13F filing recap · Q2 2020

What did Trian Fund Management buy in Q2 2020?

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

Stock value

$5.53B

Positions

Estimated turnover

57.9%

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.

New positions

CMCSAComcast Corporation$279.06Mreported value+7.16M shares IVZInvesco Ltd.$237.01Mreported value+22.03M shares JHGJanus Henderson Group Plc$189.01Mreported value+8.93M shares

Increased positions

SYYSysco Corporation$1.33Breported value+703.7K shares+3.0%MDLZMondelez International, Inc.$810.36Mreported value+3.6K shares+0.0%

Reduced positions

PGProcter & Gamble Co$1.29Breported value-20.21M shares-65.1%GEGeneral Electric Company$405.24Mreported value-4.90M shares-7.6%NVTNvent Electric Plc$232.09Mreported value-1.16M shares-8.6%BNYThe Bank of New York Mellon Corporation$169.41Mreported value-5.32M shares

Exited positions

LMLegg Mason Inc$189.62Mprior reported value-3.88M shares-100.0%