Trian Fund Management LP, the hedge fund run by billionaire investor Nelson Peltz, disclosed Monday a 9.7-percent stake in Domino’s Pizza Inc.
According to a filing with the U.S. Securities and Exchange Commission, Peltz’s Trian Fund holds 6 million shares of Domino’s common stock, a value of $140.2 million as of Monday, when Domino’s shares closed at $23.36.
The investment would make Trian the largest investor in Domino’s, according to Bloomberg. Ann Arbor, Mich.-based Domino’s Pizza is the parent to the 9,379-unit global pizza delivery chain. Bloomberg said the next largest investor is Cedar Rock Capital Ltd., which holds a 9.3-percent stake in Domino’s.
Peltz and his Trian Fund have a long history with the restaurant industry, including the push for change at such companies as Wendy’s — which he eventually merged with Arby’s — as well as McDonald’s and others.
At his most active, he held investments in Krispy Kreme Doughnuts Inc., P.F. Chang’s China Bistro Inc. and The Cheesecake Factory Inc.
A look back at the headlines Peltz has made throughout the years:
Report: Peltz out of the CKE buyout mix (2010)
Peltz swaps restaurant investments (2009)
Peltz's funds: P.F. Chang's in, Starbucks out (2008)
Arby’s parent Triarc to acquire Wendy’s in $2.34B stock swap (2008)
Peltz cleared to buy stake in Cheesecake Factory (2007)
Contact Sarah Lockyer at [email protected].
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