QSR Institutional Ownership
Restaurant Brands International Inc.
1W: +0.2%
1M: +4.0%
3M: -0.5%
YTD: +9.8%
1Y: +10.4%
3Y: +20.8%
5Y: +40.6%
$74.00
-0.48 (-0.65%)
After Hours: $73.92 (-0.08, -0.10%)
Weekly Expected Move ±2.8%
$71
$73
$75
$78
$80
Credit Risk of going bust: lower than 73% of companies Debt: 37.6% of company value Bonds: $1.11B held by 396 funds, 120 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.94 (down 97%), Restaurant Brands International Inc. would be worth roughly what it owes.
Total debt $15.65B against a stock market value of $25.98B.
Distance to default 8.16 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $6.90B (short-term plus half of long-term), stock volatility 24.2%; Altman Z'' 1.17. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.94 (down 97%), Restaurant Brands International Inc. would be worth roughly what it owes.
Total debt $15.65B against a stock market value of $25.98B.
Distance to default 8.16 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $6.90B (short-term plus half of long-term), stock volatility 24.2%; Altman Z'' 1.17. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Institutional Ownership — QSR
637
Institutional Holders
+30 vs prior quarter
0.0%
Ownership
+0.00pp
$23B
Total Invested
86
New Positions
238
Increased
217
Reduced
50
Closed
0.72
Put/Call Ratio
Ownership Trends
Top Institutional Holders (680 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | Capital World Investors | 43,862,952 | $3.3B | +1,004,917 | +2.3% | 33Q | SEC ↗ |
| 2 | PERSHING SQUARE INC. NEW | 25,821,284 | $1.9B | — | +0.0% | 1Q | SEC ↗ |
| 3 | Pershing Square Capital Management, L. | 22,645,483 | $1.7B | -221,290 | -1.0% | 46Q | SEC ↗ |
| 4 | ROYAL BANK OF CANADA | 20,236,317 | $1.5B | +1,850,185 | +10.1% | 47Q | SEC ↗ |
| 5 | EdgePoint Investment Group Inc. | 17,171,552 | $1.3B | -2,176,585 | -11.2% | 47Q | SEC ↗ |
| 6 | BlackRock, Inc. | 15,228,770 | $1.1B | +7,239,262 | +90.6% | 8Q | SEC ↗ |
| 7 | BANK OF MONTREAL /CAN | 11,295,632 | $841M | +2,283,680 | +25.3% | 46Q | SEC ↗ |
| 8 | VANGUARD CAPITAL MANAGEMENT LLC | 10,489,509 | $781M | +178,393 | +1.7% | 2Q | SEC ↗ |
| 9 | FMR LLC | 8,417,025 | $627M | +159,170 | +1.9% | 47Q | SEC ↗ |
| 10 | GOLDMAN SACHS GROUP INC | 7,310,590 | $544M | +197,151 | +2.8% | 15Q | SEC ↗ |
| 11 | BAUPOST GROUP LLC/MA | 6,753,112 | $503M | -1,327,000 | -16.4% | 8Q | SEC ↗ |
| 12 | Fiera Capital Corp | 6,168,961 | $459M | -523,260 | -7.8% | 47Q | SEC ↗ |
| 13 | CIBC WORLD MARKET INC. | 6,106,449 | $455M | -653,743 | -9.7% | 47Q | SEC ↗ |
| 14 | GEODE CAPITAL MANAGEMENT, LLC | 5,854,909 | $436M | +305,839 | +5.5% | 47Q | SEC ↗ |
| 15 | MORGAN STANLEY | 4,844,426 | $361M | -2,477,176 | -33.8% | 47Q | SEC ↗ |
| 16 | BANK OF AMERICA CORP /DE | 4,769,956 | $355M | -162,706 | -3.3% | 15Q | SEC ↗ |
| 17 | Beutel, Goodman & Co Ltd. | 4,424,521 | $330M | -673,889 | -13.2% | 23Q | SEC ↗ |
| 18 | CANADA PENSION PLAN INVESTMENT BOARD | 4,224,874 | $315M | +1,284,496 | +43.7% | 40Q | SEC ↗ |
| 19 | TD Asset Management Inc | 4,160,083 | $310M | -1,478,480 | -26.2% | 47Q | SEC ↗ |
| 20 | PLATINUM PARAMOUNT INVESTMENT LTD. | 4,118,904 | $307M | — | +0.0% | 3Q | SEC ↗ |
| 21 | NORGES BANK NEW | 3,821,569 | $285M | — | +0.0% | 1Q | SEC ↗ |
| 22 | NATIONAL BANK OF CANADA /FI | 3,649,628 | $272M | +96,627 | +2.7% | 19Q | SEC ↗ |
| 23 | Invesco Ltd. | 3,404,367 | $254M | -138,635 | -3.9% | 47Q | SEC ↗ |
