Cannell & Spears LLC Cuts Position in Restaurant Brands International Inc.

Institutional investor reduces stake in QSR by 14.4% in Q3

Mar. 15, 2026 at 10:36am

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Cannell & Spears LLC, an institutional investor, decreased its position in Restaurant Brands International Inc. (NYSE:QSR, TSE:QSR) by 14.4% during the third quarter, according to a recent SEC filing. The firm now owns 300,993 shares of the restaurant operator's stock, valued at $19,306,000.

Why it matters

Restaurant Brands International, the parent company of Burger King, Tim Hortons, and Popeyes, is a major player in the quick-service restaurant industry. Changes in institutional ownership can provide insights into investor sentiment and market trends surrounding the company.

The details

According to the filing, Cannell & Spears sold 50,561 shares of Restaurant Brands International during the third quarter, reducing its total stake in the company by 14.4%. The institutional investor now owns approximately 0.09% of Restaurant Brands International's outstanding shares.

  • The transaction occurred during the third quarter of 2026.

The players

Cannell & Spears LLC

An institutional investor that has decreased its position in Restaurant Brands International Inc.

Restaurant Brands International Inc.

A global quick-service restaurant company that owns the Burger King, Tim Hortons, and Popeyes brands.

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The takeaway

The reduction in Cannell & Spears' position in Restaurant Brands International may indicate a shift in investor sentiment or portfolio strategy, but does not necessarily reflect the overall outlook for the company. Continued monitoring of institutional ownership and market trends will be important for understanding the broader implications of this transaction.