Peltz’s Trian Fund cuts Ferguson, Allstate in Q1

Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of March 31, 2024. The fund reduced its stake in two holdings, including by size of previous position Ferguson (FERG) and Allstate (ALL). Trian’s top holdings as of March 31, in order of size, were Disney (DIS), Janus Henderson (JHG), Wendy’s (WEN), General Electric (GE), and Invesco (IVZ).