4 Best Stocks to Buy According to Billionaire Nelson Peltz

3. Janus Henderson Group plc (NYSE:JHG)

Trian Partners’ Stake Value: $749,212,000

Percentage of Trian Partners’ 13F Portfolio: 16.46%       

Number of Hedge Fund Holders: 23

Founded in 1934, Janus Henderson Group plc (NYSE:JHG) is a London-based global asset manager that boasts combined assets under management (AUM) of close to £250 billion ( almost$300 billion) as of June 30, 2022. Among hedge funds covered by Insider Monkey, Trian Partners was Janus Henderson Group plc (NYSE:JHG) largest shareholder at the end of Q2, followed by John W. Rogers’s Ariel Investments, which held 3.53 million shares, and billionaire Ken Fisher’s Fisher Asset Management, which owned 1.65 million shares.

Trian initiated its stake during the second quarter of 2020, and in February this year, the company announced the appointment of Trian’s Nelson Peltz and Ed Garden on its board. At the time of joining Janus Henderson Group plc’s (NYSE:JHG) board, Mr. Peltz and Mr. Garden commented:

“As the Company’s largest shareholder, Trian believes strongly in the future of Janus Henderson. We see numerous operating and strategic opportunities ahead and look forward to working with the Janus Henderson Board and its leadership team to help Janus Henderson create significant long-term value for the benefit of all stakeholders.”

Following a rapid rise from April 2020 until November 2021, Janus Henderson Group plc’s (NYSE:JHG) stock seems to have fallen from a cliff as it has lost more than half its value from the $48.55 lifetime high it made last year. 4 of the 6 analysts on Wall Street who cover the stock currently have a ‘Sell’ rating on it.