13F filing recap · Q2 2012

What did Trian Fund Management buy in Q2 2012?

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

Stock value

$3.11B

Positions

Estimated turnover

21.0%

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.

Increased positions

FDOFamily Dollar Stores Inc$662.64Mreported value+1.4K shares+0.0%IRIngersoll Rand Inc.$568.19Mreported value+7.48M shares+125.0%

Reduced positions

KFTKraft Foods Inc$404.79Mreported value-1.92M shares-15.5%TIFTiffany & Co.$73.41Mreported value-1.38M shares-49.9%

Exited positions

DPZDomino’s Pizza, Inc.$150.65Mprior reported value-4.15M shares-100.0%USOUnited States Oil Fund LP$49.23Mprior reported value-1.25M shares-100.0%