In this article, we discuss billionaire Nelson Peltz’s top 5 stock picks. To read our detailed analysis of the billionaire’s investment strategy and his hedge fund’s performance, go to Billionaire Nelson Peltz’s Top 8 Stock Picks.
5. Invesco Ltd. (NYSE: IVZ)
Value: $640,367,000
Percent of Nelson Peltz’s 13F Portfolio: 9.47%
Number of Hedge Fund Holders: 34
According to our database, the number of IVZ’s long hedge funds positions increased at the end of the fourth quarter of 2020. 34 hedge funds hold a position in Invesco by the end of December, compared to the 21 funds in the third quarter. The company’s biggest stakeholder is Trian Partners, with 36.7 million shares worth $640.4 million.
4. Mondelez International, Inc. (NASDAQ: MDLZ)
Value: $715,764,000
Percent of Nelson Peltz’s 13F Portfolio: 10.59%
Number of Hedge Fund Holders: 50
As of the end of the fourth quarter, 50 hedge funds in Insider Monkey’s database of 887 funds held stakes in Mondelez International. Nelson Peltz’s Trian Partners is the company’s biggest stakeholder, with 12.2 million shares worth $715.8 million.
In one of their investor letter, Diamond Hill Capital highlighted a few stocks and Mondelez International Inc. (NASDAQ:MDLZ) is one of them. Here is what Diamond Hill Capital stated:
“Food and beverage products manufacturer Mondelez International, Inc. (Cl A) outperformed, likely due to strong weekly scanner data that showed continued improving trends in its business as consumers stocked up their pantries during quarantine.”
3. Comcast Corporation (NASDAQ: CMCSA)
Value: $1,040,554,000
Percent of Nelson Peltz’s 13F Portfolio: 15.39%
Number of Hedge Fund Holders: 84
As of the end of the fourth quarter, 84 hedge funds in Insider Monkey’s database of 887 funds held stakes in Comcast Corporation, compared to 82 funds in the third quarter. Eagle Capital Management is the biggest stakeholder in the company, with 41.9 million shares, worth $2.2 billion.
Cooper Investors, in their Q4 2020 Investor Letter said that they sold their position in Comcast Corporation (NASDAQ: CMCSA) because of the uncertainties they saw in the company.
Here is what Cooper Investors has to say about Comcast Corporation in their investor letter:
“During the quarter the portfolio exited its position in Comcast, a long term holding having been in the portfolio since 2013. We were attracted to Comcast’s high quality cable assets which we view as unique communication infrastructure that continues to perform well as it serves the persistent demand for high speed broadband. However the outlook for their media and content assets in NBCU and Sky has become increasingly uncertain while remaining a key area of management focus and capital allocation. This clouded view on industry trends led us to seek more attractive investment propositions elsewhere.”
2. The Procter & Gamble Company (NYSE: PG)
Value: $1,366,873,000
Percent of Nelson Peltz’s 13F Portfolio: 20.22%
Number of Hedge Fund Holders: 83
According to our database, the number of PG’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 83 hedge funds that hold a position in The Procter & Gamble Company compared to 75 funds in the third quarter. The biggest stakeholder of the company is Cedar Rock Capital, with 9.9 million shares, worth $1.4 billion.
1. Sysco Corporation (NYSE: SYY)
Value: $1,530,024,000
Percent of Nelson Peltz’s 13F Portfolio: 22.64%
Number of Hedge Fund Holders: 40
With a $6.1 billion stake invested in Sysco Corp., Nelson Peltz’s Trian Partners owns 20.6 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 40 hedge funds held stakes in Sysco as of the end of the fourth quarter, versus the 33 funds in the third quarter.
You can also take a peek at Cathie Wood’s Top 10 Stock Picks and Chris Hohn’s Top 10 Stock Picks.
