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Restaurant Brands International

244 hedge funds and large institutions have $8.6B invested in Restaurant Brands International in 2016 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 80 increasing their positions, 69 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 26

16% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 69

13% more capital invested

Capital invested by funds: $7.6B → $8.6B (+$1B)

8% more funds holding in top 10

Funds holding in top 10: 1213 (+1)

8% more funds holding

Funds holding: 226244 (+18)

3.32% more ownership

Funds ownership: 73.53%76.85% (+3.3%)

3% less call options, than puts

Call options by funds: $57.6M | Put options by funds: $59.5M

Holders
244
Holders Change
+18
Holders Change %
+7.96%
% of All Funds
6.1%
Holding in Top 10
13
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+8.33%
% of All Funds
0.33%
New
50
Increased
80
Reduced
69
Closed
26
Calls
$57.6M
Puts
$59.5M
Net Calls
-$1.9M
Net Calls Change
+$21.7M
Name Holding Trade Value Shares
Change
Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$1.87B
Fidelity Investments
2
Fidelity Investments
Massachusetts
$618M +$8.59M +186,166 +1%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$506M +$35.4M +768,228 +8%
Berkshire Hathaway
4
Berkshire Hathaway
Nebraska
$402M
Principal Financial Group
5
Principal Financial Group
Iowa
$383M +$67.3M +1,459,844 +22%
Franklin Resources
6
Franklin Resources
California
$329M +$10.7M +231,930 +3%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$318M +$19.9M +431,732 +7%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$220M +$111M +2,397,039 +99%
Vanguard Group
9
Vanguard Group
Pennsylvania
$216M +$9.13M +198,032 +5%
TD Asset Management
10
TD Asset Management
Ontario, Canada
$191M +$3.95M +85,589 +2%
HP
11
Hound Partners
New York
$178M +$95.1M +2,062,122 +124%
Connor, Clark & Lunn Investment Management (CC&L)
12
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$177M +$2.26M +49,068 +1%
Baillie Gifford & Co
13
Baillie Gifford & Co
United Kingdom
$172M -$6.89M -149,419 -4%
SCM
14
Suvretta Capital Management
New York
$170M +$3.95M +85,600 +2%
VM
15
Valinor Management
New York
$166M +$9.03M +195,763 +6%
CIBC World Market
16
CIBC World Market
Ontario, Canada
$152M -$7.5M -162,675 -5%
Manulife (Manufacturers Life Insurance)
17
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$137M +$21.4M +464,501 +19%
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$114M -$1.13M -24,573 -1%
Tiger Global Management
19
Tiger Global Management
New York
$110M +$7.12M +154,265 +7%
Capital Research Global Investors
20
Capital Research Global Investors
California
$104M -$13M -281,190 -11%
JP Morgan Chase
21
JP Morgan Chase
New York
$81.4M -$9.67M -209,673 -11%
SI
22
Sentry Investments
Ontario, Canada
$77.8M +$32.9M +714,000 +142%
AG
23
Aravt Global
New York
$75.5M
Canada Life
24
Canada Life
Manitoba, Canada
$70.6M +$20.9M +453,355 +44%
MP
25
MSD Partners
New York
$67.3M

QSR Hedge Fund Activity: Q4 2016 in Review

244 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2016, worth a combined $8.6B — up 13% from $7.6B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new QSR positions and 26 closed out — a net gain of 24 holders — while 80 added to existing stakes and 69 trimmed.

The largest buyer was 1832 Asset Management, adding an estimated $111M. The largest seller was I.G. Investment Management, exiting entirely with an estimated $73.3M sold.

  • 244 institutional investors held Restaurant Brands International (QSR) as of Q4 2016, up from 226 in Q3 2016.
  • Funds reported $8.6B of Restaurant Brands International stock for Q4 2016, up 13% quarter-over-quarter.
  • 50 funds opened new Restaurant Brands International positions in Q4 2016 and 26 closed out, a net change of +24 holders.
  • The largest Restaurant Brands International buyer in Q4 2016 was 1832 Asset Management, an estimated $111M added.
  • The largest Restaurant Brands International seller in Q4 2016 was I.G. Investment Management, an estimated $73.3M sold.

Based on aggregated 13F filings for Q4 2016.