Nelson Peltz - Trian Fund Management, L.P.

Nelson Peltz - Trian Fund Management,

Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    8
Portfolio value:    $3,859,778,188

Holdings Activity Buys Sells History

History	Stock	Activity ▼	Share change	% change to portfolio
	Q1 2026
☰	WEN - Wendy's Co.	Add 0.02%	5,704	0.00
☰	MICC - Magnum Ice Cream Co NV	Buy	241,042	0.09
	Q4 2025
☰	GEHC - GE HealthCare Technologies Inc.	Add 0.37%	15	0.00
☰	GE - GE Aerospace	Add 0.01%	552	0.00
☰	WEN - Wendy's Co.	Add 0.01%	3,295	0.00
☰	SOLV - Solventum Corp	Reduce 2.67%	226,066	0.40
☰	IVZ - Invesco Ltd	Reduce 79.69%	11,657,511	6.51
	Q3 2025
☰	WEN - Wendy's Co.	Add 0.01%	2,229	0.00
☰	UHAL - U-Haul Holding Co.	Sell 100.00%	353,335	0.57
☰	UHAL.B - U Haul Holding Co Non Voting	Sell 100.00%	338,031	0.49
	Q2 2025
☰	FERG - Ferguson Enterprises Inc.	Add 7.69%	77,592	0.45
☰	WEN - Wendy's Co.	Add 0.04%	11,111	0.00
☰	IVZ - Invesco Ltd	Reduce 36.87%	8,544,987	3.53
☰	UHAL - U-Haul Holding Co.	Reduce 45.81%	298,665	0.53
☰	UHAL.B - U Haul Holding Co Non Voting	Reduce 69.94%	786,669	1.27
	Q1 2025
☰	WEN - Wendy's Co.	Reduce 0.33%	101,346	0.04
☰	FERG - Ferguson Enterprises Inc.	Reduce 18.47%	228,509	1.04
	Q4 2024
☰	UHAL - U-Haul Holding Co.	Add 45.02%	202,405	0.37
☰	SOLV - Solventum Corp	Add 18.76%	1,336,564	2.31
☰	UHAL.B - U Haul Holding Co Non Voting	Add 7.21%	75,645	0.13
☰	WEN - Wendy's Co.	Add 0.04%	12,434	0.01
☰	FERG - Ferguson Enterprises Inc.	Reduce 2.64%	33,536	0.18
	Q3 2024
☰	SOLV - Solventum Corp	Add 32.94%	1,765,676	3.26
☰	UHAL - U-Haul Holding Co.	Add 15.37%	59,895	0.12
☰	UHAL.B - U Haul Holding Co Non Voting	Add 15.37%	139,755	0.27
☰	WEN - Wendy's Co.	Reduce 3.16%	995,273	0.45
☰	IVZ - Invesco Ltd	Reduce 14.88%	4,050,292	1.60
☰	FERG - Ferguson Enterprises Inc.	Reduce 34.96%	683,053	3.50
☰	GEHC - GE HealthCare Technologies Inc.	Reduce 99.70%	1,338,804	2.76
☰	DIS - Walt Disney Co.	Sell 100.00%	2,645,583	6.95
☰	RTO - Rentokil Initial plc	Sell 100.00%	470,000	0.37
	Q2 2024
☰	WEN - Wendy's Co.	Add 0.13%	40,718	0.02
☰	SOLV - Solventum Corp	Buy	5,360,579	7.50
☰	UHAL.B - U Haul Holding Co Non Voting	Buy	909,300	1.44
☰	UHAL - U-Haul Holding Co.	Buy	389,700	0.64
☰	RTO - Rentokil Initial plc	Buy	470,000	0.37
☰	IVZ - Invesco Ltd	Reduce 19.79%	6,716,362	1.46
☰	FERG - Ferguson Enterprises Inc.	Reduce 21.65%	539,824	1.54
☰	DIS - Walt Disney Co.	Reduce 91.82%	29,692,273	47.59
