Nelson Peltz's Trian fund pares stakes in Ferguson, Sysco
Nov. 14, 2022 5:16 PM ETFerguson plc (FERG), SYY, WEN, MDLZ, JHG, IVZ, PG, GEBy: Liz Kiesche, SA News Editor1 Comment
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- Trian Fund Management didn't take any new stakes or exit any holdings during Q3 2022, according to its 13F filing.
- The fund, run by Nelson Peltz, reduced its stake in Ferguson Plc (NYSE:FERG) to ~11.2M shares from ~12.8M and in Sysco (NYSE:SYY) to ~7.18M shares from 8.79M in the quarter ended Sept. 30, 2022.
- The firm's holdings in General Electric (NYSE:GE) increased slightly to ~4.027M shares from 4.026M and in Procter & Gamble (NYSE:PG) to 5,589 shares from 5,457.
- Its stakes in Invesco (NYSE:IVZ), Janus Henderson (NYSE:JHG), Mondelez (NASDAQ:MDLZ) and Wendy's (NASDAQ:WEN) remained unchanged.
- In Q2, Trian expanded its stake in GE and trimmed holdings in Sysco and Mondelez.