13F filing recap · Q2 2015

What did Trian Fund Management buy in Q2 2015?

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

Stock value

$10.35B

Positions

Estimated turnover

27.1%

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

GEGeneral Electric Company$1.32Breported value+49.62M shares PNRPentair Plc$466.73Mreported value+6.79M shares SYYSysco Corporation$368.88Mreported value+10.22M shares

Increased positions

MDLZMondelez International, Inc.$1.98Breported value+3.9K shares+0.0%TIFTiffany & Co.$1.31Mreported value+848 shares+6.3%

Reduced positions

WENWendy'S Co$609.40Mreported value-10.78M shares-16.6%LMLegg Mason Inc$568.89Mreported value-1.85M shares-14.3%IRIngersoll Rand Inc.$491.43Mreported value-1.28M shares-14.9%

Exited positions

ALLEAllegion Plc$101.26Mprior reported value-1.66M shares-100.0%