QSR Restaurant Brands Int'l Inc

held by 2 managers in Q4 2025

Manager	% of their portfolio	Held	Activity	Value	Shares
Bill Ackman Pershing Square Capital Management	10.05%	11.3 yr	Reduce 0.2%	$1.56B	22,866,773
Stanley Druckenmiller Duquesne Family Office	1.95%	9 mo	Add 6.9%	$82M	1,209,000

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