The billionaire Nelson Peltz use your hedge fund Trian Fund Management to find underperforming companies that still possess significant growth potential. He recently took positions in two new companies, Solventum and U-Haul.
He currently owns 7.1 million shares of the medical products company, or 4.13% of the shares outstanding, and almost 450,000 shares, or 2.29%, of the shares of the company that owns moving trucks. . Holds an additional 1.05 million shares, or 0.59%, of the non-voting Class B shares of U-Haul.
The background Trian Fund Management de Peltz has $3.8 billion in assets under management in a concentrated portfolio of just nine companies. Solventum has become its fourth largest holding, while U-Haul is its eighth largest holding. Let’s see what you find attractive about both.
Solventum
Solventum was best known when it was 3M Health Care before it was spun off last April. However, since its market debut, SOLV stock has not performed well.
The company operates in four segments: medical surgery, dental solutions, health information systems, and purification and filtration.
U-Haul
The truck rental company is the largest consumer truck and trailer rental company in the world, but the market faces some headwinds, particularly due to the demands of electric vehicles. Count on the incoming Trump administration to reverse that situation.
U-Haul’s storage business is also challenged by a promotional environment, but it is holding firm on its pricing.
Why did you choose them?
Although the billionaire investor takes activist positions in companies, seeks to work in collaboration with management to turn the business around. Sometimes bitter power battles break out.
He takes senior positions in companies in an attempt to unlock value for shareholders through improvements in board representation, strategic restructuring and operational efficiencies.
To his credit, he focuses on the growth and profitability long term rather than short term gains.
While he may not always emerge victorious, such as in his proxy battle last year with disney, He has quite a few achievements under his belt.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
