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Yum China

640 hedge funds and large institutions have $12.3B invested in Yum China in 2018 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 184 increasing their positions, 223 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.91% more ownership

Funds ownership: 81.92%82.83% (+0.91%)

3% less funds holding

Funds holding: 658640 (-18)

6% less capital invested

Capital invested by funds: $13.1B → $12.3B (-$799M)

17% less repeat investments, than reductions

Existing positions increased: 184 | Existing positions reduced: 223

21% less first-time investments, than exits

New positions opened: 59 | Existing positions closed: 75

23% less funds holding in top 10

Funds holding in top 10: 1310 (-3)

54% less call options, than puts

Call options by funds: $50.8M | Put options by funds: $110M

Holders
640
Holders Change
-18
Holders Change %
-2.74%
% of All Funds
14.65%
Holding in Top 10
10
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-23.08%
% of All Funds
0.23%
New
59
Increased
184
Reduced
223
Closed
75
Calls
$50.8M
Puts
$110M
Net Calls
-$59.5M
Net Calls Change
-$14.4M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
1
Primavera Capital Management
Cayman Islands
$1.2B +$1.48M +37,364 +0.1%
Aberdeen Group
2
Aberdeen Group
United Kingdom
$1.14B -$41.9M -1,057,215 -3%
BlackRock
3
BlackRock
New York
$1.05B -$22.9M -578,795 -2%
Massachusetts Financial Services
4
Massachusetts Financial Services
Massachusetts
$707M +$177M +4,475,130 +32%
Loomis, Sayles & Company
5
Loomis, Sayles & Company
Massachusetts
$567M +$98M +2,474,953 +20%
ClearBridge Investments
6
ClearBridge Investments
New York
$409M +$13.3M +336,907 +3%
State Street
7
State Street
Massachusetts
$397M -$17.8M -448,905 -4%
JP Morgan Chase
8
JP Morgan Chase
New York
$309M +$8.52M +214,957 +3%
Bank of America
9
Bank of America
North Carolina
$283M +$23.7M +599,351 +9%
O
10
OppenheimerFunds
New York
$260M +$149M +3,753,093 +125%
VAM
11
Vontobel Asset Management
New York
$230M +$233M +5,877,437 New
Fidelity Investments
12
Fidelity Investments
Massachusetts
$207M -$17.8M -448,538 -8%
GAM
13
Genesis Asset Managers
United Kingdom
$201M +$207M +5,219,824 New
William Blair Investment Management
14
William Blair Investment Management
Illinois
$188M -$27.8M -700,820 -13%
Fidelity International
15
Fidelity International
Bermuda
$175M -$28M -706,080 -13%
TCIM
16
TIAA CREF Investment Management
New York
$165M +$29.8M +752,479 +21%
MICM
17
Matthews International Capital Management
California
$154M +$14.9M +376,000 +10%
T. Rowe Price Associates
18
T. Rowe Price Associates
Maryland
$151M -$47M -1,186,968 -23%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$146M -$1.72M -43,537 -1%
IAM
20
Iridian Asset Management
Connecticut
$141M +$15.8M +399,987 +12%
Norges Bank
21
Norges Bank
Norway
$138M +$4.37M +110,335 +3%
Northern Trust
22
Northern Trust
Illinois
$134M -$8.22M -207,506 -6%
Ameriprise
23
Ameriprise
Minnesota
$119M -$2.65M -66,788 -2%
BPIH
24
Broad Peak Investment Holdings
Singapore
$107M
Manulife (Manufacturers Life Insurance)
25
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$95M +$14.2M +358,350 +17%

YUMC Hedge Fund Activity: Q2 2018 in Review

640 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Yum China (YUMC) for Q2 2018, worth a combined $12.3B — down 6.1% from $13.1B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of YUMC and 59 opened new positions — a net loss of 16 holders — while 223 trimmed existing stakes and 184 added.

The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $233M. The largest seller was UBS AM, cutting an estimated $111M.

  • 640 institutional investors held Yum China (YUMC) as of Q2 2018, down from 658 in Q1 2018.
  • Funds reported $12.3B of Yum China stock for Q2 2018, down 6.1% quarter-over-quarter.
  • 59 funds opened new Yum China positions in Q2 2018 and 75 closed out, a net change of -16 holders.
  • The largest Yum China buyer in Q2 2018 was Vontobel Asset Management, an estimated $233M added.
  • The largest Yum China seller in Q2 2018 was UBS AM, an estimated $111M sold.

Based on aggregated 13F filings for Q2 2018.