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Yum China

618 hedge funds and large institutions have $12B invested in Yum China in 2017 Q2 according to their latest regulatory filings, with 112 funds opening new positions, 171 increasing their positions, 205 reducing their positions, and 45 closing their positions.

New
Increased
Maintained
Reduced
Closed

149% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 45

46% more capital invested

Capital invested by funds: $8.23B → $12B (+$3.78B)

23% more call options, than puts

Call options by funds: $53.7M | Put options by funds: $43.7M

12% more funds holding

Funds holding: 554618 (+64)

0.5% more ownership

Funds ownership: 78.76%79.26% (+0.5%)

17% less repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 205

27% less funds holding in top 10

Funds holding in top 10: 118 (-3)

Holders
618
Holders Change
+64
Holders Change %
+11.55%
% of All Funds
15.41%
Holding in Top 10
8
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-27.27%
% of All Funds
0.2%
New
112
Increased
171
Reduced
205
Closed
45
Calls
$53.7M
Puts
$43.7M
Net Calls
+$10M
Net Calls Change
+$30.4M
Name Holding Trade Value Shares
Change
Change in
Stake
JIM
26
Jupiter Investment Management
United Kingdom
$104M +$65.4M +1,812,900 +218%
TIM
27
Thornburg Investment Management
New Mexico
$101M -$81.2M -2,248,956 -47%
Two Sigma Investments
28
Two Sigma Investments
New York
$92.1M +$72.7M +2,015,436 +630%
HIM
29
Hillhouse Investment Management
Cayman Islands
$90.8M +$3.31M +91,617 +4%
Legal & General Group
30
Legal & General Group
United Kingdom
$89.3M +$6.45M +178,840 +9%
Fidelity International
31
Fidelity International
Bermuda
$85.1M +$51.4M +1,423,675 +194%
Goldman Sachs
32
Goldman Sachs
New York
$81M -$54.9M -1,520,487 -43%
Morgan Stanley
33
Morgan Stanley
New York
$79M -$16.3M -450,511 -18%
Deutsche Bank
34
Deutsche Bank
Germany
$78M -$7.23M -200,367 -9%
BNP Paribas Financial Markets
35
BNP Paribas Financial Markets
France
$73M +$28.7M +796,520 +75%
ETC
36
Evercore Trust Company
New York
$72.8M -$7.35M -203,629 -10%
Capital International Investors
37
Capital International Investors
California
$70.9M -$2M -55,535 -3%
MICM
38
Matthews International Capital Management
California
$70.2M -$188K -5,200 -0.3%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$67M -$5.83M -161,436 -9%
CS
40
Credit Suisse
Switzerland
$63.1M -$9.31M -257,986 -14%
Lord, Abbett & Co
41
Lord, Abbett & Co
New Jersey
$62.2M +$56.9M +1,577,905 New
IAM
42
Iridian Asset Management
Connecticut
$61.5M +$56.3M +1,559,930 New
USAA
43
United Services Automobile Association
Texas
$61.4M -$3.92M -108,647 -7%
CFM
44
Coronation Fund Managers
South Africa
$61.3M -$81.8M -2,266,667 -59%
Caisse de Depot et Placement du Quebec (CDPQ)
45
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$60.5M +$29.8M +826,400 +116%
Renaissance Technologies
46
Renaissance Technologies
New York
$60.3M +$44.6M +1,235,000 +421%
FWIA
47
Fort Washington Investment Advisors
Ohio
$59.9M -$2.15M -59,581 -4%
Geode Capital Management
48
Geode Capital Management
Massachusetts
$58.2M +$31.6M +877,016 +146%
Two Sigma Advisers
49
Two Sigma Advisers
New York
$58M +$48.7M +1,348,408 +1,096%
MAMU
50
Marathon Asset Management (UK)
United Kingdom
$57.4M +$48.8M +1,352,912 +1,308%

YUMC Hedge Fund Activity: Q2 2017 in Review

618 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Yum China (YUMC) for Q2 2017, worth a combined $12B — up 46% from $8.23B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new YUMC positions and 45 closed out — a net gain of 67 holders — while 171 added to existing stakes and 205 trimmed.

The largest buyer was BlackRock, adding an estimated $220M. The largest seller was Corvex Management, exiting entirely with an estimated $282M sold.

  • 618 institutional investors held Yum China (YUMC) as of Q2 2017, up from 554 in Q1 2017.
  • Funds reported $12B of Yum China stock for Q2 2017, up 46% quarter-over-quarter.
  • 112 funds opened new Yum China positions in Q2 2017 and 45 closed out, a net change of +67 holders.
  • The largest Yum China buyer in Q2 2017 was BlackRock, an estimated $220M added.
  • The largest Yum China seller in Q2 2017 was Corvex Management, an estimated $282M sold.

Based on aggregated 13F filings for Q2 2017.