DaveManuel.com · Institutional Ownership · Who Owns It
RESTAURANT BRANDS INTL INC (QSR)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
596
Reporting holders
$23.8B
Reported value
0.9%
Calls
0.3%
Puts
+38
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Capital World Investors | $3.2B | 43,862,952 | 0.38% | 31q | +2.3%+$72.9M |
| PERSHING SQUARE INC. | $1.9B | 25,821,284 | 9.62% | new | NEW |
| ROYAL BANK OF CANADA | $1.5B incl. $3.6M options CALL | 20,236,317 | 0.22% | 31q | +10.1%+$134.5M |
| EdgePoint Investment Group Inc. | $1.2B | 17,171,552 | 9.40% | 31q | -11.2%-$157.7M |
| BlackRock, Inc. | $1.1B | 15,228,770 | 0.02% | 8q | +90.6%+$524.9M |
| BANK OF MONTREAL /CAN/ | $828.9M incl. $10.5M options CALL+PUT | 11,295,632 | 0.27% | 31q | +25.3%+$167.6M |
| VANGUARD CAPITAL MANAGEMENT LLC | $760.8M | 10,489,509 | 0.02% | 2q | +1.7%+$12.9M |
| FMR LLC | $610.5M | 8,417,025 | 0.03% | 31q | +1.9%+$11.5M |
| GOLDMAN SACHS GROUP INC | $548.2M incl. $18.1M options CALL | 7,310,590 | 0.05% | 31q | +2.8%+$14.8M |
| BAUPOST GROUP LLC/MA | $489.6M | 6,753,112 | 9.04% | 8q | -16.4%-$96.2M |
| Fiera Capital Corp | $446.7M | 6,168,961 | 1.62% | 31q | -7.8%-$37.9M |
| CIBC WORLD MARKET INC. | $442.8M | 6,106,449 | 0.71% | 31q | -9.7%-$47.4M |
| GEODE CAPITAL MANAGEMENT, LLC | $436.1M | 5,854,909 | 0.02% | 31q | +5.5%+$22.8M |
| MORGAN STANLEY | $351.3M | 4,844,426 | 0.02% | 35q | -33.8%-$179.6M |
| BANK OF AMERICA CORP /DE/ | $345.9M | 4,769,956 | 0.02% | 31q | -3.3%-$11.8M |
| Beutel, Goodman & Co Ltd. | $320.8M | 4,424,521 | 2.36% | 23q | -13.2%-$48.9M |
| CANADA PENSION PLAN INVESTMENT BOARD | $306.1M | 4,224,874 | 0.17% | 31q | +43.7%+$93.1M |
| TD Asset Management Inc | $301.6M | 4,160,083 | 0.26% | 31q | -26.2%-$107.2M |
| PLATINUM PARAMOUNT INVESTMENT LTD. | $298.7M | 4,118,904 | 42.44% | 3q | HELD |
| NORGES BANK | $277.0M | 3,821,569 | 0.03% | 32q | HELD |
| NATIONAL BANK OF CANADA /FI/ | $264.7M incl. $2.1M options CALL+PUT | 3,649,628 | 0.19% | 19q | +2.7%+$7.0M |
| Invesco Ltd. | $246.9M | 3,404,367 | 0.02% | 31q | -3.9%-$10.1M |
| STATE STREET CORP | $246.5M | 3,368,699 | 0.01% | 31q | -4.2%-$10.7M |
| CITADEL ADVISORS LLC | $245.1M incl. $32.8M options CALL+PUT | 2,927,875 | 0.03% | 31q | +41.0%+$71.2M |
| NOMURA HOLDINGS INC | $244.6M | 3,372,818 | 0.29% | new | NEW |
| Canoe Financial LP | $243.1M | 3,354,908 | 3.01% | 14q | HELD |
| 1832 Asset Management L.P. | $232.5M | 3,205,836 | 0.12% | 31q | -10.6%-$27.6M |
| VANGUARD FIDUCIARY TRUST CO | $225.0M | 3,101,391 | 0.05% | 2q | +1.1%+$2.4M |
| FIL Ltd | $217.2M | 2,994,122 | 0.16% | 31q | -14.6%-$37.0M |
| Davis Selected Advisers | $203.0M | 2,800,345 | 0.87% | 6q | -22.2%-$57.9M |
| Vanguard Global Advisers, LLC | $190.7M | 2,629,509 | 0.09% | 2q | +9.6%+$16.8M |