| 24 | NOMURA HOLDINGS INC NEW | 3,372,818 | $251M | — | +0.0% | 1Q | SEC ↗ |
| 25 | STATE STREET CORP | 3,368,699 | $251M | -145,985 | -4.2% | 46Q | SEC ↗ |
| 26 | Canoe Financial LP | 3,354,908 | $250M | +6,865 | +0.2% | 14Q | SEC ↗ |
| 27 | 1832 Asset Management L.P. | 3,205,836 | $239M | -380,034 | -10.6% | 46Q | SEC ↗ |
| 28 | VANGUARD FIDUCIARY TRUST CO | 3,101,391 | $231M | +32,780 | +1.1% | 2Q | SEC ↗ |
| 29 | FIL Ltd | 2,994,122 | $223M | -510,558 | -14.6% | 33Q | SEC ↗ |
| 30 | CITADEL ADVISORS LLC | 2,927,875 | $218M | +850,667 | +41.0% | 4Q | SEC ↗ |
| 31 | Davis Selected Advisers | 2,800,345 | $209M | -798,782 | -22.2% | 6Q | SEC ↗ |
| 32 | Vanguard Global Advisers, LLC | 2,629,509 | $196M | +231,342 | +9.6% | 2Q | SEC ↗ |
| 33 | Capital Research Global Investors | 2,514,299 | $187M | +5,313 | +0.2% | 20Q | SEC ↗ |
| 34 | TD Waterhouse Canada Inc. | 2,473,606 | $184M | +112,267 | +4.8% | 19Q | SEC ↗ |
| 35 | Blue Sparrow, LLC /DE NEW | 2,390,000 | $178M | — | +0.0% | 1Q | SEC ↗ |
| 36 | UBS Group AG | 2,204,777 | $164M | +704,304 | +46.9% | 47Q | SEC ↗ |
| 37 | Connor, Clark & Lunn Investment Manage | 1,977,662 | $147M | +824,412 | +71.5% | 47Q | SEC ↗ |
| 38 | LONDON CO OF VIRGINIA | 1,960,645 | $146M | -41,590 | -2.1% | 2Q | SEC ↗ |
| 39 | TORONTO DOMINION BANK | 1,904,305 | $142M | +138,032 | +7.8% | 47Q | SEC ↗ |
| 40 | Cullen Capital Management, LLC | 1,770,095 | $132M | +664,441 | +60.1% | 2Q | SEC ↗ |
| 41 | JPMORGAN CHASE & CO | 1,714,650 | $128M | +55,254 | +3.3% | 47Q | SEC ↗ |
| 42 | Legal & General Group Plc | 1,595,151 | $119M | -130,153 | -7.5% | 27Q | SEC ↗ |
| 43 | MACKENZIE FINANCIAL CORP | 1,573,550 | $117M | -96,451 | -5.8% | 41Q | SEC ↗ |
| 44 | DIMENSIONAL FUND ADVISORS LP | 1,440,679 | $107M | +67,776 | +4.9% | 47Q | SEC ↗ |
| 45 | MANUFACTURERS LIFE INSURANCE COMPANY, | 1,406,008 | $105M | +303,511 | +27.5% | 47Q | SEC ↗ |
| 46 | Corvex Management LP | 1,265,178 | $94M | -313,076 | -19.8% | 5Q | SEC ↗ |
| 47 | UBS AM, a distinct business unit of UB | 1,173,662 | $87M | +994,454 | +554.9% | 3Q | SEC ↗ |
| 48 | D. E. Shaw & Co., Inc. | 1,133,719 | $84M | +1,049,119 | +1240.1% | 4Q | SEC ↗ |
| 49 | Sixth Street Partners Management Compa NEW | 1,107,644 | $82M | — | +0.0% | 1Q | SEC ↗ |
| 50 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 1,107,644 | $82M | +58,301 | +5.6% | 9Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| PERSHING SQUARE INC. | 25,821,284 | $1.9B |
| NORGES BANK | 3,821,569 | $285M |
| NOMURA HOLDINGS INC | 3,372,818 | $251M |
| Blue Sparrow, LLC /DE | 2,390,000 | $178M |
| Sixth Street Partners Management Co | 1,107,644 | $82M |
| Jupiter Topco LLC | 425,259 | $32M |
| Varma Mutual Pension Insurance Co | 121,800 | $9M |
| Balyasny Asset Management L.P. | 89,046 | $7M |
| MOORE CAPITAL MANAGEMENT, LP | 78,801 | $6M |
| Kiltearn Partners LLP | 50,394 | $4M |
| 111 Capital | 30,228 | $2M |
| Quinn Opportunity Partners LLC | 30,000 | $2M |
| GSA CAPITAL PARTNERS LLP | 27,127 | $2M |
| Nykredit A/S | 25,028 | $2M |
| Fideuram Asset Management (Ireland) | 22,673 | $2M |
| BW Gestao de Investimentos Ltda. | 22,000 | $2M |
| Kentucky Retirement Systems | 21,535 | $2M |
| Blackstone Inc. | 21,043 | $2M |
| 44 WEALTH MANAGEMENT LLC | 19,107 | $1M |
| Numerai GP LLC | 17,708 | $1M |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| Meritage Group LP | 3,200,731 | $238M |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | 474,200 | $35M |
