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Restaurant Brands International

431 hedge funds and large institutions have $20.2B invested in Restaurant Brands International in 2023 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 145 increasing their positions, 151 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more call options, than puts

Call options by funds: $198M | Put options by funds: $163M

20% more funds holding in top 10

Funds holding in top 10: 1518 (+3)

12% more capital invested

Capital invested by funds: $18B → $20.2B (+$2.16B)

4% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 52

0% less funds holding

Funds holding: 432431 (-1)

4% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 151

8.02% less ownership

Funds ownership: 91.39%83.37% (-8%)

Holders
431
Holders Change
-1
Holders Change %
-0.23%
% of All Funds
6.77%
Holding in Top 10
18
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+20%
% of All Funds
0.28%
New
54
Increased
145
Reduced
151
Closed
52
Calls
$198M
Puts
$163M
Net Calls
+$34.5M
Net Calls Change
-$36.6M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$3.24B +$16.2M +223,757 +0.5%
PSCM
2
Pershing Square Capital Management
New York
$1.81B -$61.1M -846,031 -3%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$1.73B -$23.9M -330,398 -1%
Capital Research Global Investors
4
Capital Research Global Investors
California
$1.54B +$97.5M +1,350,491 +7%
EIG
5
EdgePoint Investment Group
Ontario, Canada
$1.05B -$32.7M -453,329 -3%
Vanguard Group
6
Vanguard Group
Pennsylvania
$897M +$29.9M +414,553 +4%
JFL
7
Jarislowsky, Fraser Ltd
Quebec, Canada
$574M -$25.2M -349,321 -5%
BGC
8
Beutel, Goodman & Co
Ontario, Canada
$564M -$59.4M -822,427 -10%
Fidelity International
9
Fidelity International
Bermuda
$548M +$92M +1,274,234 +22%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$401M -$196K -2,714 -0.1%
Fidelity Investments
11
Fidelity Investments
Massachusetts
$325M +$13.9M +192,674 +5%
CIBC Asset Management
12
CIBC Asset Management
Ontario, Canada
$319M -$1.84M -25,444 -0.6%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$310M -$86.3M -1,195,675 -23%
Manulife (Manufacturers Life Insurance)
14
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$284M -$103M -1,426,413 -28%
Bank of Nova Scotia
15
Bank of Nova Scotia
Ontario, Canada
$249M -$33.9M -469,146 -13%
Connor, Clark & Lunn Investment Management (CC&L)
16
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$220M -$16.4M -226,557 -7%
Norges Bank
17
Norges Bank
Norway
$217M +$87.2M +1,208,379 +76%
Fiera Capital (Canada)
18
Fiera Capital (Canada)
Quebec, Canada
$213M +$15.2M +210,216 +8%
CIBC World Market
19
CIBC World Market
Ontario, Canada
$212M +$7.29M +100,959 +4%
TD Asset Management
20
TD Asset Management
Ontario, Canada
$208M +$6.3M +87,300 +3%
AllianceBernstein
21
AllianceBernstein
Tennessee
$200M -$28.8K -399 -0%
1832 Asset Management
22
1832 Asset Management
Ontario, Canada
$193M -$2.65M -36,687 -1%
National Bank of Canada
23
National Bank of Canada
Quebec, Canada
$181M -$5.66M -78,421 -3%
Holocene Advisors
24
Holocene Advisors
New York
$178M +$157M +2,179,856 +1,905%
CF
25
Canoe Financial
Alberta, Canada
$154M -$6.52M -90,356 -4%

QSR Hedge Fund Activity: Q2 2023 in Review

431 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q2 2023, worth a combined $20.2B — up 12% from $18B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new QSR positions and 52 closed out — a net gain of 2 holders — while 145 added to existing stakes and 151 trimmed.

The largest buyer was Holocene Advisors, adding an estimated $157M. The largest seller was OFI Invest Asset Management, cutting an estimated $1.29B.

  • 431 institutional investors held Restaurant Brands International (QSR) as of Q2 2023, down from 432 in Q1 2023.
  • Funds reported $20.2B of Restaurant Brands International stock for Q2 2023, up 12% quarter-over-quarter.
  • 54 funds opened new Restaurant Brands International positions in Q2 2023 and 52 closed out, a net change of +2 holders.
  • The largest Restaurant Brands International buyer in Q2 2023 was Holocene Advisors, an estimated $157M added.
  • The largest Restaurant Brands International seller in Q2 2023 was OFI Invest Asset Management, an estimated $1.29B sold.

Based on aggregated 13F filings for Q2 2023.