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Restaurant Brands International

462 hedge funds and large institutions have $20.5B invested in Restaurant Brands International in 2024 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 159 increasing their positions, 174 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more call options, than puts

Call options by funds: $159M | Put options by funds: $91.5M

10% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 39

0% more capital invested

Capital invested by funds: $20.5B → $20.5B (+$56.3M)

0% less funds holding

Funds holding: 463462 (-1)

9% less repeat investments, than reductions

Existing positions increased: 159 | Existing positions reduced: 174

1.4% less ownership

Funds ownership: 83.78%82.38% (-1.4%)

13% less funds holding in top 10

Funds holding in top 10: 1513 (-2)

Holders
462
Holders Change
-1
Holders Change %
-0.22%
% of All Funds
6.66%
Holding in Top 10
13
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-13.33%
% of All Funds
0.19%
New
43
Increased
159
Reduced
174
Closed
39
Calls
$159M
Puts
$91.5M
Net Calls
+$67.2M
Net Calls Change
+$51.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$3.39B +$36.4M +466,929 +1%
PSCM
2
Pershing Square Capital Management
New York
$1.86B
Capital Research Global Investors
3
Capital Research Global Investors
California
$1.85B -$52.6M -675,356 -3%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$1.63B +$9.02M +115,687 +0.6%
Vanguard Group
5
Vanguard Group
Pennsylvania
$965M +$11M +141,468 +1%
EIG
6
EdgePoint Investment Group
Ontario, Canada
$873M -$79.6M -1,021,593 -9%
Fidelity International
7
Fidelity International
Bermuda
$606M -$6.24M -80,010 -1%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$557M +$211M +2,712,176 +63%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$545M +$11.3M +145,253 +2%
JFL
10
Jarislowsky, Fraser Ltd
Quebec, Canada
$537M -$22.2M -285,300 -4%
Mackenzie Financial
11
Mackenzie Financial
Ontario, Canada
$399M +$61.4M +788,044 +19%
1832 Asset Management
12
1832 Asset Management
Ontario, Canada
$394M +$22.7M +290,604 +6%
TD Asset Management
13
TD Asset Management
Ontario, Canada
$385M +$110M +1,409,552 +41%
BGC
14
Beutel, Goodman & Co
Ontario, Canada
$320M -$163M -2,086,315 -34%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$316M +$81.6M +1,047,290 +36%
Fiera Capital (Canada)
16
Fiera Capital (Canada)
Quebec, Canada
$263M +$16.4M +210,720 +7%
Norges Bank
17
Norges Bank
Norway
$252M +$4.44M +57,002 +2%
CIBC Asset Management
18
CIBC Asset Management
Ontario, Canada
$249M -$24.5M -314,597 -9%
Canada Pension Plan Investment Board
19
Canada Pension Plan Investment Board
Ontario, Canada
$211M +$87.3M +1,119,582 +73%
CIBC World Market
20
CIBC World Market
Ontario, Canada
$207M +$3.22M +41,269 +2%
AllianceBernstein
21
AllianceBernstein
Tennessee
$190M -$21.3M -273,689 -10%
Bank of Nova Scotia
22
Bank of Nova Scotia
Ontario, Canada
$186M -$36.5M -468,146 -17%
CF
23
Canoe Financial
Alberta, Canada
$150M -$1.68M -21,596 -1%
N
24
Nuveen
North Carolina
$141M +$64M +821,356 +86%
DCM
25
Dorsal Capital Management
California
$137M -$60.8M -779,950 -31%

QSR Hedge Fund Activity: Q1 2024 in Review

462 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q1 2024, worth a combined $20.5B — up 0.28% from $20.5B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new QSR positions and 39 closed out — a net gain of 4 holders — while 159 added to existing stakes and 174 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $211M. The largest seller was Beutel, Goodman & Co, cutting an estimated $163M.

  • 462 institutional investors held Restaurant Brands International (QSR) as of Q1 2024, down from 463 in Q4 2023.
  • Funds reported $20.5B of Restaurant Brands International stock for Q1 2024, up 0.28% quarter-over-quarter.
  • 43 funds opened new Restaurant Brands International positions in Q1 2024 and 39 closed out, a net change of +4 holders.
  • The largest Restaurant Brands International buyer in Q1 2024 was Fidelity Investments, an estimated $211M added.
  • The largest Restaurant Brands International seller in Q1 2024 was Beutel, Goodman & Co, an estimated $163M sold.

Based on aggregated 13F filings for Q1 2024.