| Duquesne Family Office LLC | 454,435 | $34M |
| Man Group plc | 307,326 | $23M |
| Point72 Asset Management, L.P. | 246,090 | $18M |
| Hook Mill Capital Partners, LP | 222,958 | $17M |
| Trexquant Investment LP | 189,069 | $14M |
| SEVEN GRAND MANAGERS, LLC | 175,000 | $13M |
| Soroban Capital Partners LP | 172,015 | $13M |
| Night Squared LP | 146,464 | $11M |
| Hudson Bay Capital Management LP | 126,416 | $9M |
| Jump Financial, LLC | 120,215 | $9M |
| BOOTHBAY FUND MANAGEMENT, LLC | 53,531 | $4M |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C | 47,544 | $4M |
| Freestone Grove Partners LP | 46,756 | $3M |
| Skandinaviska Enskilda Banken AB (p | 42,983 | $3M |
| Range Rock Capital, LLC | 37,613 | $3M |
| Entropy Technologies, LP | 31,872 | $2M |
| Skye Global Management LP | 31,815 | $2M |
| Maven Securities LTD | 30,000 | $2M |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| BlackRock, Inc. | +7,239,262 | +90.6% | 15,228,770 |
| BANK OF MONTREAL /CAN | +2,283,680 | +25.3% | 11,295,632 |
| ROYAL BANK OF CANADA | +1,850,185 | +10.1% | 20,236,317 |
| CANADA PENSION PLAN INVESTMENT BOAR | +1,284,496 | +43.7% | 4,224,874 |
| D. E. Shaw & Co., Inc. | +1,049,119 | +1240.1% | 1,133,719 |
| Capital World Investors | +1,004,917 | +2.3% | 43,862,952 |
| UBS AM, a distinct business unit of | +994,454 | +554.9% | 1,173,662 |
| CITADEL ADVISORS LLC | +850,667 | +41.0% | 2,927,875 |
| Connor, Clark & Lunn Investment Man | +824,412 | +71.5% | 1,977,662 |
| UBS Group AG | +704,304 | +46.9% | 2,204,777 |
| Cullen Capital Management, LLC | +664,441 | +60.1% | 1,770,095 |
| JANE STREET GROUP, LLC | +614,397 | +3487.7% | 632,013 |
| HEALTHCARE OF ONTARIO PENSION PLAN | +452,600 | +366.2% | 576,200 |
| JONES FINANCIAL COMPANIES LLLP | +362,702 | +1109.2% | 395,400 |
| NATIXIS ADVISORS, LLC | +336,443 | +481.0% | 406,386 |
| GEODE CAPITAL MANAGEMENT, LLC | +305,839 | +5.5% | 5,854,909 |
| MANUFACTURERS LIFE INSURANCE COMPAN | +303,511 | +27.5% | 1,406,008 |
| Vanguard Global Advisers, LLC | +231,342 | +9.6% | 2,629,509 |
| GOLDMAN SACHS GROUP INC | +197,151 | +2.8% | 7,310,590 |
| VANGUARD CAPITAL MANAGEMENT LLC | +178,393 | +1.7% | 10,489,509 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| MORGAN STANLEY | -2,477,176 | -33.8% | 4,844,426 |
| EdgePoint Investment Group Inc. | -2,176,585 | -11.2% | 17,171,552 |
| TD Asset Management Inc | -1,478,480 | -26.2% | 4,160,083 |
| BAUPOST GROUP LLC/MA | -1,327,000 | -16.4% | 6,753,112 |
| Davis Selected Advisers | -798,782 | -22.2% | 2,800,345 |
| Beutel, Goodman & Co Ltd. | -673,889 | -13.2% | 4,424,521 |
| CIBC WORLD MARKET INC. | -653,743 | -9.7% | 6,106,449 |
| Public Sector Pension Investment Bo | -621,293 | -61.7% | 385,088 |
| FEDERATED HERMES, INC. | -529,362 | -87.5% | 75,319 |
| Fiera Capital Corp | -523,260 | -7.8% | 6,168,961 |
| FIL Ltd | -510,558 | -14.6% | 2,994,122 |
| CIBC Asset Management Inc | -440,687 | -34.3% | 843,087 |
| OMERS ADMINISTRATION Corp | -390,600 | -71.0% | 159,400 |
| 1832 Asset Management L.P. | -380,034 | -10.6% | 3,205,836 |
| SCOTIA CAPITAL INC. | -334,898 | -25.4% | 985,634 |
| Corvex Management LP | -313,076 | -19.8% | 1,265,178 |
| Pershing Square Capital Management, | -221,290 | -1.0% | 22,645,483 |
| Woodline Partners LP | -177,388 | -46.8% | 201,505 |
| CIDEL ASSET MANAGEMENT INC | -167,012 | -24.1% | 526,104 |
| BANK OF AMERICA CORP /DE | -162,706 | -3.3% | 4,769,956 |