By Christian Berthelsen
Financier Nelson Peltz's Trian Fund Management reported no
position in the food company formerly known as Kraft Foods Inc. in
a securities filing late Thursday, after previous disclosures
showed it was one of the fund's largest holdings.
As of the end of September, Trian reported holding more than
eight million shares of Kraft valued at $336 million, but reported
no such holdings in successor company Mondelez International Inc.
(MDLZ) or in the spun-off North American grocery operations, Kraft
Foods Group Inc. (KRFT).
Trian reported reduced holdings in custody bank State Street
Corp. (STT), owning 3.1 million shares valued at $148 million as of
the end of December. Three months prior, Trian reported holding
more than nine million shares valued at $386 million.
The fund reported a new holding in Richmond, Va., packaging
company MeadWestvaco Corp. (MWV), which produces packaging for
companies in the health-care, beauty and tobacco industries, among
others. Trian reported holding 1.6 million shares in the company
with a value of $51 million.
The fund's holdings in other companies, including hamburger
chain Wendy's Co. (WEN), jeweler Tiffany & Co. (TIF), discount
retailer Family Dollar Stores Inc. (FDO) and food company H.J.
Heinz Co. (HNZ), among others, remained level with the prior
quarter. The fund may have made other moves that weren't publicly
disclosed. Its filing to the U.S. Securities and Exchange
Commission said the company had omitted "confidential information"
and filed it separately with the SEC.
Write to Christian Berthelsen at
christian.berthelsen@dowjones.com
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