Nelson Peltz is a 78-year old billionaire who was born in 1942 in New York. Once he was the truck driver for the wholesale business of his family related to food distribution. He tried to receive a degree from the Wharton School and University of Pennsylvania but dropped out eventually in 1963. He received a share in the family-owned business and then grow it to a huge sum of money. He was the co-founder of Trian Fund Management that was established in 2005. We are sharing this post on the basis of the information shared by Insider Monkey in their post related to the Favorite Stocks of Nelson Peltz. According to Insider Monkey:
“Being one of the most fortunate activist investor, Nelson Peltz, has a net worth of $1.7 billion. He co-founded the activist hedge fund Trian Fund Management L.P., a multi-billion dollar investment management firm that has investors ranging from insurance companies to pension funds and university endowments and currently has around $9 billion in assets under management. Peltz is also a Non-Executive Chairman of Wendy’s Company (NASDAQ: WEN), Director of Legg Mason, Procter & Gamble (NYSE: PG), the Madison Square Garden Company (NYSE: MSGS), and Sysco (NYSE: SYY).”
Now, let’s start with stock picks on our list. nVent Electrics is on top of our list which has revenue of $2.2 billion and is well-known for reliable electric equipment. This company became public in the year 2018 due to a spin-off from PNT (Pentair). The division of PNT into 2 key businesses is the outcome of years of efforts, not only on behalf of the organizational management but also due to Trian Partners, a well-known activist fund. After the spin-off, nVent Electric emerged as the company focusing on heat management systems, electronic protection, fastening, and electrical solutions, and electric heat tracing products or solutions. The portfolio of the company involves brands such as Erico, Caddy, Hoffman, Schoff, Tracer, and Raychem. The majority of the revenues of the company are through the industrial sector, which accounts for around 45% of sales.
Next is a 128 years old digital industry company known as General Electric which is offering a range of services and products ranging from aircraft engines, financings, power generation to gas and oil production tools and material, etc. The company is running its business in 130 different countries and employed 200,000 individuals. Thomas Edison is the founder of General Electric and this company is a high-level multinational conglomerate company whose aim is to develop an improved world via dedicated products and services, global assets, and leading technology.
This is not the end, there are other stocks picks in the portfolio of Nelson Peltz, which you can check in Billionaire Nelson Peltz’s Favorite Stocks post shared by Insider Monkey.