QSRNYSERetail-Eating PlacesFiscal year ends December 31
Restaurant Brands International Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$74.34−0.47 (-0.63%)
Close on Oct 19, 2026
- Market cap
- $34.20B
- P/E (TTM)
- 20.5
- Dividend yield
- 3.34%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
70.9%
322M of 455M shares
Institutional holders
577
86 new, 51 sold out
Net institutional buying
43M
In Q2 2026
Insider trades, 12 months
0 buys · 63 sales
Net sold $55.74M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| 3G Restaurant Brands Holdings LP | 94,373,170 | 21.30% | 13D (active) amendment | Aug 10, 2026 |
| Capital World Investors | 42,717,211 | 13.40% | 13G (passive) amendment | Dec 29, 2023 |
| Pershing Square Inc. | 27,136,716 | 7.80% | 13D (active) amendment | May 6, 2026 |
| BlackRock, Inc. | 22,790,938 | 7.00% | 13G (passive) amendment | Dec 31, 2025 |
| 3G Restaurant Brands Holdings General Partner Ltd. | 116,784,472 | 26.27% | 13D (active) amendment | Nov 13, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of QSR | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Capital World Investors | 43,862,952 | 9.65% | $3.18B | +1,004,917 | 0.38% |
| Pershing Square Holdco, L.P. | 25,821,284 | 5.68% | $1.87B | New | 9.62% |
| Royal Bank of Canada | 20,236,317 | 4.45% | $1.47B | +1,850,185 | 0.22% |
| EdgePoint Investment Group Inc. | 17,171,552 | 3.78% | $1.24B | −2,176,585 | 9.40% |
| BlackRock, Inc. | 15,228,770 | 3.35% | $1.10B | +7,239,262 | 0.02% |
| Bank Of Montreal /Can/ | 11,295,632 | 2.49% | $818.49M | +2,283,680 | 0.27% |
| Vanguard Capital Management LLC | 10,489,509 | 2.31% | $760.84M | +178,393 | 0.02% |
| FMR LLC | 8,417,025 | 1.85% | $610.49M | +159,170 | 0.03% |
| Goldman Sachs Group Inc | 7,310,590 | 1.61% | $530.09M | +197,151 | 0.05% |
| Baupost Group LLC/Ma | 6,753,112 | 1.49% | $489.61K | −1,327,000 | 9.04% |
| Fiera Capital Corp | 6,168,961 | 1.36% | $446.65M | −523,260 | 1.62% |
| Cibc World Market Inc. | 6,106,449 | 1.34% | $442.78M | −653,743 | 0.71% |
| Geode Capital Management, LLC | 5,854,909 | 1.29% | $436.08M | +305,839 | 0.02% |
| Morgan Stanley | 4,844,426 | 1.07% | $351.27M | −2,477,176 | 0.02% |
| Bank Of America Corp /De/ | 4,769,956 | 1.05% | $345.87M | −162,706 | 0.02% |
| Beutel, Goodman & Co Ltd. | 4,424,521 | 0.97% | $320.81K | −673,889 | 2.36% |
| Canada Pension Plan Investment Board | 4,224,874 | 0.93% | $306.14M | +1,284,496 | 0.17% |
| TD Asset Management Inc | 4,160,083 | 0.92% | $301.64M | −1,478,480 | 0.26% |
| Platinum Paramount Investment Ltd. | 4,118,904 | 0.91% | $298.66M | – | 42.44% |
| Norges Bank | 3,821,569 | 0.84% | $276.98M | New | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 577 | 322M | 70.9% | 86 / 239 | 164 / 51 | 62M | 19M |
| Q1 2026 | 549 | 302M | 66.5% | 103 / 232 | 134 / 54 | 50M | 25M |
| Q4 2025 | 505 | 294M | 64.6% | 93 / 199 | 137 / 43 | 32M | 24M |