| Capital Research Global Investors | $182.3M | 2,514,299 | 0.03% | 17q | HELD |
| TD Waterhouse Canada Inc. | $177.0M | 2,473,606 | 0.47% | 19q | +4.8%+$8.0M |
| Blue Sparrow, LLC /DE | $173.3M | 2,390,000 | 1.68% | new | NEW |
| MACKENZIE FINANCIAL CORP | $161.9M | 1,573,550 | 0.16% | 31q | -5.8%-$9.9M |
| UBS Group AG | $159.9M | 2,204,777 | 0.02% | 31q | +46.9%+$51.1M |
| Connor, Clark & Lunn Investment Management Ltd. | $143.3M | 1,977,662 | 0.27% | 31q | +71.5%+$59.7M |
| LONDON CO OF VIRGINIA | $142.2M | 1,960,645 | 0.81% | 2q | -2.1%-$3.0M |
| TORONTO DOMINION BANK | $138.9M incl. $905.8K options CALL+PUT | 1,904,305 | 0.16% | 31q | +7.8%+$10.1M |
| Cullen Capital Management, LLC | $128.3M | 1,770,095 | 1.26% | 2q | +60.1%+$48.2M |
| JPMORGAN CHASE & CO | $125.6M | 1,714,650 | 0.01% | 31q | +3.3%+$4.0M |
| Legal & General Group Plc | $115.7M | 1,595,151 | 0.02% | 31q | -7.5%-$9.4M |
| DIMENSIONAL FUND ADVISORS LP | $104.5M | 1,440,679 | 0.02% | 31q | +4.9%+$4.9M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $101.8M | 1,406,008 | 0.08% | 31q | +27.5%+$22.0M |
| Corvex Management LP | $91.7M | 1,265,178 | 2.80% | 5q | -19.8%-$22.7M |
| D. E. Shaw & Co., Inc. | $85.5M incl. $3.3M options CALL | 1,133,719 | 0.04% | 4q | +1240.1%+$79.1M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $85.1M | 1,173,662 | 0.02% | 3q | +554.9%+$72.1M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $83.5M incl. $74.8M options CALL+PUT | 119,815 | 0.01% | 31q | +1730.9%+$78.9M |
| JANE STREET GROUP, LLC | $82.3M incl. $36.5M options CALL+PUT | 632,013 | 0.01% | 31q | +3487.7%+$80.0M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $80.3M | 1,107,644 | 0.01% | 9q | +5.6%+$4.2M |
| Bank of New York Mellon Corp | $78.7M | 1,085,058 | 0.01% | 31q | +1.8%+$1.4M |
| Swiss National Bank | $75.1M | 1,037,730 | 0.04% | 31q | -6.3%-$5.0M |
| BANK OF NOVA SCOTIA | $73.9M | 1,018,288 | 0.11% | 31q | -7.0%-$5.6M |
| ENVESTNET ASSET MANAGEMENT INC | $71.3M | 983,870 | 0.02% | 31q | +8.4%+$5.5M |
| SCOTIA CAPITAL INC. | $71.3M | 985,634 | 0.27% | 31q | -25.4%-$24.2M |
| Aviso Financial Inc. | $71.1M | 980,833 | 2.47% | 9q | -1.0%-$703.4K |
| NORTHERN TRUST CORP | $69.1M | 952,665 | 0.01% | 31q | -1.6%-$1.1M |
| GUARDIAN CAPITAL LP | $68.4M | 942,679 | 1.66% | 23q | -3.8%-$2.7M |
| Alberta Investment Management Corp | $63.0M | 869,121 | 0.35% | 30q | -1.4%-$866.6K |
| CIBC Asset Management Inc | $61.6M | 843,087 | 0.14% | 31q | -34.3%-$32.2M |
| Epoch Investment Partners, Inc. | $58.0M | 799,626 | 0.33% | 26q | -4.0%-$2.4M |
| Nuveen, LLC | $56.8M | 783,514 | 0.01% | 6q | +2.4%+$1.3M |
| RAYMOND JAMES FINANCIAL INC | $55.6M | 766,686 | 0.02% | 7q | +21.9%+$10.0M |
