Insights from the Latest 13F Filing for Q1 2024
Nelson Peltz (Trades, Portfolio), renowned for his strategic investment approaches through Trian, where he serves as CEO and Founding Partner, recently disclosed his first quarter 2024 portfolio adjustments via a 13F filing. Peltz, who also holds significant roles at The Wendy’s Company, Procter & Gamble, Invesco Ltd., and Madison Square Garden Sports Corp., focuses on acquiring substantial stakes in undervalued and underperforming companies to enhance shareholder value. His investment strategy emphasizes long-term, operational improvements and collaborative engagement with company management, underpinned by a strong commitment to ESG principles.
Portfolio Overview
As of the first quarter of 2024, Nelson Peltz (Trades, Portfolio)’s investment portfolio included 10 stocks. The major holdings were 49.33% in The Walt Disney Co (DIS, Financial), followed by 13.07% in Janus Henderson Group PLC (JHG, Financial), and 7.39% in The Wendy’s Co (WEN, Financial). Other significant investments include GE Aerospace (GE, Financial) and Invesco Ltd (IVZ, Financial), showcasing a diverse portfolio spread across several key industries including Communication Services, Financial Services, and Industrials.
Key Position Reduces
Nelson Peltz (Trades, Portfolio) made notable reductions in his portfolio this quarter, particularly in Ferguson PLC and Allstate Corp. The adjustments are as follows:
- Reduced Ferguson PLC (FERG, Financial) by 1,696,565 shares, resulting in a -40.49% decrease in shares and a -4.68% impact on the portfolio. The stock traded at an average price of $199.25 during the quarter and has returned 11.69% over the past 3 months and 14.77% year-to-date.
- Reduced Allstate Corp (ALL, Financial) by 555,829 shares, resulting in a -19.9% reduction in shares and a -1.11% impact on the portfolio. The stock traded at an average price of $157.85 during the quarter and has returned 3.36% over the past 3 months and 19.53% year-to-date.
The strategic reductions in Ferguson PLC and Allstate Corp reflect Peltz’s ongoing portfolio optimization efforts, aligning with his investment philosophy of fostering long-term value creation through active engagement and operational enhancements in his holdings.
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