13F-HR 1 tfmlpmarch.txt TRIAN FUND MANAGEMENT, L.P., JUNE 30, 2011 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington,D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2011 ------------------------ Check here if Amendment [ ]; Amendment Number: ------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Trian Fund Management, L.P. -------------------------------------------------- Address: 280 Park Avenue, 41st Floor -------------------------------------------------- New York, NY 10017 -------------------------------------------------- -------------------------------------------------- Form 13F File Number: 028-12039 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Peter W. May -------------------------------------------------- Title: Member of its General Partner -------------------------------------------------- Phone: 212-451-3000 -------------------------------------------------- Signature, Place, and Date of Signing: /s/PETER W. MAY New York, New York 8/15/11 ------------------------ ------------------------------ -------- [Signature] [City, State] [Date] Commencing with the Form 13F filed for the quarter ended March 31, 2011, certain of the "Other Included Managers" listed below are named on this Form but no longer hold investment discretion over any shares listed in the Information Table. This is due to the requirement that a manager continue to file Form 13F for the first three calendar quarters of the year following the year in which it held investment discretion over the requisite amount of "Section 13(f) securities." Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 11 ------------- Form 13F Information Table Entry Total: 21 ------------- Form 13F Information Table Value Total: $2,784,659 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name --- -------------------- ------ 01 28-11639 Nelson Peltz 02 28-11640 Peter W. May 03 28-11641 Edward P. Garden 04 28-12038 Trian Partners Parallel Fund I General Partner, LLC 05 28-14024 Trian Partners Strategic Investment Fund General Partner, LLC 06 28-14023 Trian Partners Strategic Investment Fund GP, L.P. 07 28-11992 Trian Partners General Partner, LLC 08 28-11993 Trian Partners GP, L.P. 09 28-12040 Trian Fund Management GP, LLC 10 28-13614 Trian Credit Partners General Partner, LLC 11 28-13613 Trian Credit Partners GP, L.P. FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------- VALUE SHARES/OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY ---------------- NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- Wendys Arbys Group Inc. COM 950587105 388,479 76,623,145 SH Defined 1,2,3,9 76,623,145 Heinz HJ Co. COM 423074103 109,082 2,047,334 SH Defined 1,2,3,9 2,047,334 Tiffany & Co. NEW COM 886547108 398,967 5,081,091 SH Defined 1,2,3,9 5,081,091 Family Dlr Stores Inc COM 307000109 325,355 6,190,159 SH Defined 1,2,3,9 6,190,159 Kraft Foods Inc. CL A 50075N104 609,872 17,311,152 SH Defined 1,2,3,9 17,311,152 Legg Mason Inc. COM 524901105 368,791 11,257,370 SH Defined 1,2,3,9 11,257,370 State Str Corp COM 857477103 277,004 6,143,366 SH Defined 1,2,3,9 6,143,366 Peets Coffee & Tea Inc. COM 705560100 17,310 300,000 SH Defined 1,2,3,9 300,000 Corelogic Inc. COM 21871D103 22,497 1,346,343 SH Defined 1,2,3,9 1,346,343 Consol Energy Inc. COM 20854P109 33,921 699,700 SH Defined 1,2,3,9 699,700 Dominos Pizza Inc. COM 25754A201 151,440 6,000,000 SH Defined 1,2,3,9 6,000,000 Belo Corp. COM SER A 080555105 2,184 290,000 SH Defined 1,2,3,9 290,000 Las Vegas Sands Corp. COM 517834107 1,688 40,000 SH Defined 1,2,3,9 40,000 Istar Finl Inc COM 45031U101 2,675 329,900 SH Defined 1,2,3,9 329,900 Istar Final Inc COM 45031U101 811 100,000 SH CALL Defined 1,2,3,9 100,000 SPDR S&P 500 ETF TR TR UNIT 78462F103 59,387 450,000 SH PUT Defined 1,2,3,9 450,000 Lin TV Corp. CL A 532774106 2,715 557,462 SH Defined 1,2,3,9 557,462 Time Warner Cable Inc. COM 88732J207 1,639 21,000 SH Defined 1,2,3,9 21,000 LyondellBasell Industries N SHS-A N53745100 6,028 156,500 SH Defined 1,2,3,9 156,500 Charter Communications Inc. D CL A NEW 16117M305 2,828 52,111 SH Defined 1,2,3,9 52,111 SPDR Gold Trust Gold SHS 78463V107 1,986 13,600 SH Defined 1,2,3,9 13,600