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Restaurant Brands International

282 hedge funds and large institutions have $11.6B invested in Restaurant Brands International in 2017 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 83 increasing their positions, 98 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

96% more call options, than puts

Call options by funds: $67.8M | Put options by funds: $34.6M

61% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 28

15% more capital invested

Capital invested by funds: $10B → $11.6B (+$1.54B)

13% more funds holding in top 10

Funds holding in top 10: 1618 (+2)

6% more funds holding

Funds holding: 265282 (+17)

1.62% more ownership

Funds ownership: 76.43%78.05% (+1.6%)

15% less repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 98

Holders
282
Holders Change
+17
Holders Change %
+6.42%
% of All Funds
7.03%
Holding in Top 10
18
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+12.5%
% of All Funds
0.45%
New
45
Increased
83
Reduced
98
Closed
28
Calls
$67.8M
Puts
$34.6M
Net Calls
+$33.2M
Net Calls Change
+$40.2M
Name Holding Trade Value Shares
Change
Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$2.45B
Fidelity Investments
2
Fidelity Investments
Massachusetts
$969M +$90M +1,528,447 +11%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$611M -$14.2M -241,592 -2%
Principal Financial Group
4
Principal Financial Group
Iowa
$528M +$4.79M +81,256 +1%
Berkshire Hathaway
5
Berkshire Hathaway
Nebraska
$528M
Franklin Resources
6
Franklin Resources
California
$427M -$2.99M -50,806 -0.7%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$384M -$66.6M -1,129,984 -16%
Vanguard Group
8
Vanguard Group
Pennsylvania
$312M +$15.8M +268,220 +6%
HP
9
Hound Partners
New York
$266M -$2.85M -48,314 -1%
Baillie Gifford & Co
10
Baillie Gifford & Co
United Kingdom
$219M -$3.3M -56,009 -2%
SCM
11
Suvretta Capital Management
New York
$215M -$13M -220,990 -6%
VM
12
Valinor Management
New York
$210M -$23.5M -398,650 -11%
TD Asset Management
13
TD Asset Management
Ontario, Canada
$208M -$8.25M -140,056 -4%
CIBC World Market
14
CIBC World Market
Ontario, Canada
$193M -$7.04M -119,551 -4%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$160M -$35.2M -598,121 -19%
T. Rowe Price Associates
16
T. Rowe Price Associates
Maryland
$146M +$138M +2,341,465 New
QI
17
QV Investors
Alberta, Canada
$136M +$99.1M +1,681,923 New
Manulife (Manufacturers Life Insurance)
18
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$136M -$31.4M -533,106 -20%
Tiger Global Management
19
Tiger Global Management
New York
$116M -$34.2M -580,832 -24%
JP Morgan Chase
20
JP Morgan Chase
New York
$115M +$6.45M +109,525 +6%
Toronto Dominion Bank
21
Toronto Dominion Bank
Ontario, Canada
$112M -$46.3M -785,958 -31%
TCCM
22
Two Creeks Capital Management
New York
$103M +$97M +1,646,304 New
Bessemer Group
23
Bessemer Group
New Jersey
$99.4M +$1.28M +21,755 +1%
AG
24
Aravt Global
New York
$99.1M
Canada Life
25
Canada Life
Manitoba, Canada
$96.9M -$3.37M -57,223 -4%

QSR Hedge Fund Activity: Q2 2017 in Review

282 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q2 2017, worth a combined $11.6B — up 15% from $10B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new QSR positions and 28 closed out — a net gain of 17 holders — while 83 added to existing stakes and 98 trimmed.

The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $138M. The largest seller was 1832 Asset Management, cutting an estimated $108M.

  • 282 institutional investors held Restaurant Brands International (QSR) as of Q2 2017, up from 265 in Q1 2017.
  • Funds reported $11.6B of Restaurant Brands International stock for Q2 2017, up 15% quarter-over-quarter.
  • 45 funds opened new Restaurant Brands International positions in Q2 2017 and 28 closed out, a net change of +17 holders.
  • The largest Restaurant Brands International buyer in Q2 2017 was T. Rowe Price Associates, an estimated $138M added.
  • The largest Restaurant Brands International seller in Q2 2017 was 1832 Asset Management, an estimated $108M sold.

Based on aggregated 13F filings for Q2 2017.