Current position

Seth Klarman’s Restaurant Brands Intl Inc (QSR) position

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

Baupost GroupVerified through Q2 2026
Relationship snapshot

At a glance

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

First reportedQ3 2024Earliest verified positive filing snapshot
Latest statusCurrent positionBased on the latest supported relationship state
Peak shares8.25MHighest verified quarter-end share count
Quarters reported8Verified quarters with shares above zero
What happened?

Baupost Group first reported Restaurant Brands Intl Inc in Q3 2024. The reported position was increased and reduced across later filings. Baupost Group currently reports 6.75M shares. The latest verified filing showed: Sold 16.4% of the position.

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
Sold 16.4% of the position−1.33M shares · 6.75M shares remained
Filing context

Quarter-end price $72.50 · Estimated holding basis $64.87

Q4 2025
Sold 2.1% of the position−172.75K shares · 8.08M shares remained
Filing context

Quarter-end price $68.23 · Estimated holding basis $64.87

Q3 2025
Bought 103.8% more+4.20M shares · 8.25M shares reported after the change
Filing context

Quarter-end price $64.14 · Estimated holding basis $64.87

Q2 2025
Bought 4.2% more+163.00K shares · 4.05M shares reported after the change
Filing context

Quarter-end price $66.29 · Estimated holding basis $65.63

Q1 2025
Bought 33.9% more+984.86K shares · 3.89M shares reported after the change
Filing context

Quarter-end price $66.64 · Estimated holding basis $65.60

Q4 2024
Bought 10,155.5% more+2.87M shares · 2.90M shares reported after the change
Filing context

Quarter-end price $65.18 · Estimated holding basis $65.25

1 unchanged quarter is collapsed by default.

Portfolio importance

How important is Restaurant Brands Intl Inc in Baupost Group’s reported portfolio?

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

Current portfolio weight9.0%Q2 2026
Current rank#3of 23 reported positions
Peak portfolio weight11.7%Q1 2026
Best historical rank#1Q3 2025
At peak importanceQ1 2026
QSR
11.7%
Largest holding
12.7%
Cross-investor discovery

Who else owns Restaurant Brands Intl Inc?

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

Bill AckmanPershing Square Capital Management
QSR9.6% 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$72.50Q2 2026

Derived from validated reported value and shares where supported.

Estimated holding basis$64.87Historical reference — not actual purchase price

Calculated from supported filing history.

Latest verified investor filingQ2 2026 · filed 2026-08-13
Open SEC filing ↗

This tracker follows Baupost Group LLC/MA’s Form 13F disclosures—not Seth Klarman’s personal brokerage account. Form 13F reports quarter-end U.S.-listed positions and certain options, but it does not reveal exact trade dates, execution prices, short positions or the purpose of an option position.