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Seth Klarman

Baupost Group

Seth Klarman Restaurant Brands International Inc stake

total: 269

Baupost Group QSR trades

Total transactions:
6
New positions:
1
Added:
4
Reduced:
1
Held since:
2024 Q3
Held for:
7 quarters
Latest activity:
2025 Q4
According to 2026 Q1 report, Seth Klarman holds 8,080,112 Restaurant Brands International Inc (QSR) shares with a market value of roughly $597.21M accounting for 11.67% of the overall portfolio. To date, the estimated cost basis is nearly $64.87 for "buy" trades and estimated average "sell" price is $68.23. Baupost Group first purchased QSR in 2024 Q3, initially acquiring 28,294 shares. Since the initial investment in Restaurant Brands International Inc (QSR), Baupost Group has made 5 more transactions.

How many QSR shares does Seth Klarman currently hold?

According to 2026 Q1 report, Seth Klarman holds 8,080,112 shares of Restaurant Brands International Inc (QSR), valued at around $597.21M.

When did Seth Klarman buy Restaurant Brands International Inc (QSR)?

Seth Klarman first invested in Restaurant Brands International Inc (QSR) in 2024 Q3 at the reported quarter-end price of $72.14 per share.

What's the cost basis of Baupost Group's QSR stake?

The estimated cost basis for Restaurant Brands International Inc (QSR) stake is around $64.87 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$64.87
Weighted AVG sell price:
$68.23

Seth Klarman's historical trades in Restaurant Brands International Inc

6 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q4
10.44%
8,080,112
$68.23
$551,325,000
-2.09% (-172,750)
-0.25%
2025 Q3
11.05%
8,252,862
$64.14
$529,337,000
+103.80% (+4,203,300)
+5.63%
2025 Q2
6.50%
4,049,562
$66.29
$268,445,000
+4.19% (+163,000)
+0.26%
2025 Q1
7.41%
3,886,562
$66.64
$259,000,000
+33.94% (+984,862)
+1.88%
2024 Q4
5.51%
2,901,700
$65.18
$189,133,000
+10,155.53% (+2,873,406)
+5.45%
2024 Q3
0.06%
28,294
$72.14
$2,041,000
new
+0.06%
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.