| 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.
| 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.
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.