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Nelson Peltz’s Trian Makes Two New Bets

The hedge fund manager takes stakes in former Kraft Foods business and PepsiCo.

Nelson Peltz’s Trian Fund Management has taken big, new positions in two snack food companies, Mondelez International and PepsiCo, making them the firm’s two largest holdings in its $4.68 billion portfolio. Trian, known for taking concentrated positions in consumer-oriented companies, has disclosed it owns 40.3 million shares worth $1.2 billion in Mondelez in

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