Peltz's Trian Reports Fewer Holdings; No PepsiCo, CBS Stakes
February 14 2012 - 8:18PM
Dow Jones News
Activist investor Nelson Peltz's money management company
reported that it held shares of significantly fewer companies in
the quarter ended Dec. 31 and no longer reported stakes in PepsiCo
Inc. (PEP) and CBS Corp. (CBS).
Peltz's Trian Fund Management LP no longer reported holding five
of the 13 stocks it previously held, including an S&P 500
Spider ETF.
Peltz's company made the disclosures in a quarterly regulatory
filing with the Securities and Exchange Commission.
Many investors who manage more than $100 million are required to
disclose most securities holdings within a month and a half of the
end of a quarter. The filings give the public a relatively fresh
look at the portfolios of well-known investors.
The fund also reported reduced holdings in Kraft Foods Inc.
(KFT). The fund reported holdings of roughly 13.7 million shares,
about a fifth less than the previous quarter. Trian, which was
founded by Peltz, Peter May and Edward Garden, was one of several
funds that pushed Kraft to focus on its snacks business by spinning
off its North American grocery unit.
Trian reported holding more shares of Family Dollar Stores Inc.
(FDO) than it had the previous quarter, raising its overall stake
by nearly a third to nearly 10 million shares.
-By Ian Sherr, Dow Jones Newswires; 415-439-6455;
ian.sherr@dowjones.com
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