Nelson Peltz In Fact Raises His Stake In Legg Mason (LM), But Not Nearly As Much As Rumored
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Nelson Peltz Trian Partners General Partner, LLC hedge fund released its 13F for the quarter ended 06/30/2009. Notably Peltz raised his stake in Legg Mason (NYSE: LM), a stock that it was rumored Peltz was busy building a stake in and would push into a sale. The rumors had Peltz buying 12-13 million shares, and he is disclosing far less than that, but it is still interesting that he is upping his stake. Peltz also got in on the BofA (NYSE: BAC) trade.
Notable Movers:
- Lowers stake in Kraft Foods (NYSE: KFT) from 13,195,980 shares to 9,091,536 shares.
- New 1,803,597 share stake in Bank of America (NYSE: BAC)
- Lowers stake in Dr Pepper Snapple from 7,197,119 shares to 5,967,855 shares.
- New 1,081,673 share stake in General Mls Inc. (NYSE: GIS)
- Raised staked in Legg Mason (NYSE: LM) from 727,142 to 2,932,108 shares
- Wendy's Arbys's (NYSE: WEN) remains the largest position with 74,277,416 shares
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