13F filing recap · Q3 2019

What did Trian Fund Management buy in Q3 2019?

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

Stock value

$9.58B

Positions

Estimated turnover

5.8%

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$4.56Breported value+14 shares0.0%MDLZMondelez International, Inc.$1.04Breported value+42 shares+0.0%GEGeneral Electric Company$574.19Mreported value+9.6K shares+0.0%LMLegg Mason Inc$148.24Mreported value+3.9K shares+0.1%

Reduced positions

BNYThe Bank of New York Mellon Corporation$549.50Mreported value-467.2K shares-3.7%WENWendy'S Co$532.08Mreported value-2.00M shares-7.0%

Exited positions

PPGPpg Industries Inc$493.08Mprior reported value-4.22M shares-100.0%