Current position

Bill Ackman’s Restaurant Brands Intl Inc (QSR) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Pershing Square Capital ManagementVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ4 2014Earliest verified positive filing snapshot
Latest statusCurrent positionBased on the latest supported relationship state
Peak shares39.15MHighest verified quarter-end share count
Quarters reported47Verified quarters with shares above zero
What happened?

Pershing Square Capital Management first reported Restaurant Brands Intl Inc in Q4 2014. The reported position was increased and reduced across later filings. Pershing Square Capital Management currently reports 25.82M shares. The latest verified filing showed: Bought 14.0% more.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q2 2026
Bought 14.0% more+3.18M shares · 25.82M shares reported after the change
Filing context

Quarter-end price $72.51 · Estimated holding basis $48.86

Q1 2026
Sold 1.0% of the position−221.29K shares · 22.65M shares remained
Filing context

Quarter-end price $73.90 · Estimated holding basis $45.54

Q4 2025
Sold 0.2% of the position−48.72K shares · 22.87M shares remained
Filing context

Quarter-end price $68.23 · Estimated holding basis $45.54

Q3 2025
Sold 0.4% of the position−85.42K shares · 22.92M shares remained
Filing context

Quarter-end price $64.14 · Estimated holding basis $45.54

Q3 2024
Sold 0.6% of the position−141.63K shares · 23.00M shares remained
Filing context

Quarter-end price $72.12 · Estimated holding basis $45.54

Q2 2024
Sold 0.9% of the position−205.59K shares · 23.14M shares remained
Filing context

Quarter-end price $70.37 · Estimated holding basis $45.54

23 unchanged quarters are collapsed by default.

Portfolio importance

How important is Restaurant Brands Intl Inc in Pershing Square Capital Management’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Current portfolio weight9.6%Q2 2026
Current rank#6of 14 reported positions
Peak portfolio weight40.7%Q2 2017
Best historical rank#1Q2 2016
At peak importanceQ2 2017
QSR
40.7%
Largest holding
40.7%
Cross-investor discovery

Who else owns Restaurant Brands Intl Inc?

Also reported by 3 other tracked investors in their latest verified filings.

Seth KlarmanBaupost Group
QSR9.0% of reported portfolio
Joel GreenblattGotham Asset Management
QSR0.0% of reported portfolio
Ray DalioBridgewater Associates, LP
QSR0.0% of reported portfolio
Explore Restaurant Brands Intl Inc across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$72.882026-09-18

Market context only; not an investor transaction price.

Latest filing quarter-end price$72.51Q2 2026

Derived from validated reported value and shares where supported.

Estimated holding basis$48.86Historical reference — not actual purchase price

Calculated from supported filing history.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Pershing Square Capital Management’s Form 13F disclosures. It is not Bill Ackman’s personal brokerage account, and 13F filings do not reveal exact trade dates or execution prices.