Third Point’s Yum! Brands YUM Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-500,000	Closed	-$45.4M	–	45
2016 Q3	$45.4M	Sell	500,000 -2,000,000	-80%	-$182M	0.39%	36
2016 Q2	$207M	Sell	2,500,000 -3,000,000	-55%	-$249M	1.98%	14
2016 Q1	$450M	Buy	5,500,000 +5,424,700	+7,204%	+$444M	4.15%	5
2015 Q4	$5.5M	Sell	75,300 -11,524,700	-99%	-$842M	0.06%	26
2015 Q3	$927M	Buy	11,600,000 +8,025,000	+224%	+$642M	8.75%	5
2015 Q2	$322M	Buy	3,575,000 +275,000	+8%	+$24.8M	3.02%	7
2015 Q1	$260M	Buy	+3,300,000	New	+$260M	2.4%	13