RESTAURANT BRANDS INTL INC

Ticker: QSR CUSIP: 76131D103 Class: Common Stock

Valiant Capital Management, L.P.'s Holding History (CIK: 0001452689)

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

Q4 2018

Shares 634,700 Value ($000) $33,195 Avg Close $55.53 Range $50.20 - $59.72

Q3 2018

Shares 703,200 Value ($000) $41,686 Avg Close $60.88 Range $55.48 - $65.17

Q2 2018

Shares 703,200 Value ($000) $42,403 Avg Close $57.29 Range $53.09 - $61.46

Q1 2018

Shares 703,200 Value ($000) $40,026 Avg Close $59.39 Range $55.04 - $64.78

Q4 2017

Shares 703,200 Value ($000) $43,233 Avg Close $64.14 Range $59.77 - $68.89

Q3 2017

Shares 703,200 Value ($000) $44,920 Avg Close $61.81 Range $57.95 - $65.92

Q2 2017

Shares 949,300 Value ($000) $59,369 Avg Close $58.91 Range $54.00 - $62.94

Q1 2017

Shares 1,163,900 Value ($000) $64,876 Avg Close $52.35 Range $46.88 - $57.98

Q4 2016

Shares 1,163,900 Value ($000) $55,471 Avg Close $46.13 Range $42.34 - $50.20

Q3 2016

Shares 1,435,700 Value ($000) $64,004 Avg Close $45.35 Range $40.84 - $49.12

Q2 2016

Shares 1,435,700 Value ($000) $59,725 Avg Close $41.34 Range $37.54 - $44.02

Q1 2016

Shares 1,435,700 Value ($000) $55,748 Avg Close $34.78 Range $29.28 - $39.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	634,700	$33,195	$55.53	$50.20 - $59.72
Q3 2018	703,200	$41,686	$60.88	$55.48 - $65.17
Q2 2018	703,200	$42,403	$57.29	$53.09 - $61.46
Q1 2018	703,200	$40,026	$59.39	$55.04 - $64.78
Q4 2017	703,200	$43,233	$64.14	$59.77 - $68.89
Q3 2017	703,200	$44,920	$61.81	$57.95 - $65.92
Q2 2017	949,300	$59,369	$58.91	$54.00 - $62.94
Q1 2017	1,163,900	$64,876	$52.35	$46.88 - $57.98
Q4 2016	1,163,900	$55,471	$46.13	$42.34 - $50.20
Q3 2016	1,435,700	$64,004	$45.35	$40.84 - $49.12
Q2 2016	1,435,700	$59,725	$41.34	$37.54 - $44.02
Q1 2016	1,435,700	$55,748	$34.78	$29.28 - $39.67