13F filing recap · Q4 2018

What did Trian Fund Management buy in Q4 2018?

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

Stock value

$9.24B

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

PGProcter & Gamble Co$3.48Breported value+2.1K shares+0.0%BNYThe Bank of New York Mellon Corporation$759.67Mreported value+181 shares+0.0%MDLZMondelez International, Inc.$753.56Mreported value+63 shares+0.0%PPGPpg Industries Inc$716.57Mreported value+2.87M shares+69.2%GEGeneral Electric Company$536.45Mreported value+103 shares+0.0%

Reduced positions

SYYSysco Corporation$1.77Breported value-9.35M shares-24.8%PNRPentair Plc$324.18Mreported value-3.46M shares-28.7%