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Restaurant Brands International

308 hedge funds and large institutions have $11.8B invested in Restaurant Brands International in 2017 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 96 increasing their positions, 90 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 36

9% more funds holding

Funds holding: 282308 (+26)

7% more repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 90

0.02% less ownership

Funds ownership: 80.46%80.44% (-0.02%)

3% less call options, than puts

Call options by funds: $57.1M | Put options by funds: $58.8M

3% less capital invested

Capital invested by funds: $12.1B → $11.8B (-$360M)

22% less funds holding in top 10

Funds holding in top 10: 1814 (-4)

Holders
308
Holders Change
+26
Holders Change %
+9.22%
% of All Funds
6.99%
Holding in Top 10
14
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-22.22%
% of All Funds
0.32%
New
65
Increased
96
Reduced
90
Closed
36
Calls
$57.1M
Puts
$58.8M
Net Calls
-$1.61M
Net Calls Change
-$17.7M
Name Holding Trade Value Shares
Change
Change in
Stake
PSCM
1
Pershing Square Capital Management
New York
$1.63B
Fidelity Investments
2
Fidelity Investments
Massachusetts
$847M -$61.2M -953,719 -6%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$804M -$33M -515,080 -4%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$671M +$64.1M +999,819 +10%
Principal Financial Group
5
Principal Financial Group
Iowa
$565M +$41.4M +645,845 +8%
Berkshire Hathaway
6
Berkshire Hathaway
Nebraska
$519M
Franklin Resources
7
Franklin Resources
California
$428M -$2.1M -32,785 -0.5%
Vanguard Group
8
Vanguard Group
Pennsylvania
$325M +$10.6M +165,994 +3%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$317M -$62.2M -970,104 -16%
SCM
10
Suvretta Capital Management
New York
$256M +$18.9M +295,217 +8%
Manulife (Manufacturers Life Insurance)
11
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$236M +$65.3M +1,017,863 +36%
TD Asset Management
12
TD Asset Management
Ontario, Canada
$223M +$4.97M +77,436 +2%
Millennium Management
13
Millennium Management
New York
$214M +$143M +2,234,306 +179%
Baillie Gifford & Co
14
Baillie Gifford & Co
United Kingdom
$210M -$663K -10,340 -0.3%
HP
15
Hound Partners
New York
$180M -$11.3M -176,358 -6%
CIBC World Market
16
CIBC World Market
Ontario, Canada
$171M -$4.28M -66,695 -2%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$166M +$77.5M +1,207,817 +81%
TCCM
18
Two Creeks Capital Management
New York
$132M +$20.6M +320,686 +18%
Balyasny Asset Management
19
Balyasny Asset Management
Illinois
$129M +$79.4M +1,237,717 +144%
Connor, Clark & Lunn Investment Management (CC&L)
20
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$125M +$23.1M +359,925 +22%
Citadel Advisors
21
Citadel Advisors
Florida
$122M -$25.9M -404,588 -17%
Norges Bank
22
Norges Bank
Norway
$119M +$6.17M +96,220 +5%
Tiger Global Management
23
Tiger Global Management
New York
$117M -$38.5M -600,000 -24%
Two Sigma Investments
24
Two Sigma Investments
New York
$109M +$37.8M +589,811 +50%
Canada Life
25
Canada Life
Manitoba, Canada
$107M -$4.31M -67,123 -4%

QSR Hedge Fund Activity: Q4 2017 in Review

308 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2017, worth a combined $11.8B — down 3% from $12.1B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new QSR positions and 36 closed out — a net gain of 29 holders — while 96 added to existing stakes and 90 trimmed.

The largest buyer was Millennium Management, adding an estimated $143M. The largest seller was Valinor Management, exiting entirely with an estimated $210M sold.

  • 308 institutional investors held Restaurant Brands International (QSR) as of Q4 2017, up from 282 in Q3 2017.
  • Funds reported $11.8B of Restaurant Brands International stock for Q4 2017, down 3% quarter-over-quarter.
  • 65 funds opened new Restaurant Brands International positions in Q4 2017 and 36 closed out, a net change of +29 holders.
  • The largest Restaurant Brands International buyer in Q4 2017 was Millennium Management, an estimated $143M added.
  • The largest Restaurant Brands International seller in Q4 2017 was Valinor Management, an estimated $210M sold.

Based on aggregated 13F filings for Q4 2017.