Trian Fund Management 13F Holdings

Nelson Peltz · Quarter ended 2026-03-31 · Reported value $3.86B

As of the quarter ended 2026-03-31, Trian Fund Management reported 8 US-listed positions worth $3.86B. The largest is Janus Henderson Group plc at 42.4% of the reported portfolio, and the top five holdings make up 98% of it, a concentrated book where single-name risk dominates.

New positions

None detected

Added to

Wendys Co.

Reduced

None detected

Holdings

#	Issuer	Value	% of Portfolio	Shares	QoQ Shares
1	Janus Henderson Group plc	$1.64B	42.4%	31.87M	0
2	GE Aerospace	$1.14B	29.6%	4.03M	0
3	Solventum Corporation	$537.9M	13.9%	8.24M	0
4	Ferguson Plc New	$253.4M	6.6%	1.09M	0
5	Wendys Co.	$211.6M	5.5%	30.45M	+5.7K
6	Invesco Ltd.	$72.2M	1.9%	2.97M	0
7	Magnum Ice Cream Co NV	$3.6M	0.1%	241.0K	-
8	GE HealthCare Technologies Inc.	$287852	0.0%	4.0K	0

13F filings arrive up to 45 days after quarter end and cover US-listed long positions only. Positions may have changed since. This is observation data, not a recommendation.

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Understanding

Reading Trian Fund Management's 13F

Managers running over $100M in US equities must disclose their long positions to the SEC within 45 days of each quarter end. This page parses Trian Fund Management's actual filing, the same document Bloomberg terminals and paid trackers repackage.

Read the QoQ column before the position list. A fund's largest holding is usually old news priced in years ago; what moved this quarter (new stakes, exits, big adds and trims) is where the information lives. New positions equal fresh conviction at recent prices.

Mind the blind spots: 13Fs exclude shorts, bonds, options hedges, and non-US listings, and arrive six-plus weeks stale. A fund that looks all-in long here may be market neutral in reality. Use this as a record of what they bought, never as proof of what they believe today.

Frequently Asked Questions

How current is Trian Fund Management's portfolio here?

It reflects the latest 13F-HR filing, which funds submit up to 45 days after each quarter ends. Positions may have changed since.

Why do share counts change quarter to quarter?

The QoQ column shows shares bought or sold versus the prior quarter's filing. A position equal to its change is brand new.

Does this show short positions?

No. 13F filings only disclose US-listed long positions. Shorts, bonds, and non-US holdings are not reported.

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.