Activist investor stands pat with Tribune shares

Nelson Peltz, the billionaire New York investor who bought a 1.2% ownership stake in Tribune Co. between April and June, did not add to or decrease his holdings in the three months that ended Sept. 30, according to a filing with the Securities and Exchange Commission.

Trian Fund Management, Peltz’s hedge fund, stood pat with about 2.83 million Tribune shares, according to the filing.

Peltz, an activist investor who has pushed for changes at H.J. Heinz Co. and Wendy’s International Inc., has kept quiet about his intentions with Tribune, the media conglomerate that owns the Los Angeles Times, the Chicago Tribune, the Chicago Cubs, KTLA-TV Channel 5 and other newspapers and TV stations around the country.

Peltz declined to comment.