☰	SYY - Sysco Corp.	Sell 100.00%	1,223,500	1.30
	Q1 2024
☰	FERG - Ferguson Enterprises Inc.	Reduce 40.49%	1,696,565	4.95
	Q4 2023
☰	GE - GE Aerospace	Add 0.01%	373	0.00
☰	GEHC - GE HealthCare Technologies Inc.	Add 0.00%	3	0.00
☰	DIS - Walt Disney Co.	Reduce 1.61%	530,451	0.70
☰	WEN - Wendy's Co.	Reduce 5.65%	1,883,593	0.62
☰	FERG - Ferguson Enterprises Inc.	Reduce 22.62%	1,224,966	3.27
	Q3 2023
☰	DIS - Walt Disney Co.	Add 411.56%	26,443,257	34.75
☰	WEN - Wendy's Co.	Add 60.86%	12,618,115	4.17
☰	GE - GE Aerospace	Add 0.02%	842	0.00
☰	SYY - Sysco Corp.	Buy	1,223,500	1.31
☰	FERG - Ferguson Enterprises Inc.	Reduce 1.45%	79,482	0.32
☰	MDLZ - Mondelez International	Sell 100.00%	16,530	0.03
	Q2 2023
☰	DIS - Walt Disney Co.	Add 8.59%	508,366	1.17
☰	WEN - Wendy's Co.	Reduce 4.48%	973,142	0.56
☰	FERG - Ferguson Enterprises Inc.	Reduce 6.30%	369,300	1.32
	Q1 2023
☰	MDLZ - Mondelez International	Add 1.79%	291	0.00
☰	GE - GE Aerospace	Add 0.01%	507	0.00
☰	GEHC - GE HealthCare Technologies Inc.	Buy	1,342,830	2.94
☰	WEN - Wendy's Co.	Reduce 14.32%	3,627,569	1.68
☰	DIS - Walt Disney Co.	Reduce 34.48%	3,113,116	5.55
☰	IVZ - Invesco Ltd	Reduce 39.13%	21,818,538	8.05
☰	FERG - Ferguson Enterprises Inc.	Reduce 47.73%	5,354,181	13.95
☰	SYY - Sysco Corp.	Sell 100.00%	4,540	0.01
	Q4 2022
☰	GE - GE Aerospace	Add 0.03%	1,217	0.00
☰	DIS - Walt Disney Co.	Buy	9,029,800	16.10
☰	SYY - Sysco Corp.	Reduce 99.94%	7,173,000	13.35
☰	PG - Procter & Gamble	Sell 100.00%	5,589	0.02
	Q3 2022
☰	PG - Procter & Gamble	Add 2.42%	132	0.00
☰	GE - GE Aerospace	Add 0.02%	659	0.00
☰	FERG - Ferguson Enterprises Inc.	Reduce 12.54%	1,608,430	3.91
☰	SYY - Sysco Corp.	Reduce 18.37%	1,615,617	3.01
	Q2 2022
☰	FERG - Ferguson Enterprises Inc.	Add 12.49%	1,423,880	3.46
☰	IVZ - Invesco Ltd	Add 3.19%	1,724,600	0.61
☰	GE - GE Aerospace	Add 0.01%	494	0.00
☰	SYY - Sysco Corp.	Reduce 23.56%	2,710,672	3.71
☰	MDLZ - Mondelez International	Reduce 96.39%	434,028	0.45
	Q1 2022
☰	IVZ - Invesco Ltd	Add 18.82%	8,560,175	3.73
☰	JHG - Janus Henderson Group	Add 12.72%	3,595,152	2.11
☰	FERG - Ferguson Enterprises Inc.	Add 0.09%	10,750	0.02
☰	MDLZ - Mondelez International	Add 0.02%	83	0.00
☰	GE - GE Aerospace	Add 0.00%	8	0.00
☰	SYY - Sysco Corp.	Reduce 10.50%	1,350,133	1.42
☰	PG - Procter & Gamble	Reduce 97.70%	231,927	0.51
☰	CMCSA - Comcast Corp.	Sell 100.00%	19,991,416	13.49
	Q4 2021
