YUM CHINA HLDGS INC YUMC
COM · Common Stock · CUSIP 98850P109 · ISIN US98850P1093
Chinese fast-food restaurant chain
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersPlano, TX
- Founded2016
- Websiteyumchina.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($16.5m this quarter). Holder counts are more reliable. Shares outstanding: 368.7m as of 2025-08-04, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $45.67. Options: 16 managers hold calls ($140.2m notional), 17 hold puts ($66.6m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 664 |
| Q4 2022 | 734 |
| Q1 2023 | 746 |
| Q2 2023 | 736 |
| Q3 2023 | 702 |
| Q4 2023 | 683 |
| Q1 2024 | 673 |
| Q2 2024 | 629 |
| Q3 2024 | 682 |
| Q4 2024 | 717 |
| Q1 2025 | 736 |
| Q2 2025 | 691 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 258 | 321 |
| Q4 2023 | 240 | 348 |
| Q1 2024 | 275 | 304 |
| Q2 2024 | 248 | 306 |
| Q3 2024 | 307 | 274 |
| Q4 2024 | 276 | 293 |
| Q1 2025 | 291 | 295 |
| Q2 2025 | 260 | 332 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $258.2m | $147.2m | 0.57 |
| Q4 2024 | $268.0m | $131.1m | 0.49 |
| Q1 2025 | $179.3m | $78.1m | 0.44 |
| Q2 2025 | $140.2m | $66.6m | 0.48 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +11.0m |
| JPMORGAN CHASE & CO | Added | +5.2m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +3.5m |
| BLS Capital Fondsmaeglerselskab A/S | Added | +1.4m |
| Carrhae Capital LLP | New | +1.1m |
| Temasek Holdings (Private) Ltd | Added | +868.2k |
| BlackRock, Inc. | Added | +846.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +789.1k |
| DekaBank Deutsche Girozentrale | Added | +781.1k |
| ALLIANCEBERNSTEIN L.P. | Added | +677.9k |
Biggest sellers
| Mirae Asset Global Investments Co., Ltd. | Reduced | -11.4m |
| FMR LLC | Reduced | -8.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -7.2m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Reduced | -4.9m |
| Allspring Global Investments Holdings, LLC | Sold out | -2.6m |
| Driehaus Capital Management LLC | Sold out | -2.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -991.2k |
| LOOMIS SAYLES & CO L P | Reduced | -880.2k |
| MANE GLOBAL CAPITAL MANAGEMENT LP | Sold out | -827.9k |
| UBS Group AG | Reduced | -717.1k |
Biggest calls
| BARCLAYS PLC | Added | $57.4m1.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $35.9m804.0k shares |
| GROUP ONE TRADING LLC | Reduced | $8.7m193.9k shares |
| IMC-Chicago, LLC | Reduced | $8.3m185.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.8m129.7k shares |
| CITADEL ADVISORS LLC | Reduced | $5.1m114.5k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $4.2m943 shares |
| WOLVERINE TRADING, LLC | Added | $3.7m83.8k shares |
| Caption Management, LLC | New | $3.2m72.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m70.3k shares |
Biggest puts
| BARCLAYS PLC | Added | $19.2m430.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.6m325.8k shares |
| Walleye Trading LLC | Added | $5.4m121.7k shares |
| CITADEL ADVISORS LLC | Reduced | $5.1m113.4k shares |
| GROUP ONE TRADING LLC | Reduced | $4.8m108.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.4m97.9k shares |
| IMC-Chicago, LLC | Added | $2.4m52.9k shares |
| Capula Management Ltd | Not comparable | $2.2m50.0k shares |
| Caption Management, LLC | New | $2.2m50.0k shares |
| PEAK6 LLC | Added | $2.1m46.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| JPMORGAN CHASE & CO 13G · institution -1.9 pts · filed 2026-10-15 | 5.7% |
| PRINCIPAL GLOBAL INVESTORS 13G · institution new · filed 2025-11-06 | 5.5% |
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 1 | $647.6k | 2 | $266.5k | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 5 | $619.7k | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $352.7k | — |
| Q1 2025 | 0 | — | 3 | $2.2m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.09% of their portfolio | 29.2m $1.3bn | Added +5.2m |
| ROYAL BANK OF CANADA 0.09% of their portfolio | 21.1m $943.5m | Added +11.0m |
