Restaurant Brands generates about $47 billion in system sales across more than 33,000 restaurants in over 120 markets, making it one of the largest restaurant companies globally. Its banners include Burger King (7,025 stores), Tim Hortons (4,586), Popeyes (3,578), and Firehouse Subs (1,449), concentrated in the US and Canada, with these brands also comprising 16,403 franchised international locations as of year-end 2025. The firm primarily earns revenue from franchise and property fees, supply chain sales within the Tim Hortons segment, company-operated restaurants, and advertising royalties.

Institution	Shares	Value	Change
Capital Group	46,456,245	$3.4B	INCREASED
Vanguard	17,649,714	$1.3B	INCREASED
BlackRock	15,228,770	$1.1B	INCREASED
Bank of Montreal /Can	11,295,632	$818M	INCREASED
FMR	8,417,025	$610M	INCREASED

Restaurant Brands International Inc. (QSR) Ownership & Trading Activity

Top Institutional Holders