Trian Fund Management
Nelson Peltz (CEO) · New York, NY · CIK 1345471 · EDGAR filings ↗
Concentrated operational activism.
Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Share of reported common-equity value; (±pp) vs prior quarter.
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | JHG Janus Henderson Group plc | 38.1% | $1.52B | 31.87M | 0.0% | Held | 7 |
| 2 | GE GE Aerospace | 31.2% | $1.24B | 4.03M | 0.0% | ▲ Add | 7 |
| 3 | SOLV Solventum Corporation | 16.4% | $652.68M | 8.24M | -2.7% | ▼ Trim | 7 |
| 4 | WEN The Wendy's Company | 6.4% | $253.57M | 30.44M | 0.0% | ▲ Add | 7 |
| 5 | GSM Ferroglobe PLC | 6.1% | $241.86M | 1.09M | 0.0% | Held | 7 |
| 6 | IVZ Invesco Ltd. | 2.0% | $78.05M | 2.97M | -79.7% | ▼ Trim | 7 |
| 7 | GEHC GE HealthCare Technologies… | 0.0% | $331,689 | 4.04K | +0.4% | ▲ Add | 7 |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| None this quarter. | ||||||
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| GE GE Aerospace | 4.03M | 4.03M | 0.0% | $1.24B | 31.2% | |
| WEN The Wendy's Company | 30.44M | 30.44M | 0.0% | $253.57M | 6.4% | ●●●○○○ |
| GEHC GE HealthCare… | 4.04K | 4.03K | +0.4% | $331,689 | 0.0% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| SOLV Solventum Corporation | 8.24M | 8.46M | -2.7% | $652.68M | 16.4% | |
| IVZ Invesco Ltd. | 2.97M | 14.63M | -79.7% | $78.05M | 2.0% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| None this quarter. | ||||||
Consecutive quarters each current position has been reported, within our data window.
$4.23B · 9 holdings listed · View original SEC filing ↗
$3.86B · 9 holdings listed · View original SEC filing ↗
$3.98B · 8 holdings listed · View original SEC filing ↗
$4.11B · 8 holdings listed · View original SEC filing ↗
$3.79B · 11 holdings listed · View original SEC filing ↗
$3.74B · 11 holdings listed · View original SEC filing ↗
$3.88B · 11 holdings listed · View original SEC filing ↗
$3.89B · 11 holdings listed · View original SEC filing ↗
$4.10B · 14 holdings listed · View original SEC filing ↗