4 Best Stocks to Buy According to Billionaire Nelson Peltz

2. Invesco Ltd. (NYSE:IVZ)

Trian Partners’ Stake Value: $899,387,000

Percentage of Trian Partners’ 13F Portfolio: 19.76%

Number of Hedge Fund Holders: 25

Apart from Janus Henderson Group plc (NYSE:JHG), Invesco Ltd. (NYSE:IVZ) was another asset manager in which Trian Partners initiated a stake during the second quarter of 2020. However, the trajectory that both these asset management companies and their stocks have followed since then has been quite different. Invesco Ltd. (NYSE:IVZ) manages close to $1.5 trillion in assets and gave board seats to Mr. Peltz and Mr. Garden immediately after Trian Partners initiated their stake.

After joining Invesco Ltd.’s (NYSE:IVZ) board, Mr. Peltz and Mr. Green managed a quick turnaround, with the company’s earnings and operating margins improving substantially. In February, both Mr. Peltz and Mr. Garden resigned from the board but remain confident about the company’s future prospects as Trian Partners’ upped their stake in Invesco Ltd. (NYSE:IVZ) by 4% to 55.75 million shares in Q2.

Although Invesco Ltd.’s (NYSE:IVZ) stock has fared better than Janus Henderson Group plc’s (NYSE:JHG) over the past few quarters, it is still trading at a substantial discount to close to the $30 mark it reached last year. Additionally, funds tracked by Insider Monkey that disclosed a stake in Invesco Ltd. (NYSE:IVZ) have also fallen significantly to 25 at the end of June this year compared to 40 at the same time last year.