Peltz's Trian Partners Lowers Stakes in KFT, HNZ, TIF; New Stake in LM

May 18, 2009 3:32 PM EDT

Nelson Peltz's Trian Partners hedge fund issued its 13F for the quarter ended March 31, 2009 on Friday. Trian lowered its stake in Kraft significantly, and also lowered its stake in HJ Heinz and Tiffany & Co to a lesser extend. The firm showed a new small stake in Legg Mason (NYSE: LM).

Highlights from the Trian Partners General Partner, LLC Filing:


  • -Lowered stake in Kraft Foods (NYSE: KFT) by 21.2 million shares to 13,195,980 shares, 1st largest holdings
  • -Maintained 76,623,145 share stake in Wendy's (NYSE: WEN), 2nd largest
  • -Lowered stake in HJ Heinz (NYSE: HNZ) by 1.41 million shares to 6,056,229 shares, 3rd largest
  • -Lowered stake in Tiffany & Co (NYSE: TIF) by 2.15 million shares to 7,920,981 shares, 4th largest
  • -Maintained 7,197,119 shares stake in Dr Pepper Snapple (NYSE: DPS)
  • -New 727,142 share stake in Legg Mason (NSYE: LM)
  • -Liquidated 1.48 million share stake in Krispy Kreme (NYSE: KKD)
  • -Liquidated 2.14 million share stake in CKE Restaurants (NYSE: CKR)

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