| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| 3G Restaurant Brands Holdings General Partner Ltd. | 23% | -12% | $6,981,707,880 | -$1,241,086,794 | 99,157,902 | -15% | 3G Restaurant Brands Holdings General Partner Ltd. | 03 Dec 2025 |
| BlackRock, Inc. | 7% | +18% | $1,555,027,979 | +$241,453,770 | 22,790,938 | +18% | BlackRock, Inc. | 31 Dec 2025 |
| EdgePoint Investment Group Inc. | 5.1% | $1,157,160,609 | 16,645,003 | EdgePoint Investment Group Inc. | 31 Dec 2025 | |||
| Capital Research Global Investors | 3.5% | $716,336,891 | 11,261,388 | Capital Research Global Investors | 31 Dec 2024 |
As of 31 Dec 2025, 490 institutional investors reported holding 289,492,913 shares of Restaurant Brands International Inc. - Common Shares, without par value (QSR). This represents 88% of the company’s total 327,657,539 outstanding shares.
The largest institutional shareholders of Restaurant Brands International Inc. - Common Shares, without par value (QSR) together control 69% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Capital World Investors | 13% | 43,525,570 | +7.7% | 0.4% | $2,969,818,569 |
| Pershing Square Capital Management, L.P. | 7% | 22,866,773 | -0.21% | 10% | $1,560,199,922 |
| ROYAL BANK OF CANADA | 5.7% | 18,544,727 | -20% | 0.22% | $1,265,308,000 |
| EdgePoint Investment Group Inc. | 5.1% | 16,645,003 | +12% | 9.3% | $1,135,844,075 |
| VANGUARD GROUP INC | 4.9% | 15,983,585 | +2.2% | 0.02% | $1,090,683,705 |
| BANK OF MONTREAL /CAN/ | 4.6% | 15,219,947 | +26% | 0.42% | $1,038,599,156 |
| MORGAN STANLEY | 2.6% | 8,429,121 | +24% | 0.03% | $575,119,064 |
| BAUPOST GROUP LLC/MA | 2.5% | 8,080,112 | -2.1% | 10% | $551,325,000 |
| FMR LLC | 2.4% | 7,941,984 | -9.4% | 0.03% | $541,939,790 |
| BlackRock, Inc. | 2.3% | 7,522,380 | +3.1% | 0.01% | $513,251,973 |
| Fiera Capital Corp | 2.1% | 6,835,522 | +38% | 1.5% | $466,594,987 |
| Beutel, Goodman & Co Ltd. | 1.7% | 5,548,020 | +6% | 2.3% | $379,082,000 |
| TD Asset Management Inc | 1.7% | 5,544,780 | +0.71% | 0.3% | $378,851,126 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.6% | 5,216,985 | +6% | 0.02% | $365,279,092 |
| FIL Ltd | 1.4% | 4,430,035 | -0.87% | 0.23% | $302,296,107 |
| Davis Selected Advisers | 1.2% | 4,020,791 | +14% | 1.2% | $274,339,592 |
| NATIONAL BANK OF CANADA /FI/ | 1.2% | 3,832,184 | +5.9% | 0.27% | $259,418,179 |
| NORGES BANK | 1.2% | 3,820,684 | 0.03% | $260,708,992 | |
| 1832 Asset Management L.P. | 1.2% | 3,817,946 | +23% | 0.33% | $260,498,456 |
| CIBC WORLD MARKET INC. | 1.1% | 3,689,706 | +31% | 0.45% | $251,748,640 |
| Invesco Ltd. | 1.1% | 3,469,979 | -4.6% | 0.04% | $236,756,667 |
| TORONTO DOMINION BANK | 1% | 3,307,584 | +165% | 0.4% | $225,710,651 |
| Meritage Group LP | 0.98% | 3,200,731 | -2.4% | 6.8% | $218,385,876 |
| STATE STREET CORP | 0.96% | 3,155,112 | +1.1% | 0.01% | $217,194,660 |
| CANADA PENSION PLAN INVESTMENT BOARD | 0.84% | 2,750,378 | -5.1% | 0.13% | $187,683,989 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 289,492,913 | $19,786,224,826 | +$374,987,633 | $68.23 | 490 |
| 2025 Q3 | 290,111,016 | $18,643,330,927 | +$265,129,904 | $64.14 | 459 |
| 2025 Q2 | 284,082,553 | $18,849,152,177 | +$664,828,102 | $66.29 | 451 |
