Ranked by reported Q1 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 | 42.9M | $3.17B | -1.5% | 12.369% | 0.43% |
| 2 | Pershing Square Capital Management, L.P. | 22.6M | $1.67B | -1.0% | 6.535% | 12.20% |
| 3 | EdgePoint Investment Group Inc. | 19.3M | $1.43B | +16.2% | 5.584% | 11.48% |
| 4 | ROYAL BANK OF CANADA | 18.4M | $1.36B | -0.9% | 5.306% | 0.24% |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 10.3M | $763.0M | β | 2.976% | 0.02% |
| 6 | BANK OF MONTREAL /CAN/ | 9.0M | $668.3M | -40.7% | 2.606% | 0.25% |
| 7 | FMR LLC | 8.3M | $611.0M | +4.0% | 2.383% | 0.03% |
| 8 | BlackRock, Inc. | 8.0M | $590.4M | +6.2% | 2.306% | 0.01% |
| 9 | MORGAN STANLEY | 7.3M | $541.1M | -13.1% | 2.113% | 0.03% |
| 10 | GOLDMAN SACHS GROUP INC | 7.1M | $525.7M | +181.9% | 2.053% | 0.06% |
| 11 | CIBC World Markets Inc. | 6.8M | $499.6M | +83.2% | 1.951% | 0.82% |
| 12 | Fiera Capital Corp | 6.7M | $494.4M | -2.1% | 1.931% | 1.69% |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 5.5M | $420.1M | +6.4% | 1.601% | 0.03% |
| 14 | TD ASSET MANAGEMENT INC | 5.6M | $415.9M | +1.7% | 1.627% | 0.34% |
| 15 | BANK OF AMERICA CORP /DE/ | 4.9M | $364.5M | +143.9% | 1.424% | 0.03% |
| 16 | PLATINUM PARAMOUNT INVESTMENT LTD. | 4.1M | $304.4M | β | 1.189% | 44.16% |
| 17 | DAVIS SELECTED ADVISERS | 3.6M | $266.0M | -10.5% | 1.039% | 1.22% |
| 18 | 1832 Asset Management L.P. | 3.6M | $265.0M | -6.1% | 1.035% | 0.35% |
| 19 | Invesco Ltd. | 3.5M | $261.8M | +2.1% | 1.022% | 0.04% |
| 20 | STATE STREET CORP | 3.5M | $261.8M | +11.4% | 1.014% | 0.01% |
| 21 | NATIONAL BANK OF CANADA /FI/ | 3.6M | $259.8M | -7.3% | 1.025% | 0.27% |
| 22 | FIL Ltd | 3.5M | $259.3M | -20.9% | 1.011% | 0.20% |
| 23 | Canoe Financial LP | 3.3M | $247.7M | +34.5% | 0.966% | 3.38% |
| 24 | VANGUARD FIDUCIARY TRUST CO | 3.1M | $227.1M | β | 0.886% | 0.06% |
| 25 | CANADA PENSION PLAN INVESTMENT BOARD | 2.9M | $217.6M | +6.9% | 0.849% | 0.14% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in QSR β a direct measure of their conviction.
Filings activity in QSR during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new QSR position in Q1 2026
Institutions that fully closed their QSR position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 531 | +8.8% | 81.16% | +9.56 pp | $21.05B | +13% |
| Q4 2025 | 488 | +8.9% | 71.60% | +3.80 pp | $18.57B | +5.6% |
| Q3 2025 | 448 | +0.0% | 67.80% | 2.27 pp | $17.59B | 3.2% |
| Q2 2025 | 448 | +1.8% | 70.07% | +3.55 pp | $18.17B | +5.3% |
| Q1 2025 | 440 | +2.3% | 66.52% | +3.38 pp | $17.25B | +5.4% |
| Q4 2024 | 430 | 2.7% | 63.14% | 7.20 pp | $16.38B | 10% |
| Q3 2024 | 442 | +1.6% | 70.34% | 91.37 pp | $18.24B | 56% |
| Q2 2024 | 435 | β | 161.71% | β | $41.94B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying QSR stock.
Based on Q1 2026 13F filings, institutional ownership of Restaurant Brands International Inc. stands at 81.2%, held across 531 reporting institutions.
Capital World Investors is the largest reported institutional holder of QSR, with approximately 42,858,035 shares worth $3.17B as of Q1 2026.
Yes β 1 widely-followed marquee investor appear among the top 25 institutional holders of QSR, including Pershing Square Capital Management, L.P..
Our composite Smart Money Score for QSR is 67 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
106 institutions opened new positions in QSR during Q1 2026, while 63 fully exited. 350 added to existing positions and 71 trimmed.
QSR institutional ownership rose by 9.56 percentage points quarter-over-quarter, with a net change of +43 holders.
The top 10 institutions account for 53.8% of all reported 13F value in QSR, and the top 25 account for 76.5%.
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.