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QS

QSR RESTAURANT BRANDS INTERN

2026Q2 · CUSIP 76131D103 · Sector: Consumer

Piling in

Net holder growth ranks near the top of the market

Funds that own it
578
Institutions that reported holding it to the SEC
Net increase in holders
+31
Last quarter 547 → now 578
How unusual is that
Top 20%
Stronger buying than 85% of US stocks
What the filings say, in one paragraph

578 funds held QSR at the end of 2026Q2, up 31 from the quarter before. That is stronger buying than 85.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $9.7B(YoY +6.5%), the P/E is 20.1x, return on equity is 44.2%. QSR has had 15 buying rushes in its history, and the price moved +5.1% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Consumer sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2014Q4: holders=233 2015Q1: holders=216 2015Q2: holders=208 2015Q3: holders=200 2015Q4: holders=203 2016Q1: holders=206 2016Q2: holders=216 2016Q3: holders=221 2016Q4: holders=240 2017Q1: holders=256 2017Q2: holders=276 2017Q3: holders=272 2017Q4: holders=304 2018Q1: holders=307 2018Q2: holders=292 2018Q3: holders=285 2018Q4: holders=304 2019Q1: holders=320 2019Q2: holders=330 2019Q3: holders=382 2019Q4: holders=388 2020Q1: holders=327 2020Q2: holders=364 2020Q3: holders=336 2020Q4: holders=363 2021Q1: holders=353 2021Q2: holders=360 2021Q3: holders=367 2021Q4: holders=381 2022Q1: holders=379 2022Q2: holders=375 2022Q3: holders=390 2022Q4: holders=424 2023Q1: holders=427 2023Q2: holders=426 2023Q3: holders=432 2023Q4: holders=459 2024Q1: holders=458 2024Q2: holders=443 2024Q3: holders=459 2024Q4: holders=445 2025Q1: holders=451 2025Q2: holders=454 2025Q3: holders=462 2025Q4: holders=503 2026Q1: holders=547 2026Q2: holders=578 -232 -116 +0 +116 +232 180394607 14Q416Q117Q218Q319Q421Q122Q223Q324Q426Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 15 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20% — —
2026Q1 Top 10% -2.3% +6.9%
2025Q4 Top 20% +12.5% +12.6%
2022Q4 Top 20% +2.4% +11.3%
2022Q3 Top 10% +2.0% +6.8%
2020Q2 Top 10% +7.2% +7.8%
2019Q3 Top 1% in the market -3.7% +1.1%
2019Q2 Top 20% -4.5% -9.1%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
230
Change in large funds
+16
Total value they hold
$23.5B
Funds buying for the first time
87
Funds that sold out entirely
56
Price change that quarter
+2.9%
Funds holding puts (bearish)
16
Funds holding calls (bullish)
24

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
20.1
EPS (TTM)
$3.71
EPS YoY
+40.5%
Revenue (TTM)
$9.7B
Revenue YoY
+6.5%
Net margin
17.5%
ROE
44.2%
Debt ratio
78.4%
FCF (TTM)
$1.6B
Dividend (TTM)
$2.54
Quarterly Revenue & EPS
2021-09-30: EPS 0.70 2021-12-31: EPS 0.57 2022-03-31: EPS 0.59 2022-06-30: EPS 0.76 2022-09-30: EPS 1.17 2022-12-31: EPS 0.73 2023-03-31: EPS 0.61 2023-06-30: EPS 0.77 2023-09-30: EPS 0.79 2023-12-31: EPS 1.59 2024-03-31: EPS 0.72 2024-06-30: EPS 0.88 2024-09-30: EPS 0.79 2024-12-31: EPS 0.79 2025-03-31: EPS 0.49 2025-06-30: EPS 0.57 2025-09-30: EPS 0.96 2025-12-31: EPS 0.33 2026-03-31: EPS 0.97 2026-06-30: EPS 1.45 0B 1.3B 2.5B $B 0.00 0.87 1.75 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 20 14 22 29 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-118M215M549M 20162017201820192020202120222023202420252026
Latest quarter $169M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.