Institutional Ownership of QSR
RESTAURANT BRANDS INTERNATIONAL, INC. · hedge fund and institutional holdings as of Q4 2025
Based on Q4 2025 SEC Form 13F filings, 6 hedge funds and institutional investors hold long equity positions in RESTAURANT BRANDS INTERNATIONAL, INC. (QSR). Collectively, these funds control 38.9M shares with a combined market value of $2.65B . Ranked by portfolio weight—a key metric indicating high hedge fund conviction rather than just absolute share count—the top QSR shareholders are Baupost Group (10.44%), Pershing Square (10.05%), and Corvex Management (5.47%).
- 6Hedge funds holding
- 38,885,419Shares held (disclosed)
- $2.65B13F market value
- 3.71%Median portfolio weight
Top 10 Institutional HoldersQ4 2025
Ranked by share of the reporting fund's U.S. equity portfolio. Conviction weight reflects the fund's exposure to RESTAURANT BRANDS INTERNATIONAL, INC., not the fund's share of RESTAURANT BRANDS INTERNATIONAL, INC..
| # | Fund | Shares | Market Value | Portfolio Weight |
|---|---|---|---|---|
| 1 | Baupost Group | 8,080,112 | $551.3M | 10.44% |
| 2 | Pershing Square | 22,866,773 | $1.56B | 10.05% |
| 3 | Corvex Management | 2,408,743 | $164.3M | 5.47% |
| 4 | Duquesne Family Office | 1,209,000 | $82.5M | 1.95% |
| 5 | Davis Selected Advisers | 4,020,791 | $274.3M | 1.23% |
| 6 | Soroban Capital | 300,000 | $19.2M | 0.14% |
Quarter-over-Quarter ActivityQ4 2025
The biggest weight-increase and weight-decrease changes among funds that hold QSR. Deltas compare the selected filing to the previous reporting quarter.
Top buyers
- Duquesne Family Office+0.11% · +77,635 shares
- Davis Selected Advisers+0.05% · +478,403 shares
Top sellers
- Baupost Group-0.60% · -172,750 shares
- Pershing Square0.01% · -48,723 shares
Ownership History
Quarter-by-quarter share count, market value, and portfolio conviction weight (up to 5 of the heaviest weight-by-portfolio funds) of QSR. Sourced from 13F filings; reflects long equity positions only.
All Institutional HoldersSortable · searchable
Every hedge fund on record as holding QSR in the selected quarter. Click a fund name to drill into its full 13F portfolio.
| 1 | Baupost Group | 8,080,112 | $551.3M | 10.44% |
| 2 | Pershing Square | 22,866,773 | $1.56B | 10.05% |
| 3 | Corvex Management | 2,408,743 | $164.3M | 5.47% |
| 4 | Duquesne Family Office | 1,209,000 | $82.5M | 1.95% |
| 5 | Davis Selected Advisers | 4,020,791 | $274.3M | 1.23% |
| 6 | Soroban Capital | 300,000 | $19.2M | 0.14% |
Methodology & FAQ
Methodology: How We Track QSR Institutional Holdings
Our data is systematically aggregated directly from quarterly Form 13F-HR disclosures submitted to the U.S. Securities and Exchange Commission (SEC).
- Who Must File (Reporting Threshold): This dataset includes filings from U.S. institutional investment managers, hedge funds, mutual funds, university endowments, and family offices managing at least $100 million in qualifying discretionary U.S. equities.
- What is Included (Data Scope): We exclusively capture long equity positions and listed options (calls and puts) for RESTAURANT BRANDS INTERNATIONAL, INC. (QSR). By SEC regulation, 13F filings do not require the disclosure of short positions, non-U.S. holdings, or OTC derivatives.
- Portfolio Weight Explained (Metric Definition): “Portfolio Weight” shows how much of a fund's total 13F U.S. equity portfolio is allocated to QSR on the specific reporting date.
- How to Use This Data (Interpretation): Quarter-over-quarter changes in shares and portfolio weight reflect a combination of active trading and market price movements. These are descriptive metrics of fund allocation, not explicit buy or sell signals.
How do you measure hedge fund conviction and institutional concentration in QSR?
We evaluate fund conviction by looking at portfolio weight rather than just absolute share count. By tracking how the largest holders —such as Baupost Group , Pershing Square , and Corvex Management as of Q4 2025— change their position sizing quarter-over-quarter, we help investors distinguish between active capital accumulation and passive holding.
Does the QSR ownership data include short interest or options?
SEC Form 13F only mandates the disclosure of long U.S. equity positions and listed options (put and call contracts). Short interest, swaps, and OTC derivatives are excluded by regulatory design. To ensure accurate position scaling, we report listed options based on their underlying share equivalent.
Are family offices and university endowments included in this QSR data?
Yes. In addition to traditional hedge funds and large asset managers, any institutional entity exercising investment discretion over at least $100 million in qualifying U.S. equities must file a Form 13F. This explicitly includes single-family offices and university endowments. If a qualifying family office or endowment holds QSR stock, their allocation is systematically aggregated alongside traditional fund data.
When is the institutional ownership data updated, and is there a reporting lag?
Institutional investment managers are required to file their Form 13F within 45 days after the end of a calendar quarter (the standard “T+45” window). Our platform processes these filings immediately upon publication to the SEC EDGAR database, providing you with the most accurate, point-in-time consensus positioning for QSR without look-ahead bias.
Data Source: Aggregated from public SEC Form 13F filings via the EDGAR database.