Nelson Peltz’s Trian buys Allstate, boosts Disney in Q3

Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of September 30, 2023. The fund’s two new buys during the third quarter included Allstate (ALL) and Sysco (SYY). Trian Fund exited one position during the quarter, namely Mondelez (MDLZ). The fund increased its stakes in Disney (DIS), Wendy’s (WEN), and GE (GE) and reduced its stake in Ferguson (FERG). Trian’s top holdings as of September 30, in order of size, were Disney, Ferguson, Janus Henderson (JHG), Wendy’s, and Invesco (IVZ).