Free · no sign-up · Q2 2026

Which funds own QSR

Restaurant Brands Intl Inc in the Q2 2026 filings. At least 3 of the 91 current managers on file reported a position, worth $5.5bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 3; at least, of 91 current
Combined value: $5.5bn; as reported
Opened: 0; new this quarter
Added to: 2; already held
Trimmed or sold out: 4; 3 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Capital World Investors Long-only · $846bn book	$3.2bn	0.4%	43,862,952	+$13m+1,004,917	Added
Pershing Square Capital Management LP Activist · $19.5bn book	$1.9bn	9.6%	25,821,284	+$199m+3,175,801	Added
Baupost Group LLC Activist · $5.4bn book	$490m	9.0%	6,753,112	-$108m-1,327,000	Trimmed

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Man Group PLC · Quantitative$23m held before
Soroban Capital Partners LP · Long/short equity$13m held before
Hudson Bay Capital Management LP · Multi-strategy$9.3m held before

Ownership through time

At least 8 of the 95 managers whose filings are on file listed QSR in Q2 2026, against 14 in Q4 2014. 2 managers fewer than in Q1 2026: 1 started a position; 2 sold out, by their own filings; 1 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Moore Capital Management LP$5.7m

Largest increases, by shares

Pershing Square Capital Management LP22,645,483 to 25,821,284 shares+$230m
Capital World Investors42,858,035 to 43,862,952 shares+$73m
Fidelity (FMR LLC)8,257,855 to 8,417,025 shares+$12m
Moore Capital Management LPnew: 78,801 shares+$5.7m
Capital Research Global Investors2,508,986 to 2,514,299 shares+$385k

Largest decreases, by shares

Baupost Group LLC8,080,112 to 6,753,112 shares-$96m
Woodline Partners LP378,893 to 201,505 shares-$13m
Bridgewater Associates LP104,956 to 93,449 shares-$834k

Left it

Man Group PLCwas $23m
Soroban Capital Partners LPwas $13m

Manager	First listed	Largest	Q2 2026
Capital World Investors	Q2 2018	$3.4bn	$3.2bn
Pershing Square Capital Management LP	Q4 2014	$2.4bn	$1.9bn
Fidelity (FMR LLC)	Q4 2014	$969m	$610m
Baupost Group LLC	Q3 2024	$597m	$490m
Capital Research Global Investors	Q4 2015	$1.9bn	$182m
Woodline Partners LP	Q2 2023	$63m	$15m
Bridgewater Associates LP	Q2 2017	$52m	$6.8m
Moore Capital Management LP	Q1 2016	$25m	$5.7m
T. Rowe Price Associates Inc	Q3 2017	$1.3bn	last listed Q4 2019
Berkshire Hathaway Inc	Q4 2014	$600m	last listed Q1 2020
Harris Associates LP	Q4 2020	$343m	last listed Q2 2023
Citadel Advisors LLC	Q2 2017	$314m	last listed Q1 2025
Millennium Management LLC	Q4 2014	$276m	last listed Q2 2020
Steadfast Capital Management LP	Q2 2018	$271m	last listed Q4 2019
Two Sigma Advisers LP	Q4 2014	$250m	last listed Q3 2020
Tiger Global Management LLC	Q4 2014	$239m	last listed Q1 2019
Baillie Gifford & Co	Q4 2014	$219m	last listed Q2 2018
Two Sigma Investments LP	Q4 2015	$210m	last listed Q3 2021

What QSR is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around QSR →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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