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Yum China

700 hedge funds and large institutions have $17.3B invested in Yum China in 2023 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 219 increasing their positions, 241 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more funds holding in top 10

Funds holding in top 10: 1114 (+3)

3% less capital invested

Capital invested by funds: $17.8B → $17.3B (-$520M)

9% less repeat investments, than reductions

Existing positions increased: 219 | Existing positions reduced: 241

1.36% less ownership

Funds ownership: 75.37%74.01% (-1.4%)

5% less funds holding

Funds holding: 735700 (-35)

25% less call options, than puts

Call options by funds: $73.4M | Put options by funds: $97.8M

35% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 80

Holders
700
Holders Change
-35
Holders Change %
-4.76%
% of All Funds
11.11%
Holding in Top 10
14
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+27.27%
% of All Funds
0.22%
New
52
Increased
219
Reduced
241
Closed
80
Calls
$73.4M
Puts
$97.8M
Net Calls
-$24.4M
Net Calls Change
-$44.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$1.7B -$216M -3,862,971 -11%
BlackRock
2
BlackRock
New York
$1.19B -$178M -3,177,536 -13%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$1.11B +$19.7M +351,502 +2%
JP Morgan Chase
4
JP Morgan Chase
New York
$1.02B +$173M +3,096,004 +20%
Vanguard Group
5
Vanguard Group
Pennsylvania
$903M +$1.55M +27,667 +0.2%
Massachusetts Financial Services
6
Massachusetts Financial Services
Massachusetts
$690M +$16.5M +295,494 +2%
PCM
7
Primavera Capital Management
Cayman Islands
$671M
GAM
8
GuardCap Asset Management
United Kingdom
$481M -$27.3M -488,269 -5%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$436M +$18.9M +337,033 +5%
Fidelity International
10
Fidelity International
Bermuda
$392M +$46.8M +836,179 +14%
State Street
11
State Street
Massachusetts
$362M -$6.74M -120,390 -2%
Norges Bank
12
Norges Bank
Norway
$336M -$3.05M -54,582 -0.9%
Loomis, Sayles & Company
13
Loomis, Sayles & Company
Massachusetts
$333M -$9.38M -167,628 -3%
BCF
14
BLS Capital Fondsmaeglerselskab
Denmark
$331M +$24.6M +439,775 +8%
Bank of America
15
Bank of America
North Carolina
$311M +$15.9M +283,314 +5%
Schroder Investment Management Group
16
Schroder Investment Management Group
United Kingdom
$270M +$51.3M +916,418 +23%
Principal Financial Group
17
Principal Financial Group
Iowa
$211M -$8.14M -145,453 -4%
Amundi
18
Amundi
France
$208M +$63.3M +1,131,853 +41%
VAM
19
Vontobel Asset Management
New York
$200M -$27.1M -484,918 -13%
UBS AM
20
UBS AM
Illinois
$195M +$17.7M +316,297 +10%
Neuberger Berman Group
21
Neuberger Berman Group
New York
$194M -$5.66M -101,139 -3%
Mitsubishi UFJ Trust & Banking
22
Mitsubishi UFJ Trust & Banking
Japan
$192M +$3.42M +61,063 +2%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$188M +$7.58M +135,533 +4%
Allspring Global Investments
24
Allspring Global Investments
North Carolina
$186M +$1.07M +19,148 +0.6%
Legal & General Group
25
Legal & General Group
United Kingdom
$175M -$35.5M -635,392 -17%

YUMC Hedge Fund Activity: Q3 2023 in Review

700 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Yum China (YUMC) for Q3 2023, worth a combined $17.3B — down 2.9% from $17.8B a quarter earlier.

Sellers outnumbered buyers: 80 funds closed out of YUMC and 52 opened new positions — a net loss of 28 holders — while 241 trimmed existing stakes and 219 added.

The largest buyer was JP Morgan Chase, adding an estimated $173M. The largest seller was Invesco, cutting an estimated $216M.

  • 700 institutional investors held Yum China (YUMC) as of Q3 2023, down from 735 in Q2 2023.
  • Funds reported $17.3B of Yum China stock for Q3 2023, down 2.9% quarter-over-quarter.
  • 52 funds opened new Yum China positions in Q3 2023 and 80 closed out, a net change of -28 holders.
  • The largest Yum China buyer in Q3 2023 was JP Morgan Chase, an estimated $173M added.
  • The largest Yum China seller in Q3 2023 was Invesco, an estimated $216M sold.

Based on aggregated 13F filings for Q3 2023.