State Street Holding Raised by Peltz’s Trian Hedge Fund to 1.2%
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Trian Fund Management LP, the hedge fund run by billionaire Nelson Peltz, raised its stake in State Street Corp. to 1.2 percent last quarter from 0.5 percent of common shares outstanding three months earlier.
Trian and its affiliates held 6.1 million State Street shares as of June 30, up from 2.3 million on March 31, according to a Form 13F filed today with the U.S. Securities and Exchange Commission. The June 30 holdings have a market value of about $214 million.