13D·WATCH Activist + Insider Intelligence Live feed Blog About Pricing
SCHEDULE Filed 2025-12-03 Event 2025-12-03 SEC 0000950142-25-003109 →

3G Restaurant Brands Holdings General Partner Ltd. Restaurant Brands International Inc. QSR

Stake: 23.22% Shares: 99,157,902 CUSIP: 76131D103 Class: Common Shares, without par value

Item 4 — Purpose of Transaction

Item 4 of Schedule 13D is hereby amended to add the following language: As previously disclosed, 3G RBH delivered to RBI LP an exchange notice to exchange 17,626,570 Exchangeable Units held by 3G RBH. The exchange notice became irrevocable on November 13, 2025 with respect to 17,626,570 Exchangeable Units. As announced by the Issuer on November 13, 2025, upon receipt of the exchange notice, the Issuer, in its capacity as general partner of RBI LP, elected to have RBI LP satisfy the November 2025 Exchange by issuing 17,626,570 Common Shares in exchange for 17,626,570 Exchangeable Units. The November 2025 Exchange was effected on December 3, 2025. On December 3, 2025, HL1 delivered 17,626,570 Common Shares to BofA Securities, Inc. pursuant to the Forward Contract in exchange for a cash payment. The Reporting Persons continue to hold 99,157,902 Exchangeable Units, for which they have not submitted any exchange notice. Except as set forth in this Schedule 13D and in connection with the November 2025 Exchange, the Forward Contract and the other transactions discussed herein, the Reporting Persons have no plan or proposals that relates to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Cross-References

Insider Activity (last 365d)
82 transactions
75 buys · 0 sales · 0 awards/exercises
Issuer Cluster
11 13D/G filings on this issuer
10 other filings besides this one
Filer Track Record
13 filings by this filer
12 other filings in the data moat
Short Interest · settle 2026-07-15
DTC 5.68
18,779,453 shares short · +7.5% vs prior

Institutional Consensus · 2026-03-31

Held by elite portfolio managers
4 holders · $1.68B
Baupost GroupDuquesne Family OfficePershing SquarePoint72 Asset Mgmt

Post-Filing Returns · since 2025-12-03 on QSR

+1 day
0.0%
+5 days
0.0%
+30 days
0.0%
+60 days
0.0%
+90 days
0.0%
+180 days
0.0%

Anchor price 73.94 on closest trading day on/after 2025-12-03. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

DateInsiderRoleTypeSharesPriceValue
2026-07-07 Fulton Duncan officer Award 21.979
2026-07-07 Fulton Duncan officer Award 46.063
2026-07-07 Fulton Duncan officer Award 190.168
2026-07-07 Fulton Duncan officer Award 43.632
2026-07-07 Fulton Duncan officer Award 213.503
2026-07-07 Fulton Duncan officer Award 62.013
2026-07-07 Fulton Duncan officer Award 194.968
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 22.472
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 69.643
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 572.575
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 65.329
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 569.556
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 69
2026-07-07 CURTIS THOMAS BENJAMIN officer Award 520.303
2026-07-07 Housman Jeffrey officer Award 23.095
2026-07-07 Housman Jeffrey officer Award 47.64
2026-07-07 Housman Jeffrey officer Award 254.478
2026-07-07 Housman Jeffrey officer Award 50.719
2026-07-07 Housman Jeffrey officer Award 306.132
2026-07-07 Housman Jeffrey officer Award 71.014
2026-07-07 Housman Jeffrey officer Award 325.182
2026-07-07 DOYLE J PATRICK director, officer Award 1,995.563
2026-07-07 DOYLE J PATRICK director, officer Award 7,483.362
2026-07-07 Kobza Joshua officer Award 64.11
2026-07-07 Kobza Joshua officer Award 2,968.492
Showing 25 of 82

Other 13D/G Filings on Restaurant Brands International Inc.

FiledFormFilerStakeShares
2023-09-06 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2023-03-17 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2023-02-28 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2021-08-25 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2021-08-06 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2020-09-14 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2020-06-02 SC Pershing Square Capital Management, L.P. view →
2019-09-26 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2019-09-03 SC 3G Restaurant Brands Holdings General Partner Ltd. view →
2019-08-13 SC 3G Restaurant Brands Holdings General Partner Ltd. view →

Other Filings by 3G Restaurant Brands Holdings General Partner Ltd.

FiledFormIssuerStakeShares
2023-09-06 SC Restaurant Brands International Inc. QSR view →
2023-03-17 SC Restaurant Brands International Inc. QSR view →
2023-02-28 SC Restaurant Brands International Inc. QSR view →
2021-08-25 SC Restaurant Brands International Inc. QSR view →
2021-08-06 SC Restaurant Brands International Inc. QSR view →
2021-08-06 SC Restaurant Brands International Limited Partnership RSTRF view →
2020-09-14 SC Restaurant Brands International Limited Partnership RSTRF view →
2020-09-14 SC Restaurant Brands International Inc. QSR view →
2019-09-26 SC Restaurant Brands International Inc. QSR view →
2019-09-03 SC Restaurant Brands International Inc. QSR view →
2019-08-13 SC Restaurant Brands International Limited Partnership RSTRF view →
2019-08-13 SC Restaurant Brands International Inc. QSR view →

Want this depth on every filing the moment it hits SEC EDGAR?

Full feed access · API · daily intelligence brief · custom alerts. From $49/mo.

See pricing →