Cliff Asness's YUM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 167,268 shares of Yum! Brands, Inc. (YUM) worth $25.3 M, representing 0.01% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in YUM, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2015, adding 3 M shares. Largest reduction occurred in Q3 2016, reducing 1.97 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Yum! Brands (YUM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Yum! Brands (YUM) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +48,230 | Add 40.52% | 167,268 | $151.28 |
| Q3 2025 | -30,524 | Reduce 20.41% | 119,038 | $152.00 |
| Q2 2025 | +87,710 | Add 141.81% | 149,562 | $148.18 |
| Q1 2025 | -4,710 | Reduce 7.08% | 61,852 | $155.03 |
| Q4 2024 | +1,369 | Add 2.10% | 66,562 | $134.16 |
| Q3 2024 | +879 | Add 1.37% | 65,193 | $139.71 |
| Q2 2024 | -57,356 | Reduce 47.14% | 64,314 | $132.46 |
| Q1 2024 | +13,888 | Add 12.89% | 121,670 | $138.60 |
| Q4 2023 | +29,612 | Add 37.88% | 107,782 | $130.66 |
| Q3 2023 | -20,461 | Reduce 20.74% | 78,170 | $124.55 |
| Q2 2023 | +24,586 | Add 33.20% | 98,631 | $137.69 |
| Q1 2023 | -86,329 | Reduce 53.83% | 74,045 | $131.36 |
| Q4 2022 | -130,057 | Reduce 44.78% | 160,374 | $128.08 |
| Q3 2022 | -8,134 | Reduce 2.72% | 290,431 | $106.34 |
| Q2 2022 | +2,506 | Add 0.85% | 298,565 | $112.69 |
| Q1 2022 | +123,514 | Add 71.58% | 296,059 | $118.53 |
| Q4 2021 | +96,203 | Add 126.02% | 172,545 | $138.44 |
| Q3 2021 | -37,477 | Reduce 32.93% | 76,342 | $122.30 |
| Q2 2021 | -80,393 | Reduce 41.39% | 113,819 | $115.03 |
| Q1 2021 | -514,539 | Reduce 72.60% | 194,212 | $108.18 |
| Q4 2020 | -606,642 | Reduce 46.12% | 708,751 | $108.10 |
| Q3 2020 | +18,504 | Add 1.43% | 1.32 M | $91.30 |
| Q2 2020 | +1.01 M | Add 355.85% | 1.3 M | $86.31 |
| Q1 2020 | -36,055 | Reduce 11.25% | 284,500 | $68.53 |
| Q4 2019 | -104,211 | Reduce 24.53% | 320,555 | $100.73 |
| Q3 2019 | -23,811 | Reduce 5.31% | 424,766 | $113.43 |
| Q2 2019 | +74,808 | Add 20.01% | 448,577 | $109.97 |
| Q1 2019 | +153,563 | Add 69.74% | 373,769 | $99.72 |
| Q4 2018 | -35,612 | Reduce 13.92% | 220,206 | $91.92 |
| Q3 2018 | +43,748 | Add 20.63% | 255,818 | $90.91 |
| Q2 2018 | -217 | Reduce 0.10% | 212,070 | $78.22 |
| Q1 2018 | -17,959 | Reduce 7.80% | 212,287 | $85.13 |
| Q4 2017 | -457,386 | Reduce 66.52% | 230,246 | $81.61 |
| Q3 2017 | -160,931 | Reduce 18.97% | 687,632 | $73.61 |
| Q2 2017 | -132,525 | Reduce 13.51% | 848,563 | $73.76 |
| Q1 2017 | -60,421 | Reduce 5.80% | 981,088 | $63.90 |
| Q4 2016 | -445,236 | Reduce 29.95% | 1.04 M | $63.33 |
| Q3 2016 | -1.97 M | Reduce 56.99% | 1.49 M | $65.28 |
| Q2 2016 | -339,773 | Reduce 8.95% | 3.46 M | $59.61 |
| Q1 2016 | -564,500 | Reduce 12.94% | 3.8 M | $58.84 |
| Q4 2015 | +3 M | Add 220.61% | 4.36 M | $52.52 |
| Q3 2015 | +606,692 | Add 80.51% | 1.36 M | $57.48 |
| Q2 2015 | +597,414 | Add 382.51% | 753,595 | $64.76 |
| Q1 2015 | +23,060 | Add 17.32% | 156,181 | $56.59 |
| Q4 2014 | +26,523 | Add 24.88% | 133,121 | $52.37 |
| Q3 2014 | +5,842 | Add 5.80% | 106,598 | $51.75 |
| Q2 2014 | +5,703 | Add 6.00% | 100,756 | $58.38 |
| Q1 2014 | +62,595 | Add 192.85% | 95,053 | $54.20 |
| Q4 2013 | -44,110 | Reduce 57.61% | 32,458 | $54.35 |
| Q3 2013 | +30,477 | Add 66.12% | 76,568 | $51.33 |
| Q2 2013 | +46,091 | Add 0.00% | 46,091 | $49.86 |
| Q4 2012 | +193,748 | Add 0.00% | 193,748 | $47.74 |
Cliff Asness's Yum! Brands Investment FAQs
Cliff Asness first purchased Yum! Brands, Inc. (YUM) in Q4 2012, acquiring 193,748 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Yum! Brands, Inc. (YUM) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Yum! Brands, Inc. (YUM) was in Q4 2015, adding 4,361,261 shares worth $229.04 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 167,268 shares of Yum! Brands, Inc. (YUM), valued at approximately $25.3 M.
As of the Q4 2025 filing, Yum! Brands, Inc. (YUM) represents approximately 0.01% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Yum! Brands, Inc. (YUM) was 4,361,261 shares, as reported at the end of Q4 2015.