百勝中國控股有限公司
MX ˙ BMV ˙ US98850P1093
SecurityMX:YUMC / Yum China Holdings, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership1,308,668 shares
Latest Disclosed Value $ 63,836,937
Morgan Stanley reports 46.83% decrease in ownership of YUMC / Yum China Holdings, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 1,308,668 shares of Yum China Holdings, Inc. (MX:YUMC) valued at $63,836,937 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,461,426 shares of Yum China Holdings, Inc.. This represents a change in shares of -46.83% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F YUM CHINA HLDGS COM 98850P109 1,308,668 -1,152,758 -46.83 63,837 -45.68 0.0038
2026-05-27 2025-12-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 2,461,426 -53,783 -2.14 117,509 8.85 0.0070
2026-02-13 2025-12-31 13F YUM CHINA HLDGS COM 98850P109 2,461,426 -53,783 117,509
2026-05-27 2025-09-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 2,515,209 -184,986 -6.85 107,953 -10.58 0.0065
2025-11-14 2025-09-30 13F YUM CHINA HLDGS COM 98850P109 2,515,209 -184,986 107,953 0.0065
2025-08-15 2025-06-30 13F YUM CHINA HLDGS COM 98850P109 2,700,195 -377,128 -12.26 120,726 -24.64 0.0079
2025-05-15 2025-03-31 13F YUM CHINA HLDGS COM 98850P109 3,077,323 -1,693,409 -35.50 160,206 -30.29 0.0115
2025-05-15 2024-12-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 4,770,732 645,021 15.63 229,806 23.73 0.0161
2025-02-14 2024-12-31 13F YUM CHINA HLDGS COM 98850P109 4,770,732 645,021 229,806 0.0161
2025-05-14 2024-09-30 13F/A-2 YUM CHINA HLDGS COM 98850P109 4,125,711 1,847,415 81.09 185,740 164.35 0.0135
2025-02-14 2024-09-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 4,125,711 1,847,415 185,740 0.0135
2024-11-14 2024-09-30 13F YUM CHINA HLDGS COM 98850P109 4,125,711 1,847,415 185,740 0.0135
2025-05-14 2024-06-30 13F/A-2 YUM CHINA HLDGS COM 98850P109 2,278,296 -152,159 -6.26 70,263 -27.35 0.0054
2024-10-17 2024-06-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 2,278,296 -152,159 70,263 0.0054
2024-08-14 2024-06-30 13F YUM CHINA HLDGS COM 98850P109 2,278,296 -152,159 70,263 0.0054
2024-10-17 2024-03-31 13F/A-2 YUM CHINA HLDGS COM 98850P109 2,430,455 -590,661 -19.55 96,708 -24.56 0.0078
2024-08-16 2024-03-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 2,430,455 -590,661 96,708 0.0078
2024-05-15 2024-03-31 13F YUM CHINA HLDGS COM 98850P109 2,430,455 -590,661 96,708 0.0078
2024-08-16 2023-12-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 3,021,116 798,241 35.91 128,186 3.49 0.0113
2024-02-13 2023-12-31 13F YUM CHINA HLDGS COM 98850P109 3,021,116 798,241 128,186 0.0113
2023-11-15 2023-09-30 13F YUM CHINA HLDGS COM 98850P109 2,222,875 76,318 3.56 123,859 2.13 0.0126
2023-08-14 2023-06-30 13F YUM CHINA HLDGS COM 98850P109 2,146,557 -152,571 -6.64 121,281 -16.78 0.0120
2023-05-15 2023-03-31 13F YUM CHINA HLDGS COM 98850P109 2,299,128 214,850 10.31 145,742 27.95 0.0156
2023-02-14 2022-12-31 13F YUM CHINA HLDGS COM 98850P109 2,084,278 279,513 15.49 113,906 33.35 0.0129
2022-11-14 2022-09-30 13F YUM CHINA HLDGS COM 98850P109 1,804,765 122,735 7.30 85,420 4.71 0.0116
2022-10-27 2022-06-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,682,030 350,985 26.37 81,579 47.54 0.0106
