Peltz's Trian Partners Likes UltraShort Financials (SKF), Sells Out of Hansen (HANS) and PF Changs (PFCB)

November 14, 2008 9:28 AM EST

Nelson Peltz's Trian Partners General Partner, LLC issued their lastest 13F for the quarter ended September 30, 2008. Here is a summary:

New:
UltraShort Financials ProShares (AMEX: SKF) 376,230 shares

Raised:
Chemtura Corp. (NYSE: CEM) from 8,995,842 to 9,385,112 shares
Orient-Express (NYSE: OEH) from 983,269 to 1,701,561 shares
Dr. Pepper Snapple (NYSE: DPS) from 4,662,758 to 4,952,153 shares

Lowered:
H.J. Heinz (NYSE: HNZ) from 8,928,018 to 7,968,835 shares
Cheesecake Factory (Nasdaq: CAKE) from 3,228,424 to 3,047,869 shares
Kraft Foods (NYSE: KFT) from 31,094,639 to 30,763,199
Philip Morris Intl (NYSE: PM) from 350,903 to 283,625
Target (NYSE: TGT) from 937,172 to 0
Cintas (Nasdaq: CTAS) from 800,975 to 0
Hansen Natl (Nasdaq: HANS) from 1,292,166 to 0
First Amer Bank (OTC: FAHI) from 681,596 to 0
UST (NYSE: UST) from 269,766 to 0
P F Changs Chinese (Nasdaq: PFCB) from 1,060,875 to 0

Maintained:
Tiffany & Co. (NYSE: TIF) 10,067,240 shares
Wyeth (NYSE: WYE) 1,535,633 shares
Lorillard Inc. (NYSE: LOR) 327,517 shares
Wendy's/Arby's (NYSE: WEN) 26,520,284 shares


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Stocks Mentioned

CAKE 16.90

-0.94 -5.27%
Volume: 1,872,436
Track CAKE

CEM 0.12

+0.00 +0.00%
Volume: 44,000
Track CEM

CTAS 22.20

-0.86 -3.73%
Volume: 1,164,825
Track CTAS

DPS 25.10

+3.02 +13.68%
Volume: 439,448
Track DPS

FAHI 0.00

-330.00 -100.00%
Volume: 0
Track FAHI

HANS 30.17

-1.02 -3.27%
Volume: 1,191,716
Track HANS

HNZ 35.80

-0.98 -2.66%
Volume: 2,999,944
Track HNZ

KFT 25.96

-0.65 -2.44%
Volume: 10,720,753
Track KFT

LOR 8.86

-0.18 -1.99%
Volume: 19,386
Track LOR

OEH 25.06

+16.71 +200.12%
Volume: 444,953
Track OEH

PFCB 32.07

-1.49 -4.44%
Volume: 474,454
Track PFCB

PM 25.08

-19.01 -43.12%
Volume: 447,136
Track PM

SKF 27.45

-14.45 -34.49%
Volume: 441,430
Track SKF

TGT 26.37

-12.32 -31.84%
Volume: 446,551
Track TGT

TIF 26.35

+0.42 +1.62%
Volume: 437,400
Track TIF

UST 69.46

+0.00 +0.00%
Volume: 8,120,006
Track UST

WEN 25.11

+21.00 +510.95%
Volume: 454,624
Track WEN

WYE 29.81

-15.56 -34.30%
Volume: 439,767
Track WYE


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