Restaurant Brands International Inc.
US ˙ NYSE ˙ CA76131D1033

SecurityQSR / Restaurant Brands International Inc.
InstitutionFiera Capital Corp
Latest Disclosed Ownership6,692,221 shares
Latest Disclosed Value $ 494,364,738
Fiera Capital Corp reports 2.10% decrease in ownership of QSR / Restaurant Brands International Inc.

On May 12, 2026 - Fiera Capital Corp filed a 13F-HR form disclosing ownership of 6,692,221 shares of Restaurant Brands International Inc. (US:QSR) valued at $494,555,132 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 6,835,522 shares of Restaurant Brands International Inc.. This represents a change in shares of -2.10% during the quarter. The current value of the position is $480,702,234 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 6,692,221 -143,301 -2.10 494,365 5.95 1.0026
2026-02-11 2025-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 6,835,522 1,889,359 38.20 466,595 47.10 1.4797
2025-11-07 2025-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 4,946,163 724,540 17.16 317,191 13.34 1.0253
2025-08-08 2025-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 4,221,623 2,147 0.05 279,861 -0.60 0.9486
2025-05-07 2025-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 4,219,476 523,829 14.17 281,563 17.02 1.0171
2025-01-29 2024-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 3,695,647 -48,973 -1.31 240,615 -11.07 0.7577
2024-11-01 2024-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 3,744,620 227,203 6.46 270,554 9.11 0.8137
2024-10-31 2024-06-30 13F/A-2 RESTAURANT BRANDS INTL COM 76131D103 3,517,417 213,877 6.47 247,955 -5.54 0.7686
2024-08-19 2024-06-30 13F/A-1 RESTAURANT BRANDS INTL COM 76131D103 3,517,417 213,877 247,955 0.7758
2024-08-01 2024-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 3,517,417 213,877 247,955 0.7797
2024-08-22 2024-03-31 13F/A-1 RESTAURANT BRANDS INTL COM 76131D103 3,303,540 210,720 6.81 262,511 7.71 0.7650
2024-05-01 2024-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 3,303,540 210,720 262,511 0.7650
2024-08-22 2023-12-31 13F/A-1 RESTAURANT BRANDS INTL COM 76131D103 3,092,820 140,362 4.75 243,711 23.61 0.7482
2024-02-08 2023-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 3,092,820 140,362 243,711 0.7482
2024-08-22 2023-09-30 13F/A-1 RESTAURANT BRANDS INTL COM 76131D103 2,952,458 207,609 7.56 197,157 -7.49 0.6309
2023-11-09 2023-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 2,952,458 207,609 197,157 0.6309
2023-08-09 2023-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 2,744,849 210,216 8.29 213,110 25.32 0.6166
2023-04-26 2023-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,534,633 112,101 4.63 170,056 8.46 0.5079
2023-02-08 2022-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,422,532 -59,638 -2.40 156,793 21.24 0.4875
2022-11-03 2022-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 2,482,170 -722,648 -22.55 129,322 -19.54 0.4640
2022-08-10 2022-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 3,204,818 363,033 12.77 160,722 -3.35 0.4767
2022-05-09 2022-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,841,785 -333,010 -10.49 166,291 -13.62 0.3069
2022-05-09 2022-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,855,097 167,070
2022-02-08 2021-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 3,174,795 -187,432 -5.57 192,511 -6.39 0.4514
2021-11-12 2021-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 3,362,227 200,998 6.36 205,654 1.06 0.5284
2021-08-16 2021-06-30 13F/A-1 RESTAURANT BRANDS INTL COM 76131D103 3,161,229 127,030 4.19 203,488 3.17 0.5211
2021-08-11 2021-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 3,161,229 127,030 171,551 0.4816
2021-05-11 2021-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 3,034,199 241,817 8.66 197,236 15.87 0.5677
2021-02-09 2020-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,792,382 118,489 4.43 170,216 -16.76 0.4570
2020-11-12 2020-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 2,673,893 151,002 5.99 204,499 49.37 0.6074
2020-08-07 2020-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 2,522,891 -359,192 -12.46 136,910 18.82 0.4612
2020-05-08 2020-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,882,083 320,507 12.51 115,222 -29.48 0.4813
2020-02-06 2019-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 2,561,576 803,078 45.67 163,390 30.60 0.5448
2019-11-12 2019-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 1,758,498 75,438 4.48 125,104 6.87 0.4664
2019-08-12 2019-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 1,683,060 -42,444 -2.46 117,067 4.31 0.4433
2019-05-13 2019-03-31 13F/A-1 RESTAURANT BRANDS INTL COM 76131D103 1,725,504 -112,912 -6.14 112,228 16.61 0.4384
2019-05-10 2019-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 1,725,504 -112,912 112,228
2019-02-12 2018-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 1,838,416 246,187 15.46 96,239 2.26 0.4354
2018-11-13 2018-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 1,592,229 -34,615 -2.13 94,114 -4.11 0.3737
2018-08-02 2018-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 1,626,844 126,384 8.42 98,143 15.10 0.4236
2018-05-11 2018-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 1,500,460 228,934 18.00 85,269 8.72 0.4060
2018-02-09 2017-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 1,271,526 -66,107 -4.94 78,431 -8.18 0.3730
2017-11-13 2017-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 1,337,633 -710 -0.05 85,419 2.19 0.4075
2017-08-10 2017-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 1,338,343 1,108,231 481.61 83,591 552.34 0.4075
2017-05-15 2017-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 230,112 224,067 3,706.65 12,814 4,364.81 0.0677
2017-02-14 2016-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 6,045 -499,947 -98.81 287 -98.73 0.0016
2016-11-15 2016-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 505,992 -364,697 -41.89 22,567 -37.45 0.1256
2016-08-15 2016-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 870,689 800,431 1,139.27 36,078 1,221.05 0.2020
2016-05-13 2016-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 70,258 -2,153 -2.97 2,731 0.77 0.0201
2016-02-16 2015-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 72,411 6,658 10.13 2,710 14.93 0.0209
2015-11-17 2015-09-30 13F RESTAURANT BRANDS INTL COM 76131D103 65,753 900 1.39 2,358 -5.19 0.0196
2015-08-17 2015-06-30 13F RESTAURANT BRANDS INTL COM 76131D103 64,853 -413 -0.63 2,487 -0.80 0.0153
2015-05-12 2015-03-31 13F RESTAURANT BRANDS INTL COM 76131D103 65,266 -20,300 -23.72 2,507 -24.94 0.0187
2015-02-17 2014-12-31 13F RESTAURANT BRANDS INTL COM 76131D103 85,566 85,566 3,340 0.0244
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.