| Q3 2025 | 464 | 292M | 64.2% | 65 / 182 | 148 / 52 | 27M | 41M |
| Q2 2025 | 454 | 306M | 67.4% | 65 / 169 | 145 / 64 | 53M | 25M |
| Q1 2025 | 458 | 278M | 61.3% | 75 / 171 | 145 / 57 | 35M | 29M |
| Q4 2024 | 449 | 272M | 59.9% | 47 / 157 | 159 / 55 | 28M | 31M |
| Q3 2024 | 463 | 275M | 60.5% | 70 / 151 | 161 / 45 | 25M | 21M |
| Q2 2024 | 444 | 271M | 59.6% | 47 / 146 | 169 / 60 | 25M | 16M |
| Q1 2024 | 461 | 262M | 57.7% | 43 / 158 | 174 / 41 | 17M | 17M |
| Q4 2023 | 464 | 263M | 57.9% | 69 / 157 | 155 / 40 | 18M | 17M |
| Q3 2023 | 438 | 263M | 57.8% | 56 / 157 | 143 / 44 | 14M | 12M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of QSR | Value | % of fund | As of |
|---|---|---|---|---|---|
| New Perspective Fund | 11,694,954 | 2.57% | $848.00M | 0.50% | Jun 30, 2026 |
| American Funds Fundamental Investors | 9,809,955 | 2.16% | $711.32M | 0.39% | Jun 30, 2026 |
| Income Fund of America | 8,176,037 | 1.80% | $605.19M | 0.41% | Jul 31, 2026 |
| American Balanced Fund | 6,668,873 | 1.47% | $483.56M | 0.17% | Jun 30, 2026 |
| Vanguard Total International Stock Index Fund | 5,038,777 | 1.11% | $522.42M | 0.06% | Jul 31, 2026 |
| BlackRock Equity Dividend Fund | 3,555,202 | 0.78% | $263.16M | 1.29% | Jul 31, 2026 |
| Vanguard Developed Markets Index Fund | 3,347,366 | 0.74% | $344.34M | 0.08% | Jun 30, 2026 |
| Capital Income Builder | 2,445,509 | 0.54% | $181.02M | 0.14% | Jul 31, 2026 |
| Fidelity Series Canada Fund | 2,071,571 | 0.46% | $109.29M | 1.50% | Jul 31, 2026 |
| Invesco Comstock Fund | 2,071,220 | 0.46% | $109.27M | 1.02% | Jul 31, 2026 |
| Fidelity SAI Canada Equity Index Fund | 1,659,862 | 0.37% | $87.57M | 0.77% | Jul 31, 2026 |
| iShares Russell Mid-Cap ETF | 1,411,655 | 0.31% | $102.36M | 0.18% | Jun 30, 2026 |
| Fidelity Mid Cap Index Fund | 1,299,384 | 0.29% | $96.18M | 0.18% | Jul 31, 2026 |
| iShares Russell Mid-Cap Growth ETF | 1,159,954 | 0.26% | $84.11M | 0.39% | Jun 30, 2026 |
| JPMorgan BetaBuilders Canada ETF | 1,150,328 | 0.25% | $60.69M | 0.78% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| J. Patrick Doyle | Executive Chairman, Director | 693,855 | 0.15% | Jul 9, 2026 |
| Axel Schwan | Pres., Tim Hortons US & Canada | 267,482 | 0.06% | Sep 9, 2026 |
| Thomas Benjamin Curtis | Pres., BK US & CA | 38,216 | 0.01% | Aug 25, 2026 |
| Jacqueline Friesner | See Remarks | 165,727 | 0.04% | Jul 9, 2026 |
| Jeffrey Housman | See Remarks | 162,077 | 0.04% | Jul 9, 2026 |
| Sami A. Siddiqui | Chief Financial Officer | 270,994 | 0.06% | Jul 9, 2026 |
| Peter Perdue | President, Popeyes-US & Canada | 43,627 | 0.01% | Jul 9, 2026 |
| Thiago T. Santelmo | President, International | 78,668 | 0.02% | Jul 9, 2026 |
| Joshua Kobza | Chief Executive Officer | 960,769 | 0.21% | Jul 9, 2026 |
| Duncan Fulton | Chief Corporate Officer | 51,217 | 0.01% | Jul 9, 2026 |
| Jill Granat | See Remarks | 479,845 | 0.11% | Jul 9, 2026 |