☰	IVZ - Invesco Ltd	Add 23.72%	8,718,084	3.04
☰	GE - GE Aerospace	Add 0.01%	485	0.00
☰	JHG - Janus Henderson Group	Buy	28,272,648	15.90
☰	SYY - Sysco Corp.	Reduce 3.95%	528,664	0.59
☰	FERG - Ferguson Enterprises Inc.	Reduce 10.50%	1,336,950	2.64
☰	MDLZ - Mondelez International	Reduce 94.37%	7,547,664	6.22
☰	PG - Procter & Gamble	Reduce 95.50%	5,032,139	9.96
	Q3 2021
☰	GE - GE Aerospace	Buy	4,025,628	5.87
☰	FERG - Ferguson Enterprises Inc.	Reduce 2.96%	388,442	0.70
☰	CMCSA - Comcast Corp.	Reduce 3.88%	806,050	0.59
☰	WEN - Wendy's Co.	Reduce 4.87%	1,297,290	0.39
☰	MDLZ - Mondelez International	Reduce 7.41%	640,237	0.52
☰	PG - Procter & Gamble	Reduce 9.02%	522,262	0.91
☰	SYY - Sysco Corp.	Reduce 25.14%	4,493,098	4.52
☰	6683 - General Electric Co.	Sell 100.00%	32,201,472	5.61
	Q2 2021
☰	CMCSA - Comcast Corp.	Add 4.73%	939,574	0.69
☰	IVZ - Invesco Ltd	Add 0.04%	14,236	0.00
☰	6683 - General Electric Co.	Add 0.02%	6,819	0.00
☰	FERG - Ferguson Enterprises Inc.	Reduce 0.72%	94,866	0.14
☰	MDLZ - Mondelez International	Reduce 7.95%	745,613	0.55
☰	SYY - Sysco Corp.	Reduce 13.24%	2,727,884	2.70
☰	PG - Procter & Gamble	Reduce 34.81%	3,093,092	5.27
	Q1 2021
☰	IVZ - Invesco Ltd	Add 0.01%	2,196	0.00
☰	6683 - General Electric Co.	Add 0.00%	54	0.00
☰	FERG - Ferguson Enterprises Inc.	Buy	13,212,239	19.88
☰	PG - Procter & Gamble	Reduce 9.56%	938,847	2.10
☰	MDLZ - Mondelez International	Reduce 23.35%	2,857,861	2.68
	Q4 2020
☰	CMCSA - Comcast Corp.	Add 27.06%	4,229,746	3.56
☰	6683 - General Electric Co.	Add 0.04%	11,366	0.00
☰	PG - Procter & Gamble	Reduce 3.01%	305,151	0.75
☰	SYY - Sysco Corp.	Reduce 15.49%	3,776,235	4.14
☰	NVT - nVent Electric plc	Sell 100.00%	5,827,483	1.82
	Q3 2020
☰	CMCSA - Comcast Corp.	Buy	15,628,146	12.76
☰	IVZ - Invesco Ltd	Buy	36,739,343	7.40
☰	PG - Procter & Gamble	Reduce 6.44%	696,977	1.73
☰	MDLZ - Mondelez International	Reduce 22.76%	3,607,362	3.82
☰	6683 - General Electric Co.	Reduce 45.76%	27,149,089	3.84
☰	NVT - nVent Electric plc	Reduce 52.97%	6,563,959	2.55
☰	BNY - Bank of New York Mellon Corp.	Sell 100.00%	4,383,286	3.51
	Q2 2020
☰	SYY - Sysco Corp.	Add 2.97%	703,700	0.80
☰	MDLZ - Mondelez International	Add 0.02%	3,581	0.00
☰	6683 - General Electric Co.	Reduce 7.63%	4,904,462	0.56
☰	NVT - nVent Electric plc	Reduce 8.59%	1,164,379	0.28
☰	BNY - Bank of New York Mellon Corp.	Reduce 54.82%	5,317,802	2.58
☰	PG - Procter & Gamble	Reduce 65.12%	20,208,933	32.04
