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Restaurant Brands International

448 hedge funds and large institutions have $17.2B invested in Restaurant Brands International in 2024 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 156 increasing their positions, 160 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

203% more call options, than puts

Call options by funds: $306M | Put options by funds: $101M

3% less repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 160

3% less funds holding

Funds holding: 462448 (-14)

4.75% less ownership

Funds ownership: 86.24%81.48% (-4.8%)

13% less capital invested

Capital invested by funds: $19.7B → $17.2B (-$2.52B)

15% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 55

25% less funds holding in top 10

Funds holding in top 10: 129 (-3)

Holders
448
Holders Change
-14
Holders Change %
-3.03%
% of All Funds
5.9%
Holding in Top 10
9
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-25%
% of All Funds
0.12%
New
47
Increased
156
Reduced
160
Closed
55
Calls
$306M
Puts
$101M
Net Calls
+$205M
Net Calls Change
-$17.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital World Investors
1
Capital World Investors
California
$2.83B +$58.4M +841,167 +2%
PSCM
2
Pershing Square Capital Management
New York
$1.5B
Royal Bank of Canada
3
Royal Bank of Canada
Ontario, Canada
$1.26B -$110M -1,582,950 -8%
Vanguard Group
4
Vanguard Group
Pennsylvania
$858M +$29.3M +421,873 +3%
EIG
5
EdgePoint Investment Group
Ontario, Canada
$834M +$187M +2,695,071 +27%
Capital Research Global Investors
6
Capital Research Global Investors
California
$734M -$620M -8,941,977 -44%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$651M +$94.9M +1,367,633 +16%
Goldman Sachs
8
Goldman Sachs
New York
$525M -$19.3M -278,489 -3%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$466M -$40.9M -589,350 -8%
1832 Asset Management
10
1832 Asset Management
Ontario, Canada
$435M -$12.2M -176,586 -3%
JFL
11
Jarislowsky, Fraser Ltd
Quebec, Canada
$411M -$16.5M -238,122 -4%
BGC
12
Beutel, Goodman & Co
Ontario, Canada
$367M -$35.1M -505,847 -8%
Mackenzie Financial
13
Mackenzie Financial
Ontario, Canada
$273M -$31.2M -450,183 -10%
Norges Bank
14
Norges Bank
Norway
$265M +$4.62M +66,574 +2%
JP Morgan Chase
15
JP Morgan Chase
New York
$264M -$105M -1,509,722 -27%
National Bank of Canada
16
National Bank of Canada
Quebec, Canada
$243M +$37.3M +538,131 +17%
Fiera Capital (Canada)
17
Fiera Capital (Canada)
Quebec, Canada
$241M -$3.4M -48,973 -1%
TD Asset Management
18
TD Asset Management
Ontario, Canada
$233M -$1.81M -26,092 -0.7%
MG
19
Meritage Group
California
$215M +$225M +3,245,689 +5,796%
CIBC Asset Management
20
CIBC Asset Management
Ontario, Canada
$195M +$119K +1,717 +0.1%
Canada Pension Plan Investment Board
21
Canada Pension Plan Investment Board
Ontario, Canada
$194M +$47.1M +679,000 +29%
BG
22
Baupost Group
Massachusetts
$189M +$199M +2,873,406 +10,156%
CIBC World Market
23
CIBC World Market
Ontario, Canada
$184M -$9.35M -134,796 -5%
Manulife (Manufacturers Life Insurance)
24
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$169M -$87.6M -1,263,108 -33%
CF
25
Canoe Financial
Alberta, Canada
$131M -$851K -12,267 -0.6%

QSR Hedge Fund Activity: Q4 2024 in Review

448 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2024, worth a combined $17.2B — down 13% from $19.7B a quarter earlier.

Sellers outnumbered buyers: 55 funds closed out of QSR and 47 opened new positions — a net loss of 8 holders — while 160 trimmed existing stakes and 156 added.

The largest buyer was Meritage Group, adding an estimated $225M. The largest seller was Capital Research Global Investors, cutting an estimated $620M.

  • 448 institutional investors held Restaurant Brands International (QSR) as of Q4 2024, down from 462 in Q3 2024.
  • Funds reported $17.2B of Restaurant Brands International stock for Q4 2024, down 13% quarter-over-quarter.
  • 47 funds opened new Restaurant Brands International positions in Q4 2024 and 55 closed out, a net change of -8 holders.
  • The largest Restaurant Brands International buyer in Q4 2024 was Meritage Group, an estimated $225M added.
  • The largest Restaurant Brands International seller in Q4 2024 was Capital Research Global Investors, an estimated $620M sold.

Based on aggregated 13F filings for Q4 2024.