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HomeStocksQSRInstitutional Holders

QSR logoRestaurant Brands International Inc. (QSR) Institutional Ownership

Q2 2026 13F Data|Updated 2026-11-07

✨

Institutional ownership increased this quarter (+5.59 pp), though top 10 holders maintain a highly concentrated 53.3% of institutional value.

Institutional Ownership
Can exceed 100% due to securities lending, short interest, and reporting timing differences.
93.8%$22.7B total value · ▲ +5.59 pp vs prior quarter
Smart Money Score
Based on ownership concentration, fund quality, buying/selling activity, ownership indicators, and institutional trend.
73 / 100Bullish
Institutions & Flow588 holders+35 net flow (+85 / -50)

AI Insights & Key Takeaways

  • Positive Institutional Flow (+35)
  • Pershing Square Inc. and Citadel Advisors Llc maintain significant positions
  • Top 10 holders control 53.3% of institutional value
  • No Insider Signal

Top Institutional Holders of QSR

Ranked by reported Q2 2026 13F market value

Top 10 Holders
53.3%
Top 25 Holders
73.0%

Share of total reported institutional value in QSR held by the largest 10 / 25 filers.

#InstitutionShares HeldMarket ValueQoQ ChangeOwnership %% of Fund
1Capital World Investors43.9M$3.18B+2.3%12.642%0.38%
2PERSHING SQUARE INC.25.8M$1.87B—7.442%9.62%
3

Quarterly Institutional Activity

Filings activity in QSR during Q2 2026, grouped by how each filer changed its position.

OverviewNew Buyers85Added To199Trimmed285Exited50
  • EdgePoint Investment Group Inc.$1.24B
  • VANGUARD CAPITAL MANAGEMENT LLC$760.8M

QSR Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

QuarterInst. HoldersΔ HoldersOwnership %Δ OwnershipTotal 13F ValueΔ Value
Q2 2026588+7.3%93.81%+5.59 pp$22.65B+6.3%
Q1 2026548+10%88.22%+3.50 pp$21.31B+14%
Q4 2025498+9.0%84.72%4.89 pp$18.70B+5.9%
Q3 2025457+2.0%89.61%+1.46 pp$17.65B2.9%
Q2 2025448+1.8%88.15%+4.98 pp$18.17B+5.3%
Q1 2025440

QSR — Frequently Asked Questions

Quick answers to the most common questions about buying QSR stock.

What percentage of QSR is owned by institutions?

Based on Q2 2026 13F filings, institutional ownership of Restaurant Brands International Inc. stands at 93.8%, held across 588 reporting institutions.

Who is the largest institutional holder of QSR?

Capital World Investors is the largest reported institutional holder of QSR, with approximately 43,862,952 shares worth $3.18B as of Q2 2026.

Is QSR a hedge fund favorite?

Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of QSR, including PERSHING SQUARE INC., CITADEL ADVISORS LLC.

What is QSR's Smart Money Score?

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.

How many institutions bought QSR this quarter?
ROYAL BANK OF CANADA
20.3M
$1.47B
+10.3%
5.847%
0.22%
4EdgePoint Investment Group Inc.17.2M$1.24B-11.3%4.949%9.40%
5BlackRock, Inc.15.2M$1.10B+90.6%4.389%0.02%
6BANK OF MONTREAL /CAN/11.4M$828.9M+26.7%3.297%0.27%
7VANGUARD CAPITAL MANAGEMENT LLC10.5M$760.8M+1.7%3.023%0.02%
8FMR LLC8.4M$610.5M+1.9%2.426%0.03%
9GOLDMAN SACHS GROUP INC7.6M$548.2M+6.3%2.179%0.05%
10Fiera Capital Corp6.2M$446.7M-7.8%1.778%1.62%
11CIBC WORLD MARKET INC.6.1M$442.8M-9.7%1.760%0.71%
12GEODE CAPITAL MANAGEMENT, LLC5.9M$436.1M+5.5%1.688%0.02%
13MORGAN STANLEY4.8M$351.3M-33.8%1.396%0.02%
14BANK OF AMERICA CORP /DE/4.8M$345.9M-3.3%1.375%0.02%
15CANADA PENSION PLAN INVESTMENT BOARD4.2M$306.1M+43.7%1.218%0.17%
16TD ASSET MANAGEMENT INC4.2M$301.6M-26.2%1.199%0.26%
17PLATINUM PARAMOUNT INVESTMENT LTD.4.1M$298.7M0.0%1.187%42.44%
18NORGES BANK3.8M$277.0M—1.101%0.03%
19NATIONAL BANK OF CANADA /FI/3.6M$262.5M+2.7%1.052%0.19%
20Invesco Ltd.3.4M$246.9M-3.9%0.981%0.02%
21STATE STREET CORP3.4M$246.5M-4.2%0.971%0.00%
22CITADEL ADVISORS LLC3.4M$245.1M+46.2%0.974%0.01%
23NOMURA HOLDINGS INC3.4M$244.6M—0.972%0.29%
24Canoe Financial LP3.4M$243.1M+0.2%0.967%3.01%
251832 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.

FMR LLC
$610.5M
  • Fiera Capital Corp$446.7M
  • CIBC WORLD MARKET INC.$442.8M
  • MORGAN STANLEY$351.3M
  • BANK OF AMERICA CORP /DE/$345.9M
  • TD ASSET MANAGEMENT INC$301.6M
  • PLATINUM PARAMOUNT INVESTMENT LTD.$298.7M
  • Invesco Ltd.$246.9M
  • STATE STREET CORP$246.5M
  • Canoe Financial LP$243.1M
  • +2.3%
    83.17%
    +1.28 pp
    $17.25B
    +5.4%
    Q4 20244302.7%81.89%0.21 pp$16.38B10%
    Q3 2024442—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.

    85 institutions opened new positions in QSR during Q2 2026, while 50 fully exited. 199 added to existing positions and 285 trimmed.

    How is institutional ownership of QSR changing?

    QSR institutional ownership rose by 5.59 percentage points quarter-over-quarter, with a net change of +40 holders.

    How concentrated is QSR ownership among the top holders?

    The top 10 institutions account for 53.3% of all reported 13F value in QSR, and the top 25 account for 73.0%.

    Where does this QSR institutional ownership data come from?

    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.

    QSRRestaurant Brands International Inc.
    $77.69$27.0B
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