13F filing recap · Q2 2016

What did Trian Fund Management buy in Q2 2016?

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

Stock value

$10.50B

Positions

Estimated turnover

5.1%

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.

Increased positions

GEGeneral Electric Company$2.35Breported value+521.3K shares+0.7%SYYSysco Corporation$2.23Breported value+693.7K shares+1.6%MDLZMondelez International, Inc.$2.19Breported value+3.7K shares+0.0%BNYThe Bank of New York Mellon Corporation$1.25Breported value+393.9K shares+1.2%PNRPentair Plc$835.71Mreported value+1.2K shares+0.0%

Reduced positions

DDE.I. du Pont de Nemours and Company$1.25Breported value-1.25M shares-6.1%

Exited positions

LMLegg Mason Inc$382.86Mprior reported value-11.04M shares-100.0%TIFTiffany & Co.$1.05Mprior reported value-14.3K shares-100.0%