Nelson Peltz is back at it with DuPont (DD), having upped his stake 1.2 million shares to 25.8 million — roughly 2.9% of the chemicals company. The guy that broke up Tyco, not once but twice, is now the CEO of DuPont.
DuPont is its 5th largest holding.
We’re ever closer to a split of the company and Trian can smell it. The stock has now recovered most of its losses for the year.
Equities did well last month as most market watchers have noted that Value outperformed growth. In his March Factor Performance report, Alex Botte of Venn by Two Sigma noted that March was a strong month for the global Equity factor, especially in developed markets. Q1 2021 hedge fund letters, conferences and more He said Europe Read More
Other changes to the Trian portfolio include selling off some of its Wendys (WEN) stake – planned- and Ingersoll-Rand – already a small part of the portfolio.
GE (GE) is its largest holding – where it owns 0.9% of the company – it upped its stake by 80% in the third quarter. Mondelez is second, Pepsi third, with no changes in their stakes. Sysco is fourth after Peltz upped his stake by 300% in the third quarter – now owning 7.3% of the foods company.
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