Billionaire Nelson Peltz’s Latest Portfolio: Top 5 Stock Picks

2. Invesco Ltd. (NYSE:IVZ)

Number of Hedge Fund Holders: 22

Nelson Peltz’s Trian Partners’ Holdings: $1,404,885,000

Percentage of Nelson Peltz’s Trian Partners’ Portfolio: 23.52%

Stock Price as of June 29: $16.46

Invesco Ltd. (NYSE:IVZ) is an Atlanta, Georgia-based asset management firm with operations in 20 countries and around 8,000 employees. Invesco Ltd. (NYSE:IVZ) caters to the demands of retail and institutional funds. The company serves 70% institutional funds and 30% retail funds.

Invesco Ltd. (NYSE:IVZ) has a dividend yield of 4.6% as of June 29. The stock is currently trading at a price-to-earnings (P/E) multiple of 5x to 6x due to the slump in the stock price of the asset management firm, along with an anticipation of a decline in profitability. In the last decade, Invesco Ltd. (NYSE:IVZ) stock has traded at a P/E multiple of 10x to 12x. Despite the uncertainty, the company saw an inflow of more than $20 billion during Q1 2022, along with an increase in market share for exchange-traded funds (ETFs).

Invesco Ltd. (NYSE:IVZ) was held by 22 hedge funds as of Q1 2022.