Restaurant Brands International Inc.
US ˙ NYSE ˙ CA76131D1033

SecurityQSR / Restaurant Brands International Inc.
InstitutionAlerus Financial Na
Latest Disclosed Ownership2,515 shares
Latest Disclosed Value $ 185,859
Alerus Financial Na reports 15.29% decrease in ownership of QSR / Restaurant Brands International Inc.

On May 12, 2026 - Alerus Financial Na filed a 13F-HR form disclosing ownership of 2,515 shares of Restaurant Brands International Inc. (US:QSR) valued at $185,858 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,969 shares of Restaurant Brands International Inc.. This represents a change in shares of -15.29% during the quarter. The current value of the position is $182,740 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-12 2026-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,515 -454 -15.29 186 -8.42 0.0092
2026-02-13 2025-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,969 -14,179 -82.69 203 -81.62 0.0099
2025-11-10 2025-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 17,148 -355 -2.03 1,100 -5.26 0.0560
2025-08-13 2025-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 17,503 -96 -0.55 1,160 -1.02 0.0836
2025-05-13 2025-03-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 17,599 -78,702 -81.73 1,173 -81.33 0.0939
2025-02-12 2024-12-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 96,301 3,884 4.20 6,277 -5.84 0.4807
2024-11-14 2024-09-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 92,417 1,046 1.14 6,665 3.67 0.4892
2024-08-08 2024-06-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 91,371 1,697 1.89 6,430 -9.76 0.4806
2024-05-13 2024-03-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 89,674 258 0.29 7,125 1.98 0.5381
2024-02-12 2023-12-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 89,416 3,266 3.79 6,986 21.73 0.5701
2023-11-14 2023-09-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 86,150 -11,266 -11.56 5,739 -24.00 0.5083
2023-08-14 2023-06-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 97,416 -5,060 -4.94 7,552 9.75 0.6393
2023-05-15 2023-03-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 102,476 1,545 1.53 6,880 5.41 0.6118
2023-02-14 2022-12-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 100,931 -123 -0.12 6,527 21.46 0.5977
2022-11-14 2022-09-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 101,054 -5,535 -5.19 5,374 0.54 0.5345
2022-08-12 2022-06-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 106,589 14,381 15.60 5,345 -0.72 0.4941
2022-05-13 2022-03-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 92,208 -5,645 -5.77 5,384 -9.33 0.4592
2022-02-14 2021-12-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 97,853 13,048 15.39 5,938 14.43 0.4839
2021-11-12 2021-09-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 84,805 11,573 15.80 5,189 9.96 0.4724
2021-08-11 2021-06-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 73,232 968 1.34 4,719 0.47 0.4759
2021-05-13 2021-03-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 72,264 3,036 4.39 4,697 11.01 0.4952
2021-02-12 2020-12-31 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 69,228 1,126 1.65 4,231 8.02 0.4298
2020-11-13 2020-09-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 68,102 58,465 606.67 3,917 644.68 0.4409
2020-08-14 2020-06-30 13F RESTURANT BRANDS INTERNATIONAL COM 76131D103 9,637 9,637 526 0.0619
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.