13F filing recap · Q3 2023

What did Trian Fund Management buy in Q3 2023?

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

Stock value

$6.57B

Positions

Estimated turnover

55.5%

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

ALLAllstate Corp$405.94Mreported value+3.64M shares SYYSysco Corporation$80.81Mreported value+1.22M shares

Increased positions

DISWalt Disney Co/$2.66Breported value+26.44M shares+411.6%WENWendy'S Co$680.69Mreported value+12.62M shares+60.9%GEGeneral Electric Company$445.50Mreported value+842 shares+0.0%

Reduced positions

FERGFerguson Enterprises Inc.$890.64Mreported value-79.5K shares-1.4%

Exited positions

MDLZMondelez International, Inc.$1.21Mprior reported value-16.5K shares-100.0%