Pershing Square Capital Management — QSR

How Pershing Square Capital Management's position in Restaurant Brands International changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarters held

2

First reported

Q4 2025

Latest value

$1,673,501,194

Latest weight

12.2%

Peak weight

12.2%

Shares since first

-1%

Position Trend

Shares, value, and weight from first report to latest report.

Pershing Square Capital Management first reported 22,866,773 shares in Q4 2025 and most recently reported 22,645,483 shares in Q1 2026. Portfolio weight peaked at 12.2% in Q1 2026; the low reported weight was 10.1% in Q4 2025.

Since the first report, shares are -1% and reported value is +7.3%. Latest move: TRIM