U-Haul Holdings was one of several new positions built by Trian Fund Management in the second quarter, according to securities filings.
Hedge fund of activist investor Nelson Peltz unveiled several new positions in a securities filing Wednesday. Trian Fund Management showed a $283 million stake in Solventum — a health care company spun off from 3M earlier this year — and a nearly $80 million stake in U-Haul Holding . Another new stake for Trian was British pest control company Rentokil Initial , a position valued at $14 million.
reported in June that Trian had bought a significant position in Rentokil, so the fund may have sold some shares during the quarter. The Solventum stake had previously been reported by Bloomberg News . While Peltz has a long history as an activist investor, it is not clear if Trian engaged directly with the companies in these new holdings. The filing also shows that Peltz's fund exited a position in Sysco Corp. that had been worth than $99 million at the end of the first quarter.
Markets Allstate Corp Solventum Corp Amerco Rentokil Initial PLC Rentokil Initial PLC Invesco Ltd Ferguson PLC Walt Disney Co Sysco Corp 3M Co Nelson Peltz Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Activist Trian has a few levers to pull to build shareholder value at SolventumSince its spinoff from 3M, Solventum has been under-covered and misunderstood by the market.
Read more »
Activist Trian has a few levers to pull to build shareholder value at SolventumSince its spinoff from 3M, Solventum has been under-covered and misunderstood by the market.
Read more »
Nicola Peltz Sues Dog Groomer After Death of Chihuahua NalaNicola Peltz-Beckham is officially taking legal action against the groomer who treated her beloved dog before she died.
Read more »
Nicola Peltz Beckham suing NY groomer over death of her ChihuahuaNicola Peltz Beckham filed a lawsuit against the mobile grooming service over the death of her Chihuahua 'Nala.'
Read more »
Brooklyn Beckham Shares Silly Video of Wife Nicola Brushing Her Teeth in Underwear and Heels — Watch!Brooklyn Peltz Beckham shared a video of his wife Nicola Peltz Beckham brushing her teeth while wearing high heels and underwear. See the clip!
Read more »
Nicola Peltz Beckham Gets ‘Emergency’ Manicure and Reminds Us How Massive Her Engagement Ring Upgrade IsNicola Peltz Beckham's nail artist shared a new photo of the 'Lola' director's upgraded engagement ring from Brooklyn Peltz Beckham — and you'll want to see it again!
Read more »