Bill Ackman - Pershing Square Capital Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    11
Portfolio value:    $13,714,299,861
Holdings Activity Buys Sells    History
Holding/activity history for  Restaurant Brands International Inc. (QSR)
← All QSR superinvestors
Period Shares % of Portfolio Activity % Change to Portfolio Price Value Filing
2026   Q1 22,645,483 12.20 Reduce 0.97% 0.10 $65.43–75.67 · VW $70.84i $1,673,501,194 SEC
2025   Q4 22,866,773 10.05 Reduce 0.21% 0.02 $64.17–73.70 · VW $68.89i $1,560,199,922 SEC
2025   Q3 22,915,496 10.04 Reduce 0.37% 0.04 $61.33–71.77 · VW $65.49i $1,469,799,913 SEC
2025   Q2 23,000,914 11.11 $66.29 $1,524,730,589 SEC
2025   Q1 23,000,914 12.85 $66.64 $1,532,780,909 SEC
2024   Q4 23,000,914 11.88 $65.18 $1,499,199,575 SEC
2024   Q3 23,000,914 12.84 Reduce 0.61% 0.10 $66.31–75.07 · VW $70.43i $1,658,825,918 SEC
2024   Q2 23,142,542 15.64 Reduce 0.88% 0.15 $65.87–79.28 · VW $71.59i $1,628,540,681 SEC
2024   Q1 23,348,135 17.24 $79.45 $1,855,009,326 SEC
2023   Q4 23,348,135 17.55 $78.13 $1,824,189,788 SEC
2023   Q3 23,348,135 14.82 $66.62 $1,555,452,754 SEC
2023   Q2 23,348,135 16.73 Reduce 3.50% 0.63 $65.62–77.84 · VW $72.83i $1,809,947,425 SEC
2023   Q1 24,194,166 17.96 $67.14 $1,624,396,305 SEC
2022   Q4 24,194,166 20.46 $64.67 $1,564,636,715 SEC
2022   Q3 24,194,166 18.75 Add 1.56% 0.29 $50.10–61.79 · VW $55.80i $1,286,646,000 SEC
2022   Q2 23,822,641 16.46 Reduce 0.18% 0.02 $46.68–61.79 · VW $53.39i $1,194,705,000 SEC
2022   Q1 23,864,631 13.73 Reduce 0.30% 0.04 $53.47–60.84 · VW $56.90i $1,393,456,000 SEC
2021   Q4 23,937,248 13.73 $60.68 $1,452,512,000 SEC
2021   Q3 23,937,248 15.48 Add 1.01% 0.16 $60.77–68.53 · VW $64.40i $1,464,720,000 SEC
2021   Q2 23,696,917 14.26 Reduce 0.96% 0.14 $63.78–71.12 · VW $67.61i $1,527,029,000 SEC
2021   Q1 23,926,652 14.87 Reduce 4.44% 0.68 $56.56–68.48 · VW $61.76i $1,555,232,000 SEC
2020   Q4 25,038,527 15.30 Reduce 0.32% 0.05 $51.12–63.14 · VW $56.81i $1,530,104,000 SEC
2020   Q3 25,119,016 16.37 $57.51 $1,444,595,000 SEC
2020   Q2 25,119,016 17.70 Add 66.52% 7.07 $33.00–60.93 · VW $49.70i $1,372,252,000 SEC
2020   Q1 15,084,304 9.19 $40.03 $603,825,000 SEC
2019   Q4 15,084,304 14.68 $63.77 $961,926,000 SEC
2019   Q3 15,084,304 17.13 Reduce 3.56% 0.58 $68.63–79.46 · VW $74.59i $1,073,097,000 SEC
2019   Q2 15,641,065 16.21 Reduce 14.73% 2.62 $62.88–70.50 · VW $66.51i $1,087,680,000 SEC
2019   Q1 18,342,703 17.78 Reduce 6.82% 1.27 $50.78–66.05 · VW $61.90i $1,194,293,000 SEC
2018   Q4 19,685,602 18.59 Reduce 5.56% 1.46 $50.20–59.72 · VW $55.41i $1,029,557,000 SEC
2018   Q3 20,843,919 26.27 $59.28 $1,235,628,000 SEC
2018   Q2 20,843,919 23.56 Reduce 14.29% 4.45 $53.09–61.46 · VW $57.23i $1,256,888,000 SEC
2018   Q1 24,320,295 31.16 Reduce 8.23% 2.45 $55.04–64.78 · VW $59.00i $1,384,311,000 SEC
2017   Q4 26,500,729 29.78 $61.48 $1,629,265,000 SEC
2017   Q3 26,500,729 36.30 Reduce 32.31% 14.38 $57.95–65.92 · VW $61.50i $1,692,867,000 SEC
2017   Q2 39,150,551 44.50 $62.54 $2,448,475,000 SEC
2017   Q1 39,150,551 40.16 $55.74 $2,182,252,000 SEC
2016   Q4 39,150,551 35.52 $47.66 $1,865,915,000 SEC
2016   Q3 39,150,551 38.48 $44.58 $1,745,332,000 SEC
2016   Q2 39,150,551 29.99 $41.60 $1,628,663,000 SEC
2016   Q1 39,150,551 25.05 Add 3.02% 0.73 $29.28–39.67 · VW $34.62i $1,520,216,000 SEC
2015   Q4 38,003,984 16.81 $37.36 $1,419,829,000 SEC
2015   Q3 38,003,984 17.21 $35.92 $1,365,103,000 SEC
2015   Q2 38,003,984 21.38 $38.21 $1,452,132,000 SEC
2015   Q1 38,003,984 19.57 $38.41 $1,459,733,000 SEC
2014   Q4 38,003,984 12.00 Buy 12.00 $39.04 $1,483,676,000 SEC
Price snapshot:
Current price$75.57
Avg. buy price$45.54
+/- since buy65.93%
52-week low$59.14
52-week high$81.22