Trian Fund Management

Managed by Nelson Peltz

Portfolio value: $4.23B
Holdings: 8
Top 5 weight: 94.22%
Latest filing: Q2 '26 Jun 30

Portfolio

Reported 13F holdings, largest positions first

8holdings

GE 35.6%JHG 31.53%SOLV 15.02%FERG 6.09%WEN 5.97%Other 5.78%

Company% PortfolioSharesValue

GEGE AEROSPACE35.6%4,031,000$1.51B

JHGJHG31.53%25,654,000$1.33B

SOLVSOLVENTUM CORP15.02%8,237,000$635.50M FERGFERGUSON ENTERPRISES INC6.09%1,086,000$257.80M WENWENDY'S CO5.97%30,468,000$252.60M GEHCGE HEALTHCARE TECHNOLOGIES INC4.67%3,085,000$197.50M IVZINVESCO LTD1.01%1,625,000$42.90M MICCMAGNUM ICE CREAM CO NV0.1%241,000$4.20M

From the fund's Q2 '26 13F filingWhat is a 13F?

Activity

Buys and sells, quarter by quarter

Jun 30, 2026 filing - 4 moves · 2 buy-side · 2 sell-side

CompanyChangeValue

JHGJHG19%$1.33B

WENWENDY'S CO0%$252.60M GEHCGE HEALTHCARE TECHNOLOGIES INC77,025%$197.50M IVZINVESCO LTD45%$42.90M

Changes are share-count changes vs. the prior quarter

About this investor

Trian Fund Management is Nelson Peltz's activist firm, which takes meaningful stakes in large, established companies and works with boards to improve operations and capital allocation. Trian favors a constructive, operationally focused style over hostile tactics, often in consumer and industrial names. The aim is long-term margin and earnings improvement rather than quick trades.

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