Trian Sells About $1.1 Billion of Stake in Snackmaker Mondelez

Trian Fund Management sold about $1.1 billion worth of its holdings in Mondelez International Inc. over the past 10 days, as the investment firm’s co-founder Nelson Peltz stepped down from the board.

Funds managed by Trian sold $793 million worth of common shares in the snack giant on Tuesday, according to a regulatory filing. Another $285 million worth of shares were sold on Feb. 27, according to a separate filing. The funds also unwound equity swaps as part of the transactions.