13F filing recap · Q2 2011

What did Trian Fund Management buy in Q2 2011?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.72B

Positions

Estimated turnover

24.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

DPZDomino’s Pizza, Inc.$151.44Mreported value+6.00M shares CEIXConsol Energy Inc$33.92Mreported value+699.7K shares CLGXCorelogic Inc$22.50Mreported value+1.35M shares LYBLyondellbasell Industries N.v.$6.03Mreported value+156.5K shares CHTRCharter Communications, Inc.$2.83Mreported value+52.1K shares GLDSpdr® Gold Trust$1.99Mreported value+13.6K shares TWCTime Warner Cable Inc$1.64Mreported value+21.0K shares

Increased positions

KFTKraft Foods Inc$609.87Mreported value+5.13M shares+42.2%TIFTiffany & Co.$398.97Mreported value+1.4K shares+0.0%STTState Street Corporation$277.00Mreported value+3.82M shares+164.2%TVLLin TV Corp$2.71Mreported value+117.5K shares

Reduced positions

PEETPeets Coffee & Tea Inc$17.31Mreported value-155.0K shares-34.1%LVSLas Vegas Sands Corp$1.69Mreported value-28.0K shares-41.2%

Exited positions

CBSCbs Corp$2.51Mprior reported value-100.4K shares-100.0%USOUnited States Oil Fund LP$1.28Mprior reported value-30.0K shares-100.0%