Ownership history in Pershing Square Capital Management, L.P. Β· 45 quarters on record
This page tracks every 13F SEC filing in which Pershing Square Capital Management, L.P. reported a position in RESTAURANT BRANDS INTL INC (QSR). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β sourced directly from SEC EDGAR 13F filings.
π Pershing Square Capital Management, L.P. underperformed the S&P 500 by β15.1% annually on this QSR position. Timing score: 57% (12/21 decisions correct). Average cost basis: $31.87. Maximum drawdown during holding period: β42.6%.
β Significantly underperformed the S&P 500 by 15.1% ann.
11 quarters analyzed
β
Decent timing β more right than wrong on entries and exits.
12 of 21 add/trim decisions correct
Best entry: $28.29 (2014 Q4) Β· Worst: $52.29 (2021 Q3)
πͺ Held through 2 major drawdowns (>20%).
5 adds Β· 17 trims. Bought during 1 of 17 down-price quarters. π Predominantly trimming β distribution phase.
π Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 10.05% of portfolio
β Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ 4 (annualised). Not investment advice.
As of 2025 Q4 β sorted by position size