Trian Fund Management Holdings in 3rd Quarter: 13F Alert

The following is an analysis of Trian Fund Management L.P. as of September 30, according to a filing with the U.S. Securities and Exchange Commission on 11/14/2011.

Top Positions by Market Value 
Company Name                 Ticker      Market Value      Current     Change
                                            (USD $)       Position  In Position
Kraft Foods Inc-Class A      KFT US       581,308,484   17,311,152            0
Legg Mason Inc               LM US        377,995,336   14,702,269    3,444,899
Family Dollar Stores         FDO US       367,651,428    7,228,695    1,038,536
Wendy's Co/The               WEN US       351,700,236   76,623,145            0
State Street Corp            STT US       312,851,387    9,727,966    3,584,600
Tiffany & Co                 TIF US       272,594,875    4,481,994     -599,097
Domino's Pizza Inc           DPZ US       161,351,338    5,921,150      -78,850
PepsiCo Inc                  PEP US       145,780,257    2,355,093    2,355,093
HJ Heinz Co                  HNZ US        53,790,680    1,065,584     -981,750
Charter Communication-A      CHTR US        4,220,799       90,111       38,000
 
 
Top New Buys by Market Value 
Company Name                 Ticker      Market Value      Current     Change
                                            (USD $)       Position  In Position
PepsiCo Inc                  PEP US       145,780,257    2,355,093    2,355,093
CBS Corp-Class B Non Voting  CBS US         1,936,100       95,000       95,000 
 
Top Sell Outs by Market Value 
Company Name                 Ticker         MV Change      Current     Change
                                            (USD $)       Position  In Position
Consol Energy Inc            CNX US       -33,921,456            0     -699,700
Corelogic Inc                CLGX US      -22,497,392            0   -1,346,343
Peets Coffee & Tea Inc       PEET US      -17,310,000            0     -300,000
SPDR Gold Trust              GLD US        -1,985,614            0      -13,600
Las Vegas Sands Corp         LVS US        -1,688,400            0      -40,000
 
 
Top Position Increases by Market Value 
Company Name                 Ticker         MV Change      Current     Change
                                            (USD $)       Position  In Position
Family Dollar Stores         FDO US        42,296,671    7,228,695    1,038,536
State Street Corp            STT US        35,847,014    9,727,966    3,584,600
Legg Mason Inc               LM US          9,203,895   14,702,269    3,444,899
Charter Communication-A      CHTR US        1,393,256       90,111       38,000
iStar Financial Inc          SFI US          -609,971      354,900       25,000
 
 
Top Position Decreases By Market Value 
Company Name                 Ticker         MV Change      Current     Change
                                            (USD $)       Position  In Position
Tiffany & Co                 TIF US      -126,372,390    4,481,994     -599,097
HJ Heinz Co                  HNZ US       -55,291,276    1,065,584     -981,750
Lin TV Corp-Cl A             TVL US        -1,840,856      400,910     -156,552
Belo Corporation-A           BLC US        -1,205,700      200,000      -90,000
Domino's Pizza Inc           DPZ US         9,911,338    5,921,150      -78,850
 
 
SOURCE: SEC 13F-HR 
FILER: Trian Fund Management L.P. 
QUARTER ENDED: 09/30/2011 
SEC RECEIVED: 11/14/2011 

To contact the reporter on this story: Chris Cappucci in Princeton at ccappucci1@bloomberg.net.

To contact the editor responsible for this story: Rodney Yap at ryap@bloomberg.net.

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