Trian Fund Management 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 12 US equity positions worth $6.8bn in its Q1 2014 13F filing. The largest position was MDLZ at 21.2% of the reported book, followed by IR and PEP. Against the Q4 2013 filing, it opened 1 new position, added to 3 and reduced 3 among the top 12 holdings.
What did Trian Fund Management own in Q1 2014? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | MDLZ Mondelez Intl Inc. | Consumer Defensive | 21.2% | $1.4bn | 41,737,993 | 1% | added |
| 2 | IR Ingersoll-Rand PLC | Industrials | 18.4% | $1.2bn | 11,980,058 | 0% | held |
| 3 | PEP PepsiCo Inc. | Consumer Defensive | 15.3% | $1.0bn | 12,421,546 | 1% | added |
| 4 | Legg Mason Inc. | 9.3% | $632.0m | 12,886,493 | 0% | held | |
| 5 | WEN Wendys Co. | Consumer Cyclical | 8.7% | $591.0m | 64,800,245 | -22% | reduced |
| 6 | Family Dlr Stores Inc. | 7.1% | $485.3m | 8,366,386 | 0% | held | |
| 7 | Du Pont E I De Nemours & Co. | 6.1% | $412.1m | 6,141,364 | 6% | added | |
| 8 | BNY Bank New York Mellon Corp. | Financial Services | 4.8% | $329.3m | 9,330,230 | – | new |
| 9 | LAZ Lazard Ltd | 4.6% | $311.1m | 6,606,540 | -1% | reduced | |
| 10 | ALLE Allegion Pub Ltd Co | Industrials | 4.2% | $283.8m | 2,956,888 | -26% | reduced |
| 11 | GNCIQ GNC Hldgs Inc. | 0.2% | $15.8m | 359,254 | -0% | held | |
| 12 | Tiffany & Co. NEW | 0.0% | $1.1m | 12,632 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.