Top 4 Stock Picks of Nelson Peltz’s Trian Partners

3. Sysco Corporation (NYSE:SYY)

Trian Partners’ Stake Value: $1,050,536,000

Percentage of Trian Partners’ 13F Portfolio: 13.06%

Number of Hedge Fund Holders: 29

Sysco Corporation (NYSE:SYY) is a Houston-based multinational corporation that provides food products, kitchen equipment, and tabletop items to restaurants and hospitality businesses around the US. Sysco Corporation (NYSE:SYY) posted its Q3 earnings on November 9. EPS in the period equaled $0.83, missing estimates by -$0.04. The Q3 revenue totaled $16.46 billion, outperforming estimates by $608.33 million, up 39.73% year-over-year. 

Trian Partners holds a $1.05 billion position in Sysco Corporation (NYSE:SYY), which accounts for 13.06% of the firm’s Q3 portfolio. One of the leading stakeholders in Sysco Corporation (NYSE:SYY) as of Q3 2021 is Yacktman Asset Management, with a $424.2 million stake in the company. 

At the end of September this year, 29 hedge funds in Insider Monkey’s database of 867 elite funds were long Sysco Corporation (NYSE:SYY), with total stakes amounting to $2.24 billion. This is a decrease from 40 funds holding a position in Sysco Corporation (NYSE:SYY) in the prior quarter, with a total stake value of $2.6 billion.