Bill Ackman's QSR Position Overview
Bill Ackman (via Pershing Square Capital Management, L.P.) currently holds 22.87 M shares of Restaurant Brands International Inc. (QSR) worth $1.56 B, representing 10.05% of the portfolio. First purchased in 2014-Q4, this long-term strategic position has been held for 45 quarters.
Based on 13F filings since 2013, Bill Ackman has maintained a long-term strategic position in QSR, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2020, adding 10.03 M shares. Largest reduction occurred in Q3 2017, reducing 12.65 M shares.
Analysis based on 13F filings available since 2013 Q2
Bill Ackman's Restaurant Brands International (QSR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Restaurant Brands International (QSR) Trades by Bill Ackman
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -48,723 | Reduce 0.21% | 22.87 M | $68.23 |
| Q3 2025 | -85,418 | Reduce 0.37% | 22.92 M | $64.14 |
| Q3 2024 | -141,628 | Reduce 0.61% | 23 M | $72.12 |
| Q2 2024 | -205,593 | Reduce 0.88% | 23.14 M | $70.37 |
| Q2 2023 | -846,031 | Reduce 3.50% | 23.35 M | $77.52 |
| Q3 2022 | +371,525 | Add 1.56% | 24.19 M | $53.18 |
| Q2 2022 | -41,990 | Reduce 0.18% | 23.82 M | $50.15 |
| Q1 2022 | -72,617 | Reduce 0.30% | 23.86 M | $58.39 |
| Q3 2021 | +240,331 | Add 1.01% | 23.94 M | $61.19 |
| Q2 2021 | -229,735 | Reduce 0.96% | 23.7 M | $64.44 |
| Q1 2021 | -1.11 M | Reduce 4.44% | 23.93 M | $65.00 |
| Q4 2020 | -80,489 | Reduce 0.32% | 25.04 M | $61.11 |
| Q2 2020 | +10.03 M | Add 66.52% | 25.12 M | $54.63 |
| Q3 2019 | -556,761 | Reduce 3.56% | 15.08 M | $71.14 |
| Q2 2019 | -2.7 M | Reduce 14.73% | 15.64 M | $69.54 |
| Q1 2019 | -1.34 M | Reduce 6.82% | 18.34 M | $65.11 |
| Q4 2018 | -1.16 M | Reduce 5.56% | 19.69 M | $52.30 |
| Q2 2018 | -3.48 M | Reduce 14.29% | 20.84 M | $60.30 |
| Q1 2018 | -2.18 M | Reduce 8.23% | 24.32 M | $56.92 |
| Q3 2017 | -12.65 M | Reduce 32.31% | 26.5 M | $63.88 |
| Q1 2016 | +1.15 M | Add 3.02% | 39.15 M | $38.83 |
| Q4 2014 | +38 M | New Buy | 38 M | $39.04 |
Bill Ackman's Restaurant Brands International Investment FAQs
Bill Ackman first purchased Restaurant Brands International Inc. (QSR) in Q4 2014, acquiring 38,003,984 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Bill Ackman has held Restaurant Brands International Inc. (QSR) for 45 quarters since Q4 2014.
Bill Ackman's largest addition to Restaurant Brands International Inc. (QSR) was in Q4 2014, adding 38,003,984 shares worth $1.48 B.
According to the latest 13F filing for Q4 2025, Bill Ackman's firm, Pershing Square Capital Management, L.P., owns 22,866,773 shares of Restaurant Brands International Inc. (QSR), valued at approximately $1.56 B.
As of the Q4 2025 filing, Restaurant Brands International Inc. (QSR) represents approximately 10.05% of Bill Ackman's publicly disclosed stock portfolio, making it one of their key holdings.
Bill Ackman's peak holding in Restaurant Brands International Inc. (QSR) was 39,150,551 shares, as reported at the end of Q1 2016.