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Trian Partners Portfolio: Top 9 Stocks

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·7 min read
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  • GE
  • PG
  • MDLZ
  • WEN

In this article, we will take a look at the top 9 stocks in the portfolio of Nelson Peltz's Trian Partners. You can skip our detailed analysis of Peltz's history, investment philosophy, and hedge fund performance, and go directly to Trian Partners Portfolio: Top 5 Stocks.

American billionaire businessman and investor Nelson Peltz serves as chief executive officer and a founding partner of the New York-based activist hedge fund, Trian Partners. After attending the undergraduate program at the Wharton School of the University of Pennsylvania, Nelson Peltz began his long career working at a number of different companies. Prior to establishing Trian Partners alongside founding partners Peter May and Ed Garden in 2005, Peltz served as a director at H. J Heinz Company, Legg Mason, Inc., MSG Networks Inc., among other notable companies.

Some of the top stocks in the investment portfolio of Trian Partners at the end of the second quarter of 2021 include Comcast Corporation (NASDAQ:CMCSA), The Procter & Gamble Company (NYSE:PG) and General Electric Company (NYSE:GE), among others discussed in detail below.

Trian Partners Portfolio: Top 9 Stocks
Trian Partners Portfolio: Top 9 Stocks

Nelson Peltz of Trian Partners

Our Methodology

With this background in mind, let us now look towards the top 9 stocks in the portfolio of Trian Partners. We made use of Trian Partners' 13F portfolio for the second quarter for this analysis.

Why should we pay attention to Nelson Peltz's stocks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Trian Partners Portfolio: Top 9 Stocks

9. General Electric Company (NYSE:GE)

Trian Partners' Stake Value: $433.4 million

Percentage of Trian Partners' 13F Portfolio: 5.06%

Number of Hedge Fund Holders: 67

General Electric Company (NYSE:GE) is a multinational conglomerate that operates through its multiple segments, which include Power, Healthcare, Aviation and Renewable Energy, among others. Ranked ninth on the list of the top 9 stocks in Trian Partners' portfolio, General Electric Company (NYSE:GE) has a market capitalization of $113.22 billion.

Trian Partners owns 32.2 million shares in the company at the end of the second quarter of 2021 worth $433.4 million, representing 5.06% of the portfolio. At the end of the second quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $6.08 billion in General Electric Company (NYSE:GE), down from 68 in the previous quarter worth $6.16 billion.

On October 7, Wells Fargo analyst Joseph O'Dea initiated coverage of General Electric Company (NYSE:GE) with an Equal Weight rating and $107 price target.

In its Q1 2021 investor letter, Vulcan Value Partners, an asset management firm, highlighted a few stocks and General Electric Company (NYSE:GE) was one of them. Here is what the fund said:

“General Electric is outperforming our expectations for 2021 as the economic recovery is occurring faster than expected. We are particularly pleased with its free cash flow generation. We are happy to own it in our portfolio.”

8. Mondelez International, Inc. (NASDAQ:MDLZ)

Trian Partners' Stake Value: $539.3 million

Percentage of Trian Partners' 13F Portfolio: 6.3%

Number of Hedge Fund Holders: 53

Mondelez International, Inc. (NASDAQ:MDLZ) is an American confectionery company dealing mainly in food, snacks, and beverages. Based in Chicago, Illinois, the company ranks eighth on our list of the top 9 stocks in Trian Partners' portfolio.

As of Q2 2021, Trian Partners owns over 8.6 million shares in Mondelez International, Inc. (NASDAQ:MDLZ), valued at over $539.3 million. The company accounts for 6.3% of the hedge fund’s 13F portfolio.

In Q2 2021, Mondelez International, Inc. (NASDAQ:MDLZ) posted earnings per share of $0.66, beating the estimates by $0.01. The company's revenue for the quarter came in at $6.64 billion.

On September 21, Morgan Stanley analyst Pamela Kaufman assumed coverage on Mondelez International, Inc. (NASDAQ:MDLZ) with an Overweight rating and a $69 price target on its shares.

As of Q2 2021, the number of hedge funds tracked by Insider Monkey with stakes in Mondelez International, Inc. (NASDAQ:MDLZ) grew to 53 from 45 in the previous quarter. The total value of these stakes is roughly $3 billion.

Just like Comcast Corporation (NASDAQ:CMCSA), The Procter & Gamble Company (NYSE:PG) and General Electric Company (NYSE:GE), Mondelez International, Inc. (NASDAQ:MDLZ) is a notable stock to invest in.

7. The Wendy's Company (NASDAQ:WEN)

Trian Partners' Stake Value: $623.7 million

Percentage of Trian Partners' 13F Portfolio: 7.29%

Number of Hedge Fund Holders: 30

The Wendy's Company (NASDAQ:WEN) operates as a holding company for the major international fast food chain, Wendy's. Ranked seventh on our list of the top 9 stocks in Trian Partners' portfolio, the Ohio-based company has a market capitalization of $4.99 billion.

According to the Q2 13F filings, Nelson Peltz of Trian Partners holds over 26.6 million shares of The Wendy's Company (NASDAQ:WEN), worth more than $623.6 million. These shares account for 7.29% of his hedge fund's portfolio value. Of the 873 elite funds tracked by Insider Monkey, 30 were long in The Wendy's Company (NASDAQ:WEN) at the end of June, up from 26 in the first quarter of 2021.

The company last issued its quarterly earnings report for the second quarter of 2021 on August 11, with a reported EPS of $0.27, beating market estimates by $0.09. Additionally, the company reported revenues amounting to $493.34 million, surpassing predictions by $30.69 million.

On October 15, Loop Capital analyst Alton Stump kept a buy rating on The Wendy's Company, alongside a $31 price target on its shares, expecting the company to top Q3 predictions.

In addition to Comcast Corporation (NASDAQ:CMCSA), The Procter & Gamble Company (NYSE:PG) and General Electric Company (NYSE:GE), The Wendy's Company (NASDAQ:WEN) is one of the top stocks in Nelson Peltz's portfolio.

6. The Procter & Gamble Company (NYSE:PG)

Trian Partners' Stake Value: $781.5 million

Percentage of Trian Partners' 13F Portfolio: 9.13%

Number of Hedge Fund Holders: 68

The Procter & Gamble Company (NYSE:PG) is a multinational consumer goods corporation that provides household products and packaged goods. The Ohio-based company ranks sixth on our list of the top 9 stocks in Trian Partners portfolio.

On October 5, BofA analyst Bryan Spillane initiated coverage of The Procter & Gamble Company (NYSE:PG) with a Buy rating and $160 price target on the company's shares.

In the fiscal fourth quarter of 2021, The Procter & Gamble Company (NYSE:PG) announced an earnings per share of $1.13, beating estimates by $0.04, while its revenue was $18.95 billion, beating estimates by $569.63 million. Moreover, the company has gained 4.75% in the past 6 months and 4.31% year to date.

Nelson Peltz's hedge fund currently holds over 5.79 million shares of the company. These shares amount to over $781.4 million and represent 9.13% of his hedge fund's investment portfolio. As of the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Procter & Gamble Company (NYSE:PG). Their stakes amounted to roughly $6.9 billion. In comparison, 70 hedge funds held stakes in the company in the previous quarter with a total stake value of approximately $8.5 billion.

Click to continue reading and see Trian Partners' Portfolio: Top 5 Stocks.

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Disclosure: None. Trian Partners' Portfolio: Top 9 Stocks is originally published on Insider Monkey.