Nelson Peltz is bullish on the market long term because of a vaccine. Here are his biggest bets

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

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Billionaire hedge fund manager and activist investor Nelson Peltz cut his exposure to a number of stocks during a volatile first quarter for markets, according to a securities filing released Friday.