CBS Corporation (CBS) Out & QUALCOMM, Inc. (QCOM) Jumps to Top of Laurion Capital’s 13F

Yum! Brands, Inc. (NYSE:YUM) represents the second-largest position of Laurion Capital, containing 1.23 million shares valued at $110.51 million, more than double over the quarter. Yum has had a good year so far, marked by strong results for the second quarter. The fast-food company is planning to expand its operations in Turkey by adding 400 KFC restaurants in the country over the next five years. Yum! Brands, Inc. (NYSE:YUM) is expecting KFC sales in Turkey to grow by around 10%, which would make it one of the fastest-growing markets after Russia. Among the hedge funds that have filed their 13Fs for the second quarter of 2015, Columbus Circle Investors, led by Donald Chiboucis, disclosed ownership of 1.11 million shares of Yum! Brands, Inc. (NYSE:YUM) with a value of $99.86 million.

Laurion Capital also owns a significant stake in Weyerhaeuser Co (NYSE:WY) with 2.27 million shares valued at $71.37 million. Moreover, Laurion holds ‘Put’ options underlying around 2.70 million shares of the company. Weyerhaeuser Co (NYSE:WY) owns timberlands extending in more than seven million acres in the United State along with additional timberlands in Canada managed through long-term licenses. The real estate investment trust reported strong financial results for the second quarter with earnings per share of $0.26 exceeding expectations of $0.20, although its revenue fell by 8.0% on the year to $1.81 billion. Fisher Asset Management had 404,393 shares of Weyerhaeuser Co (NYSE:WY) valued at $12.76 million at the end of the second quarter.

Disclosure: None