No Big Performers for Nelson Peltz in Q1

#3 E I Du Pont De Nemours And Co (NYSE:DD)

Shares Owned by Trian Partners (as of December 31): 20.2 million

Value of Holding (as of December 31): $1.35 billion

Like most U.S. stocks, E I Du Pont De Nemours And Co (NYSE:DD) started the year on a downtrend which continued until the end of January, when the chemical giant reported fourth quarter results that helped lift the stock. Revenue came in at $5.3 billion, down by approximately 9% year-over-year, and adjusted earnings stood at $0.27 per share, while analysts had projected $5.41 billion in revenue and EPS of $0.26. The figures helped prop up the stock to a small loss of 4.3% for the quarter. E I Du Pont De Nemours And Co (NYSE:DD) is currently in the process of merging with Dow Chemical Co (NYSE:DOW), in a $130 billion deal that is expected to be completed by the end of 2016. Some hedge funds sought to distance themselves from Du Pont during the fourth quarter of 2015, as the number of firms in our database which were long the stock decreased to 35 from 41. Highfields Capital Management, run by Jonathon Jacobson, reported an 11% increase to its stake in DuPont during the fourth quarter, to 12.6 million shares.

#2 Mondelez International Inc (NASDAQ:MDLZ)

Shares Owned by Trian Partners (as of December 31): 48 million

Value of Holding (as of December 31): $2.15 billion

Mondelez International Inc (NASDAQ:MDLZ) shares are currently down by 4% for the year, having suffered an 18.6% correction in the first five weeks of 2015, which was trimmed to 10% by the end of the first quarter. Mondelez recently announced a partnership with Alibaba Group Holding Ltd (NYSE:BABA) that will help it sell its most famous products on the latter’s online marketplace, Tmall. The company also said that it plans to offer exclusive products on the platform in an attempt to expand its reach in China. Mondelez International announced its first quarter results on April 27, delivering $6.46 billion in revenue, down by 16.8% year-over-year, but beating estimates slightly. The company’s operating income margin improved by 80 basis points to 11.2%, which allowed operating income to fall by just 11% despite the wider revenue drop. The popularity of Mondelez International Inc (NASDAQ:MDLZ) among elite hedge funds took a tumble during the fourth quarter, as only 57 of them reported a stake in the company, down from 69 at the end of September. Bill Ackman‘s Pershing Square also held a sizable position in Mondelez at the end of 2015, having indicated ownership of 43.4 million shares in its latest 13F filing.

#1 General Electric Company (NYSE:GE)

Shares Owned by Trian Partners (as of December 31): 77.8 million

Value of Holding (as of December 31): $2.42 billion

In the beginning of the year, General Electric Company (NYSE:GE) shares fell by as much as 11% before gaining back all of the lost ground and breaking into green territory, ending the first quarter up by 2.9%. The company recently completed another big step in its bid to completely exit the banking business, having sold another $16 billion worth of assets to Goldman Sachs Group Inc (NYSE:GS). Last year, GE managed to offload $157 billion in financial assets as it looks to rid itself of the Systemically Important Financial Institution label. Market participants expect a large portion of the funds to be returned to investors, with Morgan Stanley analysts expecting an increase in GE’s share buyback program and a modest increase to its capital dividends. GE’s renewables division had a particularly strong first quarter, with orders jumping by 110% to $2 billion, partly aided by the company’s acquisition of Alstrom which was completed in November.

Nonetheless, General Electric Company (NYSE:GE) fell out of favor with hedge fund managers in our database during the fourth quarter, as the number of them long the stock dropped to 54 from 74. Mr. Peltz dumped 15% of his stake in GE over the fourth quarter, while Ken Fisher‘s Fisher Asset Management reported a 2% increase to its holding, lifting it to 31.2 million shares.

Disclosure: None