Nelson Peltz has revealed that his hedge-fund group has sold off a $132 million interest in Kraft Foods Inc., which it had acquired previously this year.

On Friday, according to filings with the U. S. Securities and Exchange Commission, June, Trian Fund Management LP's investment funds did not have any shares of Kraft as on 30th June. It is reported that it had 4.47 million shares on March 31.

By 2008 end, the New York-based hedge-fund group had as much as 34.6 million shares of Kraft. After Nestle SA, Kraft is the second-biggest food manufacturer.

Previously, the New York Times and MarketWatch. com had accounted that Trian had vended its stake in Kraft. Also, Trian Partners General Partner LLC, Peltz's biggest fund revealed that in the second quarter, it had purchased 1.62 million shares of Boston-based State Street Corp.

In November 2007, Kraft had declared that two members, who would be supported by Peltz, would be added to the Board.

In February, Kraft took over Uxbridge, England-based Cadbury Plc. for almost 13.6 billion Pounds ($21.3 billion) in cash and stock. This acquisition converted the manufacturer of Velveeta cheese into the globe's largest confectioner.

A Spokeswoman for Peltz, Anne Tarbell refused to say anything.