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$QSR
$73.99 +$0.00 (0.0%) After hours

Ownership

13F as of Q2 2026 · 348.0M shares outstanding

Who owns QSR?

By type of holder
Institutions 92.6% Insiders 1.3% Everyone else 6.1%
Concentration Top 10 holders own 72.9%
3G Restaurant Brands Holdings General Partner Ltd. 27.1% · Capital World Investors 12.6%
Institutional ownership
92.6%
+5.7 pts vs last qtr
Institutional holders
576
+28 vs last qtr
Net shares bought
+19.8M
by institutions in Q2 2026
New / sold out
85 / 57
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • Pershing Square Inc. NEW +25.8M
  • BlackRock, Inc. +7.2M

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Biggest sellers in Q2 2026
  • Pershing Square Capital Management, L.P. SOLD OUT −22.6M
  • Morgan Stanley −2.5M

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Who is planning to sell?

Notices of proposed sale, last 12 months
$39.9M
13 notices from 9 people
Shares covered
523.2K
0.15% of the company
Arranged in advance
0%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$14.6M$29.2MNovDec 2025: $825.4K without a planDecJanFebMar 2026: $29.2M without a planMarAprMayJunJulAug 2026: $5.2M without a planAugSep 2026: $4.7M without a planSepOct
Largest proposed sellers
  • Joshua Kobza Officer $15.4M
  • Sami Siddiqui Officer $5.99M

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Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025
−2.8%
−0.31% a year
Each share's claim on the business
+2.8%
grew without buying or selling a share
Spent on buybacks vs paid in stock
$1.38B vs $1.04B
over 10 fiscal years
Diluted shares, split-adjusted
440.4M461.1M481.8M2016: 470.0M shares'162017: 477.0M shares'172018: 473.0M shares'182019: 469.0M shares'192020: 468.0M shares'202021: 464.0M shares'212022: 455.0M shares'222023: 456.0M shares'232024: 454.0M shares'242025: 457.0M shares'25
Buybacks Stock-based comp
$0$275.5M$551.0M2016 buybacks: $02016 stock comp: $35.0M'162017 buybacks: $02017 stock comp: $48.0M'172018 buybacks: $02018 stock comp: $48.0M'182019 buybacks: $02019 stock comp: $74.0M'192020 buybacks: $02020 stock comp: $84.0M'202021 buybacks: $551.0M2021 stock comp: $102.0M'212022 buybacks: $326.0M2022 stock comp: $136.0M'222023 buybacks: $500.0M2023 stock comp: $194.0M'232024 buybacks: $02024 stock comp: $172.0M'242025 buybacks: $02025 stock comp: $151.0M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years71% 3–5 years5% 1–3 years6% Under 1 year17%
Quarterly turnover
17.1%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting QSR on Form 13F
CW
Capital World Investors
Shares
43.9M
% of company
12.60%
Change vs last qtr
+1.0M (+2.3%)
Held since
≤2021
PS
Pershing Square Inc.
Shares
25.8M
% of company
7.42%
Change vs last qtr
NEW
Held since
Q2 '26

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Institutional Funds

Mutual funds and ETFs reporting QSR on Form N-PORT; together they hold 25.7% of the company
NP
New Perspective Fund
Position value
$848M
% of company
3.36%
% of the fund
0.50%
As of
June 30, 2026
AF
American Funds Fundamental Investors
Position value
$711M
% of company
2.82%
% of the fund
0.39%
As of
June 30, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
3R
3G Restaurant Brands Holdings General Partner Ltd.
5%+ holder13D · 21.3%
Shares
94.4M
% of company
27.12%
Change vs last qtr
—
Held since
—
KJ
Kobza Joshua
Insider
Shares
960.8K
% of company
0.28%
Change vs last qtr
—
Held since
—

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