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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
UBS Group
51
UBS Group
Switzerland
$54.8M +$16.4M +454,737 +49%
Victory Capital Management
52
Victory Capital Management
Texas
$52.2M +$47.8M +1,323,290 New
PI
53
Putnam Investments
Massachusetts
$49.3M +$43.4M +1,203,428 +2,613%
Citadel Advisors
54
Citadel Advisors
Florida
$49M -$12.5M -346,439 -22%
New York State Common Retirement Fund
55
New York State Common Retirement Fund
New York
$46.1M +$9.82M +272,179 +30%
Los Angeles Capital Management
56
Los Angeles Capital Management
California
$44.6M +$38.7M +1,073,224 +1,885%
Alkeon Capital Management
57
Alkeon Capital Management
New York
$43.4M +$39.7M +1,100,000 New
AQR Capital Management
58
AQR Capital Management
Connecticut
$43M +$609K +16,865 +2%
Manulife (Manufacturers Life Insurance)
59
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$40.1M +$547K +15,144 +2%
AA
60
AQR Arbitrage
Connecticut
$38.8M +$4.21M +116,709 +13%
Sumitomo Mitsui Trust Group
61
Sumitomo Mitsui Trust Group
Japan
$38.4M +$3M +83,150 +9%
Arrowstreet Capital
62
Arrowstreet Capital
Massachusetts
$38.4M +$27.1M +750,946 +338%
HSBC Holdings
63
HSBC Holdings
United Kingdom
$37.1M +$4.89M +135,563 +17%
Balyasny Asset Management
64
Balyasny Asset Management
Illinois
$36.3M +$11.1M +308,656 +50%
CBT
65
Capital Bank & Trust
California
$35.6M +$32.5M +901,695 New
PPA
66
Parametric Portfolio Associates
Washington
$35M +$2.09M +57,953 +7%
Swiss National Bank
67
Swiss National Bank
Switzerland
$34.2M +$841K +23,300 +3%
Acadian Asset Management
68
Acadian Asset Management
Massachusetts
$34.1M +$21.8M +604,408 +231%
California Public Employees Retirement System
69
California Public Employees Retirement System
California
$33M -$30.4M -843,162 -50%
MWNA
70
Marshall Wace North America
New York
$31.8M -$20.8M -577,565 -41%
PAMU
71
Pictet Asset Management (UK)
United Kingdom
$31.1M +$5.33M +147,600 +22%
Teacher Retirement System of Texas
72
Teacher Retirement System of Texas
Texas
$30.8M +$2.82M +78,213 +11%
Mitsubishi UFJ Trust & Banking
73
Mitsubishi UFJ Trust & Banking
Japan
$29.4M +$3.72M +103,200 +16%
MAM
74
Martingale Asset Management
Massachusetts
$28.4M +$19.7M +545,538 +312%
OAM
75
Oxford Asset Management
United Kingdom
$28.3M +$16.3M +452,475 +171%

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.