Nelson Peltz, Trian Report No Kraft Stake At June 30
August 13 2010 - 7:00PM
Dow Jones News
Nelson Peltz's Trian Partners on Friday reported no stake in
Kraft Foods Inc. (KFT) on June 30, according to regulatory
filings.
Peltz previously held nearly 4.5 million shares in the food
company, a significant portion of his portfolio. The famously
aggressive shareholder has generally been selling his one-time
massive position in Kraft--once worth more than $1 billion--since
early last year, according to disclosures.
Peltz's Trian notably held more than one million put options on
the SPDR S&P 500 exchange-traded fund, which tracks the
Standard & Poor's 500-stock index. The disclosures don't
indicate if those bets are bullish or bearish.
Trian added a modest new stake in trust bank State Street Corp.
(STT).
Peltz also added new small positions in two broadcast companies,
LIN TV Corp. (TVL) and Sinclair Broadcast Group Inc. (SBGI),
according to the filings. He also added a position in
cigarette-papers maker Schweitzer-Mauduit International Inc.
(SWM).
Many investors that manage more than $100 million are required
to file 13-Fs with their stock holdings 45 days after the end of a
given quarter, giving the public its freshest possible glimpse into
the portfolios of well-known money managers.
-By Marshall Eckblad and David J. Reynolds, Dow Jones Newswires;
212-416-2156; marshall.eckblad@dowjones.com
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