Trian Fund Management 13F holdings, Q2 2020
Holdings as of June 30, 2020 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 10 US equity positions worth $5.5bn in its Q2 2020 13F filing. The largest position was SYY at 24.1% of the reported book, followed by PG and MDLZ. Against the Q1 2020 filing, it opened 3 new positions, added to 1 and reduced 4 among the top 10 holdings.
What did Trian Fund Management own in Q2 2020? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2020 |
|---|---|---|---|---|---|---|---|
| 1 | SYY Sysco Corp. | Consumer Defensive | 24.1% | $1.3bn | 24,379,843 | 3% | added |
| 2 | PG Procter and Gamble Co. | Consumer Defensive | 23.4% | $1.3bn | 10,825,852 | -65% | reduced |
| 3 | MDLZ Mondelez Intl Inc. | Consumer Defensive | 14.7% | $810.4m | 15,848,921 | 0% | held |
| 4 | WEN Wendys Co. | Consumer Cyclical | 10.5% | $580.0m | 26,630,629 | 0% | held |
| 5 | GE General Electric Co. | Industrials | 7.3% | $405.2m | 59,332,322 | -8% | reduced |
| 6 | CMCSA Comcast Corp New | Communication Services | 5.0% | $279.1m | 7,159,000 | – | new |
| 7 | IVZ Invesco Ltd | Financial Services | 4.3% | $237.0m | 22,026,991 | – | new |
| 8 | NVT nVent Electric Plc | Industrials | 4.2% | $232.1m | 12,391,442 | -9% | reduced |
| 9 | Janus Henderson Group PLC | 3.4% | $189.0m | 8,932,350 | – | new | |
| 10 | BNY Bank New York Mellon Corp. | Financial Services | 3.1% | $169.4m | 4,383,286 | -55% | reduced |
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.