Trian cuts Disney stake, takes new position in Wendy’s

Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of June 30, 2024. Trian’s new buys during the second quarter included, by size of position, Ferguson (FERG), Solventum (SOLV), U-Haul (UHAL), and Rentokil (RTO). Trian exited one position during the quarter, Sysco (SYY). Trian increased its stake in one holding, Wendy’s (WEN). Trian reduced its stake in three holdings, including by size of previous position, Disney (DIS), Invesco (IVZ), and Allstate (ALL). Trian’s top holdings as of June 30, in order of size, were Janus Henderson (JHG), GE Aerospace (GE), Wendy’s, Invesco, and Ferguson.