13F filing recap · Q2 2017

What did Trian Fund Management buy in Q2 2017?

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

Stock value

$13.27B

Positions

Estimated turnover

2.6%

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

PGProcter & Gamble Co$3.28Breported value+893.2K shares+2.4%SYYSysco Corporation$2.21Breported value+750 shares+0.0%GEGeneral Electric Company$1.91Breported value+1.87M shares+2.7%BNYThe Bank of New York Mellon Corporation$1.65Breported value+2.8K shares+0.0%PNRPentair Plc$1.01Breported value+862.8K shares+6.0%

Reduced positions

MDLZMondelez International, Inc.$1.84Breported value-1.73M shares-3.9%WENWendy'S Co$605.45Mreported value-5.50M shares-12.3%