| Jeffrey W. Klein | President, Popeyes-US & Canada | 20,763 | 0.00% | Oct 9, 2025 |
| Marcia Marie Smith | Director | – | – | Jun 8, 2026 |
| Alexandre Behring | Director | 282,688 | 0.06% | Jan 5, 2026 |
| Daniel S. Schwartz | Director | 866,849 | 0.19% | Jan 5, 2026 |
| Ali Hedayat | Director | 21,871 | 0.00% | Jan 5, 2026 |
| Limburg Stirum Maximilien de | Director | 10,804 | 0.00% | Jan 5, 2026 |
| Jason Melbourne | Director | 10,568 | 0.00% | Jan 5, 2026 |
| Marc Lemann | Director | 21,708 | 0.00% | Jan 5, 2026 |
| Thecla Sweeney | Director | 7,649 | 0.00% | Jan 5, 2026 |
| Cristina Farjallat | Director | 5,029 | 0.00% | Jan 5, 2026 |
| Jordana Fribourg | Director | 4,025 | 0.00% | Jan 5, 2026 |
| Restaurant Brands Holdings LP 3G | 10% owner | 17,626,570 | 3.88% | Aug 12, 2026 |
| Restaurant Brands Holdings General Partner Ltd. 3G | 10% owner | 0 | – | Aug 12, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Axel Schwan Pres., Tim Hortons US & Canada | Sep 4, 2026 | Option exercise | +30,000 | $64.75 | $1.94M | 267,482 |
| Axel Schwan Pres., Tim Hortons US & Canada | Sep 4, 2026 | Option exercise | +40,000 | $58.44 | $2.34M | 237,482 |
| Axel Schwan Pres., Tim Hortons US & Canada | Sep 4, 2026 | Sale | −57,574 | $81.14 | $4.67M | 209,908 |
| Thomas Benjamin Curtis Pres., BK US & CA | Aug 21, 2026 | Sale | −64,000 | $80.72 | $5.17M | 38,216 |
| Jeffrey Housman See Remarks | Mar 20, 2026 | Sale | −20,000 | $73.48 | $1.47M | 162,077 |
| Jeffrey Housman See Remarks | Mar 20, 2026 | Option exercise | +20,000 | $55.55 | $1.11M | 182,077 |
| Jill Granat See Remarks | Mar 18, 2026 | Option exercise | +25,000 | $56.92 | $1.42M | 503,845 |
| Jill Granat See Remarks | Mar 18, 2026 | Sale | −25,000 | $75.09 | $1.88M | 478,845 |
| Joshua Kobza Chief Executive Officer | Mar 18, 2026 | Option exercise | +200,000 | $56.92 | $11.38M | 1,160,769 |
| Joshua Kobza Chief Executive Officer | Mar 18, 2026 | Sale | −200,000 | $75.05 | $15.01M | 960,769 |
| Thiago T. Santelmo President, International | Mar 17, 2026 | Sale | −10,000 | $75.41 | $754.10K | 78,560 |
| Thiago T. Santelmo President, International | Mar 17, 2026 | Option exercise | +10,000 | $55.55 | $555.50K | 88,560 |
| Sami A. Siddiqui Chief Financial Officer | Mar 17, 2026 | Sale | −40,000 | $75.28 | $3.01M | 12,139 |
| Sami A. Siddiqui Chief Financial Officer | Mar 17, 2026 | Option exercise | +40,000 | $55.55 | $2.22M | 75,766 |
| Jacqueline Friesner See Remarks | Mar 16, 2026 | Sale | −30,000 | $74.61 | $2.24M | 165,727 |
| Jill Granat See Remarks | Mar 16, 2026 | Sale | −25,000 | $74.76 | $1.87M | 478,845 |
| Jill Granat See Remarks | Mar 16, 2026 | Option exercise | +25,000 | $56.92 | $1.42M | 503,845 |
| Sami A. Siddiqui Chief Financial Officer | Mar 16, 2026 | Sale | −40,000 | $74.51 | $2.98M | 35,766 |
| Sami A. Siddiqui Chief Financial Officer | Mar 16, 2026 | Option exercise | +40,000 | $55.55 | $2.22M | 75,766 |
