Which funds own YUM
Yum Brands Inc in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $1.3bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 5
- at least, of 91 current
- Combined value
- $1.3bn
- as reported
- Opened
- 0
- new this quarter
- Added to
- 3
- already held
- Trimmed or sold out
- 3
- 2 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Wellington Management Group LLP Long-only · $580bn book | $741m | 0.1% | 4,631,940 | +$692m+4,317,526 | Added |
| AllianceBernstein LP Long-only · $302bn book | $229m | 0.1% | 1,474,350 | +$19m+83,253 | Added |
| Point72 Asset Management LP Multi-strategy · $90.7bn book | $209m | 0.2% | 1,309,739 | -$35m-259,992 | Trimmed |
| Freestone Grove Partners LP Multi-strategy · $15.6bn book | $54m | 0.3% | 334,683 | +$7.7m+40,023 | Added |
| Markel Group Inc Activist · $13.1bn book | $39m | 0.3% | 245,213 | +$1.1m0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Holocene Advisors LP · Long/short equity$158m held before
- ExodusPoint Capital Management LP · Multi-strategy$8.2m held before
Ownership through time
At least 17 of the 95 managers whose filings are on file listed YUM in Q2 2026, against 11 in Q2 2013. 1 manager more than in Q1 2026: 1 started a position; 5 listed it again; 1 sold out, by its own filing; 4 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 11
- Q3 2013: 10
- Q4 2013: 8
- Q1 2014: 14
- Q2 2014: 12
- Q3 2014: 11
- Q4 2014: 11
- Q1 2015: 13
- Q2 2015: 16
- Q3 2015: 21
- Q4 2015: 23
- Q1 2016: 19
- Q2 2016: 24
- Q3 2016: 23
- Q4 2016: 20
- Q1 2017: 22
- Q2 2017: 21
- Q3 2017: 16
- Q4 2017: 15
- Q1 2018: 13
- Q2 2018: 17
- Q3 2018: 18
- Q4 2018: 22
- Q1 2019: 23
- Q2 2019: 24
- Q3 2019: 23
- Q4 2019: 19
- Q1 2020: 24
- Q2 2020: 21
- Q3 2020: 18
- Q4 2020: 13
- Q1 2021: 16
- Q2 2021: 8
- Q3 2021: 13
- Q4 2021: 14
- Q1 2022: 24
- Q2 2022: 21
- Q3 2022: 23
- Q4 2022: 24
- Q1 2023: 23
- Q2 2023: 17
- Q3 2023: 14
- Q4 2023: 18
- Q1 2024: 15
- Q2 2024: 14
- Q3 2024: 11
- Q4 2024: 13
- Q1 2025: 22
- Q2 2025: 14
- Q3 2025: 14
- Q4 2025: 11
- Q1 2026: 16
- Q2 2026: 17
- Q2 2013: $3.4bn
- Q3 2013: $3.6bn
- Q4 2013: $4.0bn
- Q1 2014: $3.9bn
- Q2 2014: $4.0bn
- Q3 2014: $2.6bn
- Q4 2014: $2.1bn
- Q1 2015: $2.3bn
- Q2 2015: $2.6bn
- Q3 2015: $3.0bn
- Q4 2015: $2.3bn
- Q1 2016: $3.0bn
- Q2 2016: $3.3bn
- Q3 2016: $2.7bn
- Q4 2016: $2.1bn
- Q1 2017: $2.8bn
- Q2 2017: $3.5bn
- Q3 2017: $3.6bn
- Q4 2017: $4.0bn
- Q1 2018: $4.1bn
- Q2 2018: $2.5bn
- Q3 2018: $2.7bn
- Q4 2018: $2.8bn
- Q1 2019: $3.0bn
- Q2 2019: $3.5bn
- Q3 2019: $3.0bn
- Q4 2019: $2.3bn
- Q1 2020: $2.1bn
- Q2 2020: $3.2bn
- Q3 2020: $3.7bn
- Q4 2020: $4.7bn
- Q1 2021: $4.7bn
- Q2 2021: $4.7bn
- Q3 2021: $5.2bn
- Q4 2021: $6.3bn
- Q1 2022: $6.2bn
- Q2 2022: $6.5bn
- Q3 2022: $4.0bn
