invested

Capital invested by funds: $6.66B → $6.7B (+$44.5M)

15.63% less ownership

Funds ownership: 89.09%73.46% (-16%)

17% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 78

29% less funds holding in top 10

Funds holding in top 10: 1712 (-5)

61% less call options, than puts

Call options by funds: $23.3M | Put options by funds: $59.5M

Holders
211
Holders Change
+4
Holders Change %
+1.93%
% of All Funds
5.62%
Holding in Top 10
12
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-29.41%
% of All Funds
0.32%
New
37
Increased
65
Reduced
78
Closed
30
Calls
$23.3M
Puts
$59.5M
Net Calls
-$36.2M
Net Calls Change
+$4.64M
Name Holding Trade Value Shares
Change
Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$1.52B +$39.9M +1,146,567 +3%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$438M -$128M -3,679,669 -25%
Berkshire Hathaway
3
Berkshire Hathaway
Nebraska
$328M
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$298M +$14.5M +417,693 +6%
Franklin Resources
5
Franklin Resources
California
$288M +$9.33M +268,251 +4%
Principal Financial Group
6
Principal Financial Group
Iowa
$248M +$20.3M +582,544 +10%
1832 Asset Management
7
1832 Asset Management
Ontario, Canada
$222M -$5.17M -148,700 -4%
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$219M +$20.1M +578,509 +11%
TD Asset Management
9
TD Asset Management
Ontario, Canada
$153M +$281K +8,070 +0.2%
Baillie Gifford & Co
10
Baillie Gifford & Co
United Kingdom
$149M +$799K +22,978 +0.6%
Vanguard Group
11
Vanguard Group
Pennsylvania
$144M +$22.3M +641,722 +21%
VM
12
Valinor Management
New York
$121M +$108M +3,103,432 New
SCM
13
Suvretta Capital Management
New York
$118M +$24.6M +708,565 +30%
HP
14
Hound Partners
New York
$117M +$2.38M +68,509 +2%
CIBC World Market
15
CIBC World Market
Ontario, Canada
$114M +$3.91M +112,390 +4%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$102M -$5.24M -150,625 -5%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$100M +$11M +315,287 +14%
Capital Research Global Investors
18
Capital Research Global Investors
California
$98.1M +$21.5M +618,004 +32%
Tiger Global Management
19
Tiger Global Management
New York
$95.5M -$137M -3,942,200 -62%
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
$91.4M +$8.19M +235,353 +11%
AG
21
Aravt Global
New York
$89.3M -$12.7M -365,000 -14%
TCIM
22
TIAA CREF Investment Management
New York
$87.5M -$20M -575,054 -20%
Toronto Dominion Bank
23
Toronto Dominion Bank
Ontario, Canada
$82.5M -$12.5M -358,669 -14%
CCM
24
Conatus Capital Management
Connecticut
$77.5M -$11M -315,491 -14%
PIP
25
Permian Investment Partners
Texas
$77M +$146K +4,197 +0.2%

QSR Hedge Fund Activity: Q1 2016 in Review

211 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q1 2016, worth a combined $6.7B — up 0.67% from $6.66B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new QSR positions and 30 closed out — a net gain of 7 holders — while 65 added to existing stakes and 78 trimmed.

The largest buyer was Valinor Management, opening a new position worth an estimated $108M. The largest seller was Tiger Global Management, cutting an estimated $137M.

  • 211 institutional investors held Restaurant Brands International (QSR) as of Q1 2016, up from 207 in Q4 2015.
  • Funds reported $6.7B of Restaurant Brands International stock for Q1 2016, up 0.67% quarter-over-quarter.
  • 37 funds opened new Restaurant Brands International positions in Q1 2016 and 30 closed out, a net change of +7 holders.
  • The largest Restaurant Brands International buyer in Q1 2016 was Valinor Management, an estimated $108M added.
  • The largest Restaurant Brands International seller in Q1 2016 was Tiger Global Management, an estimated $137M sold.

Based on aggregated 13F filings for Q1 2016.