06:45 AM EST, 11/14/2024 (MT Newswires) -- Trian Fund Management sold its final 2.6 million shares of Walt Disney ( DIS ) in Q3, a regulatory filing submitted Wednesday showed.

Nelson Peltz, the hedge fund's chief executive, lost a battle for the company's leadership earlier this year. In an interview at a CNBC conference cited by news outlets, he said he would buy Disney ( DIS ) shares again if the price fell back toward $80. The stock is currently trading at around $104.