| VANGUARD ASSET MANAGEMENT, Ltd | $55.5M | 765,815 | 0.04% | 2q | +11.9%+$5.9M |
| Caisse de depot et placement du Quebec | $53.7M | 739,937 | 0.08% | 2q | HELD |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $51.3M | 708,240 | 0.05% | 3q | -5.9%-$3.2M |
| CAPITAL INTERNATIONAL SARL | $48.3M | 666,592 | 0.68% | 26q | +2.4%+$1.1M |
| LETKO, BROSSEAU & ASSOCIATES INC | $46.6M | 643,271 | 0.69% | 22q | -3.9%-$1.9M |
| DEUTSCHE BANK AG\ | $46.3M | 637,863 | 0.01% | 34q | +16.0%+$6.4M |
| WELLS FARGO & COMPANY/MN | $45.8M incl. $8.4M options CALL+PUT | 516,521 | 0.01% | 31q | +11.8%+$4.9M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $41.8M | 576,200 | 0.06% | 2q | +366.2%+$32.8M |
| GW&K Investment Management, LLC | $41.3M | 569,407 | 0.32% | 31q | -1.6%-$661.6K |
| CONTINENTAL GRAIN CO | $40.5M | 559,178 | 9.05% | 27q | HELD |
| INTACT INVESTMENT MANAGEMENT INC. | $39.2M | 539,861 | 1.11% | 31q | -16.8%-$7.9M |
| CIDEL ASSET MANAGEMENT INC | $38.1M | 526,104 | 1.84% | 30q | -24.1%-$12.1M |
| MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd | $36.8M | 357,508 | 3.61% | 26q | -21.1%-$9.9M |
| MUFG SECURITIES (CANADA), LTD. | $35.6M | 491,312 | 0.96% | 10q | -4.4%-$1.6M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $35.2M | 485,772 | 0.00% | 2q | -5.4%-$2.0M |
| Amundi | $33.7M | 464,103 | 0.01% | 21q | +8.3%+$2.6M |
| Addenda Capital Inc. | $32.4M | 312,203 | 0.88% | 31q | +0.6%+$206.2K |
| VAN ECK ASSOCIATES CORP | $31.8M | 439,207 | 0.02% | 3q | +42.2%+$9.5M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | $30.8M | 425,604 | 0.19% | 16q | +44.9%+$9.6M |
| Jupiter Topco LLC | $30.8M | 425,259 | 0.01% | new | FIRST |
| Federation des caisses Desjardins du Quebec | $30.6M | 424,021 | 0.09% | 38q | +2.1%+$623.8K |
| NATIXIS ADVISORS, LLC | $29.5M | 406,386 | 0.03% | 31q | +481.0%+$24.4M |
| JONES FINANCIAL COMPANIES LLLP | $29.4M | 395,400 | 0.01% | 9q | +1109.2%+$27.0M |
| BARCLAYS PLC | $28.6M | 394,824 | 0.01% | 31q | +32.7%+$7.1M |
| MIC Capital Management UK LLP | $28.0M | 386,203 | 7.10% | 19q | HELD |
| Public Sector Pension Investment Board | $27.9M | 385,088 | 0.07% | 7q | -61.7%-$45.0M |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $27.1M | 365,666 | 0.05% | 12q | +24.1%+$5.3M |
| CAPITAL INTERNATIONAL LTD /CA/ | $26.9M | 371,644 | 0.88% | 26q | HELD |
| Scheer, Rowlett & Associates Investment Management Ltd. | $25.8M | 355,630 | 1.85% | 19q | -1.0%-$260.8K |
| Rockefeller Capital Management L.P. | $25.5M | 351,783 | 0.04% | 29q | +3.3%+$809.1K |
| Baskin Financial Services Inc. | $24.4M | 336,931 | 1.92% | 19q | -1.2%-$305.7K |
| AustralianSuper Pty Ltd | $23.9M | 329,373 | 0.10% | 2q | -21.3%-$6.5M |
| RHUMBLINE ADVISERS | $23.1M | 318,337 | 0.02% | 13q | -2.4%-$567.7K |
