Restaurant Brands International Inc.
US ˙ NYSE ˙ CA76131D1033

SecurityQSR / Restaurant Brands International Inc.
InstitutionHutner Capital Management Inc
Latest Disclosed Ownership17,997 shares
Latest Disclosed Value $ 1,330,015
Hutner Capital Management Inc reports 1.17% increase in ownership of QSR / Restaurant Brands International Inc.

On May 15, 2026 - Hutner Capital Management Inc filed a 13F-HR form disclosing ownership of 17,997 shares of Restaurant Brands International Inc. (US:QSR) valued at $1,329,978 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 17,788 shares of Restaurant Brands International Inc.. This represents a change in shares of 1.17% during the quarter. The current value of the position is $1,307,662 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 Internationa COM 76131D103 17,997 209 1.17 1,330 9.65 0.5464
2026-02-17 2025-12-31 13F Restaurant Brands Internationa COM 76131D103 17,788 2,002 12.68 1,214 19.86 0.5066
2025-11-13 2025-09-30 13F Restaurant Brands Internationa COM 76131D103 15,786 -168 -1.05 1,013 -4.26 0.4283
2025-08-13 2025-06-30 13F Restaurant Brands Internationa COM 76131D103 15,954 -5,706 -26.34 1,058 -26.75 0.4811
2025-05-13 2025-03-31 13F Restaurant Brands Internationa COM 76131D103 21,660 -2,388 -9.93 1,443 -7.91 0.6160
2025-02-14 2024-12-31 13F Restaurant Brands Internationa COM 76131D103 24,048 -23 -0.10 1,567 -9.68 0.7570
2024-11-13 2024-09-30 13F Restaurant Brands Internationa COM 76131D103 24,071 -236 -0.97 1,736 1.46 0.8642
2024-08-13 2024-06-30 13F Restaurant Brands Internationa COM 76131D103 24,307 -803 -3.20 1,710 -14.29 0.9378
2024-05-10 2024-03-31 13F Restaurant Brands Internationa COM 76131D103 25,110 1,902 8.20 1,995 10.04 1.0819
2024-02-14 2023-12-31 13F Restaurant Brands Internationa COM 76131D103 23,208 -5,566 -19.34 1,813 -5.38 1.0686
2023-11-14 2023-09-30 13F Restaurant Brands Internationa COM 76131D103 28,774 92 0.32 1,917 -13.81 1.1756
2023-08-14 2023-06-30 13F Restaurant Brands Internationa COM 76131D103 28,682 3,451 13.68 2,223 31.23 1.2997
2023-05-15 2023-03-31 13F Restaurant Brands Internationa COM 76131D103 25,231 3,462 15.90 1,694 20.40 1.0310
2023-02-14 2022-12-31 13F Restaurant Brands Internationa COM 76131D103 21,769 744 3.54 1,408 25.85 0.8720
2022-11-14 2022-09-30 13F Restaurant Brands Internationa COM 76131D103 21,025 -282 -1.32 1,118 4.58 0.7818
2022-08-11 2022-06-30 13F Restaurant Brands Internationa COM 76131D103 21,307 -11,476 -35.01 1,069 -44.15 0.7014
2022-05-13 2022-03-31 13F Restaurant Brands Internationa COM 76131D103 32,783 -2,795 -7.86 1,914 -11.35 1.0921
2022-02-11 2021-12-31 13F Restaurant Brands Internationa COM 76131D103 35,578 -5,692 -13.79 2,159 -14.50 1.2605
2021-11-12 2021-09-30 13F Restaurant Brands Internationa COM 76131D103 41,270 -13,863 -25.14 2,525 -28.93 1.6522
2021-08-13 2021-06-30 13F Restaurant Brands Internationa COM 76131D103 55,133 -2,602 -4.51 3,553 -5.33 2.2743
2021-05-18 2021-03-31 13F Restaurant Brands Internationa COM 76131D103 57,735 -4,332 -6.98 3,753 -1.05 2.4614
2021-02-16 2020-12-31 13F Restaurant Brands Internationa COM 76131D103 62,067 -101 -0.16 3,793 6.10 2.6409
2020-11-13 2020-09-30 13F Restaurant Brands Internationa COM 76131D103 62,168 4,261 7.36 3,575 13.03 2.6567
2020-08-14 2020-06-30 13F Restaurant Brands Internationa COM 76131D103 57,907 3,694 6.81 3,163 45.76 2.6742
2020-05-13 2020-03-31 13F Restaurant Brands Internationa COM 76131D103 54,213 1,019 1.92 2,170 -36.03 1.9820
2020-01-30 2019-12-31 13F Restaurant Brands Internationa COM 76131D103 53,194 1,113 2.14 3,392 -8.45 2.3376
2019-11-12 2019-09-30 13F Restaurant Brands Internationa COM 76131D103 52,081 -95 -0.18 3,705 2.12 2.6220
2019-08-07 2019-06-30 13F Restaurant Brands Internationa COM 76131D103 52,176 3,650 7.52 3,628 14.81 2.5806
2019-05-10 2019-03-31 13F Restaurant Brands Internationa COM 76131D103 48,526 1,186 2.51 3,160 27.63 2.3140
2019-02-12 2018-12-31 13F Restaurant Brands Internationa COM 76131D103 47,340 1,020 2.20 2,476 -9.83 1.9324
2018-11-02 2018-09-30 13F Restaurant Brands Internationa COM 76131D103 46,320 16,955 57.74 2,746 55.14 1.9926
2018-07-06 2018-06-30 13F Restaurant Brands Internationa COM 76131D103 29,365 18,885 180.20 1,770 196.98 1.3826
2018-04-06 2018-03-31 13F Restaurant Brands Internationa COM 76131D103 10,480 190 1.85 596 -6.14 0.4644
2018-01-31 2017-12-31 13F Restaurant Brands Internationa COM 76131D103 10,290 0 0.00 635 -3.20 0.4526
2017-10-30 2017-09-30 13F Restaurant Brands Internationa COM 76131D103 10,290 0 0.00 656 2.02 0.4967
2017-08-11 2017-06-30 13F Restaurant Brands Internationa COM 76131D103 10,290 0 0.00 643 12.41 0.4957
2017-05-09 2017-03-31 13F Restaurant Brands Internationa COM 76131D103 10,290 0 0.00 572 16.50 0.4511
2017-02-15 2016-12-31 13F Restaurant Brands Internationa COM 76131D103 10,290 735 7.69 491 15.53 0.4073
2016-11-14 2016-09-30 13F Restaurant Brands Internationa COM 76131D103 9,555 9,555 425 0.3607
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.