In this article, we will take a look at the top 5 stocks in the portfolio of Nelson Peltz’s Trian Partners. If you want to read our detailed analysis of Peltz’s history, investment philosophy, and hedge fund performance, go directly to Trian Partners Portfolio: Top 9 Stocks.
5. Janus Henderson Group plc (NYSE:JHG)
Trian Partners’ Stake Value: $823.7 million
Percentage of Trian Partners’ 13F Portfolio: 9.62%
Number of Hedge Fund Holders: 22
Janus Henderson Group plc (NYSE:JHG) is a global asset management corporation that provides services to small business clients and institutions through its subsidiaries. It was founded in 1934 and ranks fifth on our list of the top 9 stocks in Trian Partners’ portfolio.
Deutsche Bank analyst Brian Bedell considers stocks of Janus Henderson Group plc (NYSE:JHG) as best positioned to outperform the subsectors. The analyst raised his price target on the company to $38 from $32 alongside a Hold rating on its shares.
With a $823.6 million stake in Janus Henderson Group plc (NYSE:JHG), Trian Partners owned 21.2 million shares of the company in the second quarter of 2021. Of the 873 elite hedge funds tracked by Insider Monkey, 22 hedge funds reported owning stakes in the company in Q2 2021, compared to 28 funds a quarter earlier.
4. Invesco Ltd. (NYSE:IVZ)
Trian Partners’ Stake Value: $955.7 million
Percentage of Trian Partners’ 13F Portfolio: 11.17%
Number of Hedge Fund Holders: 40
Invesco Ltd. (NYSE:IVZ) is an independent investment management company that provides investment management, equity, and fixed income services to retail and institutional clients. Headquartered in Atlanta, Georgia, the company ranks fourth on our list of the top 9 stocks in Trian Partners portfolio.
Citi analyst William Katz is bullish on Invesco Ltd. (NYSE:IVZ), upgrading the company to Buy from Neutral with a price target of $34, up from $29, noting that the company has among the highest upside potential in its sector.
As of the end of the second quarter, 40 hedge funds tracked by Insider Monkey reported owning stakes in Invesco Ltd. (NYSE:IVZ). The total worth of these stakes is $1.34 billion. This shows the hedge fund sentiment is positive for the company as 32 funds had stakes in Invesco Ltd. (NYSE:IVZ) in the previous quarter, with a total worth of $1.24 billion. Nelson Peltz of Trian Partners holds 36.75 million shares of the company, amounting to over $955.6 million in worth and representing 11.17% of his portfolio value.
3. Comcast Corporation (NASDAQ:CMCSA)
Trian Partners’ Stake Value: $1.2 billion
Percentage of Trian Partners’ 13F Portfolio: 13.86%
Number of Hedge Fund Holders: 84
Comcast Corporation (NASDAQ:CMCSA) is a multinational entertainment company based in Philadelphia that provides Cable TV, high-speed internet and home phone services to its customers. The telecommunications conglomerate has a market capitalization of $247.98 billion, and is ranked third on the list of the top 9 stocks in Trian Partners portfolio.
Nelson Peltz’s Trian Partners currently holds over 20.79 million shares of Comcast Corporation (NASDAQ:CMCSA), amounting to over $1.18 billion in worth and representing 13.86% of the fund’s portfolio. By the end of the second quarter of 2021, 84 hedge funds out of the 873 tracked by Insider Monkey held stakes in Comcast Corporation (NASDAQ:CMCSA) worth roughly $9.3 billion. This is compared to 88 hedge funds in the previous quarter with a total stake value of approximately $9.76 billion.
On September 29, Pivotal Research analyst Jeffrey Wlodarczak raised his price target on Comcast Corporation (NASDAQ:CMCSA) to $75 from $72 and kept a Buy rating on the shares.
In the Q2 2021 investor letter of ClearBridge Investments, the fund mentioned Comcast Corporation (NASDAQ:CMCSA). Here is what they said:
“We funded the shift primarily with trims in Comcast following big gains in this name. Comcast is a long-term holding that have been and remain core holdings. During the quarter, however, we took gains and resized the positions to reflect their current risk-reward post strong increases in the stocks.
Comcast, like Blackstone, has been a meaningful long-term holding whose stock performance has at times lagged its robust fundamental performance. Over the last nine months the stock price caught up some with the fundamentals and looked like it had more room to run. Our thesis on the name evolved, however, following the May 17 announcement that competitor Discovery was merging its operations with Time Warner. This deal positions the new company as a credible competitor to Netflix, Amazon Prime, Hulu and Disney, and results in Comcast being left without the proverbial dance partner in the evolving pay TV/DTC landscape. While we continue to believe Comcast’s cable systems business is well-positioned and that NBCUniversal remains valuable, the competitive dynamic for NBCUniversal has stiffened. Our reduced position size reflects both our continued enthusiasm for many parts of the franchise and emerging concerns given the evolving pay TV/DTC landscape.”
2. Sysco Corporation (NYSE:SYY)
Trian Partners’ Stake Value: $1.4 billion
Percentage of Trian Partners’ 13F Portfolio: 16.24%
Number of Hedge Fund Holders: 40
Sysco Corporation (NYSE: SYY) is a food distributor and consumer staples company that engages in the marketing and distribution of food and related products across the globe. The company ranks second on our list of top 9 stocks in Trian Partners’ portfolio.
According to the recent 13F Filings, Nelson Peltz holds over 17.87 million shares of Sysco Corporation (NYSE:SYY). These shares are valued at more than $1.38 billion and represent 16.24% of his hedge fund’s investment portfolio. By the end of the second quarter of 2021, 40 hedge funds out of the 873 tracked by Insider Monkey held stakes in Sysco Corporation (NYSE:SYY) worth roughly $2.6 billion. This is compared to 42 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.
1. Ferguson plc (NYSE:FERG)
Trian Partners’ Stake Value: $1.8 billion
Percentage of Trian Partners’ 13F Portfolio: 21.29%
Number of Hedge Fund Holders: 11
Based in Wokingham, United Kingdom, Ferguson plc (NYSE:FERG) is a multinational plumbing, heating and fabrication products distributor. Ranked first on our list of the top 9 stocks in Trian Partners’ portfolio, Ferguson plc (NYSE:FERG) has a market capitalization of $23.64 billion.
Trian Partners holds over 13.1 million shares in Ferguson plc (NYSE:FERG) as of the end of the second quarter, according to the data tracked by Insider Monkey. These shares amount to more than $1.8 billion, accounting for 21.29% of the fund’s investment portfolio. Overall, 11 funds were bullish in the company by the end of the June quarter, compared to 5 in the previous quarter.
On October 5, RBC Capital analyst Andrew Brooke raised price target on Ferguson plc (NYSE:FERG) to 10,300 GBp from 9,600 GBp, and kept a Sector Perform rating on the shares of the company.
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