| 2025 Q1 | 273,893,926 | $18,259,086,724 | +$727,599,653 | $66.64 | 450 |
| 2024 Q4 | 263,219,861 | $17,153,472,435 | -$655,738,776 | $65.18 | 440 |
| 2024 Q3 | 272,862,196 | $19,673,998,620 | +$289,194,751 | $72.12 | 453 |
| 2024 Q2 | 268,935,027 | $18,944,961,952 | +$776,967,126 | $70.37 | 437 |
| 2024 Q1 | 255,742,509 | $20,314,795,223 | -$225,893,182 | $79.45 | 450 |
| 2023 Q4 | 259,048,180 | $20,258,250,941 | -$61,131,113 | $78.13 | 453 |
| 2023 Q3 | 259,948,622 | $17,321,875,905 | +$104,626,375 | $66.62 | 431 |
| 2023 Q2 | 257,547,170 | $19,969,623,196 | -$288,131,750 | $77.52 | 421 |
| 2023 Q1 | 262,005,639 | $17,584,837,877 | +$728,182,470 | $67.14 | 422 |
| 2022 Q4 | 248,979,577 | $16,117,093,771 | +$530,110,815 | $64.67 | 414 |
| 2022 Q3 | 240,849,172 | $12,846,693,213 | +$76,250,124 | $53.18 | 383 |
| 2022 Q2 | 234,355,185 | $11,747,266,612 | +$86,798,417 | $50.15 | 360 |
| 2022 Q1 | 237,606,179 | $13,878,305,094 | -$633,760,950 | $58.39 | 368 |
| 2021 Q4 | 248,186,934 | $15,043,689,971 | +$95,885,375 | $60.68 | 372 |
| 2021 Q3 | 239,351,174 | $14,652,139,938 | +$347,615,917 | $61.19 | 358 |
| 2021 Q2 | 233,631,207 | $15,071,492,164 | -$284,332,992 | $64.44 | 353 |
| 2021 Q1 | 235,689,986 | $15,326,191,186 | +$302,448,322 | $65.00 | 348 |
| 2020 Q4 | 233,108,390 | $14,256,090,503 | -$335,087,036 | $61.11 | 356 |
| 2020 Q3 | 237,843,163 | $13,693,179,994 | +$124,491,157 | $57.51 | 332 |
| 2020 Q2 | 236,232,040 | $12,912,116,187 | +$861,464,376 | $54.63 | 351 |
| 2020 Q1 | 233,569,231 | $9,325,755,759 | -$56,614,146 | $40.03 | 310 |
| 2019 Q4 | 229,566,911 | $14,663,070,701 | -$241,883,518 | $63.77 | 377 |
| 2019 Q3 | 231,624,792 | $16,465,286,498 | +$2,281,863,174 | $71.14 | 373 |
| 2019 Q2 | 199,451,966 | $13,869,369,218 | -$78,868,118 | $69.54 | 319 |
| 2019 Q1 | 203,201,732 | $13,229,397,345 | -$300,905,096 | $65.11 | 313 |
| 2018 Q4 | 209,542,409 | $10,956,272,362 | +$297,406,966 | $52.30 | 297 |
| 2018 Q3 | 203,801,064 | $12,046,171,952 | +$257,250,434 | $59.28 | 278 |
| 2018 Q2 | 198,995,448 | $11,998,093,692 | +$415,865,359 | $60.30 | 285 |
| 2018 Q1 | 192,246,157 | $10,940,737,384 | +$134,798,470 | $56.92 | 298 |
| 2017 Q4 | 189,620,822 | $11,660,571,581 | +$28,002,725 | $61.48 | 297 |
| 2017 Q3 | 187,885,409 | $11,997,395,545 | +$443,003,523 | $63.88 | 272 |
| 2017 Q2 | 180,974,046 | $11,316,314,693 | +$226,861,378 | $62.54 | 266 |
| 2017 Q1 | 177,926,735 | $9,912,784,010 | +$174,218,160 | $55.74 | 256 |
| 2016 Q4 | 175,076,591 | $8,340,984,301 | +$254,945,980 | $47.66 | 227 |
| 2016 Q3 | 169,849,640 | $7,568,371,868 | -$93,093,301 | $44.58 | 215 |
| 2016 Q2 | 171,993,348 | $7,151,784,582 | +$138,842,983 | $41.60 | 207 |
| 2016 Q1 | 165,775,003 | $6,439,316,011 | -$388,811,445 | $38.83 | 197 |
| 2015 Q4 | 179,852,158 | $6,718,059,001 | +$533,045,562 | $37.36 | 199 |
| 2015 Q3 | 165,255,485 | $5,936,498,179 | +$193,261,983 | $35.92 | 203 |
| 2015 Q2 | 159,796,138 | $6,111,254,569 | -$1,682,312 | $38.21 | 208 |
| 2015 Q1 | 159,884,448 | $6,138,512,819 | +$165,907,685 | $38.41 | 215 |
| 2014 Q4 | 155,621,016 | $6,089,496,522 | +$5,960,227,512 | $39.04 | 244 |
| 2014 Q1 | 410 | $15,748 | -$50,000 | $38.41 | 1 |