L3VLUP
Quarter end
31 Mar 2026
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 12 May 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
91
filed both Q4 2025 and Q1 2026; 10 listed it in both
Shares listed
92,683,354
combined, among listed positions
Reported value
$6.8bn
combined, at the quarter end

AllianceBernstein LP. Values in this filing are at the previous quarter end's prices; its share count is the quarter end's.

Among the 91 comparable managers: 14 buyers (opened or added shares) and 15 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +70,966.

Managers listing QSR in Q1 2026

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Capital World Investors42,858,035$3.2bn0.43%Trimmed-667,53513 May 2026 (the filing on sec.gov)
Pershing Square Capital Management LP22,645,483$1.7bn12.20%Trimmed-221,29015 May 2026 (the filing on sec.gov)
Fidelity (FMR LLC)8,257,855$611munder 0.1%Added+315,87115 May 2026 (the filing on sec.gov)
Baupost Group LLC8,080,112$597m11.67%Held014 May 2026 (the filing on sec.gov)
Invesco Ltd3,543,002$262munder 0.1%Added+73,02312 May 2026 (the filing on sec.gov)
Capital Research Global Investors2,508,986$185munder 0.1%Added+468,86113 May 2026 (the filing on sec.gov)
Citadel Advisors LLC2,077,208$154munder 0.1%Added+888,96215 May 2026 (the filing on sec.gov)
Janus Henderson Group Ltd431,417$32munder 0.1%Added+54918 May 2026 (the filing on sec.gov)
Woodline Partners LP378,893$28m0.11%Trimmed-27,59415 May 2026 (the filing on sec.gov)
Man Group PLC307,326$23munder 0.1%Trimmed-54,58615 May 2026 (the filing on sec.gov)
Point72 Asset Management LP246,090$18munder 0.1%Newnew15 May 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc189,926$14munder 0.1%Added+28,70415 May 2026 (the filing on sec.gov)
Soroban Capital Partners LP172,015$13munder 0.1%Trimmed-127,98515 May 2026 (the filing on sec.gov)
Squarepoint Ops LLC166,671$12munder 0.1%Trimmed-403,04615 May 2026 (the filing on sec.gov)
AllianceBernstein LP148,799$10munder 0.1%Added+2,44615 May 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP126,416$9.3munder 0.1%Newnew13 May 2026 (the filing on sec.gov)
Millennium Management LLC125,511$9.3munder 0.1%Trimmed-367,95715 May 2026 (the filing on sec.gov)
Bridgewater Associates LP104,956$7.8munder 0.1%Added+24,78315 May 2026 (the filing on sec.gov)
D. E. Shaw & Co.84,600$6.3munder 0.1%Trimmed-202,36015 May 2026 (the filing on sec.gov)
Verition Fund Management LLC63,684$4.7munder 0.1%Trimmed-75,02315 May 2026 (the filing on sec.gov)
Wellington Management Group LLP41,013$3.0munder 0.1%Added+6,73715 May 2026 (the filing on sec.gov)
AQR Capital Management LLC40,052$3.0munder 0.1%Trimmed-22,34215 May 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC32,090$2.4munder 0.1%Trimmed-9,10815 May 2026 (the filing on sec.gov)
Neuberger Berman Group LLC23,543$1.8munder 0.1%Added+1,33327 Oct 2026 (the filing on sec.gov)
Jane Street Group LLC17,616$1.3munder 0.1%Trimmed-26512 May 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q4 2025 to Q1 2026, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
13 in Q3 2024 to 8 in Q2 2026

Tracked managers listing it, at least.

0102030201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
QSR by quarter
QuarterHoldersReported valueBuyersSellers
Q4 201414$2.8bnn.a.n.a.
Q1 20159$2.4bnn.a.n.a.
Q2 20159$2.5bnn.a.n.a.
Q3 20157$2.4bnn.a.n.a.
Q4 201510$2.9bnn.a.n.a.
Q1 201612$2.8bnn.a.n.a.
Q2 201612$3.0bnn.a.n.a.
Q3 201612$3.2bnn.a.n.a.
Q4 201615$3.4bnn.a.n.a.
Q1 201713$4.0bnn.a.n.a.
Q2 201712$4.5bnn.a.n.a.
Q3 201720$5.0bnn.a.n.a.
Q4 201722$5.0bnn.a.n.a.
Q1 201820$4.2bnn.a.n.a.
Q2 201823$3.9bnn.a.n.a.
Q3 201816$3.6bnn.a.n.a.
Q4 201819$3.1bnn.a.n.a.
Q1 201919$4.1bnn.a.n.a.
Q2 201916$3.9bnn.a.n.a.
Q3 201929$6.1bnn.a.n.a.
Q4 201924$4.6bnn.a.n.a.
Q1 202015$2.5bnn.a.n.a.
Q2 202013$3.0bnn.a.n.a.
Q3 20209$3.6bnn.a.n.a.
Q4 20207$3.9bnn.a.n.a.
Q1 20218$4.1bnn.a.n.a.
Q2 20217$4.3bnn.a.n.a.
Q3 20217$4.1bnn.a.n.a.
Q4 20216$4.2bnn.a.n.a.
Q1 20227$4.0bnn.a.n.a.
Q2 202210$3.5bnn.a.n.a.
Q3 202214$3.9bnn.a.n.a.
Q4 202216$5.4bnn.a.n.a.
Q1 202313$6.2bnn.a.n.a.
Q2 202316$7.4bnn.a.n.a.
Q3 202311$6.2bnn.a.n.a.
Q4 202313$7.6bn84
Q1 202411$8.1bn65
Q2 202414$7.2bn88
Q3 202413$7.2bn68
Q4 202415$6.1bn85
Q1 202514$6.0bn58
Q2 202512$5.6bn84
Q3 202511$5.4bn57
Q4 202511$5.9bn1519
Q1 202610$6.3bn1415
Q2 20268$6.4bn1713

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

QSR and AMZN →QSR and TSLA →QSR and HD →Choose a stock to compare with QSR →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own QSR, latest filings →Back to the 13F Explorer →