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Restaurant Brands International

265 hedge funds and large institutions have $10B invested in Restaurant Brands International in 2017 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 83 increasing their positions, 86 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 27

23% more funds holding in top 10

Funds holding in top 10: 1316 (+3)

16% more capital invested

Capital invested by funds: $8.6B → $10B (+$1.41B)

9% more funds holding

Funds holding: 244265 (+21)

0.42% less ownership

Funds ownership: 76.85%76.43% (-0.42%)

3% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 86

17% less call options, than puts

Call options by funds: $35M | Put options by funds: $42M

Holders
265
Holders Change
+21
Holders Change %
+8.61%
% of All Funds
6.6%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.4%
New
50
Increased
83
Reduced
86
Closed
27
Calls
$35M
Puts
$42M
Net Calls
-$6.98M
Net Calls Change
-$5.08M
Name Holding Trade Value Shares
Change
Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$2.18B
Fidelity Investments
2
Fidelity Investments
Massachusetts
$778M +$51.8M +989,549 +8%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$558M -$32.1M -614,011 -6%
Berkshire Hathaway
4
Berkshire Hathaway
Nebraska
$470M
Principal Financial Group
5
Principal Financial Group
Iowa
$466M +$16.8M +321,262 +4%
Bank of Montreal
6
Bank of Montreal
Ontario, Canada
$405M +$29.9M +571,609 +9%
Franklin Resources
7
Franklin Resources
California
$383M -$1.04M -19,890 -0.3%
Vanguard Group
8
Vanguard Group
Pennsylvania
$263M +$10.1M +193,389 +4%
HP
9
Hound Partners
New York
$240M +$29.8M +569,044 +15%
VM
10
Valinor Management
New York
$209M +$14.1M +270,071 +8%
SCM
11
Suvretta Capital Management
New York
$204M +$4.7M +89,760 +3%
Baillie Gifford & Co
12
Baillie Gifford & Co
United Kingdom
$198M -$2.81M -53,638 -1%
TD Asset Management
13
TD Asset Management
Ontario, Canada
$193M -$27.7M -528,802 -13%
CIBC World Market
14
CIBC World Market
Ontario, Canada
$179M +$1.46M +27,904 +0.9%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$175M -$29.2M -557,899 -15%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$151M -$9.28M -177,212 -6%
Toronto Dominion Bank
17
Toronto Dominion Bank
Ontario, Canada
$143M +$9.95M +190,025 +8%
Tiger Global Management
18
Tiger Global Management
New York
$136M +$6.8M +130,000 +6%
1832 Asset Management
19
1832 Asset Management
Ontario, Canada
$112M -$147M -2,799,467 -58%
JP Morgan Chase
20
JP Morgan Chase
New York
$96.5M +$1.2M +22,838 +1%
Canada Life
21
Canada Life
Manitoba, Canada
$89.6M +$6.89M +131,641 +9%
AG
22
Aravt Global
New York
$88.3M
Bessemer Group
23
Bessemer Group
New Jersey
$87.4M +$82M +1,567,433 New
Deutsche Bank
24
Deutsche Bank
Germany
$83.8M +$16.3M +311,930 +26%
MP
25
MSD Partners
New York
$78.7M

QSR Hedge Fund Activity: Q1 2017 in Review

265 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q1 2017, worth a combined $10B — up 16% from $8.6B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new QSR positions and 27 closed out — a net gain of 23 holders — while 83 added to existing stakes and 86 trimmed.

The largest buyer was Bessemer Group, opening a new position worth an estimated $82M. The largest seller was 1832 Asset Management, cutting an estimated $147M.

  • 265 institutional investors held Restaurant Brands International (QSR) as of Q1 2017, up from 244 in Q4 2016.
  • Funds reported $10B of Restaurant Brands International stock for Q1 2017, up 16% quarter-over-quarter.
  • 50 funds opened new Restaurant Brands International positions in Q1 2017 and 27 closed out, a net change of +23 holders.
  • The largest Restaurant Brands International buyer in Q1 2017 was Bessemer Group, an estimated $82M added.
  • The largest Restaurant Brands International seller in Q1 2017 was 1832 Asset Management, an estimated $147M sold.

Based on aggregated 13F filings for Q1 2017.