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Trian Partners

Q2 2016 13F · by Nelson Peltz, CEO

As of
Jun 30, 2016
Filed
Aug 12, 2016
US stock
$10.5B · prev $10.4B
Positions
7 · prev 9
Options notional
$0
Documents
1· no amendments

Picture92.0% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 92.0%
  • Foreign stock not listed in the US 8.0%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves8 since the prior filing

The book

Very concentrated · behaves like 6 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 2.6% a year, more than 30 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions88% of US stock

  1. unresolved General Electric Co added−0.31 pp added−0.3122.4%
  2. SYY Sysco Corporation added+1.78 pp added+1.7821.3%
  3. MDLZ Mondelez International, Inc. Class A added+2.26 pp added+2.2620.8%
  4. BNY Bank of New York Mellon Corporation added+0.64 pp added+0.6411.9%
  5. unresolved Du Pont E I De Nemours & Co trimmed−0.61 pp trimmed−0.6111.9%

Positions7 in this filing · 2 exited

unresolvedGeneral Electric Co22.42%74,766,576$2.4Badded+1%−0.31 pp5 q
SYYSysco Corporation21.25%43,965,695$2.2Badded+2%+1.78 pp5 q
MDLZMondelez International, Inc. Class A20.82%48,031,904$2.2Badded0%+2.26 pp13 q
BNYBank of New York Mellon Corporation11.93%32,220,599$1.3Badded+1%+0.64 pp10 q
unresolvedDu Pont E I De Nemours & Co11.88%19,239,379$1.2Btrimmed−6%−0.61 pp13 q
unresolvedPentair PLC7.96%14,337,040$836Madded0%+0.47 pp5 q
WENThe Wendy's Company3.74%40,792,537$392Mheld—13 q
LMLegg Mason, Inc.—−11,039,896—exited−3.69 pp—
TIFTiffany & Co.—−14,260—exited−0.01 pp—

Source

Form
13F-HR
Reading
2 defects · 3 unresolved
Accession
0001345471-16-000127
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet
  • A row was set aside — invalid CUSIP G7500T104
  • A security outside the official 13F list — CUSIP G7500T104 not on the Official 13(f) List for 2016-06-30