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 | GE GE Aerospace | 35.6% | $1.51B | 4.03M | 0.0% | Held | 9+ |
| 2 | JHG Janus Henderson Group plc | 31.5% | $1.33B | 25.65M | -19.5% | ▼ Trim | 9+ |
| 3 | SOLV Solventum Corporation | 15.0% | $635.47M | 8.24M | 0.0% | Held | 9+ |
| 4 | GSM Ferroglobe PLC | 6.1% | $257.83M | 1.09M | 0.0% | Held | 9+ |
| 5 | WEN The Wendy's Company | 6.0% | $252.58M | 30.47M | +0.1% | ▲ Add | 9+ |
| 6 | GEHC GE HealthCare Technologies… | 4.7% | $197.49M | 3.09M | +76194.4% | ▲ Add | 9+ |
| 7 | IVZ Invesco Ltd. | 1.0% | $42.90M | 1.63M | -45.3% | ▼ Trim | 9+ |
| 8 | MICC The Magnum Ice Cream… | 0.1% | $4.20M | 241.04K | 0.0% | Held | 2 |
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 |
|---|---|---|---|---|---|---|
| WEN The Wendy's Company | 30.47M | 30.45M | +0.1% | $252.58M | 6.0% | ●●●●●○ |
| GEHC GE HealthCare… | 3.09M | 4.04K | +76194.4% | $197.49M | 4.7% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| JHG Janus Henderson Group… | 25.65M | 31.87M | -19.5% | $1.33B | 31.5% | |
| IVZ Invesco Ltd. | 1.63M | 2.97M | -45.3% | $42.90M | 1.0% |
| 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 ↗