Question 1

How many shares of QSR does Pershing Square Capital Management, L.P. own?

Accepted Answer

As of 2026-Q1, Pershing Square Capital Management, L.P. holds 22.6M shares of QSR (RESTAURANT BRANDS INTERN).

Question 2

What is Pershing Square Capital Management, L.P.'s QSR position worth?

Accepted Answer

As of 2026-Q1, Pershing Square Capital Management, L.P.'s QSR position is worth $1.7B.

Question 3

Is Pershing Square Capital Management, L.P. buying or selling QSR?

Accepted Answer

In 2026-Q1, Pershing Square Capital Management, L.P. decreased their QSR position (-1.0% change in shares).

Question 4

When did Pershing Square Capital Management, L.P. first buy QSR?

Accepted Answer

Based on available 13F filings, Pershing Square Capital Management, L.P. first reported a position in QSR in 2018-Q4. They have held the position across 30 quarters.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q1 Latest	Decreased	22.6M	-1.0%	$1.7B	12.2%	$72.14	0
2025-Q4	Decreased	22.9M	-0.2%	$1.6B	10.0%	$68.75	0
2025-Q3	Decreased	22.9M	-0.4%	$1.5B	10.0%	$65.02	0
2025-Q2	Unchanged	23M	0.0%	$1.5B	11.1%	$64.15	0
2025-Q1	Unchanged	23M	0.0%	$1.5B	12.8%	$62.74	0
2024-Q4	Unchanged	23M	0.0%	$1.5B	11.8%	$62.55	0
2024-Q3	Decreased	23M	-0.6%	$1.7B	12.8%	$68.08	0
2024-Q2	Decreased	23.1M	-0.9%	$1.6B	15.6%	$66.66	0
2024-Q1	Unchanged	23.3M	0.0%	$1.9B	17.2%	$74.63	0
2023-Q4	Unchanged	23.3M	0.0%	$1.8B	17.5%	$72.86	0
2023-Q3	Unchanged	23.3M	0.0%	$1.6B	14.8%	$61.68	0
2023-Q2	Decreased	23.3M	-3.5%	$1.8B	16.7%	$70.69	0
2023-Q1	Unchanged	24.2M	0.0%	$1.6B	15.9%	$59.48	0
2022-Q4	Unchanged	24.2M	0.0%	$1.6B	17.8%	$58.46	0
2022-Q3	Increased	24.2M	+1.6%	$1.3B	16.3%	$48.76	66
2022-Q2	Decreased	23.8M	-0.2%	$1.2B	16.0%	$44.07	0
2022-Q1	Decreased	23.9M	-0.3%	$1.4B	13.4%	$51.17	0
2021-Q4	Unchanged	23.9M	0.0%	$1.5B	13.5%	$52.61	0
2021-Q3	Increased	23.9M	+1.0%	$1.5B	15.5%	$53.14	65
2021-Q2	Decreased	23.7M	-1.0%	$1.5B	14.3%	$55.07	0
2021-Q1	Decreased	23.9M	-4.4%	$1.6B	14.9%	$55.63	0
2020-Q4	Decreased	25M	-0.3%	$1.5B	15.3%	$52.00	0
2020-Q3	Unchanged	25.1M	0.0%	$1.4B	16.4%	$47.85	0
2020-Q2	Increased	25.1M	+66.5%	$1.4B	17.7%	$45.65	94
2020-Q1	Unchanged	15.1M	0.0%	$603.8M	9.2%	$32.97	0
2019-Q4	Unchanged	15.1M	0.0%	$961.9M	14.7%	$51.74	0
2019-Q3	Decreased	15.1M	-3.6%	$1.1B	16.5%	$56.12	0
2019-Q2	Decreased	15.6M	-14.7%	$1.1B	16.2%	$55.43	0
2019-Q1	Decreased	18.3M	-6.8%	$1.2B	17.8%	$51.52	0
2018-Q4	New	19.7M	-	$1B	17.3%	$40.83	100

QSR30 quarters

QSR
30 quarters