Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in QSR held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Capital World Investors | 43.9M | $3.18B | +2.3% | 12.642% | 0.38% |
| 2 | PERSHING SQUARE INC. | 25.8M | $1.87B | — | 7.442% | 9.62% |
| 3 | ROYAL BANK OF CANADA | 20.3M | $1.47B | +10.3% | 5.847% | 0.22% |
| 4 | EdgePoint Investment Group Inc. | 17.2M | $1.24B | -11.3% | 4.949% | 9.40% |
| 5 | BlackRock, Inc. | 15.2M | $1.10B | +90.6% | 4.389% | 0.02% |
| 6 | BANK OF MONTREAL /CAN/ | 11.4M | $828.9M | +26.7% | 3.297% | 0.27% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 10.5M | $760.8M | +1.7% | 3.023% | 0.02% |
| 8 | FMR LLC | 8.4M | $610.5M | +1.9% | 2.426% | 0.03% |
| 9 | GOLDMAN SACHS GROUP INC | 7.6M | $548.2M | +6.3% | 2.179% | 0.05% |
| 10 | Fiera Capital Corp | 6.2M | $446.7M | -7.8% | 1.778% | 1.62% |
| 11 | CIBC WORLD MARKET INC. | 6.1M | $442.8M | -9.7% | 1.760% | 0.71% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 5.9M | $436.1M | +5.5% | 1.688% | 0.02% |
| 13 | MORGAN STANLEY | 4.8M | $351.3M | -33.8% | 1.396% | 0.02% |
| 14 | BANK OF AMERICA CORP /DE/ | 4.8M | $345.9M | -3.3% | 1.375% | 0.02% |
| 15 | CANADA PENSION PLAN INVESTMENT BOARD | 4.2M | $306.1M | +43.7% | 1.218% | 0.17% |
| 16 | TD ASSET MANAGEMENT INC | 4.2M | $301.6M | -26.2% | 1.199% | 0.26% |
| 17 | PLATINUM PARAMOUNT INVESTMENT LTD. | 4.1M | $298.7M | 0.0% | 1.187% | 42.44% |
| 18 | NORGES BANK | 3.8M | $277.0M | — | 1.101% | 0.03% |
| 19 | NATIONAL BANK OF CANADA /FI/ | 3.6M | $262.5M | +2.7% | 1.052% | 0.19% |
| 20 | Invesco Ltd. | 3.4M | $246.9M | -3.9% | 0.981% | 0.02% |
| 21 | STATE STREET CORP | 3.4M | $246.5M | -4.2% | 0.971% | 0.00% |
| 22 | CITADEL ADVISORS LLC | 3.4M | $245.1M | +46.2% | 0.974% | 0.01% |
| 23 | NOMURA HOLDINGS INC | 3.4M | $244.6M | — | 0.972% | 0.29% |
| 24 | Canoe Financial LP | 3.4M | $243.1M | +0.2% | 0.967% | 3.01% |
| 25 | 1832 Asset Management L.P. | 3.2M | $232.5M | -10.6% | 0.924% | 0.12% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in QSR — a direct measure of their conviction.
Filings activity in QSR during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new QSR position in Q2 2026
Institutions that fully closed their QSR position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 588 | +7.3% | 93.81% | +5.59 pp | $22.65B | +6.3% |
| Q1 2026 | 548 | +10% | 88.22% | +3.50 pp | $21.31B | +14% |
| Q4 2025 | 498 | +9.0% | 84.72% | 4.89 pp | $18.70B | +5.9% |
| Q3 2025 | 457 | +2.0% | 89.61% | +1.46 pp | $17.65B | 2.9% |
| Q2 2025 | 448 | +1.8% | 88.15% | +4.98 pp | $18.17B | +5.3% |
| Q1 2025 | 440 | +2.3% | 83.17% | +1.28 pp | $17.25B | +5.4% |
| Q4 2024 | 430 | 2.7% | 81.89% | 0.21 pp | $16.38B | 10% |
| Q3 2024 | 442 | — | 82.10% | — | $18.24B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying QSR stock.
Based on Q2 2026 13F filings, institutional ownership of Restaurant Brands International Inc. stands at 93.8%, held across 588 reporting institutions.
Capital World Investors is the largest reported institutional holder of QSR, with approximately 43,862,952 shares worth $3.18B as of Q2 2026.
Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of QSR, including PERSHING SQUARE INC., CITADEL ADVISORS LLC.
Our composite Smart Money Score for QSR is 73 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
85 institutions opened new positions in QSR during Q2 2026, while 50 fully exited. 199 added to existing positions and 285 trimmed.
QSR institutional ownership rose by 5.59 percentage points quarter-over-quarter, with a net change of +40 holders.
The top 10 institutions account for 53.3% of all reported 13F value in QSR, and the top 25 account for 73.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Restaurant Brands International Inc. (QSR) Institutional Ownership