| BlackRock, Inc. 0.02% of their portfolio | 17.7m $792.5m | Added +846.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.42% of their portfolio | 17.6m $785.6m | Added +3.5m |
| VANGUARD GROUP INC 0.01% of their portfolio | 15.4m $690.8m | Added +142.4k |
| BLS Capital Fondsmaeglerselskab A/S 20.58% of their portfolio | 14.3m $638.6m | Added +1.4m |
| Primavera Capital Management Ltd 86.48% of their portfolio | 12.0m $538.1m | Unchanged |
| GUARDCAP ASSET MANAGEMENT Ltd 8.24% of their portfolio | 9.4m $420.1m | Reduced -284.8k |
| Dodge & Cox 0.21% of their portfolio | 8.5m $380.8m | Added +3.3k |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 5.9m $262.5m | Added +677.9k |
| STATE STREET CORP 0.01% of their portfolio | 5.8m $260.9m | Reduced -35.6k |
| FIL Ltd 0.19% of their portfolio | 4.9m $219.2m | Reduced -334.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 4.8m $214.2m | Added +789.1k |
| NORGES BANK 0.03% of their portfolio | 4.5m $201.8m | Added +299.1k |
| W1M Investment Management Ltd 2.65% of their portfolio | 4.3m $192.8m | Added +316.5k |
| LOOMIS SAYLES & CO L P 0.24% of their portfolio | 4.3m $192.8m | Reduced -880.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 4.1m $185.2m | Reduced -42.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.1m $182.7m | Reduced -296.2k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 4.0m $177.8m | Added +140.0k |
| Mawer Investment Management Ltd. 0.85% of their portfolio | 3.8m $168.6m | Reduced -274.2k |
| Temasek Holdings (Private) Ltd 0.65% of their portfolio | 3.7m $166.4m | Added +868.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 3.4m $153.9m | Reduced -991.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 3.4m $151.9m | Reduced -149.5k |
| Invesco Ltd. 0.02% of their portfolio | 3.2m $143.3m | Reduced -229.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 2.9m $130.8m | Reduced -7.2m |
| MORGAN STANLEY 0.01% of their portfolio | 2.7m $120.7m | Reduced -377.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.3m $103.9m | Added +352.8k |
| FMR LLC 0.01% of their portfolio | 2.3m $101.9m | Reduced -8.1m |
| Legal & General Group Plc 0.02% of their portfolio | 2.2m $100.1m | Reduced -152.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.2m $96.4m | Reduced -17.3k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 2.0m $89.4m | Reduced -109.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.0m $88.0m | Reduced -109.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.9m $86.5m | Added +221.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 1.8m $80.1m | Reduced -61.0k |
| BARCLAYS PLC 0.03% of their portfolio | 1.7m $75.9m | Added +397.7k |
| Alberta Investment Management Corp 0.59% of their portfolio | 1.7m $74.6m | Reduced -385.2k |
| UBS Group AG 0.02% of their portfolio | 1.6m $73.5m | Reduced -717.1k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 1.5m $69.4m | Added +44.2k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 1.4m $63.4m | Reduced -139.5k |
| Amundi 0.02% of their portfolio | 1.4m $63.0m | Reduced -120.0k |
| Vontobel Holding Ltd. 0.20% of their portfolio | 1.4m $60.7m | Reduced -77.8k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 1.3m $58.1m | Reduced -188.7k |
| MARSHALL WACE, LLP 0.06% of their portfolio | 1.1m $50.7m | Reduced -678.7k |
| Carrhae Capital LLP 4.67% of their portfolio | 1.1m $48.9m | New |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 1.1m $48.8m | Added +476.8k |
| Man Group plc 0.11% of their portfolio | 1.1m $48.7m | Added +540.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 1.1m $48.2m | Added +13.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 1.0m $45.7m | Added +15.9k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 1.0m $45.3m | Added +781.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 960.5k $43.0m | Reduced -20.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.07% of their portfolio | 923.5k $41.3m | Reduced -27.1k |
| PINEBRIDGE INVESTMENTS, L.P. 2.50% of their portfolio | 896.6k $315.1m | Added +241.0k |
