5 Stocks to Sell According to Jinghua Yan’s TwinBeech Capital

2. Yum China Holdings, Inc. (NYSE:YUMC)

Number of Hedge Fund Holders: 27
Percentage Decrease in Stake in Q1: 100% 

Yum China Holdings, Inc. (NYSE:YUMC) operates and manages restaurants and fast food businesses in China. Yum China Holdings, Inc. (NYSE:YUMC) was in 27 hedge fund portfolios at the end of the first quarter of 2022. There were 26 hedge funds in our database with Yum China Holdings, Inc. (NYSE:YUMC) holdings at the end of the previous quarter.

In the last quarter of 2021, Jinghua Yan’s TwinBeech Capital owned 214,330 shares of Yum China Holdings, Inc. (NYSE:YUMC), which the hedge fund sold off entirely in the first quarter of 2022. GuardCap Asset Management is a significant shareholder of Yum China Holdings, Inc. (NYSE:YUMC), with 8.94 million shares worth about $371.30 million.

On May 3, Yum China Holdings, Inc. (NYSE:YUMC) published earnings for the first quarter of 2022, announcing earnings per share of $0.24, below estimates by $0.09. However, the $2.67 billion revenue for the period was up 4.3% year-over-year, beating estimates by $70 million.