- Q4 2022: $4.8bn
- Q1 2023: $4.4bn
- Q2 2023: $4.3bn
- Q3 2023: $3.5bn
- Q4 2023: $3.7bn
- Q1 2024: $4.2bn
- Q2 2024: $4.4bn
- Q3 2024: $2.8bn
- Q4 2024: $2.6bn
- Q1 2025: $3.4bn
- Q2 2025: $1.8bn
- Q3 2025: $1.9bn
- Q4 2025: $1.4bn
- Q1 2026: $2.6bn
- Q2 2026: $3.4bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- T. Rowe Price Associates Inc2,004,140 to 2,896,631 shares+$143m
- Invesco Ltd4,036,226 to 4,846,026 shares+$129m
- Voloridge Investment Management LLCnew: 151,763 shares+$24m
- Neuberger Berman Group LLC430,829 to 551,636 shares+$19m
- AllianceBernstein LP1,391,097 to 1,474,350 shares+$13m
Largest decreases, by shares
- Citadel Advisors LLC2,854,992 to 2,093,797 shares-$122m
- Point72 Asset Management LP1,569,731 to 1,309,739 shares-$42m
- Capital Research Global Investors1,375,087 to 1,233,167 shares-$23m
- Hudson Bay Capital Management LP127,004 to 113,267 shares-$2.2m
- Capital World Investors624,715 to 615,422 shares-$1.5m
Left it
- Holocene Advisors LPwas $158m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Invesco Ltd | Q2 2014 | $775m | $775m | |
| Wellington Management Group LLP | Q2 2013 | $740m | $740m | |
| T. Rowe Price Associates Inc | Q2 2016 | $4.7bn | $463m | |
| Citadel Advisors LLC | Q4 2015 | $444m | $335m | |
| AllianceBernstein LP | Q2 2013 | $368m | $229m | |
| Point72 Asset Management LP | Q4 2014 | $244m | $209m | |
| Capital Research Global Investors | Q2 2013 | $1.7bn | $197m | |
| Capital World Investors | Q3 2020 | $2.6bn | $98m | |
| Neuberger Berman Group LLC | Q1 2026 | $88m | $88m | |
| Marshall Wace LLP | Q1 2014 | $87m | $80m | |
| Freestone Grove Partners LP | Q2 2025 | $54m | $54m | |
| Renaissance Technologies LLC | Q1 2014 | $235m | $47m | |
| Markel Group Inc | Q1 2024 | $39m | $39m | |
| Voloridge Investment Management LLC | Q2 2015 | $79m | $24m | |
| Man Group PLC | Q1 2018 | $101m | $22m | |
| Fidelity (FMR LLC) | Q2 2013 | $1.7bn | last listed Q1 2025 | |
| Third Point LLC | Q1 2015 | $927m | last listed Q3 2016 | |
| Lone Pine Capital LLC | Q1 2016 | $827m | last listed Q3 2016 | |
| MFS Investment Management | Q2 2013 | $678m | last listed Q1 2017 | |
| Soroban Capital Partners LP | Q4 2015 | $473m | last listed Q4 2024 | |
| Arrowstreet Capital LP | Q1 2017 | $361m | last listed Q1 2025 | |
| D. E. Shaw & Co. | Q3 2016 | $356m | last listed Q2 2025 | |
| Millennium Management LLC | Q1 2014 | $352m | last listed Q1 2025 | |
| Two Sigma Advisers LP | Q1 2014 | $254m | last listed Q1 2025 | |
| AQR Capital Management LLC | Q2 2015 | $229m | last listed Q4 2022 |
What YUM is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around YUM →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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