13F filing recap · Q1 2020

What did Trian Fund Management buy in Q1 2020?

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

Stock value

$6.94B

Positions

Estimated turnover

4.3%

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

GEGeneral Electric Company$510.04Mreported value+9.8K shares+0.0%NVTNvent Electric Plc$228.69Mreported value+3.9K shares+0.0%

Reduced positions

PGProcter & Gamble Co$3.41Breported value-1.12M shares-3.5%MDLZMondelez International, Inc.$793.53Mreported value-2.98M shares-15.8%BNYThe Bank of New York Mellon Corporation$326.73Mreported value-2.45M shares-20.2%