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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-8,715,733	Closed	-$569M	–	45
2016 Q3	$569M	Sell	8,715,733 -5,155,674	-37%	-$337M	2.54%	19
2016 Q2	$827M	Buy	13,871,407 +11,767,424	+559%	+$701M	3.82%	10
2016 Q1	$124M	Buy	+2,103,983	New	+$124M	0.62%	34