Restaurants & staples
Restaurants and staples combine recurring consumer demand with very different economics: restaurants are unit-growth and traffic stories, while staples depend more on brand strength, pricing, and distribution.
This segment captures consumer demand expressed through platforms, brands, distribution, or recurring purchase behavior. The same 13F dollar move can mean very different things depending on whether the company is a scaled platform, a cyclical retailer, or a defensive staples compounder.
The main analytical job is to separate structural share gain from cyclical volume, pricing, margin, or advertising swings. Granular tagging makes it easier to see whether a fund is leaning into consumer platforms, reopening/cyclical exposure, staples durability, or housing-linked demand.
- Quick-service and fast-casual restaurants
- Grocery and food distribution
- Tobacco and nicotine
- Packaged foods and beverages
- Traffic versus price mix
- Commodity and labor inflation
- Brand elasticity
- Private-label competition
Duquesne Family Office LLC
Stanley Druckenmiller · Q4 2025 filed 2026-02-17
Restaurant chains, grocery, tobacco, packaged foods, and other staples exposure.
| Ticker | Name | Value | Instrument |
|---|---|---|---|
| TBBB | BBB FOODS INC | $89M | SH |
| QSR | RESTAURANT BRANDS INTERN | $82M | SH |
| CMG | CHIPOTLE MEXICAN GRILL INC | $15M | SH |
| PM | PHILIP MORRIS INTERNATIONAL | $11M | SH |
| Ticker | Action | Value |
|---|---|---|
| TBBB | Added | +$50M |
| POST | Closed | -$19M |
| PM | New | +$11M |
| CMG | Added | +$6M |
| QSR | Added | +$5M |
| TXRH | Closed | -$5M |