Hedge Fund - Trian Partners

According to a filing with the SEC, billionaire Nelson Peltz’s Trian Partners is down to 12.9 million shares of Legg Mason, Inc. (NYSE:LM).

Mark Fetting, chief executive officer of Legg Mason, Inc. (NYSE:LM), was out of time.

Nelson Peltz, manager of Trian Partners, is an activist investor who owns shares of a relatively small number of companies that he believes he can readily influence.

Trian Partners, managed by billionaire Nelson Peltz, held 603,250 shares of Heinz (NYSE:HNZ) as of March 31--its eleventh largest holding.

Trian Fund Management bought about 669,000 shares of Family Dollar (NYSE:FDO) last November, attractively valued at $37 to $39 per share.

Philip Falcone’s hedge fund, having taken out a loan earlier this year at an effective annual interest rate of 24 percent, has found a new source of financing: the money-management arm of billionaire...

Here is a 39 page presentation by Nelson Peltz's Trian Fund Management explaining why they bought Lazard (LAZ): Trian-Management Lazard-Presentation-2012 Peltz disclosed this holding through an amended 13F filing.

Nelson Peltz runs Trian Fund Management and serves as the chairman of fast-food burger joint, Wendy’s. Last year was a busy one for Peltz.