Restaurant Brands International Inc.
US ˙ NYSE ˙ CA76131D1033

SecurityQSR / Restaurant Brands International Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership5,549,070 shares
Latest Disclosed Value $ 420,102,653
Geode Capital Management, Llc reports 6.37% increase in ownership of QSR / Restaurant Brands International Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 5,549,070 shares of Restaurant Brands International Inc. (US:QSR) valued at $410,076,273 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 5,216,985 shares of Restaurant Brands International Inc.. This represents a change in shares of 6.37% during the quarter. The current value of the position is $403,195,426 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)
2026-05-15 2026-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 5,549,070 332,085 6.37 420,103 15.01 0.0140
2026-02-09 2025-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 5,216,985 295,935 6.01 365,279 13.11 0.0225
2025-11-12 2025-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 4,921,050 625,000 14.55 322,952 12.85 0.0206
2025-08-08 2025-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 4,296,050 2,277,694 112.85 286,172 110.43 0.0201
2025-05-13 2025-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 2,018,356 170,551 9.23 135,992 10.44 0.0107
2025-02-12 2024-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 1,847,805 467,958 33.91 123,137 21.82 0.0095
2024-11-12 2024-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 1,379,847 126,600 10.10 101,085 13.13 0.0082
2024-08-09 2024-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 1,253,247 73,030 6.19 89,356 -5.53 0.0078
2024-05-13 2024-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 1,180,217 94,730 8.73 94,586 10.99 0.0087
2024-02-13 2023-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 1,085,487 20,513 1.93 85,225 19.77 0.0089
2023-11-13 2023-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 1,064,974 12,729 1.21 71,156 -13.78 0.0085
2023-08-11 2023-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 1,052,245 72,111 7.36 82,525 23.83 0.0097
2023-05-15 2023-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 980,134 58,098 6.30 66,647 112,859.32 0.0087
2023-02-13 2022-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 922,036 -12,825 -1.37 60 -99.88 0.0084
2022-11-14 2022-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 934,861 64,958 7.47 49,975 14.64 0.0076
2022-08-12 2022-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 869,903 69,946 8.74 43,592 -6.41 0.0064
2022-05-13 2022-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 799,957 -2,165 -0.27 46,576 -3.85 0.0058
2022-02-11 2021-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 802,122 72,707 9.97 48,439 8.92 0.0058
2021-11-12 2021-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 729,415 74,134 11.31 44,472 5.87 0.0060
2021-08-13 2021-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 655,281 43,997 7.20 42,006 6.25 0.0058
2021-05-12 2021-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 611,284 86,664 16.52 39,536 23.87 0.0060
2021-02-12 2020-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 524,620 32,211 6.54 31,917 13.18 0.0054
2020-11-13 2020-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 492,409 10,728 2.23 28,199 7.76 0.0055
2020-08-13 2020-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 481,681 34,803 7.79 26,168 46.04 0.0056
2020-05-14 2020-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 446,878 76,192 20.55 17,918 -23.72 0.0047
2020-02-20 2019-12-31 13F/A-1 RESTAURANT BRANDS INTERN COM 76131D103 370,686 79,312 27.22 23,491 13.85 0.0049
2020-02-13 2019-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 370,686 79,312 23,491 2,993.7220
2019-11-12 2019-09-30 13F RESTAURANT BRANDS INTERN COMSTK 76131D103 291,374 272,756 1,465.01 20,633 1,494.51 0.0048
2019-08-14 2019-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 18,618 8,993 93.43 1,294 106.71 0.0003
2019-05-14 2019-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 9,625 1,200 14.24 626 42.27 0.0002
2019-03-06 2018-12-31 13F/A-1 RESTAURANT BRANDS INTERN COM 76131D103 8,425 -222 -2.57 440 -14.06 0.0001
2019-02-13 2018-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 8,425 -222 440
2018-11-13 2018-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 8,647 -476 -5.22 512 -6.91 0.0001
2018-08-14 2018-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 9,123 -132,311 -93.55 550 -93.07 0.0002
2018-05-15 2018-03-31 13F RESTAURANT BRANDS INTERN COM 76131D103 141,434 133,199 1,617.47 7,942 1,469.57 0.0026
2018-02-13 2017-12-31 13F RESTAURANT BRANDS INTERN COM 76131D103 8,235 0 0.00 506 -3.80 0.0002
2017-11-14 2017-09-30 13F RESTAURANT BRANDS INTERN COM 76131D103 8,235 175 2.17 526 4.37 0.0002
2017-08-14 2017-06-30 13F RESTAURANT BRANDS INTERN COM 76131D103 8,060 0 0.00 504 12.25 0.0002
2017-06-21 2017-03-31 13F/A-1 RESTAURANT BRANDS INT COM 76131D103 8,060 67 0.84 449 18.16 0.0002
2017-05-12 2017-03-31 13F RESTAURANT BRANDS INT COM 76131D103 8,060 449
2017-02-14 2016-12-31 13F RESTAURANT BRANDS INT COM 76131D103 7,993 658 8.97 380 16.56 0.0002
2016-11-10 2016-09-30 13F RESTAURANT BRANDS INT COM 76131D103 7,335 0 0.00 326 6.89 0.0002
2016-08-12 2016-06-30 13F RESTAURANT BRANDS INT COM 76131D103 7,335 -1,052 -12.54 305 -6.15 0.0002
2016-05-13 2016-03-31 13F RESTAURANT BRANDS INT COM 76131D103 8,387 2,817 50.57 325 56.25 0.0002
2016-02-12 2015-12-31 13F RESTAURANT BRANDS INT COM 76131D103 5,570 -1,919 -25.62 208 -22.68 0.0001
2015-11-13 2015-09-30 13F RESTAURANT BRANDS INT COM 76131D103 7,489 1,711 29.61 269 22.27 0.0002
2015-08-14 2015-06-30 13F RESTAURANT BRANDS INT COM 76131D103 5,778 -80,652 -93.31 220 -93.37 0.0001
2015-05-14 2015-03-31 13F RESTAURANT BRANDS INT COM 76131D103 86,430 -2,088 -2.36 3,316 -4.19 0.0019
2015-02-12 2014-12-31 13F RESTAURANT BRANDS INT COM 76131D103 88,518 88,518 3,461 0.0021
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.