13F filing recap · Q1 2021

What did Trian Fund Management buy in Q1 2021?

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

Stock value

$8.46B

Positions

Estimated turnover

24.6%

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

FERGFerguson Enterprises Inc.$1.58Breported value+13.21M shares

Increased positions

IVZInvesco Ltd.$955.28Mreported value+2.2K shares+0.0%GEGeneral Electric Company$422.72Mreported value+54 shares+0.0%

Reduced positions

PGProcter & Gamble Co$1.20Breported value-938.8K shares-9.6%MDLZMondelez International, Inc.$549.23Mreported value-2.86M shares-23.3%