☰	LM - Legg Mason Inc.	Sell 100.00%	3,881,704	2.73
	Q1 2020
☰	NVT - nVent Electric plc	Add 0.03%	3,860	0.00
☰	6683 - General Electric Co.	Add 0.02%	9,843	0.00
☰	PG - Procter & Gamble	Reduce 3.48%	1,119,842	1.47
☰	MDLZ - Mondelez International	Reduce 15.84%	2,983,025	1.73
☰	BNY - Bank of New York Mellon Corp.	Reduce 20.18%	2,453,278	1.30
	Q4 2019
☰	SYY - Sysco Corp.	Add 0.02%	4,540	0.00
☰	6683 - General Electric Co.	Add 0.00%	35	0.00
☰	MDLZ - Mondelez International	Add 0.00%	47	0.00
☰	PG - Procter & Gamble	Reduce 12.22%	4,475,930	5.81
	Q3 2019
☰	LM - Legg Mason Inc.	Add 0.10%	3,930	0.00
☰	6683 - General Electric Co.	Add 0.01%	9,623	0.00
☰	MDLZ - Mondelez International	Add 0.00%	42	0.00
☰	PG - Procter & Gamble	Add 0.00%	14	0.00
☰	BNY - Bank of New York Mellon Corp.	Reduce 3.70%	467,215	0.22
☰	WEN - Wendy's Co.	Reduce 6.99%	2,000,000	0.41
☰	PPG - PPG Industries	Sell 100.00%	4,224,826	5.20
	Q2 2019
☰	SYY - Sysco Corp.	Add 2.11%	489,566	0.37
☰	MDLZ - Mondelez International	Add 0.02%	3,406	0.00
☰	LM - Legg Mason Inc.	Buy	3,877,774	1.57
☰	PG - Procter & Gamble	Reduce 0.19%	71,485	0.08
☰	BNY - Bank of New York Mellon Corp.	Reduce 4.67%	618,606	0.33
☰	6683 - General Electric Co.	Reduce 9.39%	6,654,877	0.71
☰	NVT - nVent Electric plc	Reduce 22.86%	4,016,812	1.16
☰	PPG - PPG Industries	Reduce 29.38%	1,757,804	2.12
	Q1 2019
☰	NVT - nVent Electric plc	Add 0.03%	5,775	0.00
☰	6683 - General Electric Co.	Add 0.01%	6,843	0.00
☰	MDLZ - Mondelez International	Add 0.00%	34	0.00
☰	PG - Procter & Gamble	Reduce 3.19%	1,208,738	1.20
☰	WEN - Wendy's Co.	Reduce 9.48%	3,000,000	0.51
☰	PPG - PPG Industries	Reduce 14.65%	1,026,782	1.14
☰	BNY - Bank of New York Mellon Corp.	Reduce 17.96%	2,898,936	1.48
☰	SYY - Sysco Corp.	Reduce 18.10%	5,121,873	3.47
☰	PNR - Pentair plc	Sell 100.00%	8,580,717	3.51
	Q4 2018
☰	PPG - PPG Industries	Add 69.18%	2,866,150	3.17
☰	PG - Procter & Gamble	Add 0.01%	2,145	0.00
☰	6683 - General Electric Co.	Add 0.00%	103	0.00
☰	BNY - Bank of New York Mellon Corp.	Add 0.00%	181	0.00
☰	MDLZ - Mondelez International	Add 0.00%	63	0.00
☰	SYY - Sysco Corp.	Reduce 24.84%	9,352,783	6.63
☰	PNR - Pentair plc	Reduce 28.71%	3,455,865	1.45
	Q3 2018
☰	6683 - General Electric Co.	Add 0.01%	4,083	0.00
☰	MDLZ - Mondelez International	Add 0.00%	93	0.00
☰	PPG - PPG Industries	Buy	4,143,262	4.37
☰	SYY - Sysco Corp.	Reduce 11.53%	4,905,556	3.34
