Disney Still Makes Up A Chunk Of Peltz's Trian Fund Despite $4B Exit, Records Show
Portfolio Pulse from Michael Juliano
Trian Fund Management, led by Nelson Peltz, sold a significant portion of its stake in Disney but still retains a smaller position. The fund also made various other trades, including selling shares of Ferguson Plc and Sysco Corp., and buying shares of UHaul, Solventum Corporation, and Rentokil Initial. Disney's stock and related ETFs saw positive movement following the news.
August 15, 2024 | 8:25 pm
News sentiment analysis
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POSITIVE IMPACT
First Trust S-Network Streaming & Gaming ETF gained 1.34% following the news about Disney.
The positive movement in Disney's stock likely contributed to the gain in the First Trust S-Network Streaming & Gaming ETF, which includes Disney in its portfolio.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Trian Fund Management sold 29.7 million shares of Disney but retains 2.65 million shares. Disney's stock gained 2.66% following the news.
The sale of a large portion of Disney shares by Trian Fund Management indicates a significant shift in investment strategy. However, the retention of a smaller position suggests continued confidence in Disney. The stock's gain of 2.66% reflects positive market sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
AdvisorShares Gerber Kawasaki ETF improved 1.72% following the news about Disney.
The positive movement in Disney's stock likely contributed to the gain in the AdvisorShares Gerber Kawasaki ETF, which includes Disney in its portfolio.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
iShares Global Comm Services ETF went up 0.79% following the news about Disney.
The positive movement in Disney's stock likely contributed to the gain in the iShares Global Comm Services ETF, which includes Disney in its portfolio.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Vanguard Communication Services ETF ticked up 1.18% following the news about Disney.
The positive movement in Disney's stock likely contributed to the gain in the Vanguard Communication Services ETF, which includes Disney in its portfolio.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Trian sold 539,884 shares of Ferguson Plc, reducing its position to 1.95 million shares. The impact on Ferguson's stock is not detailed.
The sale of Ferguson shares by Trian Fund Management reduces its stake but does not indicate a complete exit. The impact on Ferguson's stock price is not specified, suggesting a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
ALPS Global Travel Beneficiaries ETF edged up 0.02% following the news about Disney.
The slight increase in the ALPS Global Travel Beneficiaries ETF suggests a minimal impact from the news about Disney.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Trian sold 1.22 million shares of Sysco Corp. for $99.3 million. The impact on Sysco's stock is not detailed.
The sale of Sysco shares by Trian Fund Management indicates a reduction in its position. The impact on Sysco's stock price is not specified, suggesting a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50