13F filing recap · Q1 2014

What did Trian Fund Management buy in Q1 2014?

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

Stock value

$6.10B

Positions

Estimated turnover

9.9%

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

BNYThe Bank of New York Mellon Corporation$329.26Mreported value+9.33M shares

Increased positions

MDLZMondelez International, Inc.$1.44Breported value+264.9K shares+0.6%PEPPepsico, Inc.$1.04Breported value+73.0K shares+0.6%IRIngersoll Rand Inc.$685.74Mreported value+2.4K shares+0.0%FDOFamily Dollar Stores Inc$485.33Mreported value+1.4K shares

Reduced positions

WENWendy'S Co$590.98Mreported value-18.20M shares-21.9%LAZLazard, Inc.$311.10Mreported value-95.8K shares-1.4%ALLEAllegion Plc$154.26Mreported value-1.04M shares-25.9%GNCIQGnc Holdings Inc$15.81Mreported value-400 shares