13F filing recap · Q4 2021

What did Trian Fund Management buy in Q4 2021?

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

Stock value

$7.46B

Positions

Estimated turnover

26.1%

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

JHGJanus Henderson Group Plc$1.19Breported value+4.57M shares+19.3%IVZInvesco Ltd.$1.18Breported value+8.72M shares+23.7%GEGeneral Electric Company$380.35Mreported value+485 shares+0.0%

Reduced positions

FERGFerguson Enterprises Inc.$2.02Breported value-1.34M shares-10.5%SYYSysco Corporation$1.01Breported value-528.7K shares-4.0%PGProcter & Gamble Co$38.83Mreported value-5.03M shares-95.5%MDLZMondelez International, Inc.$29.85Mreported value-7.55M shares