Watch Nelson Peltz discuss GE, Trump's trade policies and socially responsible investing

Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.
Adam Jeffery | CNBC

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Legendary activist investor Nelson Peltz praised the leadership of companies in which he owns stakes and said President Donald Trump's approach to trade is correct.

Peltz, the CEO of Trian Partners, appeared on CNBC's "Closing Bell" on Thursday after some of his major holdings reported quarterly results earlier in the week. One of those companies, GE, saw its stock jumped more than 10% in the session following its report.

Peltz credited the company's CEO for its strong performance, saying, "Larry Culp is a star."

Watch the full interview below.