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Nelson Peltz sells his entire stake in Disney weeks after losing boardroom proxy battle for Ike Perlmutter

In early April, Nelson Peltz's Trian lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees.

The exit comes weeks after Peltz's Trian Partners lost a proxy battle at Disney in early April as shareholders reelected the company's full slate of board nominees. In October, CNBC reported he upped his stake in the company to about 30 million shares and had reignited his proxy campaign, taking particular aim at Disney's streaming strategy and a failed succession plan for CEO Bob Iger. In early April, Peltz's Trian lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees.

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