Lone Pine Capital’s Yum! Brands YUM Stock Holding History

Lone Pine Capital’s Portfolio YUM Stock Details YUM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-8,715,733	Closed	-$569M	–	47
2016 Q3	$569M	Sell	8,715,733 -5,155,674	-37%	-$329M	2.54%	19
2016 Q2	$827M	Buy	13,871,407 +11,767,424	+559%	+$693M	3.82%	10
2016 Q1	$124M	Buy	+2,103,983	New	+$110M	0.62%	35

Other funds holding YUM

FPF

FNY Partners Fund New York $185M AUM 32.58% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Corvex Management New York $3.27B AUM 38.53% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

MAM

Magellan Asset Management Sydney, Australia $4.47B AUM 4.2% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Loomis, Sayles & Company Boston, Massachusetts $79.8B AUM 16.05% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Lone Pine Capital's YUM Position: Q4 2016 in Review

Lone Pine Capital sold out of Yum! Brands (YUM) in Q4 2016, closing a stake of 8,715,733 shares — an estimated $569M sold.

Lone Pine Capital first reported a position in YUM in Q1 2016 and held it in 3 quarters. The position peaked at $827M in Q2 2016. 831 funds tracked by Wall St. Rank hold YUM as of Q4 2016.

Lone Pine Capital reported no remaining Yum! Brands position as of Q4 2016 after selling out during the quarter.
Lone Pine Capital sold 8,715,733 Yum! Brands shares in Q4 2016, an estimated $569M.
Lone Pine Capital first reported a position in Yum! Brands in Q1 2016 and held it in 3 quarters.
Lone Pine Capital's Yum! Brands position peaked at $827M in Q2 2016.
831 funds tracked by Wall St. Rank held Yum! Brands as of Q4 2016.

Based on Lone Pine Capital's 13F filing for Q4 2016, filed 14 Feb 2017.