Institutional Investors Adjust Holdings in Yum! Brands and Intel

Illinois Municipal Retirement Fund lowered its stake in Yum! Brands by 11.9% in the first quarter, holding 109,046 shares worth about $16.95 million after selling 14,788 shares. Other investors such as Econ Financial Services, Magnolia Capital Advisors, Augustine Asset Management, Essex Financial Services and Hilltop Holdings also altered positions with modest increases. Yum! Brands reported earnings of $1.50 per share on revenue of $2.06 billion, announced a $4 billion share‑buyback program and a quarterly dividend of $0.75 per share.

Graphene Investments SAS cut its Intel stake by 27% in the first quarter, retaining 59,100 shares valued at roughly $2.61 million after selling 21,900 shares. Several large investors, including Norges Bank, Capital Research Global Investors, Capital World Investors, Vanguard Group and Morgan Stanley, increased their holdings, collectively owning a majority of Intel’s shares. Intel posted earnings of $0.29 per share on revenue of $13.58 billion, and highlighted an expanded partnership with Google Cloud and the adoption of ASML’s High‑NA EUV equipment.