Assenagon Asset Management Trims Stake in Yum! Brands

The investment firm reduced its holdings in the restaurant operator by over 50% in the fourth quarter.

Mar. 27, 2026 at 7:22am

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Assenagon Asset Management S.A. cut its holdings in Yum! Brands, Inc. (NYSE:YUM) by 51.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,572 shares of the restaurant operator's stock after selling 113,937 shares during the quarter.

Why it matters

Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is a major player in the quick-service restaurant industry. Changes in institutional ownership of the stock can provide insights into broader market sentiment and investment trends around the company.

The details

Assenagon Asset Management reduced its stake in Yum! Brands by over 50% in the fourth quarter, from 223,509 shares to 109,572 shares. The firm's holdings in Yum! were valued at $16,576,000 at the end of the quarter. Other institutional investors have also recently modified their holdings of the company, with some increasing and others decreasing their positions.

  • Assenagon Asset Management filed its 13F report for the 4th quarter of 2025.

The players

Assenagon Asset Management S.A.

An investment management firm that reduced its stake in Yum! Brands by over 50% in the fourth quarter.

Yum! Brands, Inc.

A global quick-service restaurant company that operates the KFC, Pizza Hut, and Taco Bell brands.

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The takeaway

The reduction in Assenagon's Yum! Brands holdings could signal a shift in investor sentiment around the restaurant operator, though broader market trends and the firm's own investment strategy are likely factors as well. The changes in institutional ownership are worth monitoring as they can provide clues about the stock's future performance.