US activist firm Trian slashes holdings in P&G and Mondelēz – Reuters

Trian Fund Management has said in a regulatory filing that it has cut its stakes in Mondelēz International and Procter & Gamble Co (P&G) by over 90% each in the quarter ended 31 December 2021, according to a report by Reuters.

Trian owned 237,384 shares of P&G and 450,184 shares of Mondelēz at the end of the fourth quarter. The filing signals that the collaboration between Trian and the two businesses may come to an end.

13-F filings require fund managers to disclose how much stock they held in US companies at the end of the previous quarter.

Trian began buying into Mondelēz in 2013 and Peter May, one of the firm’s founding partners, is a member of the confectionery giant’s board.