4 Best Stocks to Buy in 2023 According to Bill Ackman

3. Restaurant Brands International Inc. (NYSE:QSR)

Pershing Square’s Q1 2023 Stake: $1.624 billion

Restaurant Brands International Inc. (NYSE:QSR) is one of the world’s biggest fast-food restaurant operators in the world. It owns famous restaurant chains such as Burger King, Popeyes, and Tim Hortons. Restaurant Brands International Inc. (NYSE:QSR) is headquartered in Ontario, Canada.

Restaurant Brands International Inc. (NYSE:QSR) posted its Q1 2023 earnings report on May 2 where it generated a revenue of $1.59 billion, outperforming the estimates by $30 million and reported a non-GAAP EPS of $0.75, beating the estimates by $0.11. Additionally, the company recorded an adjusted EBITA of $588 million which was up 15.8% organically compared to Q1 2022.

In Q1 2023, Pershing Square Capital Management remained the most significant stakeholder of Restaurant Brands International Inc. (NYSE:QSR) for the seventh quarter in a row with over 24.194 million shares worth $1.624 billion, making up 15.89% of the fund’s portfolio.