Nelson Peltz Exits Disney, Shakes Up Portfolio in Q3 2024

GuruFocus.com11-14 11:01

Insight into the Strategic Moves of a Veteran Investor Nelson Peltz (Trades, Portfolio), renowned for his strategic investment approaches through Trian Fund Management, has made significant changes to...

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Nelson Peltz , renowned for his strategic investment approaches through Trian Fund Management, has made significant changes to his portfolio in the third quarter of 2024. As CEO and a Founding Partner since November 2005, Peltz has a reputation for selecting undervalued and underperforming companies where he can drive value through operational and strategic improvements. His investment philosophy focuses on long-term, operational engagement, and he is known for his roles at major companies like The Wendys Company and Procter & Gamble.GuruFocus has detected 6 Warning Sign with JHG.Solventum Corp  saw an addition of 1,765,676 shares, bringing the total to 7,126,255 shares. This adjustment marks a significant 32.94% increase in share count and a 3.16% impact on the current portfolio, totaling a value of $496,842,500.The Walt Disney Co : All 2,645,583 shares were sold, resulting in a -6.41% impact on the portfolio.This article, genera","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","BK4566":"资本集团","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","ALL":"好事达","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","UHAL":"U-Haul","BK4206":"工业集团企业","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU0205193047.USD":"SCHRODER ISF US SMALL & MID-CAP EQUITY \"A\" (USD)  ACC","BK4550":"红杉资本持仓","BK4588":"碎股","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","DIS":"迪士尼","IVZ":"美国景顺集团","BK4551":"寇图资本持仓","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4135":"资产管理与托管银行","BK4232":"货物陆运","BK4209":"餐馆","JHG":"骏利亨德森集团","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","RTO":"Rentokil Initial PLC","LU0240878834.USD":"SCHRODER ISF GLOBAL SMALL COMPANIES \"A\" (USD) INC AV","IE0009354923.USD":"JANUS HENDERSON US VENTURE \"A2\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","GE":"GE航空航天","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","WEN":"温蒂汉堡","FERG":"Ferguson Plc.","BK4187":"航天航空与国防","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","SOLV":"Solventum","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4534":"瑞士信贷持仓","UHAL.B":"U-Haul","BK4585":"ETF&股票定投概念","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"纳尔逊·佩尔茨(Nelson Peltz)退出迪士尼，并于2024年第三季度重组投资组合","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEN":1,"GE":1,"FERG":1,"DIS":1,"IVZ":1,"JHG":1,"ALL":1,"RTO":1,"SOLV":1,"UHAL":1,"UHAL.B":1},"content_text":"Insight into the Strategic Moves of a Veteran Investor\nNelson Peltz (Trades, Portfolio), renowned for his strategic investment approaches through Trian Fund Management, has made significant changes to his portfolio in the third quarter of 2024. As CEO and a Founding Partner since November 2005, Peltz has a reputation for selecting undervalued and underperforming companies where he can drive value through operational and strategic improvements. His investment philosophy focuses on long-term, operational engagement, and he is known for his roles at major companies like The Wendys Company and Procter & Gamble.\n\nWarning! GuruFocus has detected 6 Warning Sign with JHG.\n\n\nKey Position Increases\nNelson Peltz (Trades, Portfolio) has strategically increased his stakes in several companies during this quarter:\n\nSolventum Corp (NYSE:SOLV) saw an addition of 1,765,676 shares, bringing the total to 7,126,255 shares. This adjustment marks a significant 32.94% increase in share count and a 3.16% impact on the current portfolio, totaling a value of $496,842,500.\nU-Haul Holding Co (NYSE:UHAL.B) also experienced an increase with an additional 139,755 shares, bringing the total to 1,049,055. This represents a 15.37% increase in share count, with a total value of $75,531,960.\n\nSummary of Sold Out Positions\nIn a notable portfolio adjustment, Nelson Peltz (Trades, Portfolio) exited positions in two companies:\n\nThe Walt Disney Co (NYSE:DIS): All 2,645,583 shares were sold, resulting in a -6.41% impact on the portfolio.\nRentokil Initial PLC (NYSE:RTO): The complete liquidation of 470,000 shares caused a -0.34% impact on the portfolio.\n\nKey Position Reductions\nReductions were also prominent in Peltz's Q3 portfolio adjustments:\n\nAllstate Corp (NYSE:ALL) saw a reduction of 1,400,061 shares, a -69.53% decrease, impacting the portfolio by -5.45%. The stock traded at an average price of $177.59 during the quarter and has returned 15.30% over the past three months and 43.26% year-to-date.\nFerguson Enterprises Inc (NYSE:FERG) was reduced by 683,053 shares, a -34.96% decrease, impacting the portfolio by -3.23%. The stock traded at an average price of $202.58 during the quarter and has returned 1.61% over the past three months and 7.68% year-to-date.\n\nPortfolio Overview\nAs of the third quarter of 2024, Nelson Peltz (Trades, Portfolio)'s portfolio included 10 stocks. The top holdings were 31.18% in Janus Henderson Group PLC (NYSE:JHG), 19.53% in GE Aerospace (NYSE:GE), 13.74% in The Wendys Co (NASDAQ:WEN), 12.77% in Solventum Corp (NYSE:SOLV), and 10.46% in Invesco Ltd (NYSE:IVZ). The holdings are mainly concentrated in four industries: Financial Services, Industrials, Consumer Cyclical, and Healthcare.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483128896"}