13F filing recap · Q2 2021

What did Trian Fund Management buy in Q2 2021?

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

Stock value

$8.55B

Positions

Estimated turnover

11.0%

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

CMCSAComcast Corporation$1.19Breported value+939.6K shares+4.7%IVZInvesco Ltd.$955.65Mreported value+14.2K shares+0.0%JHGJanus Henderson Group Plc$823.67Mreported value+4.86M shares+29.7%GEGeneral Electric Company$433.43Mreported value+6.8K shares+0.0%

Reduced positions

FERGFerguson Enterprises Inc.$1.82Breported value-94.9K shares-0.7%SYYSysco Corporation$1.39Breported value-2.73M shares-13.2%PGProcter & Gamble Co$781.49Mreported value-3.09M shares-34.8%MDLZMondelez International, Inc.$539.36Mreported value-745.6K shares