RESTAURANT BRANDS INTL INC

Ticker: QSR CUSIP: 76131D103 Class: Common Stock

BAUPOST GROUP LLC/MA's Holding History (CIK: 0001061768)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 8,080,112 Value ($000) $551 Avg Close $68.91 Range $64.17 - $73.70

Q3 2025

Shares 8,252,862 Value ($000) $529 Avg Close $65.79 Range $61.33 - $71.77

Q2 2025

Shares 4,049,562 Value ($000) $268 Avg Close $66.80 Range $58.71 - $72.32

Q1 2025

Shares 3,886,562 Value ($000) $259 Avg Close $64.48 Range $59.67 - $70.39

Q4 2024

Shares 2,901,700 Value ($000) $189 Avg Close $69.37 Range $64.55 - $74.09

Q3 2024

Shares 28,294 Value ($000) $2 Avg Close $70.28 Range $66.31 - $75.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	8,080,112	$551	$68.91	$64.17 - $73.70
Q3 2025	8,252,862	$529	$65.79	$61.33 - $71.77
Q2 2025	4,049,562	$268	$66.80	$58.71 - $72.32
Q1 2025	3,886,562	$259	$64.48	$59.67 - $70.39
Q4 2024	2,901,700	$189	$69.37	$64.55 - $74.09
Q3 2024	28,294	$2	$70.28	$66.31 - $75.07