QSR
Restaurant Brands International Inc
Restaurant Brands International Inc historical holders
total: 8
Pershing Square Capital Management Restaurant Brands International Inc transactions over time
- Total transactions:
- 23
- New positions:
- 1
- Added:
- 4
- Reduced:
- 18
- Held since:
- 2014 Q4
- Held for:
- 46 quarters
- Latest activity:
- 2026 Q1
Bill Ackman has been an institutional investor in Restaurant Brands International Inc (QSR) since 2014 Q4. According to 2026 Q1 report, Bill Ackman holds 22,645,483 shares with a market value of roughly $1.67B representing 12.20% of their equity portfolio. The fund/company first acquired QSR in 2014 Q4, initially purchasing about 38.00M shares. Since the initial investment, Pershing Square Capital Management has made 22 more transactions in this position.
Does Bill Ackman still hold QSR?
Yes, Bill Ackman continues to hold Restaurant Brands International Inc (QSR). According to their 2026 Q1 report, they maintain a position of 22,645,483 shares valued at approximately $1.67B, representing 12.20% of their equity portfolio.
When did Bill Ackman first invest in QSR?
Bill Ackman first invested in Restaurant Brands International Inc (QSR) in 2014 Q4 at the reported quarter-end price of $39.04 per share, acquiring 38,003,984 shares in their initial purchase.
What is Bill Ackman's average cost basis for QSR?
Based on historical transaction data, Bill Ackman's estimated cost basis for Restaurant Brands International Inc (QSR) is approximately $42.39 per share. This represents their average reported price* across all buy transactions.
Estimated cost basis*
- Weighted AVG buy price:
- $42.39
- Weighted AVG sell price:
- $63.76
QSR transactions history by Pershing Square Capital Management
23 results
| Period |
% of portfolio |
Shares held after* |
Reported price* |
Value* |
% (shares) of activity |
% change to portfolio |
|---|---|---|---|---|---|---|
|
2026 Q1
|
12.20%
|
22,645,483
|
$73.90
|
$1,673,501,194
|
-0.97% (-221,290)
|
-0.11%
|
|
2025 Q4
|
10.05%
|
22,866,773
|
$68.23
|
$1,560,199,922
|
-0.21% (-48,723)
|
-0.02%
|
|
2025 Q3
|
10.04%
|
22,915,496
|
$64.14
|
$1,469,799,913
|
-0.37% (-85,418)
|
-0.04%
|
|
2024 Q3
|
12.84%
|
23,000,914
|
$72.12
|
$1,658,825,918
|
-0.61% (-141,628)
|
-0.1%
|
|
2024 Q2
|
15.64%
|
23,142,542
|
$70.37
|
$1,628,540,681
|
-0.88% (-205,593)
|
-0.13%
|
|
2023 Q2
|
16.73%
|
23,348,135
|
$77.52
|
$1,809,947,425
|
-3.50% (-846,031)
|
-0.64%
|
|
2022 Q3
|
16.33%
|
24,194,166
|
$53.18
|
$1,286,646,000
|
+1.56% (+371,525)
|
+0.25%
|
|
2022 Q2
|
16.01%
|
23,822,641
|
$50.15
|
$1,194,705,000
|
-0.18% (-41,990)
|
-0.02%
|
|
2022 Q1
|
13.41%
|
23,864,631
|
$58.39
|
$1,393,456,000
|
-0.30% (-72,617)
|
-0.04%
|
|
2021 Q3
|
15.48%
|
23,937,248
|
$61.19
|
$1,464,720,000
|
+1.01% (+240,331)
|
+0.16%
|
|
2021 Q2
|
14.26%
|
$64.44
|
-0.96% (-229,735)
|
|||
|
2021 Q1
|
14.87%
|
$65.00
|
-4.44% (-1,111,875)
|
|||
|
2020 Q4
|
15.30%
|
$61.11
|
-0.32% (-80,489)
|
|||
|
2020 Q2
|
17.70%
|
$54.63
|
+66.52% (+10,034,712)
|
|||
|
2019 Q3
|
16.54%
|
$71.14
|
-3.56% (-556,761)
|
|||
|
2019 Q2
|
16.21%
|
$69.54
|
-14.73% (-2,701,638)
|
|||
|
2019 Q1
|
17.78%
|
$65.11
|
-6.82% (-1,342,899)
|
|||
|
2018 Q4
|
17.28%
|
$52.30
|
-5.56% (-1,158,317)
|
|||
|
2018 Q2
|
21.65%
|
$60.30
|
-14.29% (-3,476,376)
|
|||
|
2018 Q1
|
28.65%
|
$56.92
|
-8.23% (-2,180,434)
|
|||
|
2017 Q3
|
33.10%
|
$63.88
|
-32.31% (-12,649,822)
|
|||
|
2016 Q1
|
17.17%
|
$38.83
|
+3.02% (+1,146,567)
|
|||
|
2014 Q4
|
9.25%
|
$39.04
|
new
|
|||
* 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.
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.