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Nelson Peltz Remains Supremely Confident in Top Stock Picks Du Pont (DD), SYSCO (SYY), More

Mondelez International Inc (NASDAQ:MDLZ)

– Shares Owned by Trian Fund Management (as of September 30): 48.03 Million

– Value of Holding (as of September 30): $2.1 Billion

In the lowest step of Trian’s third-quarter podium was Mondelez International Inc (NASDAQ:MDLZ), a position that remained unchanged over the three-month period ended September 30. Yet again, Peltz’s fund was the largest investor among those we track, followed by Bill Ackman’s Pershing Square, which disclosed ownership of 22.94 million shares as of September 30, valued at more than $1 billion. Shares of Mondelez International Inc (NASDAQ:MDLZ) are mostly flat quarter-to-date, however, the stock experienced some volatility in early-November on the back of a report that indicated that 3G Capital was raising as much as $10 billion as it prepares for another acquisition, with speculation suggesting that it could target Mondelez.

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General Electric Company (NYSE:GE)

– Shares Owned by Trian Fund Management (as of September 30): 72.62 Million

– Value of Holding (as of September 30): $2.15 Billion

The second-most valuable in Peltz’s list going into the fourth quarter was General Electric Company (NYSE:GE), which fell from the top spot after the fund cut its stake by 2% over the third quarter, while the stock tumbled by more than 3% during that time. Still, no other hedge fund in our database held such a large stake in the company. Having said this, other notable positions included those of Harris Associates (37.1 million shares) and Ken Fisher’s Fisher Asset Management (31.45 million shares).

General Electric Company (NYSE:GE) has been in rebound mode since the fourth quarter started, having already posted returns of more than 5.15%. On Tuesday, the stock, and that of Eni SpA (ADR) (NYSE:E), surged slightly, after the companies announced that they had signed a framework agreement for the joint development of large-scale renewable energy ventures and other hybrid projects focused on energy efficiency.

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SYSCO Corporation (NYSE:SYY)

– Shares Owned by Trian Fund Management (as of September 30): 43.96 Million

– Value of Holding (as of September 30): $2.15 Billion

Finally, there’s SYSCO Corporation (NYSE:SYY), which jumped to the top spot in Trian’s portfolio, even though the stock lost 2.4% in the third quarter. Other notable investors included Donald Yacktman’s Yacktman Asset Management, with 14.29 million shares, and Jim Simons’ Renaissance Technlogies, which owned 3.86 million shares worth $189 million on September 30. Since the fourth quarter started, SYSCO Corporation (NYSE:SYY)’s stock has risen by more than 10.75%. Most of the gains came after the company’s fiscal first-quarter earnings report was released, which included EPS of $0.67 and revenue of $14 billion, which beat the Street’s consensus targets by $0.09 and $120 million respectively.

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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

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