Exited position

Bill Ackman’s Yum Brands Inc (YUM) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Pershing Square Capital ManagementVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ1 2010Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares15.20MHighest verified quarter-end share count
Quarters reported2Verified quarters with shares above zero
What happened?

Pershing Square Capital Management first reported Yum Brands Inc in Q1 2010. The reported position was reduced across later filings. The latest verified relationship event shows that Pershing Square Capital Management sold the entire position in Q3 2010, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q3 2010
Sold the entire position−1.91M shares · No shares reported at quarter-end
Q2 2010
Sold 87.5% of the position−13.29M shares · 1.91M shares remained
Filing context

Quarter-end price $39.04 · Estimated holding basis $38.33

Q1 2010
New position+15.20M shares · 15.20M shares reported
Filing context

Quarter-end price $38.33 · Estimated holding basis $38.33

Portfolio importance

How important was Yum Brands Inc in Pershing Square Capital Management’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight2.1%Q2 2010
Last reported rank#7of 10 reported positions
Peak portfolio weight17.6%Q1 2010
Best historical rank#3Q1 2010
At peak importanceQ1 2010
YUM
17.6%
Largest holding
32.8%
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$140.872026-09-11

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

This tracker follows Pershing Square Capital Management’s Form 13F disclosures. It is not Bill Ackman’s personal brokerage account, and 13F filings do not reveal exact trade dates or execution prices.