MutualFundWire.com: Peltz Ups His Bets On Two Fund Firms

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Tuesday, May 17, 2022

Peltz Ups His Bets On Two Fund Firms

A high profile activist investor is adding to his bets on a pair of big, publicly traded fund firms.

Nelson Peltz
Trian Fund Management
CEO, Founding Partner

Last quarter, Nelson Peltz's Trian Fund Management, L.P. increased its stakes in both Invesco Ltd. [profile] and Janus Henderson Group plc [profile], according to Trian's latest form 13F, filed with the SEC on Friday. (Seeking Alpha highlighted the changes. And here's Trian's prior 13F, filed back on February 11.)

More specifically, Trian increased its Invesco stake by 18.8 percent in Q1 to 54.034034 million shares on March 31, 2022. (With 455.02 million Invesco shares outstanding, Trian's shares translate into an 11.9-percent stake.) And Trian increased its Janus Henderson stake by 12.7 percent in Q1 to 31.8678 million shares on March 31. (With 166.96 million Janus Henderson shares outstanding, Trian's shares translate into a 19.1-percent stake.)

Peltz has been betting on Invesco and Janus Henderson at least as far back as fall 2020. The latest stake increases come after Peltz and one of his Trian partners left Invesco's board two months ago and promptly joined Janus Henderson's. Meanwhile, Janus Henderson switched last month to an interim CEO and is poised to bring on a new non-interim CEO next month.

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