Trian Fund Management 13F holdings, Q3 2014
Holdings as of September 30, 2014 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 11 US equity positions worth $8.3bn in its Q3 2014 13F filing. The largest position was PEP at 20.1% of the reported book, followed by MDLZ and IR. Against the Q2 2014 filing, it opened 0 new positions, added to 4 and reduced 1 among the top 11 holdings.
What did Trian Fund Management own in Q3 2014? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2014 |
|---|---|---|---|---|---|---|---|
| 1 | PEP PepsiCo Inc. | Consumer Defensive | 20.1% | $1.7bn | 17,865,831 | 38% | added |
| 2 | MDLZ Mondelez Intl Inc. | Consumer Defensive | 17.3% | $1.4bn | 41,741,854 | 0% | held |
| 3 | IR Ingersoll-Rand PLC | Industrials | 16.0% | $1.3bn | 12,821,051 | 7% | added |
| 4 | BNY Bank New York Mellon Corp. | Financial Services | 13.5% | $1.1bn | 28,897,639 | 51% | added |
| 5 | Legg Mason Inc. | 8.0% | $659.3m | 12,887,964 | 0% | held | |
| 6 | Family Dlr Stores Inc. | 7.8% | $646.2m | 8,366,386 | 0% | held | |
| 7 | WEN Wendys Co. | Consumer Cyclical | 6.5% | $535.2m | 64,800,245 | 0% | held |
| 8 | Du Pont E I De Nemours & Co. | 6.0% | $499.4m | 6,959,877 | 13% | added | |
| 9 | LAZ Lazard Ltd | 3.0% | $252.2m | 4,973,851 | -25% | reduced | |
| 10 | ALLE Allegion Pub Ltd Co | Industrials | 1.8% | $145.4m | 1,655,388 | 0% | held |
| 11 | Tiffany & Co. NEW | 0.0% | $1.3m | 13,412 | 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.