Nelson Peltz - Trian Fund Management 13F Activity & Position Changes (Q1 2023)

According to the SEC 13F filed on May 15, 2023, the Trian Fund Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2023. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2023, the filing reported:

New Buys - GE HealthCare Technologies Inc.

Increases - GE Aerospace, Mondelez International, Inc.

Reductions - Walt Disney Company (The), Ferguson, Invesco, Wendy's Company (The)

Complete Exits - Sysco Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-3,113,116	-34.5%	$592.44M	5,916,684
Q1 2023	FERG Ferguson	Ferguson	Sell	-5,354,181	-47.7%	$784.31M	5,864,000
Q1 2023	GE GE Aerospace	GE Aerospace	Buy	+507	+0.0%	$385.17M	4,028,998
Q1 2023	GEHC GE HealthCare Technologies Inc.	GE HealthCare Technologies Inc.	Buy - Position Entry	+1,342,830	-	$110.15M	1,342,830
Q1 2023	IVZ Invesco	Invesco	Sell	-21,818,538	-39.1%	$556.62M	33,940,096
Q1 2023	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy	+291	+1.8%	$1.15M	16,530
Q1 2023	SYY Sysco Corporation	Sysco Corporation	Sell - Position Exit	-4,540	-100.0%	$0.00	-
Q1 2023	WEN Wendy's Company (The)	Wendy's Company (The)	Sell	-3,627,569	-14.3%	$472.75M	21,705,770