
What smart money is saying about Restaurant Brands International Inc.
2 funds in our archive have pitched Restaurant Brands International Inc., most recently Pershing Square Holdings, Ltd. in September 2026.
Restaurant Brands International Inc. (RBI), a prominent quick-service restaurant enterprise, maintains its headquarters in Toronto, Canada. Established in 1954, the company operates globally, managing and franchising four distinct and widely recognized brands: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). Through its Tim Hortons segment, RBI offers a diverse menu at its coffee, tea, and donut establishments. This includes a selection of hot and cold specialty beverages like espresso-based drinks, a variety of freshly baked goods such as donuts, Timbits, bagels, muffins, cookies, and pastries, alongside savory options like grilled paninis, classic sandwiches, wraps, and soups. Burger King, a renowned fast-food hamburger chain within RBI's portfolio, provides patrons with its signature flame-grilled hamburgers, an array of chicken and other specialized sandwiches, French fries, and various soft drinks. The company's Popeyes Louisiana Kitchen outlets are celebrated for their distinctive Louisiana-style fried chicken, chicken tenders, and fried shrimp and other seafood options, complemented by regional specialties like red beans and rice. Furthermore, RBI's Firehouse Subs restaurants serve a range of submarine sandwiches, beverages, and local culinary delights. Demonstrating significant international reach, RBI had approximately 29,000 restaurants spread across 100 countries under its four brands as of February 15, 2022.
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Position history
Between Q2 2025 and Q3 2026, 3 fund letters reported a position in Restaurant Brands International Inc., with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 0 | 0 | 0 | 1 |
| Q2 2026 | 2 | 0 | 0 | 0 |
| Q2 2025 | 1 | 1 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions · 1 move
- HoldsPershing SquareJune 2026
“When taken together with our existing holdings in dominant, fast-growing companies such as Microsoft, Amazon, Meta, Uber, Brookfield, and Restaurant Brands, we believe our current portfolio is highly attractive”
Restaurant Brands International Inc. - June 2026
Listed in EdgePoint Global Portfolio’s reported holdings.
Restaurant Brands International Inc. - New positionAMG River Road Large Cap Value Select FundJune 2025
“Another new position in Q1 was Restaurant Brands International Inc. (QSR, 2.5 conviction).”
Restaurant Brands International Inc.
Fund coverage · 2 theses
- Pershing Square Holdings, Ltd.September 2026
Restaurant Brands is held for five straight quarters of global same-store sales growth above 3%, a return to a capital-light model, 8% operating profit growth, and a 17 times earnings valuation at a discount to intrinsic value.
Read the full thesis Restaurant Brands International Inc. is a leading quick-service restaurant company with a capital-light franchise model and strong market positions, particularly in Canada, offering significant global growth potential.
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