Bank of New York Mellon Corp (BK), Mondelez International Inc (MDLZ): Billionaire Nelson Peltz Keeps Buying More Shares

In addition to Trian, among the shareholders of Bank of New York Mellon Corp (NYSE:BK) are 50 other funds from our database, including eight funds managed by billionaires. Warren Buffett, Andreas Halvorsen, Mason Hawkins and Mario Gabelli are only a few of the billionaires that own long positions in Bank of New York. Warren Buffett’s Berkshire Hathaway was one of the largest shareholders among funds that we track, holding 22.01 million shares of the company as of the end of 2014.

Mr. Peltz was been appointed to the board of Mondelez International Inc (NASDAQ:MDLZ) around a year ago, but before that the investor had been pushing for a merger between Mondelez and PepsiCo. The investor’s plan, which seemed to be well-received by other shareholders, involved a merger between the two companies followed by a spin-off of PepsiCo’s beverages segment. The deal would’ve created one of the largest snacks companies in the world, if not the largest. However, since he has been appointed to the board of Mondelez, Mr. Peltz seems to have abandoned his plans.

Mondelez International Inc (NASDAQ:MDLZ) is the most popular consumer defensive stock among billionaires, being included in the equity portfolios of 12 billionaires’ funds. Other billionaire investors that are fond of Mondelez include Mason Hawkins of Southeastern Asset Management, who owns some 26.74 million shares, and Jim Simons of Renaissance Technologies, who nearly doubled his position in Mondelez to 5.62 million shares during the fourth quarter.

Mondelez International Inc (NASDAQ:MDLZ) and PepsiCo have both been the two largest holdings in Trian’s 13F portfolio for more than a year, until the last quarter of 2014. However, it now seems that Mr. Peltz will focus the majority of his attention on DuPont, in which he raised his stake by 250% to 24.31 million shares, the position accounting for almost 20% of Trian’s equity portfolio.

Disclosure: None