| Perseverance Asset Management International 9.93% of their portfolio | 882.6k $39.5m | Reduced -218.5k |
| Swiss National Bank 0.02% of their portfolio | 849.9k $38.0m | Reduced -12.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 840.9k $37.6m | Reduced -26.9k |
| TODD ASSET MANAGEMENT LLC 0.77% of their portfolio | 795.0k $35.5m | Added +364.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 776.9k $34.7m | Added +86.8k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 738.2k $33.0m | Added +588.6k |
| W1M Asset Management Ltd 2.49% of their portfolio | 734.6k $32.8m | Added +127.1k |
| Nuveen, LLC 0.01% of their portfolio | 721.7k $32.3m | Reduced -47.1k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 677.0k $30.3m | Added +94.9k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 569.7k $25.5m | Reduced -4.9m |
| Avanda Investment Management Pte. Ltd. 14.03% of their portfolio | 553.5k $24.8m | Reduced -32.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 536.5k $24.0m | New |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 522.7k $23.4m | Added +113.4k |
| RV Capital AG 4.07% of their portfolio | 492.3k $22.0m | Unchanged |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.18% of their portfolio | 487.7k $21.8m | Added +217.7k |
| Public Sector Pension Investment Board 0.09% of their portfolio | 484.9k $21.7m | Added +341.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.06% of their portfolio | 477.5k $21.4m | Added +22.0k |
| Pictet North America Advisors SA 2.12% of their portfolio | 474.8k $21.1m | Reduced -55.3k |
| AVIVA PLC 0.04% of their portfolio | 470.6k $21.0m | Reduced -60.0k |
| TWINBEECH CAPITAL LP 0.47% of their portfolio | 465.5k $20.8m | New |
| Ninety One UK Ltd 0.05% of their portfolio | 451.5k $20.2m | New |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 449.5k $20.1m | Added +44.6k |
| HERITAGE INVESTORS MANAGEMENT CORP 0.59% of their portfolio | 420.6k $18.8m | Reduced -1.7k |
| Magellan Asset Management Ltd 0.21% of their portfolio | 413.4k $18.5m | New |
| Holowesko Partners Ltd. 6.58% of their portfolio | 394.5k $17.6m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 387.4k $17.3m | Reduced -26.1k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.04% of their portfolio | 372.8k $16.7m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 363.7k $16.3m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 354.9k $15.8m | Reduced -31.7k |
| Korea Investment CORP 0.03% of their portfolio | 347.0k $15.5m | Added +30.3k |
| GF FUND MANAGEMENT CO. LTD. 0.30% of their portfolio | 330.3k $14.8m | Reduced -80.5k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 327.9k $14.7m | New |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 3.33% of their portfolio | 324.0k $14.5m | Reduced -146.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 314.5k $14.1m | Reduced -14.7k |
| ASSETMARK, INC 0.03% of their portfolio | 309.9k $13.9m | Added +114.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.08% of their portfolio | 301.4k $13.5m | Added +153.0k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 298.0k $13.3m | Reduced -234.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.03% of their portfolio | 297.7k $13.3m | Added +64.8k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 292.8k $13.1m | Reduced -8.4k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 283.3k $12.7m | Unchanged |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 280.8k $12.6m | Reduced -135.2k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.11% of their portfolio | 263.7k $11.8m | Unchanged |
| BARINGS LLC 0.27% of their portfolio | 260.8k $11.7m | Reduced -187.1k |
| CITIGROUP INC 0.01% of their portfolio | 249.2k $11.1m | Reduced -706.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 241.1k $10.8m | Added +190.2k |
| BLI - Banque de Luxembourg Investments 0.30% of their portfolio | 236.0k $10.6m | Reduced -140.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 232.9k $10.4m | Added +153.5k |
| COATUE MANAGEMENT LLC 0.03% of their portfolio | 231.3k $10.3m | New |