Is Now the Time to Buy Restaurant Brands International Inc (QSR)?

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As industry-wide interest jumped, key money managers were leading the bulls’ herd. Newbrook Capital Advisors, managed by Robert Boucai, created the largest position in Restaurant Brands International Inc (NYSE:QSR). Newbrook Capital Advisors had $14.6 million invested in the company at the end of the quarter. Bruce Kovner’s Caxton Associates LP also initiated a $2.2 million position during the quarter. The following funds were also among the new QSR investors: Peter Muller’s PDT Partners, Joel Greenblatt’s Gotham Asset Management, and Ken Griffin’s Citadel Investment Group.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Restaurant Brands International Inc (NYSE:QSR) but similarly valued. These stocks are LKQ Corporation (NASDAQ:LKQ), Discovery Communications Inc. (NASDAQ:DISCK), Celanese Corporation (NYSE:CE), and Hologic, Inc. (NASDAQ:HOLX). This group of stocks’ market caps are closest to QSR’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
LKQ 32 668630 2
DISCK 21 280090 -3
CE 31 817436 -2
HOLX 33 812836 -2

As you can see these stocks had an average of 29.25 hedge funds with bullish positions and the average amount invested in these stocks was $645 million. That figure was $3.14 billion in QSR’s case. Hologic, Inc. (NASDAQ:HOLX) is the most popular stock in this table. On the other hand Discovery Communications Inc. (NASDAQ:DISCK) is the least popular one with only 21 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. This is a slightly positive signal, as are the facts that hedge fund ownership of the stock hasn’t dropped in any quarter over the past year, and that it’s held by two hedge fund titans in the forms of Bill Ackman and Warren Buffett.

Disclosure: None

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