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Restaurant Brands International

432 hedge funds and large institutions have $18B invested in Restaurant Brands International in 2023 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 166 increasing their positions, 139 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more call options, than puts

Call options by funds: $181M | Put options by funds: $109M

26% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 47

19% more repeat investments, than reductions

Existing positions increased: 166 | Existing positions reduced: 139

11% more capital invested

Capital invested by funds: $16.2B → $18B (+$1.76B)

9.33% more ownership

Funds ownership: 82.06%91.39% (+9.3%)

1% more funds holding

Funds holding: 427432 (+5)

6% less funds holding in top 10

Funds holding in top 10: 1615 (-1)

Holders
432
Holders Change
+5
Holders Change %
+1.17%
% of All Funds
6.88%
Holding in Top 10
15
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.25%
% of All Funds
0.24%
New
59
Increased
166
Reduced
139
Closed
47
Calls
$181M
Puts
$109M
Net Calls
+$71.1M
Net Calls Change
+$4.29M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$2.79B +$92M +1,411,530 +4%
PSCM
2
Pershing Square Capital Management
New York
$1.62B
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$1.52B +$84.8M +1,300,443 +6%
Capital Research Global Investors
4
Capital Research Global Investors
California
$1.25B +$540M +8,278,487 +81%
EIG
5
EdgePoint Investment Group
Ontario, Canada
$939M +$59.2M +908,465 +7%
Vanguard Group
6
Vanguard Group
Pennsylvania
$749M +$5.75M +88,150 +0.8%
BGC
7
Beutel, Goodman & Co
Ontario, Canada
$542M -$31.7M -486,621 -6%
JFL
8
Jarislowsky, Fraser Ltd
Quebec, Canada
$519M -$12.1M -185,321 -2%
Fidelity International
9
Fidelity International
Bermuda
$389M +$99.4M +1,524,652 +36%
Mackenzie Financial
10
Mackenzie Financial
Ontario, Canada
$348M +$12.5M +191,299 +4%
Bank of Montreal
11
Bank of Montreal
Ontario, Canada
$347M -$49.6M -760,969 -13%
Manulife (Manufacturers Life Insurance)
12
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$342M +$8.65M +132,772 +3%
CIBC Asset Management
13
CIBC Asset Management
Ontario, Canada
$278M -$8.63M -132,412 -3%
OIAM
14
OFI Invest Asset Management
France
$269M +$1.18B +18,076,035 New
Canada Pension Plan Investment Board
15
Canada Pension Plan Investment Board
Ontario, Canada
$269M +$87.3M +1,339,630 +50%
Fidelity Investments
16
Fidelity Investments
Massachusetts
$269M +$13.9M +213,138 +6%
Bank of Nova Scotia
17
Bank of Nova Scotia
Ontario, Canada
$247M +$23.4M +358,879 +11%
Connor, Clark & Lunn Investment Management (CC&L)
18
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$206M -$36M -551,780 -15%
CIBC World Market
19
CIBC World Market
Ontario, Canada
$176M -$2.34M -35,973 -1%
TD Asset Management
20
TD Asset Management
Ontario, Canada
$174M +$1.04M +15,967 +0.6%
AllianceBernstein
21
AllianceBernstein
Tennessee
$174M +$41M +628,783 +32%
Fiera Capital (Canada)
22
Fiera Capital (Canada)
Quebec, Canada
$170M +$7.31M +112,101 +5%
1832 Asset Management
23
1832 Asset Management
Ontario, Canada
$170M -$1.22M -18,666 -0.7%
National Bank of Canada
24
National Bank of Canada
Quebec, Canada
$162M +$7.31M +112,212 +5%
CF
25
Canoe Financial
Alberta, Canada
$139M +$135M +2,072,680 New

QSR Hedge Fund Activity: Q1 2023 in Review

432 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q1 2023, worth a combined $18B — up 11% from $16.2B a quarter earlier.

Buyers outnumbered sellers: 59 funds opened new QSR positions and 47 closed out — a net gain of 12 holders — while 166 added to existing stakes and 139 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $540M. The largest seller was Citadel Advisors, exiting entirely with an estimated $93.3M sold.

  • 432 institutional investors held Restaurant Brands International (QSR) as of Q1 2023, up from 427 in Q4 2022.
  • Funds reported $18B of Restaurant Brands International stock for Q1 2023, up 11% quarter-over-quarter.
  • 59 funds opened new Restaurant Brands International positions in Q1 2023 and 47 closed out, a net change of +12 holders.
  • The largest Restaurant Brands International buyer in Q1 2023 was Capital Research Global Investors, an estimated $540M added.
  • The largest Restaurant Brands International seller in Q1 2023 was Citadel Advisors, an estimated $93.3M sold.

Based on aggregated 13F filings for Q1 2023.