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 7.01

+0.04 +0.57%
Volume: 1,596,427
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CEM 1.32

-0.12 -8.33%
Volume: 1,278,752
Track CEM

CTAS 24.12

-0.48 -1.95%
Volume: 2,792,348
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DPS 13.78

-1.28 -8.50%
Volume: 2,795,419
Track DPS

FAHI 0.00

-330.00 -100.00%
Volume: 0
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HANS 27.37

-0.45 -1.62%
Volume: 2,313,554
Track HANS

HNZ 36.76

-0.89 -2.36%
Volume: 3,516,199
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KFT 26.11

-0.52 -1.95%
Volume: 10,178,398
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LOR 7.35

-0.08 -1.08%
Volume: 19,271
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OEH 5.97

-0.51 -7.87%
Volume: 670,673
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PFCB 18.42

+0.24 +1.32%
Volume: 471,006
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PM 40.86

-0.75 -1.80%
Volume: 10,659,992
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SBUX 8.61

-0.03 -0.35%
Volume: 18,621,103
Track SBUX

SKF 138.62

+3.62 +2.68%
Volume: 29,256,537
Track SKF

SPY 85.30

-2.02 -2.31%
Volume: 444,314,359
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TGT 34.04

-0.44 -1.28%
Volume: 15,762,824
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TIF 21.25

+2.07 +10.79%
Volume: 5,395,389
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UST 68.77

+0.10 +0.15%
Volume: 5,127,046
Track UST

WEN 3.79

-0.11 -2.82%
Volume: 3,839,322
Track WEN

WYE 33.62

-0.90 -2.61%
Volume: 7,564,529
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