| Jill Granat See Remarks | Feb 25, 2026 | Award | +3,719 | $68.81 | $255.90K | 479,845 |
| Thiago T. Santelmo President, International | Feb 25, 2026 | Award | +4,601 | $68.81 | $316.59K | 78,668 |
| Peter Perdue President, Popeyes-US & Canada | Feb 25, 2026 | Award | +721 | $68.81 | $49.61K | 43,627 |
| Thomas Benjamin Curtis Pres., BK US & CA | Feb 25, 2026 | Award | +2,055 | $68.81 | $141.40K | 102,216 |
| Thiago T. Santelmo President, International | Feb 25, 2026 | Award | +4,493 | $68.81 | $309.16K | 78,560 |
| Axel Schwan Pres., Tim Hortons Americas | Feb 25, 2026 | Award | +2,498 | $68.81 | $171.89K | 197,482 |
| Jacqueline Friesner See Remarks | Feb 25, 2026 | Award | +1,526 | $68.81 | $105.00K | 195,727 |
| Sami A. Siddiqui Chief Financial Officer | Feb 25, 2026 | Award | +3,843 | $68.81 | $264.44K | 35,766 |
| Duncan Fulton Chief Corporate Officer | Feb 25, 2026 | Award | +1,540 | $68.78 | $105.92K | 51,217 |
| Joshua Kobza Chief Executive Officer | Feb 25, 2026 | Award | +8,149 | $68.81 | $560.73K | 960,769 |
| Jeffrey Housman See Remarks | Feb 25, 2026 | Award | +2,115 | $68.81 | $145.53K | 162,077 |
| Jill Granat See Remarks | Feb 25, 2026 | Award | +2,719 | $68.81 | $187.09K | 478,845 |
| Sami A. Siddiqui Chief Financial Officer | Feb 23, 2026 | Sale | −12,828.01 | $67.51 | $866.02K | 31,923 |
| Jacqueline Friesner See Remarks | Feb 23, 2026 | Sale | −4,616.76 | $67.51 | $311.68K | 194,201 |
| Thomas Benjamin Curtis Pres., BK US & CA | Feb 23, 2026 | Sale | −15,410.21 | $67.51 | $1.04M | 100,161 |
| Jeffrey Housman See Remarks | Feb 23, 2026 | Sale | −7,705.11 | $67.51 | $520.17K | 159,962 |
| Duncan Fulton Chief Corporate Officer | Feb 23, 2026 | Sale | −10,307.94 | $67.51 | $695.89K | 49,677 |
| Thiago T. Santelmo President, International | Feb 23, 2026 | Sale | −5,686.31 | $67.51 | $383.88K | 74,067 |
| Jill Granat See Remarks | Feb 23, 2026 | Sale | −11,524.98 | $67.51 | $778.05K | 476,126 |
| Axel Schwan Pres., Tim Hortons Americas | Feb 23, 2026 | Sale | −34,938.95 | $67.51 | $2.36M | 194,984 |
| Peter Perdue President, Popeyes-US & Canada | Feb 23, 2026 | Sale | −3,882.13 | $67.51 | $262.08K | 42,906 |
| Sami A. Siddiqui Chief Financial Officer | Feb 22, 2026 | Option exercise | +32,634.92 | – | – | 44,751 |
| Jacqueline Friesner See Remarks | Feb 22, 2026 | Option exercise | +11,748.57 | – | – | 198,817 |
| Thomas Benjamin Curtis Pres., BK US & CA | Feb 22, 2026 | Option exercise | +39,161.91 | – | – | 115,571 |
| Jeffrey Housman See Remarks | Feb 22, 2026 | Option exercise | +19,580.95 | – | – | 167,667 |
| Duncan Fulton Chief Corporate Officer | Feb 22, 2026 | Option exercise | +19,256.37 | – | – | 59,985 |
| Thiago T. Santelmo President, International | Feb 22, 2026 | Option exercise | +15,664.76 | – | – | 79,753 |
