Nelson Peltz’s portfolio: Trian Fund Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001345471Latest: Q2 2026
Q3 2014 filing in brief
In its Q3 2014 13F, filed November 13, 2014, Trian Fund Management reported $7.6B across 11 US positions. The largest: PEP (21.9%), MDLZ (18.8%), BNY (14.7%), Ingersoll-Rand PLC (9.5%), LMEUR (8.7%). In the quarter it opened 0 positions, sold out of 0, added to 4 and trimmed 1; positions opened and sold out came to 0% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Nov 13, 2014
- 0 New
- 4 Added
- 1 Trimmed
- 0 Exited
11 positions at September 30, 2014. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | PEP | PepsiCo Inc. | $1.7B | 17.9M | 21.86% | +38.1% | Added |
| 2 | MDLZ | Mondelez Intl Inc. | $1.4B | 41.7M | 18.80% | 0.0% | Held |
| 3 | BNY | Bank New York Mellon Corp. | $1.1B | 28.9M | 14.71% | +51.2% | Added |
| 4 | — | Ingersoll-Rand PLC | $723M | 12.8M | 9.50% | +7.0% | Added |
| 5 | LMEUR | Legg Mason Inc. | $659M | 12.9M | 8.67% | 0.0% | Held |
| 6 | — | Family Dlr Stores Inc. | $646M | 8.4M | 8.49% | 0.0% | Held |
| 7 | WEN | Wendys Co. | $535M | 64.8M | 7.04% | 0.0% | Held |
| 8 | — | Du Pont E I De Nemours & Co. | $499M | 7.0M | 6.56% | +13.3% | Added |
| 9 | — | Lazard Ltd | $252M | 5.0M | 3.31% | −24.7% | Trimmed |
| 10 | ALLE | Allegion Pub Ltd Co | $79M | 1.7M | 1.04% | 0.0% | Held |
| 11 | TIFEUR | Tiffany & Co. NEW | $1M | 13.4K | 0.02% | 0.0% | Held |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.