Trian Fund Management LLC,
led by Nelson Peltz
, focuses on insurance companies, pension funds and university endowments. In a 13F filing, the fund revealed its holding for the fourth quarter. The value of its equity portfolio has marginally increased to $5.93 million from $5.46 million in the third quarter. We have selected five largest holdings - in terms of value - that Trian Fund has held in his equity portfolio, at the end of last year.
Out of the top-five largest value holdings, the first on the list is Mondelez International, Inc., (NASDAQ:MDLZ),
a $59.84 billion market cap, snack manufacturing company
. The position in the company increased to 41.47 million shares, from 40.95 million shares held in the third quarter of last year. The value of the holding went up to $1.46 billion, compared to $1.29 billion.
Second of the top-five companies in Trian
Fund Management’s equity portfolio is PepsiCo, Inc. (NYSE:PEP),
the global food and beverage company. The fund has increased the position marginally to 12.35 million shares in the fourth quarter, with an aggregate value of $1.02 billion.
Third on the top-five list is Wendy’s Co (NASDAQ:WEN)
with 83.00 million shares, valued at $723.76 million. The position remained flat 0ver the quarter; however, the value of the holding increased from $703.84 million. Wendy’s Co (NASADQ:
WEN) is a quick-service restaurant company focused on the hamburger sandwich segment.
Fund’s fourth-largest holding is Ingersoll-Rand Plc (NYSE:IR)
with $672.39 million stake. The fund holds 10.92 million shares, sliced from 12.90 million shares held at the end of the third quarter of last year. The company is a diversified global company and provides solutions to enhance air in homes.
And the last but not the least is Legg Mason Inc. (NYSE:LM)
. The stake has remained unchanged, amassing 12.87 million shares. The value of holding in the asset management company Legg Mason, however, increased to $560.31 million in the last quarter compared to $430.92 million in the third quarter of 2013.
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