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 | 42.4% | $1.64B | 31.87M | 0.0% | Held | 8 |
| 2 | GE GE Aerospace | 29.6% | $1.14B | 4.03M | 0.0% | Held | 8 |
| 3 | SOLV Solventum Corporation | 13.9% | $537.86M | 8.24M | 0.0% | Held | 8 |
| 4 | GSM Ferroglobe PLC | 6.6% | $253.40M | 1.09M | 0.0% | Held | 8 |
| 5 | WEN The Wendy's Company | 5.5% | $211.60M | 30.45M | 0.0% | ▲ Add | 8 |
| 6 | IVZ Invesco Ltd. | 1.9% | $72.16M | 2.97M | 0.0% | Held | 8 |
| 7 | MICC The Magnum Ice Cream… | 0.1% | $3.60M | 241.04K | New | New | 1 |
| 8 | GEHC GE HealthCare Technologies… | 0.0% | $287,852 | 4.04K | 0.0% | Held | 8 |
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 |
|---|---|---|---|---|---|---|
| MICC The Magnum Ice Cream… | 241.04K | n/a | New | $3.60M | 0.1% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| WEN The Wendy's Company | 30.45M | 30.44M | 0.0% | $211.60M | 5.5% | ●●●●○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| None this quarter. | ||||||
| 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 ↗