2022-08-15 2022-06-30 13F YUM CHINA HLDGS COM 98850P109 1,682,030 350,985 81,579 0.0106
2022-10-27 2022-03-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,331,045 -269,919 -16.86 55,292 -30.70 0.0075
2022-05-13 2022-03-31 13F YUM CHINA HLDGS COM 98850P109 1,331,045 -269,919 55,292 0.0075
2022-02-14 2021-12-31 13F YUM CHINA HLDGS COM 98850P109 1,600,964 138,926 9.50 79,792 -6.08 0.0099
2021-11-15 2021-09-30 13F YUM CHINA HLDGS COM 98850P109 1,462,038 -87,363 -5.64 84,959 -17.23 0.0114
2021-08-23 2021-06-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,549,401 427,621 38.12 102,647 54.54 0.0135
2021-08-16 2021-06-30 13F YUM CHINA HLDGS COM 98850P109 1,549,401 427,621 102,647 0.0028
2021-05-17 2021-03-31 13F YUM CHINA HLDGS COM 98850P109 1,121,780 110,003 10.87 66,422 14.99 0.0098
2021-02-16 2020-12-31 13F YUM CHINA HLDGS COM 98850P109 1,011,777 43,023 4.44 57,763 12.61 0.0089
2020-11-13 2020-09-30 13F YUM CHINA HLDGS COM 98850P109 968,754 -4,107 -0.42 51,296 9.68 0.0099
2020-08-14 2020-06-30 13F YUM CHINA HLDGS COM 98850P109 972,861 -115,974 -10.65 46,767 0.75 0.0104
2020-05-26 2020-03-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,088,835 -207,909 -16.03 46,418 -25.44 0.0126
2020-05-15 2020-03-31 13F YUM CHINA HLDGS COM 98850P109 1,088,835 -207,909 46,418 3,565.8701
2020-02-14 2019-12-31 13F YUM CHINA HLDGS COM 98850P109 1,296,744 164,724 14.55 62,257 21.06 0.0145
2019-11-14 2019-09-30 13F YUM CHINA HLDGS COM 98850P109 1,132,020 -200,950 -15.08 51,427 -16.49 0.0136
2019-08-14 2019-06-30 13F YUM CHINA HLDGS COM 98850P109 1,332,970 9,014 0.68 61,582 3.57 0.0164
2019-05-15 2019-03-31 13F YUM CHINA HLDGS COM 98850P109 1,323,956 6,330 0.48 59,459 34.58 0.0168
2019-02-14 2018-12-31 13F YUM CHINA HLDGS COM 98850P109 1,317,626 -112,871 -7.89 44,180 -12.03 0.0132
2019-04-23 2018-09-30 13F/A-2 YUM CHINA HLDGS COM 98850P109 1,430,497 122,857 9.40 50,224 -0.13 0.0126
2018-11-20 2018-09-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,430,497 0 50,224 0.0126
2018-11-14 2018-09-30 13F YUM CHINA HLDGS COM 98850P109 1,430,497 122,857 50,224
2019-04-23 2018-06-30 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,307,640 -2,305,808 -63.81 50,291 -66.46 0.0136
2018-08-14 2018-06-30 13F YUM CHINA HLDGS COM 98850P109 1,307,640 -2,305,808 50,291
2019-04-23 2018-03-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 3,613,448 2,233,523 161.86 149,959 171.55 0.0416
2018-05-14 2018-03-31 13F YUM CHINA HLDGS COM 98850P109 3,613,448 2,233,523 149,959
2019-04-23 2017-12-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,379,925 -911,747 -39.79 55,224 -39.71 0.0151
2018-02-14 2017-12-31 13F YUM CHINA HLDGS COM 98850P109 1,379,925 -911,747 55,224
2017-11-14 2017-09-30 13F YUM CHINA HLDGS COM 98850P109 2,291,672 287,270 14.33 91,598 15.90 0.0274
2017-08-11 2017-06-30 13F YUM CHINA HLDGS COM 98850P109 2,004,402 -450,511 -18.35 79,033 18.36 0.0239
2017-05-22 2017-03-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 2,454,913 480,565 24.34 66,775 29.48 0.0205
2017-05-12 2017-03-31 13F YUM CHINA HLDGS COM 98850P109 2,454,913 66,775
2017-02-22 2016-12-31 13F/A-1 YUM CHINA HLDGS COM 98850P109 1,974,348 1,974,348 51,570 0.0169
2017-02-13 2016-12-31 13F YUM CHINA HLDGS COM 98850P109 1,974,348 51,570 0.0169
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.