Pershing Square Holdings released its first half 2025 investor letter, showing a NAV per share increase of 15.5% and 17.7% year-to-date. The company’s share price also rose by 9.9% and 16.5%. The first half of 2025 was marked by macroeconomic and geopolitical uncertainty. Check out the fund’s top five holdings for insights.

In their second-quarter 2025 investor letter, Pershing Square Holdings highlighted Restaurant Brands International Inc. (NYSE: QSR). The stock’s one-month return was -3.13%, with shares losing 6.95% in the last 52 weeks. On September 05, 2025, QSR stock closed at $63.10 per share, with a market cap of $28.756 billion.

Restaurant Brands International Inc.’s franchised business model generates high-margin brand royalty fees from leading brands like Tim Hortons, Burger King, Popeyes, and Firehouse Subs. The company is not among the 30 most popular stocks among hedge funds, with 29 portfolios holding QSR at the end of the second quarter.

In another article, Restaurant Brands International Inc. (NYSE: QSR) was covered along with the best consumer cyclical stocks to buy according to hedge funds. Explore more investor letters from hedge funds and leading investors on the hedge fund investor letters Q2 2025 page.

Read more at Yahoo Finance: Do You Believe in the Upside Potential of Restaurant Brands International (QSR)?