Why Anheuser-Busch InBev SA NV (ADR) (BUD), Liberty Broadband Corp (LBRDK) And More Could Be Good Investments

In Yum! Brands, Inc. (NYSE:YUM), the fund decided to lower its stake in the June quarter, by 2%, to 5.32 million shares, which were valued at $441.44 million. The large position paid off, as the stock returned 10.1% in the following three months.

Heading into the third quarter of 2016, a total of 46 of the hedge funds tracked by Insider Monkey were bullish on this stock, a 10% drop from one quarter earlier. Among these funds, Corvex Capital held the most valuable stake in Yum! Brands, Inc. (NYSE:YUM), which was worth $1.74 billion at the end of the second quarter. On the second spot was Lone Pine Capital, which amassed $826.9 million worth of shares. Moreover, Third Point and AQR Capital Management were also bullish on Yum! Brands, Inc. (NYSE:YUM).

In the end, is Walgreens Boots Alliance Inc (NASDAQ:WBA), in which the fund boosted its stake in the June quarter by 182% to 5.24 million shares, valued at $436.74 million. We can say that the fund jumped the gun here, considering that the company delivered a negative return of 2.7% in the third quarter.

At Q2’s end, a total of 67 of the hedge funds tracked by Insider Monkey were bullish on this stock, down by 7% quarter-over-quarter. One of the largest stakes in Walgreens Boots Alliance Inc (NASDAQ:WBA) was held by Highfields Capital Management which amassed $422.9 million worth of shares. Moreover, JANA Partners, the Bill & Melinda Gates Foundation Trust, and Viking Global were also bullish on Walgreens Boots Alliance Inc (NASDAQ:WBA).

Disclosure: None