Weeks after losing a proxy battle, Nelson Peltz sells his entire Disney stake.

• According to a source, Nelson Peltz has disposed of his entire Disney stake.
• In April, Disney shareholders reelected the company's full slate of board nominees, defeating Trian's Peltz in a proxy battle.

A source close to CNBC reports that Nelson Peltz has disposed of his entire holding in .

The person said that Peltz sold all of his Disney stock at close to $120 dollars a share, making about $1 billion on the position. Currently, the stock trades for about $100 per share.

Weeks after Peltz's Trian Partners lost a proxy battle at Disney in early April, shareholders reelected the company's full slate of board nominees, despite Peltz's efforts to elect himself and former Disney Chief Financial Officer Jay Rasulo to the board.

Peltz has long been critical of Disney's management, and in October, he increased his stake in the company to around 30 million shares and renewed his proxy campaign, focusing on Disney's streaming strategy and the unsuccessful succession plan for CEO Bob Iger.

Trian stated that the company's refocus on value creation and good governance has had a significant impact, following the April shareholder vote.

The S&P 500 has been slightly outperformed by Disney's shares, which have risen approximately 11% this year.

Disney didn't immediately return request for comment.

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