Peltz's Trian Discloses New Stake in Bank of New York Mellon ~ market folly

Monday, June 30, 2014

Peltz's Trian Discloses New Stake in Bank of New York Mellon

Nelson Peltz's activist investment firm Trian Partners has filed an amended 13F with the SEC.  Per the filing, they've disclosed a new position in Bank of New York Mellon (BK).  This amendment was made to their first quarter 2014 13F filing.

This means that they owned 9,330,230 shares as of March 31st, 2014.  In their original Q1 13F, Trian had filed for confidential treatment of their position with the SEC.

For more on this firm, we've posted some of Trian's Q1 letter.

Per Google Finance, Bank of New York Mellon is "a global financial services company. The Company divides its businesses into two principal segments: Investment Management and Investment Services. It has an Other segment, which includes credit-related activities, the lease financing portfolio, corporate treasury activities (including its investment securities portfolio), its equity investments in Wing Hang Bank Limited and ConvergEx Group, business exits and corporate overhead. Its two banks are The Bank of New York Mellon, which houses its institutional businesses, including asset servicing, issuer services, treasury services, broker-dealer and advisor services and the bank-advised business of asset management, and BNY Mellon, National Association (BNY Mellon, N.A.), which houses its wealth management business. In May 2014, the Company acquired HedgeMark International, LLC, a provider of hedge fund managed account and risk analytic services."

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