Highfields Capital Management’s Yum! Brands YUM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-76,505	Closed	-$4.5M	–	80
2016 Q1	$4.5M	Sell	76,505 -445,120	-85%	-$26.2M	0.04%	59
2015 Q4	$27.4M	Hold	521,625	–	–	0.24%	51
2015 Q3	$30M	Buy	+521,625	New	+$30M	0.26%	51