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Restaurant Brands International

462 hedge funds and large institutions have $19.7B invested in Restaurant Brands International in 2024 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 150 increasing their positions, 163 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more call options, than puts

Call options by funds: $326M | Put options by funds: $103M

53% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 45

4% more funds holding

Funds holding: 443462 (+19)

1.05% more ownership

Funds ownership: 85.19%86.24% (+1%)

4% more capital invested

Capital invested by funds: $19B → $19.7B (+$717M)

8% less repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 163

14% less funds holding in top 10

Funds holding in top 10: 1412 (-2)

Holders
462
Holders Change
+19
Holders Change %
+4.29%
% of All Funds
6.63%
Holding in Top 10
12
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-14.29%
% of All Funds
0.17%
New
69
Increased
150
Reduced
163
Closed
45
Calls
$326M
Puts
$103M
Net Calls
+$223M
Net Calls Change
+$187M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$3.07B +$3.55M +50,508 +0.1%
PSCM
2
Pershing Square Capital Management
New York
$1.66B -$9.95M -141,628 -0.6%
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$1.51B +$55M +783,133 +4%
Capital Research Global Investors
4
Capital Research Global Investors
California
$1.46B +$41.4M +588,813 +3%
Vanguard Group
5
Vanguard Group
Pennsylvania
$920M +$16.7M +236,984 +2%
EIG
6
EdgePoint Investment Group
Ontario, Canada
$730M -$98.1M -1,396,135 -12%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$616M +$35.9M +511,270 +6%
Goldman Sachs
8
Goldman Sachs
New York
$601M +$342M +4,871,845 +140%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$558M -$82.9M -1,179,885 -13%
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$494M +$78.3M +1,114,579 +19%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$475M -$7.36M -104,690 -2%
BGC
12
Beutel, Goodman & Co
Ontario, Canada
$444M +$58M +825,017 +16%
JP Morgan Chase
13
JP Morgan Chase
New York
$401M +$286M +4,064,235 +273%
Mackenzie Financial
14
Mackenzie Financial
Ontario, Canada
$335M -$63.2M -898,527 -16%
Norges Bank
15
Norges Bank
Norway
$289M +$49.9M +710,340 +22%
Manulife (Manufacturers Life Insurance)
16
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$278M -$20.6M -292,414 -7%
Fiera Capital (Canada)
17
Fiera Capital (Canada)
Quebec, Canada
$271M +$16M +227,203 +6%
TD Asset Management
18
TD Asset Management
Ontario, Canada
$258M -$83.7M -1,190,750 -25%
National Bank of Canada
19
National Bank of Canada
Quebec, Canada
$230M +$91M +1,294,185 +69%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$215M +$8.34M +118,721 +4%
CIBC World Market
21
CIBC World Market
Ontario, Canada
$213M -$8.43M -119,878 -4%
N
22
Nuveen
North Carolina
$207M -$17.3M -245,488 -8%
Fidelity International
23
Fidelity International
Bermuda
$206M -$242M -3,440,613 -55%
Canada Pension Plan Investment Board
24
Canada Pension Plan Investment Board
Ontario, Canada
$166M -$83.5M -1,187,800 -34%
Connor, Clark & Lunn Investment Management (CC&L)
25
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$159M +$21.6M +307,791 +16%

QSR Hedge Fund Activity: Q3 2024 in Review

462 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q3 2024, worth a combined $19.7B — up 3.8% from $19B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new QSR positions and 45 closed out — a net gain of 24 holders — while 150 added to existing stakes and 163 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $342M. The largest seller was Fidelity International, cutting an estimated $242M.

  • 462 institutional investors held Restaurant Brands International (QSR) as of Q3 2024, up from 443 in Q2 2024.
  • Funds reported $19.7B of Restaurant Brands International stock for Q3 2024, up 3.8% quarter-over-quarter.
  • 69 funds opened new Restaurant Brands International positions in Q3 2024 and 45 closed out, a net change of +24 holders.
  • The largest Restaurant Brands International buyer in Q3 2024 was Goldman Sachs, an estimated $342M added.
  • The largest Restaurant Brands International seller in Q3 2024 was Fidelity International, an estimated $242M sold.

Based on aggregated 13F filings for Q3 2024.