☰	PNR - Pentair plc	Reduce 12.39%	1,702,862	0.71
	Q2 2018
☰	MDLZ - Mondelez International	Add 0.02%	4,620	0.00
☰	6683 - General Electric Co.	Add 0.01%	7,313	0.00
☰	BNY - Bank of New York Mellon Corp.	Add 0.01%	2,346	0.00
☰	NVT - nVent Electric plc	Buy	17,562,998	4.39
☰	SYY - Sysco Corp.	Reduce 5.08%	2,278,393	1.38
☰	WEN - Wendy's Co.	Reduce 7.07%	2,405,292	0.43
☰	PNR - Pentair plc	Reduce 10.85%	1,672,138	1.15
	Q1 2018
☰	BNY - Bank of New York Mellon Corp.	Add 2.28%	360,164	0.19
☰	SYY - Sysco Corp.	Add 0.77%	341,590	0.21
☰	6683 - General Electric Co.	Add 0.00%	2,763	0.00
☰	PNR - Pentair plc	Reduce 0.00%	225	0.00
☰	WEN - Wendy's Co.	Reduce 12.81%	5,000,000	0.69
☰	MDLZ - Mondelez International	Reduce 55.72%	23,684,641	8.58
	Q4 2017
☰	PNR - Pentair plc	Add 1.39%	210,876	0.13
☰	SYY - Sysco Corp.	Add 0.01%	6,528	0.00
☰	BNY - Bank of New York Mellon Corp.	Reduce 29.49%	6,599,057	2.89
	Q3 2017
☰	SYY - Sysco Corp.	Add 1.18%	517,939	0.23
☰	PG - Procter & Gamble	Add 0.79%	296,609	0.22
☰	MDLZ - Mondelez International	Add 0.00%	78	0.00
☰	BNY - Bank of New York Mellon Corp.	Reduce 30.89%	10,000,000	3.85
☰	DD - DuPont de Nemours Inc.	Sell 100.00%	9,390,689	5.71
	Q2 2017
☰	PNR - Pentair plc	Add 6.02%	862,769	0.43
☰	6683 - General Electric Co.	Add 2.72%	1,874,000	0.38
☰	PG - Procter & Gamble	Add 2.43%	893,157	0.59
☰	BNY - Bank of New York Mellon Corp.	Add 0.01%	2,833	0.00
☰	SYY - Sysco Corp.	Add 0.00%	750	0.00
☰	MDLZ - Mondelez International	Reduce 3.91%	1,727,450	0.56
☰	WEN - Wendy's Co.	Reduce 12.35%	5,500,000	0.56
	Q1 2017
☰	PG - Procter & Gamble	Add 472.28%	30,302,571	20.42
☰	6683 - General Electric Co.	Add 2.31%	1,557,940	0.35
☰	PNR - Pentair plc	Add 0.01%	1,122	0.00
☰	MDLZ - Mondelez International	Add 0.00%	119	0.00
☰	SYY - Sysco Corp.	Add 0.00%	720	0.00
☰	DD - DuPont de Nemours Inc.	Reduce 36.69%	5,442,568	3.60
	Q4 2016
☰	WEN - Wendy's Co.	Add 9.18%	3,743,384	0.46
☰	SYY - Sysco Corp.	Add 0.02%	6,658	0.00
☰	BNY - Bank of New York Mellon Corp.	Add 0.00%	30	0.00
☰	PNR - Pentair plc	Buy	14,337,040	7.25
☰	PG - Procter & Gamble	Buy	6,416,284	4.86
☰	6683 - General Electric Co.	Reduce 7.17%	5,205,000	1.65
☰	MDLZ - Mondelez International	Reduce 7.91%	3,799,950	1.79
☰	DD - DuPont de Nemours Inc.	Reduce 15.00%	2,617,634	1.88
	Q3 2016
☰	BNY - Bank of New York Mellon Corp.	Add 0.47%	152,027	0.07
☰	SYY - Sysco Corp.	Add 0.00%	762	0.00
