Nelson Peltz: 'Very Excited' About Pentair, Will Hate 'To See DuPont Next Year At This Price'

Renowned activist investor and founder of hedge fund Trian Partners, Nelson Peltz, spoke at CNBC's 2015 Delivering Alpha conference on Wednesday. At the conference, Peltz discussed his new positions including Pentair plc. Ordinary Share PNR and also opined on losing the proxy fight against the Board of E I Du Pont De Nemours And Co DD. Here is what he said.

New Positions

Peltz revealed that he has two new positions that accounts for one-third of Trian Partners' current equity portfolio.

He was asked to reveal at least the sectors of the companies in which the fund has initiated new positions. He replied, "We had two industrials, one has been announced which is which we are very excited about. The other one we have not categorized yet, we are going to leave it that way."

DuPont

On losing the proxy fight against DuPont's Board, Peltz said, "It's been a significant loss for the shareholders. Stock has gone from $80…March 12…and the stock was $59 yesterday and you can add $2 to that for Chemours. But, it's been a loss for all shareholders and we had 46 percent of the vote and the index funds voted against us."

"But we haven't sold our shares, that's not our style. And we are going to wait and watch and see what the management and the Board will do from here forward. And Ellen Kullman (DuPont CEO) was in my office last week and I said to her, 'the second least favorite thing that I'd like to do is have another proxy fight, but the first least favorite thing I'd like to do is to see DuPont next year at this price," Peltz concluded