Peltz's Trian Fund 13F Shows Stakes In Another Casual Diner, Makes Bets On Tobacco, Says Goodbye to Starbucks

August 14, 2008 12:06 PM EDT

Nelson Peltz's Trian Partners General Partner issued their 13F for the quarter ended June 30, 2008. Peltz has been busy betting on another casual diner (PFCB) and tobacco (UST, PM, LOR). In addition, Peltz cut his position in the short financials ETF and trimmed his puts on the S&P. Peltz also got rid of his Starbucks positon.

New Stakes:
Cintas (Nasdaq: CTAS) 800,975 shares
Target (NYSE: TGT) 937,172 shares
Hansen (Nasdaq: HANS) 1,292,166 shares
First Amern Corp (Nasdaq: FAHI) 681,596 shares
UST (NYSE: UST) 269,766 shares
Philip Morris Intl (NYSE: PM) 350,903 shares
Wyeth (NYSE: WYE) 1,535,633 shares
P F Changs Chinese Bistro (Nasdaq: PFCB) 1,060,875 shares
Lorillard (NYSE: LOR) 983,269 shares
Orient-Express (NYSE: OEH) 983,269 shares
Dr. Pepper Snapple (NYSE: DPS) 4,662,758 (spin-off from Cadbury, which he already held)

Raised Stakes:
Kraft Foods (NYSE: KFT) from 30,268,793 to 31,094,639

Lowered Stakes:
H.J. Heinz (NYSE: HNZ) from 9,224,273 to 8,928,018
Starbucks (Nasdaq: SBUX) from 842,070 to 0
UltraShort Financials ProShares (AMEX: SKF) from 79,663 to 0
SPDRs (AMEX: SPY) PUTS from 10,210,000 to 9,666,700

Maintained Stakes:
Wendy's (NYSE: WEN) 4,220,004 shares,
Chemtura (NYSE: CEM) 8,995,842 shares
Tiffany & Co (NYSE: TIF) 10,067,240 shares
Cheesecake Factory (Nasdaq: CAKE) 3,228,424 shares

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Stocks Mentioned

CAKE 16.90

-0.94 -5.27%
Volume: 1,872,436
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CEM 0.12

+0.00 +0.00%
Volume: 44,000
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CTAS 22.20

-0.86 -3.73%
Volume: 1,164,825
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DPS 25.10

+3.02 +13.68%
Volume: 439,448
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FAHI 0.00

-330.00 -100.00%
Volume: 0
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HANS 30.17

-1.02 -3.27%
Volume: 1,191,716
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HNZ 35.80

-0.98 -2.66%
Volume: 2,999,944
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KFT 25.96

-0.65 -2.44%
Volume: 10,720,753
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LOR 8.86

-0.18 -1.99%
Volume: 19,386
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OEH 25.06

+16.71 +200.12%
Volume: 444,953
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PFCB 32.07

-1.49 -4.44%
Volume: 474,454
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PM 25.08

-19.01 -43.12%
Volume: 447,136
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SBUX 13.39

-0.61 -4.36%
Volume: 13,383,680
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SKF 27.45

-14.45 -34.49%
Volume: 441,430
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SPY 28.69

-63.64 -68.93%
Volume: 445,787
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TGT 26.37

-12.32 -31.84%
Volume: 446,551
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TIF 26.35

+0.42 +1.62%
Volume: 437,400
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UST 69.46

+0.00 +0.00%
Volume: 8,120,006
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WEN 25.11

+21.00 +510.95%
Volume: 454,624
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WYE 29.81

-15.56 -34.30%
Volume: 439,767
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