13F filing recap · Q1 2022

What did Trian Fund Management buy in Q1 2022?

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

Stock value

$5.97B

Positions

Estimated turnover

22.4%

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

FERGFerguson Enterprises Inc.$1.56Breported value+10.8K shares+0.1%IVZInvesco Ltd.$1.40Breported value+8.56M shares+18.8%JHGJanus Henderson Group Plc$1.12Breported value+3.60M shares+12.7%GEGeneral Electric Company$368.39Mreported value+8 shares+0.0%MDLZMondelez International, Inc.$28.27Mreported value+83 shares+0.0%

Reduced positions

SYYSysco Corporation$939.29Mreported value-1.35M shares-10.5%PGProcter & Gamble Co$893.0Kreported value-231.9K shares-97.7%

Exited positions

CMCSAComcast Corporation$1.01Bprior reported value-19.99M shares-100.0%