Restaurant Brands International
454 hedge funds and large institutions have $18.9B invested in Restaurant Brands International in 2025 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 168 increasing their positions, 147 reducing their positions, and 64 closing their positions.
79% more call options, than puts
Call options by funds: $107M | Put options by funds: $59.5M
14% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 147
1.29% more ownership
Funds ownership: 85.69% → 86.98% (+1.3%)
2% more capital invested
Capital invested by funds: $18.6B → $18.9B (+$339M)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
0% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 64
1% less funds holding
Funds holding: 459 → 454 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$460M |
| 2 |
State Street
Boston,
Massachusetts
|
+$198M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$152M |
| 4 |
Morgan Stanley
New York
|
+$142M |
| 5 |
Goldman Sachs
New York
|
+$120M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$281M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$201M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$199M |
| 4 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$188M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$101M |
QSR Hedge Fund Activity: Q2 2025 in Review
454 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q2 2025, worth a combined $18.9B — up 1.8% from $18.6B a quarter earlier.
Fund positioning in QSR was balanced in Q2 2025: 64 funds opened new positions, 64 closed out, 168 added to existing stakes and 147 trimmed.
The largest buyer was BlackRock, adding an estimated $460M. The largest seller was Citadel Advisors, exiting entirely with an estimated $281M sold.
- 454 institutional investors held Restaurant Brands International (QSR) as of Q2 2025, down from 459 in Q1 2025.
- Funds reported $18.9B of Restaurant Brands International stock for Q2 2025, up 1.8% quarter-over-quarter.
- 64 funds opened new Restaurant Brands International positions in Q2 2025 and 64 closed out, a net change of 0 holders.
- The largest Restaurant Brands International buyer in Q2 2025 was BlackRock, an estimated $460M added.
- The largest Restaurant Brands International seller in Q2 2025 was Citadel Advisors, an estimated $281M sold.
Based on aggregated 13F filings for Q2 2025.