Signal dossier · Q4 2025

QSR

Restaurant Brands International · Consumer Discretionary

HoldLens verdict · single −100..+100 scale

BUY

on a signed +100 buy scale · WEAK BUY

3 tracked managers buying MODERATE signal.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

Buy component

Dissent penalty

−2

Unanimity bonus

Quality differential

Info density

Buyers / Sellers

3 / 0

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-8

Trend streak

Concentration

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−2

− Crowding penalty

−0

Owners: 1·Buyers: 10·Sellers: 2·Buyer-CAGR-weighted expected return: +7.5% ±4.8%·How this is computed

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Ownership breadth · 8 quarters

Breadth flat

-1 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Smart money activity

Every tracked 13F move on QSR — grouped by quarter, ranked by manager quality.

Smart money activity

10 buys · 2 sells across tracked 13F filings

Net signal: STRONG BUY

Q4 2025(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group	Buy (new)	+8.08M	10.40%
Stanley DruckenmillerTier 1 Duquesne Family Office	Add 7.00%	+78K	1.80%
Joel GreenblattElite Gotham Asset Management	Add 187%	+41K	0.00%

Q3 2025(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Stanley DruckenmillerTier 1 Duquesne Family Office	Add 51.00%	+380K	1.80%
Joel GreenblattElite Gotham Asset Management	Add 518%	+18K	0.00%
Seth KlarmanTier 1 Baupost Group	Sell (exit)	-4.05M	0.00%

Q2 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Stanley DruckenmillerTier 1 Duquesne Family Office	Buy (new)	+751K	1.20%

Q1 2025(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group	Add 34.00%	+985K	7.40%
Joel GreenblattElite Gotham Asset Management	Buy (new)	+4K	0.00%

Q4 2024(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group	Add 10156%	+2.87M	5.50%
Prem Watsa Fairfax Financial	Sell (exit)	-42K	0.00%

Q3 2024(1 move)

Portfolio manager	Activity	Share change	% portfolio
Seth KlarmanTier 1 Baupost Group	Buy (new)	+28K	0.10%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for QSR — context for the moves above.

Who’s betting biggest on QSR

Consumer Discretionary sector →→ Ranks #49 of 83 tracked bets

Each bar is one manager’s position size in QSR as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Bill Ackman

14.8%

“Tim Hortons + Burger King + Popeyes parent.”

AI thesis

An AI-synthesised investment thesis for QSR, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of BUY positioning from 1 institutional filers

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the +4 conviction score.

Related smart-money signals

Derived from the same 13F filings

Same sector · Consumer Discretionary

Top conviction in this sector

All Consumer Discretionary names →

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.