| Capital International, Inc./CA/ | $22.3M | 307,813 | 0.16% | 26q | +4.4%+$936.6K |
| BANK OF NOVA SCOTIA TRUST CO | $21.4M | 295,613 | 1.78% | 31q | -10.0%-$2.4M |
| Russell Investments Group, Ltd. | $20.8M | 286,182 | 0.02% | 31q | +70.0%+$8.6M |
| Cannell & Spears LLC | $20.7M | 284,931 | 0.37% | 26q | -7.1%-$1.6M |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-10-30 | 13G | Vanguard Capital Management | 5.0% |
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-21 | CURTIS THOMAS BENJAMIN | Pres., BK US & CA | Sold | 64,000 | $5.2M |
| 2026-09-04 | Schwan Axel | Pres., Tim Hortons US & Canada | Sold | 57,574 | $4.7M |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 151 | $802.4M | 11,108,401 | 17 | 44 | 40 | 0.0% |
| Q2 2026 | 596 | $23.8B | 322,415,802 | 89 | 223 | 160 | 1.3% |
| Q1 2026 | 558 | $22.6B | 302,472,874 | 90 | 223 | 127 | 0.9% |
| Q4 2025 | 516 | $20.2B | 293,882,485 | 67 | 188 | 134 | 0.8% |
| Q3 2025 | 474 | $18.9B | 291,706,780 | 60 | 177 | 142 | 1.1% |
| Q2 2025 | 467 | $20.5B | 306,417,790 | 60 | 158 | 146 | 0.8% |
| Q1 2025 | 469 | $18.9B | 278,518,917 | 71 | 166 | 138 | 2.0% |
| Q4 2024 | 460 | $18.2B | 272,231,069 | 33 | 146 | 154 | 2.3% |
| Q3 2024 | 470 | $20.2B | 274,803,737 | 61 | 141 | 155 | 2.1% |
| Q2 2024 | 459 | $19.4B | 271,043,518 | 46 | 140 | 164 | 1.3% |
| Q1 2024 | 474 | $21.1B | 262,350,047 | 41 | 149 | 166 | 1.2% |
| Q4 2023 | 474 | $20.9B | 263,032,263 | 53 | 156 | 144 | 1.4% |
| Q3 2023 | 449 | $17.9B | 262,798,444 | 49 | 147 | 134 | 1.8% |
| Q2 2023 | 442 | $20.6B | 260,782,904 | 48 | 135 | 145 | 1.7% |
| Q1 2023 | 443 | $18.6B | 286,112,630 | 59 | 160 | 129 | 1.6% |
| Q4 2022 | 431 | $16.7B | 251,032,841 | 64 | 111 | 162 | 2.5% |
| Q3 2022 | 391 | $53.2B | 994,684,542 | 66 | 113 | 130 | 0.5% |
| Q2 2022 | 379 | $50.7B | 997,871,574 | 45 | 131 | 121 | 0.4% |
| Q1 2022 | 380 | $54.8B | 934,763,689 | 49 | 134 | 118 | 0.4% |
| Q4 2021 | 386 | $54.8B | 898,888,128 | 50 | 130 | 125 | 0.6% |
| Q3 2021 | 375 | $52.1B | 844,298,090 | 46 | 155 | 100 | 0.5% |
| Q2 2021 | 367 | $95.1B | 1,472,424,293 | 42 | 128 | 110 | 0.2% |
| Q1 2021 | 361 | $93.3B | 1,429,657,679 | 44 | 126 | 108 | 0.2% |
| Q4 2020 | 375 | $86.4B | 1,415,190,460 | 40 | 124 | 108 | 0.4% |
| Q3 2020 | 349 | $107.8B | 1,895,459,035 | 40 | 113 | 105 | 0.2% |
| Q2 2020 | 372 | $102.0B | 1,854,591,292 | 88 | 110 | 116 | 0.2% |
| Q1 2020 | 335 | $53.2B | 1,316,310,850 | 41 | 134 | 96 | 0.2% |
| Q4 2019 | 396 | $68.1B | 1,057,558,819 | 44 | 161 | 97 | 0.2% |
| Q3 2019 | 391 | $64.1B | 889,011,321 | 90 | 127 | 79 | 0.3% |
| Q2 2019 | 332 | $94.6B | 1,357,322,618 | 56 | 106 | 90 | 0.2% |
| Q1 2019 | 323 | $52.1B | 795,313,374 | 43 | 114 | 93 | 0.6% |
| Q4 2018 | 307 | $84.4B | 1,607,559,744 | 8 | 6 | 6 | 0.4% |