Trian Fund Management LP
Last Updated: 12/3/2020
Trian Fund Management LP is a Limited Partnership that started in 2005 and is primarily owned and controlled by Nelson Peltz, Peter May and Ed Garden.
Trian provides discretionary investment advisory services to a variety of domestic and offshore private investment partnerships and other investment vehicles
Trian Fund Management LP operates out of an office in New York, NY. Based on the Form ADV filed on 2020-04-07 00:00:00, the investment firm is comprised of 40 employees, only 17 of whom performs investment advisory functions.
Fact Sheet
- Name: Trian Fund Management LP
- CRD No: 154172
- Filing Recorded: 2020-04-07 00:00:00
- Year of Origin: 2005
- Employees: 40
- Clients: 29
- AUM: 11,315,975,205
- Management Fee: 1 to 2 Percent
- Performance Fee: 15 to 20 Percent
- Client Type: Pooled Investment Vehicles, Corporations or Other Businesses
- Assets Traded: Cash and Cash Equivalents
Contact
- Website: https://trianpartners.com/
- Email: Unknown
- Telephone: 212-451-3000
- Address: 280 Park Avenue, 41st Floor, New York, NY 10017
Investment Strategy
According to the brochure submitted to IAPD, Trian Funds investment strategy is as follows:
The Adviser typically invests in public companies with attractive business models that it believes trade significantly below intrinsic value primarily due to operating underperformance and/or under-management. The Adviser looks to work constructively with management and boards of directors to execute the Adviser’s strategic and operational initiatives designed to increase the long-term earnings power of the company. The Adviser seeks to reach its price objective for each investment primarily by increasing earnings and cash flow (higher sales, lower expenses), and not by financial engineering (e.g., leveraged recapitalization or “break-up” of the company) or assumed multiple expansion. Generally, the Adviser does not invest in companies that have a controlling shareholder, or in those companies that it believes are more susceptible to exogenous risk factors, such as technological obsolescence.
Methods of Analysis
In addition, Trian Funds methods of analysis include:
Trian’s Funds invest primarily in publicly-traded equity securities. However, under the terms of the offering documents the Funds are generally permitted to invest in a broad range of securities and instruments, including, without limitation, U.S. and non-U.S. equity and equity-related securities (including distressed investments), bonds, bank debt and other fixed income investments, futures, forward contracts, warrants, options, repurchase agreements, reverse repurchase agreements, bankruptcy and trade claims, swaps and other derivative instruments, currencies, commodities, money market securities and other cash equivalents. The Funds generally may take either long or short positions and many of the Funds may use leverage in connection with their activities. There can be no assurance that the investment objective of the Funds will be achieved.
Top 10 Holdings from Form 13F
Reporting Period: 09/30/2020
| Issuer | Share | Value(1000s) | Put/Call |
|---|---|---|---|
| Sysco Corp. | 24,379,843 | 1,516,914 | |
| Procter and Gamble Co. | 10,128,875 | 1,407,812 | |
| Comcast Class A Ord | 15,628,146 | 722,958 | |
| Mondelez Intl Inc. | 12,241,559 | 703,278 | |
| Wendys Co. | 26,630,629 | 593,863 | |
| Invesco Ltd. | 36,739,343 | 419,196 | |
| Janus Henderson Group plc | 17,666,612 | 383,719 | |
| General Electric Co. | 32,183,233 | 200,502 | |
| nVent Electric Plc | 5,827,483 | 103,088 |
Historical 13F Filings
EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forTrian Fund Management LPin our 13F section HERE.
To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.