☰	6683 - General Electric Co.	Reduce 2.87%	2,142,461	0.70
☰	DD - DuPont de Nemours Inc.	Reduce 9.30%	1,788,488	1.20
	Q2 2016
☰	SYY - Sysco Corp.	Add 1.60%	693,744	0.36
☰	BNY - Bank of New York Mellon Corp.	Add 1.24%	393,866	0.16
☰	6683 - General Electric Co.	Add 0.70%	521,321	0.17
☰	MDLZ - Mondelez International	Add 0.01%	3,740	0.00
☰	DD - DuPont de Nemours Inc.	Reduce 6.08%	1,245,883	0.82
☰	LM - Legg Mason Inc.	Sell 100.00%	11,039,896	3.99
☰	TIF - Tiffany & Co. NEW	Sell 100.00%	14,260	0.01
	Q1 2016
☰	BNY - Bank of New York Mellon Corp.	Add 2.88%	891,217	0.34
☰	SYY - Sysco Corp.	Add 1.37%	586,344	0.29
☰	DD - DuPont de Nemours Inc.	Add 1.29%	261,187	0.17
☰	MDLZ - Mondelez International	Add 0.00%	40	0.00
☰	6683 - General Electric Co.	Reduce 4.55%	3,536,286	0.95
☰	PEP - PepsiCo Inc.	Sell 100.00%	18,316,211	15.71
	Q4 2015
☰	SYY - Sysco Corp.	Add 3.07%	1,272,707	0.45
☰	BNY - Bank of New York Mellon Corp.	Add 2.34%	706,813	0.25
☰	MDLZ - Mondelez International	Add 0.00%	37	0.00
☰	6683 - General Electric Co.	Reduce 14.12%	12,784,014	2.92
☰	DD - DuPont de Nemours Inc.	Reduce 21.62%	5,577,809	2.43
☰	IREUR - Ingersoll-Rand PLC	Sell 100.00%	2,835,302	1.30
☰	CC - Chemours Co.	Sell 100.00%	4,879,376	0.29
	Q3 2015
☰	SYY - Sysco Corp.	Add 305.28%	31,194,482	11.00
☰	DD - DuPont de Nemours Inc.	Add 5.04%	1,238,800	0.54
☰	BNY - Bank of New York Mellon Corp.	Add 0.01%	3,064	0.00
☰	MDLZ - Mondelez International	Add 0.00%	34	0.00
☰	6683 - General Electric Co.	Buy	90,565,555	20.67
☰	CC - Chemours Co.	Buy	4,879,376	0.29
☰	WEN - Wendy's Co.	Reduce 24.49%	13,232,044	1.74
☰	IREUR - Ingersoll-Rand PLC	Reduce 61.10%	4,453,828	3.51
☰	FDO - Family Dlr Stores Inc.	Sell 100.00%	3,679	0.00
	Q2 2015
☰	TIF - Tiffany & Co. NEW	Add 6.32%	848	0.00
☰	MDLZ - Mondelez International	Add 0.01%	3,936	0.00
☰	SYY - Sysco Corp.	Buy	10,218,418	4.31
☰	LM - Legg Mason Inc.	Reduce 14.34%	1,848,068	1.19
☰	IREUR - Ingersoll-Rand PLC	Reduce 14.95%	1,281,163	1.02
☰	WEN - Wendy's Co.	Reduce 16.63%	10,775,664	1.37
☰	ALLE - Allegion Pub Ltd Co	Sell 100.00%	1,655,388	1.18
	Q1 2015
☰	BNY - Bank of New York Mellon Corp.	Add 4.60%	1,328,000	0.62
☰	MDLZ - Mondelez International	Add 3.73%	1,725,092	0.73
☰	PEP - PepsiCo Inc.	Add 2.52%	450,380	0.50
☰	DD - DuPont de Nemours Inc.	Add 1.03%	250,000	0.21
☰	IREUR - Ingersoll-Rand PLC	Reduce 33.15%	4,250,758	2.86
☰	FDO - Family Dlr Stores Inc.	Reduce 99.96%	8,362,707	7.03
