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QSR Restaurant Brands International

Consumer Discretionary, filed as RESTAURANT BRANDS INTL INC (COM), Equity As of 2026 Q2 among managers we track Quote on Google Finance, opens in a new tab

Bought by 1 manager in 2026 Q2, sold by 5

  • 4 Owners
  • Max 9.6%
  • $2.7B
  • 1 new 3 reduce 2 exits

In 2026 Q2, 1 manager opened a position, 3 trimmed, and 2 sold out.

Who owns this now

Largest portfolio weights among holders, up to 9.6% (Bill Ackman, Pershing Square). Not free-float ownership.

  1. Bill Ackman New 9.6%
  2. Seth Klarman Reduce 9.0%
  3. Corvex Management Reduce 2.8%
  4. Christopher Davis Reduce 0.87%

Who owns QSR

Sorted by value, long equity only, as of 2026 Q2.

History
Bill Ackman, Pershing Square 9.6% New 9.6% 25,821,284 $1.9B History
Seth Klarman, Baupost Group 9.0%, was 11.7% Reduce −16.4% 6,753,112 $490M History
Christopher Davis, Davis Selected Advisers 0.87%, was 1.2% Reduce −22.2% 2,800,345 $203M History
Corvex Management 2.8%, was 4.6% Reduce −19.8% 1,265,178 $92M History
Stanley Druckenmiller, Duquesne Family Office exited 2026 Q2 Last 2026 Q1 0.99% Exit −0.99% 454,435 $34M History
Eric Mandelblatt, Soroban Capital Partners exited 2026 Q2 Last 2026 Q1 0.02% Exit −0.02% 172,015 $13M History

4 current, 2 exited last period, options excluded

Weight bar: held both quarters added sold at this quarter’s reported price

Insider trades

Open-market buys and sales by QSR's executives, directors and 10% owners in the last 12 months, from their Form 4s

All QSR insider trades
  • None no insider bought on the open market
  • $41.1M sold by 9 insiders outside a trading plan
  • None no planned (10b5-1) sales
  1. Axel Schwan Pres., Tim Hortons US & Canada
    Sale
    $4.7M 57,574 shares at $81.14 22% of stake
    Traded Sep 4 Filed Sep 9
    ↗
  2. Thomas Benjamin Curtis Pres., BK US & CA
    Sale
    $5.2M 64,000 shares at $80.72 63% of stake
    Traded Aug 21 Filed Aug 25
    ↗
  3. Jeffrey Housman See Remarks
    Sale
    $1.5M 20,000 shares at $73.48 11% of stake
    Traded Mar 20 Filed Mar 20
    ↗
  4. Thiago T Santelmo President, International
    Sale
    $754K 10,000 shares at $75.41 11% of stake
    Traded Mar 17 Filed Mar 18
    ↗
  5. Joshua Kobza CEO
    Sale
    $15M 200,000 shares at $75.05 17% of stake
    Traded Mar 18 Filed Mar 18
    ↗
  6. Jacqueline Friesner See Remarks
    Sale
    $2.2M 30,000 shares at $74.61 15% of stake
    Traded Mar 16 Filed Mar 18
    ↗
  7. Jill Granat See Remarks
    Sale
    $3.7M 50,000 shares at $74.92 9.5% of stake
    Traded Mar 16–18 Filed Mar 18
    ↗
  8. Sami A. Siddiqui CFO
    Sale
    $6M 80,000 shares at $74.90 87% of stake
    Traded Mar 16–17 Filed Mar 17
    ↗
  9. Thomas Benjamin Curtis Pres., BK US & CA
    Sale
    $300K 4,250 shares at $70.48 5.4% of stake
    Traded Dec 17, 2025 Filed Dec 17, 2025
    ↗
  10. Joshua Kobza CEO
    Sale
    $1.2M 17,535 shares at $70.92 1.8% of stake
    Traded Dec 15, 2025 Filed Dec 17, 2025
    ↗
  11. Ali Hedayat Director
    Sale
    $509K 7,000 shares at $72.77 27% of stake
    Traded Nov 26, 2025 Filed Dec 1, 2025
    ↗

Also filed in the last 12 months, not counted as buying or selling: 59 option exercises, 48 sales to cover taxes, 29 stock grants, 2 gifts, 1 conversion, and 1 other transaction.

Congress

3 members of Congress traded QSR in the last three years: 1 buy and 2 sales. 6 members listed it in 2025 annual reports.

All Congress trades
  1. Josh Gottheimer D-NJ-5Joint Buy $1K–$15K Aug 6 filed Sep 14
  2. John Boozman R-ARJoint Sell $1K–$15K Feb 4, 2025 filed Mar 6, 2025
  3. Tommy Tuberville R-ALJoint Sell $1K–$15K Apr 4, 2024 filed May 15, 2024

SEC filings

Recent issuer filings from EDGAR, 14 shown.

Filed Form Detail Links
10-Q Filing Doc
8-K 2.02,9.01 Filing Doc
SCHEDULE 13G/A — Filing Doc
SCHEDULE 13D/A — Filing Doc
SCHEDULE 13D/A — Filing Doc
8-K 7.01,9.01 Filing Doc
8-K 2.02,9.01 Filing Doc
10-Q Filing Doc
8-K 5.07,9.01 Filing Doc
DEFA14A Filing Doc
SCHEDULE 13D/A — Filing Doc
8-K 2.02,9.01 Filing Doc
10-Q Filing Doc
SCHEDULE 13D/A — Filing Doc

Source: SEC EDGAR submissions, updated about 17 hours ago. All on EDGAR

Financials

US-GAAP annual figures by fiscal year, as tagged in Form 10-K. Each value links to its SEC filing.

Income statement

Metric FY2023 FY2024 FY2025
Revenue $7.02B $8.41B $9.43B
Gross profit * $4.59B — —
Gross margin * 65.3% — —

Balance sheet

Metric FY2023 FY2024 FY2025
Total current assets $2.17B $2.28B $2.83B
Total non-current assets * $21.22B $22.35B $22.78B
Total assets $23.39B $24.63B $25.62B
Total current liabilities $2.14B $2.36B $2.89B
Total non-current liabilities * $16.52B $17.42B $17.56B
Total equity $2.87B $3.11B $3.63B

Cash flow

Metric FY2023 FY2024 FY2025
Cash from operations $1.32B $1.5B $1.71B
Cash from investing $11M -$660M -$318M
Cash from financing -$1.37B -$0.625B -$1.44B
Net change in cash -$39M $195M -$105M

Source: SEC companyfacts (US-GAAP 10-K). A * marks a computed figure, not a single XBRL tag. Fiscal years are as the issuer labels them. Follow The Filings does not adjust or audit these figures.

Ownership over time

13Fs that reported it each quarter. Click a bar for that quarter’s holders.