BAUPOST GROUP LLC/MA: RESTAURANT BRANDS INTERNATIONAL, INC. (QSR): Quarterly 13F Position History
As of Q1 2026, BAUPOST GROUP LLC/MA reported 8,080,112 shares of RESTAURANT BRANDS INTERNATIONAL, INC. (QSR), worth $597.2M and representing 11.7% of its 13F equity book. The position first appeared in Q3 2024 and has been disclosed across 7 13F-HR filings in Pactolio's tracked window.
- 8,080,112Shares Held (Latest Filing)
- $597.2MReported Market Value (Latest Filing)
- 11.7%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- +$45.9MQuarter-over-Quarter Value Change
- 8,252,862Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 7 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 8,080,112 | 0 | — | $597.2M | 11.7% | $73.9 |
| Q4 2025 | 8,080,112 | 172,750 | -2.1% | $551.3M | 10.4% | $68.2 |
| Q3 2025 | 8,252,862 | +4,203,300 | +103.8% | $529.3M | 11.0% | $64.1 |
| Q2 2025 | 4,049,562 | +163,000 | +4.2% | $268.4M | 6.5% | $66.3 |
| Q1 2025 | 3,886,562 | +984,862 | +33.9% | $259.0M | 7.4% | $66.6 |
| Q4 2024 | 2,901,700 | +2,873,406 | +10155.5% | $189.1M | 5.5% | $65.2 |
| Q3 2024 | 28,294 | — | — | $2.0M | 0.1% | $72.1 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did BAUPOST GROUP LLC/MA first disclose a QSR position in 13F-HR filings?
BAUPOST GROUP LLC/MA first reported RESTAURANT BRANDS INTERNATIONAL, INC. (QSR) on its 13F-HR filing for the period ending 2024-09-30 (Q3 2024). The position has appeared on 7 reported quarters within Pactolio's tracked window.
What was BAUPOST GROUP LLC/MA's most recent quarter-over-quarter share-count change in QSR?
BAUPOST GROUP LLC/MA held the same 8,080,112 shares of QSR between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent BAUPOST GROUP LLC/MA's cost basis in QSR?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.