| Jill Granat See Remarks | Feb 22, 2026 | Option exercise | +29,371.43 | – | – | 487,651 |
| Axel Schwan Pres., Tim Hortons Americas | Feb 22, 2026 | Option exercise | +65,269.85 | – | – | 229,923 |
| Peter Perdue President, Popeyes-US & Canada | Feb 22, 2026 | Option exercise | +9,790.48 | – | – | 46,788 |
| Sami A. Siddiqui Chief Financial Officer | Jan 7, 2026 | Sale | −976.69 | $67.44 | $65.87K | 12,116 |
| Thomas Benjamin Curtis Pres., BK US & CA | Jan 7, 2026 | Sale | −1,171.59 | $67.44 | $79.01K | 76,410 |
| Jill Granat See Remarks | Jan 7, 2026 | Sale | −1,925.08 | $67.44 | $129.83K | 458,280 |
| Axel Schwan Pres., Tim Hortons Americas | Jan 7, 2026 | Sale | −2,186.76 | $67.44 | $147.48K | 164,653 |
| Jeffrey Housman See Remarks | Jan 7, 2026 | Sale | −1,483.44 | $67.44 | $100.04K | 148,086 |
| Joshua Kobza Chief Executive Officer | Jan 7, 2026 | Sale | −3,443.35 | $67.44 | $232.22K | 952,620 |
| Thiago T. Santelmo President, International | Jan 7, 2026 | Sale | −699.17 | $67.44 | $47.15K | 64,088 |
| Jacqueline Friesner See Remarks | Jan 7, 2026 | Sale | −815.76 | $67.44 | $55.01K | 187,069 |
| Peter Perdue President, Popeyes-US & Canada | Jan 7, 2026 | Sale | −395.66 | $67.44 | $26.68K | 36,997 |
| Duncan Fulton Chief Corporate Officer | Jan 7, 2026 | Sale | −1,775.33 | $67.48 | $119.80K | 40,728 |
| Sami A. Siddiqui Chief Financial Officer | Jan 6, 2026 | Award | +22.86 | – | – | 13,093 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Schwan Axel Officer | Sep 4, 2026 | 57,574 | $4.67M | Sep 4, 2026 | Stock Option Exercise |
| Curtis Thomas Officer | Aug 21, 2026 | 64,003 | $5.17M | Aug 21, 2026 | Restricted Stock |
| Housman Jeffrey Officer | Mar 20, 2026 | 20,000 | $1.47M | Mar 20, 2026 | Stock Option Exercise |
| Granat Jill Officer | Mar 18, 2026 | 25,000 | $1.88M | Mar 18, 2026 | Stock Option Exercise |
| Kobza Joshua Officer | Mar 18, 2026 | 200,000 | $15.01M | Mar 18, 2026 | Stock Option Exercise |
| Temer Santelmo Thiago Officer | Mar 17, 2026 | 10,000 | $754.15K | Mar 17, 2026 | Stock Option Exercise |
| Siddiqui Sami Officer | Mar 17, 2026 | 40,000 | $3.01M | Mar 17, 2026 | Stock Option Exercise |
| Siddiqui Sami Officer | Mar 16, 2026 | 40,000 | $2.98M | Mar 16, 2026 | Stock Option Exercise |
| Granat Jill Officer | Mar 16, 2026 | 25,000 | $1.87M | Mar 16, 2026 | Stock Option Exercise |
| Friesner Jacqueline Officer | Mar 16, 2026 | 30,002 | $2.24M | Mar 16, 2026 | Dividend Reinvestment Shares |
| Curtis Thomas Officer | Dec 17, 2025 | 4,250 | $299.54K | Dec 17, 2025 | Performance Shares |
| Kobza Joshua Officer | Dec 15, 2025 | 5,220 | $370.85K | Dec 15, 2025 | Restricted Stock |
| Siddiqui Sami Officer | Dec 15, 2025 | 2,200 | $155.00K | Dec 15, 2025 | RSU vest |
| Friesner Jacqueline Officer | May 23, 2025 | 70,000 | $4.91M | May 23, 2025 | Stock Option Exercise |
| Curtis Thomas Officer | Mar 19, 2025 | 23,003 | $1.57M | Mar 19, 2025 | Restricted Stock |