Restaurant Brands International
504 hedge funds and large institutions have $20.1B invested in Restaurant Brands International in 2025 Q4 according to their latest regulatory filings, with 93 funds opening new positions, 198 increasing their positions, 137 reducing their positions, and 44 closing their positions.
111% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 44
60% more call options, than puts
Call options by funds: $106M | Put options by funds: $66.2M
45% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 137
9% more funds holding
Funds holding: 464 → 504 (+40)
8% more capital invested
Capital invested by funds: $18.6B → $20.1B (+$1.43B)
1.03% more ownership
Funds ownership: 88.51% → 89.54% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$213M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$213M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$142M |
| 4 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$130M |
| 5 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
+$120M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$531M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$312M |
| 3 |
MSE
MUFG Securities EMEA
London,
United Kingdom
|
-$65.3M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$60M |
| 5 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$57.8M |
QSR Hedge Fund Activity: Q4 2025 in Review
504 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Restaurant Brands International (QSR) for Q4 2025, worth a combined $20.1B — up 7.6% from $18.6B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new QSR positions and 44 closed out — a net gain of 49 holders — while 198 added to existing stakes and 137 trimmed.
The largest buyer was Bank of Montreal, adding an estimated $213M. The largest seller was Goldman Sachs, cutting an estimated $531M.
- 504 institutional investors held Restaurant Brands International (QSR) as of Q4 2025, up from 464 in Q3 2025.
- Funds reported $20.1B of Restaurant Brands International stock for Q4 2025, up 7.6% quarter-over-quarter.
- 93 funds opened new Restaurant Brands International positions in Q4 2025 and 44 closed out, a net change of +49 holders.
- The largest Restaurant Brands International buyer in Q4 2025 was Bank of Montreal, an estimated $213M added.
- The largest Restaurant Brands International seller in Q4 2025 was Goldman Sachs, an estimated $531M sold.
Based on aggregated 13F filings for Q4 2025.