Peltz's Trian Fund slashes stakes in Invesco, Disney; exits Sysco
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Nelson Peltz's Trian Fund ManagementÂ slashed its stakes in Invesco (NYSE:IVZ) to 33.9M shares from ~55.6M shares, Disney (NYSE:DIS) to 5.9M from over 9M, and Wendy's (WEN) to 21.7M fromÂ 25.3M during Q1, its latest 13F filing noted.
The firm exited its Sysco (NYSE:SYY) holdings andÂ added GE HealthCare Technologies (GEHC).
Trian FundÂ boosted its stakes in General Electric (GE) marginally to over 4M shares, and Mondelez (MDLZ) to 16.5K from 16.2K, the filing showed.
Earlier, CNBC's Jim Cramer said Nelson Peltz is not involved in Estee Lauder.