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Restaurant Brands International

463 hedge funds and large institutions have $20.5B invested in Restaurant Brands International in 2023 Q4 according to their latest regulatory filings, with 69 funds opening new positions, 155 increasing their positions, 156 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 40

17% more capital invested

Capital invested by funds: $17.5B → $20.5B (+$3.03B)

15% more funds holding in top 10

Funds holding in top 10: 1315 (+2)

11% more call options, than puts

Call options by funds: $158M | Put options by funds: $142M

6% more funds holding

Funds holding: 437463 (+26)

1.96% more ownership

Funds ownership: 81.82%83.78% (+2%)

1% less repeat investments, than reductions

Existing positions increased: 155 | Existing positions reduced: 156

Holders
463
Holders Change
+26
Holders Change %
+5.95%
% of All Funds
6.75%
Holding in Top 10
15
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+15.38%
% of All Funds
0.22%
New
69
Increased
155
Reduced
156
Closed
40
Calls
$158M
Puts
$142M
Net Calls
+$15.9M
Net Calls Change
-$26.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$3.3B +$15.8M +227,630 +0.5%
Capital Research Global Investors
2
Capital Research Global Investors
California
$1.88B +$276M +3,971,774 +20%
PSCM
3
Pershing Square Capital Management
New York
$1.82B
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$1.6B -$46.4M -667,517 -3%
EIG
5
EdgePoint Investment Group
Ontario, Canada
$943M -$107M -1,540,692 -11%
Vanguard Group
6
Vanguard Group
Pennsylvania
$938M +$15.6M +224,111 +2%
Fidelity International
7
Fidelity International
Bermuda
$602M -$83.1M -1,194,886 -13%
JFL
8
Jarislowsky, Fraser Ltd
Quebec, Canada
$553M -$16.8M -240,887 -3%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$519M +$90.2M +1,297,399 +24%
BGC
10
Beutel, Goodman & Co
Ontario, Canada
$479M -$29M -417,428 -6%
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$365M +$49.9M +717,346 +18%
Fidelity Investments
12
Fidelity Investments
Massachusetts
$336M +$26.5M +380,369 +10%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$331M +$24.9M +357,394 +9%
CIBC Asset Management
14
CIBC Asset Management
Ontario, Canada
$270M -$62.6M -900,567 -21%
TD Asset Management
15
TD Asset Management
Ontario, Canada
$270M +$44.4M +638,501 +23%
Fiera Capital (Canada)
16
Fiera Capital (Canada)
Quebec, Canada
$244M +$9.76M +140,362 +5%
Norges Bank
17
Norges Bank
Norway
$244M +$7.52M +108,094 +4%
Manulife (Manufacturers Life Insurance)
18
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$229M +$20.9M +301,154 +11%
Bank of Nova Scotia
19
Bank of Nova Scotia
Ontario, Canada
$220M -$29.4M -423,015 -13%
AllianceBernstein
20
AllianceBernstein
Tennessee
$208M -$11.7M -168,385 -6%
CIBC World Market
21
CIBC World Market
Ontario, Canada
$201M -$6.59M -94,722 -4%
DCM
22
Dorsal Capital Management
California
$195M -$6.96M -100,000 -4%
National Bank of Canada
23
National Bank of Canada
Quebec, Canada
$173M +$49.9M +717,801 +47%
CF
24
Canoe Financial
Alberta, Canada
$149M -$3.89M -55,858 -3%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$144M -$4.88M -70,116 -4%

QSR Hedge Fund Activity: Q4 2023 in Review

463 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2023, worth a combined $20.5B — up 17% from $17.5B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new QSR positions and 40 closed out — a net gain of 29 holders — while 155 added to existing stakes and 156 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $276M. The largest seller was EdgePoint Investment Group, cutting an estimated $107M.

  • 463 institutional investors held Restaurant Brands International (QSR) as of Q4 2023, up from 437 in Q3 2023.
  • Funds reported $20.5B of Restaurant Brands International stock for Q4 2023, up 17% quarter-over-quarter.
  • 69 funds opened new Restaurant Brands International positions in Q4 2023 and 40 closed out, a net change of +29 holders.
  • The largest Restaurant Brands International buyer in Q4 2023 was Capital Research Global Investors, an estimated $276M added.
  • The largest Restaurant Brands International seller in Q4 2023 was EdgePoint Investment Group, an estimated $107M sold.

Based on aggregated 13F filings for Q4 2023.