Long-Term Returns of Nelson Peltz's Activist Targets
Nelson Peltz is a popular name when it comes to activism on Wall Street.
Trian Fund Management, L.P., also known as Trian Partners, is a New York City-based hedge fund management firm specializing in activist investing. The firm, founded in 2005 by Nelson Peltz, Peter May, and Edward Garden, aims to drive significant changes at some of America's largest corporations.
Nelson Peltz, a billionaire and renowned activist investor, has played a pivotal role in the firm's strategy. He has served on the boards of numerous major corporations, including Procter & Gamble, Ingersoll-Rand, and Mondelez International. Peltz's approach involves acquiring substantial stakes in undervalued companies and pushing for reforms such as higher dividends, share buybacks, cost reductions, management changes, and occasionally, company dissolution. Peltz began his career at his family’s wholesale food distribution business, A. Peltz & Sons, and eventually transformed it into Flagstaff Corp., which went public in 1972. He briefly attended the Wharton School at the University of Pennsylvania.
As of March 2024, Trian Fund Management oversees discretionary assets totaling $6,202,444,791 for 25 clients. Their latest 13F filing for Q1 2024 reported $8,021,489,229 in managed 13F securities, with a top 10 holdings concentration of 100.0%. The firm's largest holding is Walt Disney Co., with 32,337,856 shares.
