Here is What Hedge Funds Think About Restaurant Brands International Inc (QSR)

Seeing as Restaurant Brands International Inc (NYSE:QSR) has witnessed a decline in interest from the aggregate hedge fund industry, we can see that there was a specific group of fund managers that slashed their entire stakes in the third quarter. Interestingly, Leon Shaulov’s Maplelane Capital said goodbye to the biggest position of all the hedgies watched by Insider Monkey, valued at about $9.7 million in stock. J Kevin Kenny Jr’s fund, Emerging Sovereign Group, also dropped its stock, about $9.3 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest fell by 8 funds in the third quarter.

Let’s also examine hedge fund activity in other stocks similar to Restaurant Brands International Inc (NYSE:QSR). We will take a look at Sunoco Logistics Partners L.P. (NYSE:SXL), The Cooper Companies, Inc. (NYSE:COO), VimpelCom Ltd (ADR) (NYSE:VIP), and Mednax Inc. (NYSE:MD). All of these stocks’ market caps match QSR’s market cap.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $214 million. The Cooper Companies, Inc. (NYSE:COO) is the most popular stock in this table. On the other hand Sunoco Logistics Partners L.P. (NYSE:SXL) is the least popular one with only 9 bullish hedge fund positions. Restaurant Brands International Inc (NYSE:QSR) is not the most popular stock in this group but hedge fund interest is still above average. However, hedge funds have amassed $2.45 billion worth of QSR’s stock at the end of September. This suggests that the stock may be a profitable investment, so a further analysis might be a good idea.