Yum China
YUMC
632 hedge funds and large institutions have $10.5B invested in Yum China in 2018 Q3 according to their latest regulatory filings, with 70 funds opening new positions, 182 increasing their positions, 222 reducing their positions, and 73 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 10 → 14 (+4)
4% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 73
1% less funds holding
Funds holding: 640 → 632 (-8)
4.92% less ownership
Funds ownership: 82.83% → 77.91% (-4.9%)
14% less capital invested
Capital invested by funds: $12.3B → $10.5B (-$1.77B)
18% less repeat investments, than reductions
Existing positions increased: 182 | Existing positions reduced: 222
31% less call options, than puts
Call options by funds: $90.9M | Put options by funds: $132M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$105M |
| 2 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$71.2M |
| 3 |
VAM
Vontobel Asset Management
New York
|
+$42.2M |
| 4 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
+$37.6M |
| 5 |
MAMU
Marathon Asset Management (UK)
London,
United Kingdom
|
+$36.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$188M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$169M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$130M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$96.7M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$84.5M |
YUMC Hedge Fund Activity: Q3 2018 in Review
632 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Yum China (YUMC) for Q3 2018, worth a combined $10.5B — down 14% from $12.3B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of YUMC and 70 opened new positions — a net loss of 3 holders — while 222 trimmed existing stakes and 182 added.
The largest buyer was Invesco, adding an estimated $105M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $188M sold.
- 632 institutional investors held Yum China (YUMC) as of Q3 2018, down from 640 in Q2 2018.
- Funds reported $10.5B of Yum China stock for Q3 2018, down 14% quarter-over-quarter.
- 70 funds opened new Yum China positions in Q3 2018 and 73 closed out, a net change of -3 holders.
- The largest Yum China buyer in Q3 2018 was Invesco, an estimated $105M added.
- The largest Yum China seller in Q3 2018 was William Blair Investment Management, an estimated $188M sold.
Based on aggregated 13F filings for Q3 2018.