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Yum China

682 hedge funds and large institutions have $13.1B invested in Yum China in 2023 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 174 increasing their positions, 247 reducing their positions, and 103 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% more call options, than puts

Call options by funds: $51.3M | Put options by funds: $40M

0.47% more ownership

Funds ownership: 74.01%74.48% (+0.47%)

7% less first-time investments, than exits

New positions opened: 96 | Existing positions closed: 103

3% less funds holding

Funds holding: 700682 (-18)

24% less capital invested

Capital invested by funds: $17.3B → $13.1B (-$4.21B)

30% less repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 247

43% less funds holding in top 10

Funds holding in top 10: 148 (-6)

Holders
682
Holders Change
-18
Holders Change %
-2.57%
% of All Funds
9.94%
Holding in Top 10
8
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-42.86%
% of All Funds
0.12%
New
96
Increased
174
Reduced
247
Closed
103
Calls
$51.3M
Puts
$40M
Net Calls
+$11.3M
Net Calls Change
+$35.7M
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$1.33B +$45.5M +976,828 +3%
BlackRock
2
BlackRock
New York
$838M -$73.5M -1,579,231 -7%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$769M -$83.7M -1,798,066 -9%
JP Morgan Chase
4
JP Morgan Chase
New York
$758M -$19.4M -416,251 -2%
Vanguard Group
5
Vanguard Group
Pennsylvania
$688M +$721K +15,483 +0.1%
Massachusetts Financial Services
6
Massachusetts Financial Services
Massachusetts
$515M -$11.4M -244,679 -2%
PCM
7
Primavera Capital Management
Cayman Islands
$511M
GAM
8
GuardCap Asset Management
United Kingdom
$375M +$9.69M +208,264 +2%
BCF
9
BLS Capital Fondsmaeglerselskab
Denmark
$346M +$103M +2,209,550 +37%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$346M +$15.7M +336,469 +4%
Fidelity International
11
Fidelity International
Bermuda
$322M +$27.1M +582,792 +8%
State Street
12
State Street
Massachusetts
$269M -$6.49M -139,398 -2%
Norges Bank
13
Norges Bank
Norway
$266M +$10.9M +233,098 +4%
Morgan Stanley
14
Morgan Stanley
New York
$256M +$178M +3,819,357 +172%
Loomis, Sayles & Company
15
Loomis, Sayles & Company
Massachusetts
$249M -$5.64M -121,210 -2%
Bank of America
16
Bank of America
North Carolina
$221M -$16.9M -362,323 -6%
Principal Financial Group
17
Principal Financial Group
Iowa
$168M +$9.07M +194,808 +5%
Allspring Global Investments
18
Allspring Global Investments
North Carolina
$160M +$20.2M +433,411 +13%
Mitsubishi UFJ Trust & Banking
19
Mitsubishi UFJ Trust & Banking
Japan
$156M +$10.9M +233,521 +7%
UBS AM
20
UBS AM
Illinois
$145M -$4.31M -92,547 -3%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$143M -$118K -2,540 -0.1%
Legal & General Group
22
Legal & General Group
United Kingdom
$136M +$2.67M +57,462 +2%
Dodge & Cox
23
Dodge & Cox
California
$134M +$147M +3,152,269 +23,769%
AllianceBernstein
24
AllianceBernstein
Tennessee
$128M +$11.4M +244,759 +9%
Amundi
25
Amundi
France
$128M -$28.4M -610,558 -16%

YUMC Hedge Fund Activity: Q4 2023 in Review

682 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Yum China (YUMC) for Q4 2023, worth a combined $13.1B — down 24% from $17.3B a quarter earlier.

Sellers outnumbered buyers: 103 funds closed out of YUMC and 96 opened new positions — a net loss of 7 holders — while 247 trimmed existing stakes and 174 added.

The largest buyer was Morgan Stanley, adding an estimated $178M. The largest seller was Schroder Investment Management Group, cutting an estimated $113M.

  • 682 institutional investors held Yum China (YUMC) as of Q4 2023, down from 700 in Q3 2023.
  • Funds reported $13.1B of Yum China stock for Q4 2023, down 24% quarter-over-quarter.
  • 96 funds opened new Yum China positions in Q4 2023 and 103 closed out, a net change of -7 holders.
  • The largest Yum China buyer in Q4 2023 was Morgan Stanley, an estimated $178M added.
  • The largest Yum China seller in Q4 2023 was Schroder Investment Management Group, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2023.