Nelson Peltz’s Trian boosts P&G, cuts Ferguson in Q3

Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of September 30, 2022. The fund increased its stake in two holdings during the third quarter, including by size of previous position Procter & Gamble (PG) and General Electric (GE). Trian decreased its stake in two holdings, including by size of previous position Ferguson (FERG) and Sysco (SYY). The fund’s top holdings as of September 30, in order of size, were Ferguson, Invesco (IVZ), Janus Henderson (JHG), Sysco, and Wendy’s (WEN).