☰	LAZ - Lazard Inc.	Sell 100.00%	4,973,851	2.64
	Q4 2014
☰	DD - DuPont de Nemours Inc.	Add 249.33%	17,353,207	13.60
☰	MDLZ - Mondelez International	Add 10.92%	4,557,171	1.75
	Q3 2014
☰	BNY - Bank of New York Mellon Corp.	Add 51.21%	9,786,796	4.98
☰	PEP - PepsiCo Inc.	Add 38.08%	4,927,178	6.03
☰	DD - DuPont de Nemours Inc.	Add 13.33%	818,513	0.77
☰	IREUR - Ingersoll-Rand PLC	Add 7.03%	842,137	0.62
☰	LM - Legg Mason Inc.	Add 0.01%	1,471	0.00
☰	LAZ - Lazard Inc.	Reduce 24.71%	1,632,689	1.24
	Q2 2014
☰	TIF - Tiffany & Co. NEW	Add 6.17%	780	0.00
☰	PEP - PepsiCo Inc.	Add 4.16%	517,107	0.68
☰	MDLZ - Mondelez International	Add 0.01%	3,861	0.00
☰	BNY - Bank of New York Mellon Corp.	Buy	19,110,843	10.54
☰	IREUR - Ingersoll-Rand PLC	Reduce 0.01%	1,144	0.00
☰	ALLE - Allegion Pub Ltd Co	Reduce 44.02%	1,301,500	1.18
☰	GNCIQ - GNC Hldgs Inc.	Sell 100.00%	359,254	0.27
	Q1 2014
☰	DD - DuPont de Nemours Inc.	Add 6.28%	362,961	0.42
☰	MDLZ - Mondelez International	Add 0.64%	264,915	0.16
☰	PEP - PepsiCo Inc.	Add 0.59%	73,000	0.11
☰	FDO - Family Dlr Stores Inc.	Add 0.02%	1,389	0.00
☰	IREUR - Ingersoll-Rand PLC	Add 0.02%	2,382	0.00
☰	GNCIQ - GNC Hldgs Inc.	Reduce 0.11%	400	0.00
☰	LAZ - Lazard Inc.	Reduce 1.43%	95,840	0.07
☰	WEN - Wendy's Co.	Reduce 21.93%	18,200,000	2.68
☰	ALLE - Allegion Pub Ltd Co	Reduce 25.94%	1,035,667	0.77
	Q4 2013
☰	TIF - Tiffany & Co. NEW	Add 18.60%	1,981	0.00
☰	MDLZ - Mondelez International	Add 1.29%	526,228	0.31
☰	PEP - PepsiCo Inc.	Add 0.64%	78,500	0.11
☰	ALLE - Allegion Pub Ltd Co	Buy	3,992,555	2.97
☰	IREUR - Ingersoll-Rand PLC	Reduce 7.18%	926,318	1.10
☰	GNCIQ - GNC Hldgs Inc.	Reduce 53.71%	417,244	0.42
	Q3 2013
☰	LM - Legg Mason Inc.	Add 0.02%	2,156	0.00
☰	IREUR - Ingersoll-Rand PLC	Reduce 4.21%	566,674	0.62
☰	STT - State Street Corp.	Sell 100.00%	1,862,816	2.39
☰	BID - Sothebys	Sell 100.00%	2,074,182	1.55
	Q2 2013
☰	MDLZ - Mondelez International	Buy	40,946,850	23.00
☰	PEP - PepsiCo Inc.	Buy	12,270,046	19.76
☰	IREUR - Ingersoll-Rand PLC	Buy	13,470,668	14.73
☰	FDO - Family Dlr Stores Inc.	Buy	8,364,997	10.26
☰	WEN - Wendy's Co.	Buy	83,000,245	9.53
☰	LM - Legg Mason Inc.	Buy	12,884,337	7.87
☰	DD - DuPont de Nemours Inc.	Buy	5,778,403	5.97
☰	LAZ - Lazard Inc.	Buy	6,702,380	4.24
☰	STT - State Street Corp.	Buy	1,862,816	2.39
☰	BID - Sothebys	Buy	2,074,182	1.55
☰	GNCIQ - GNC Hldgs Inc.	Buy	776,898	0.68
☰	TIF - Tiffany & Co. NEW	Buy	10,651	0.02