Is piggybacking Peltz into GE a good strategy?

Nelson Peltz at Delivering Alpha 2015 in New York on July 15, 2015.
David A. Grogan | CNBC

Trian, the $13 billion activist hedge fund managed by Nelson Peltz, revealed that it bought approximately $2.5 billion worth of General Electric shares on Monday.

As this is the largest investment ever for Trian, investors may wonder if piggybacking Peltz's investments is a worthwhile strategy.

CNBC Pro ran the numbers and used a data service tool used by hedge funds to figure out how investors would have done by copying Trian's announced positions.

Here is what we found…


Nelson Peltz's positions over the last three years have out-performed the market by 3.4 percent annually according to Symmetric IO, a hedge fund tracking firm.

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And that's after a bit of a stumble this year. Here are the year-to-date returns of his major positions, which he owned going into 2014.

Over the last 12 months Trian's positions have underperformed the market by 1 percent, according to Symmetric IO.

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He did buy a stake in Sysco this year. If you purchased Sysco at the price following CNBC's Scott Wapner's mid-day report of the stake on Aug. 14, you are basically break-even through Friday.

Although it is a difficult year for activist hedge funds, over the long-term investors that followed in the footsteps of Trian have done well after companies implement his general strategy of cost cutting, buybacks and unit sales.

GE shares jumped 4 percent in Monday morning trading on the New York Stock Exchange.