13F filing recap · Q1 2018

What did Trian Fund Management buy in Q1 2018?

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

Stock value

$9.91B

Positions

Estimated turnover

10.3%

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

SYYSysco Corporation$2.69Breported value+341.6K shares+0.8%GEGeneral Electric Company$955.11Mreported value+2.8K shares+0.0%BNYThe Bank of New York Mellon Corporation$831.52Mreported value+360.2K shares+2.3%

Reduced positions

PNRPentair Plc$1.05Breported value-225 shares-0.0%MDLZMondelez International, Inc.$785.36Mreported value-23.68M shares-55.7%WENWendy'S Co$597.33Mreported value-5.00M shares-12.8%