{
  "investorId": "trian",
  "displayName": "Trian Partners",
  "managerName": "Nelson Peltz",
  "title": "Top Investors - Copycat",
  "cik": "0001345471",
  "combinedValueUsd": 4230905202,
  "positionCount": 8,
  "us13fValueUsd": 4230905202,
  "us13fPositionsRaw": 9,
  "us13fPositionsCombined": 8,
  "fx": null,
  "enrichment": {
    "note": "Book values and weights are from the SEC 13F-HR only. Trian / Nelson Peltz is a concentrated US activist equity book (GE Aerospace, Janus Henderson, Solventum, Ferguson, Wendy's, etc.). Included managers on the filing: Nelson Peltz, Peter W. May, Trian Fund Management GP, LLC. No separate Non-US regulator hunt \u2014 positions are US-listed (incl. MICC dual-listed)."
  },
  "methodology": {
    "weights": "All weights in USD. Reported Equity Holdings = Trian Fund Management, L.P. 13F-HR reported values (same-issuer/CUSIP rows aggregated; Wendy's DFND+OTR merged).",
    "nonUsValuation": "No Non-US-only add-ons. Magnum Ice Cream (MICC) is NYSE-listed and already on the 13F.",
    "filerNote": "Filer: Trian Fund Management, L.P. (CIK 0001345471). Brand: Trian Partners (trianpartners.com). Founding partner / CEO: Nelson Peltz.",
    "mixedAsOf": "US 13F as of period end 30 Jun 2026."
  },
  "holdings": [
    {
      "id": "us-369604301",
      "issuer": "GE Aerospace",
      "ticker": "GE",
      "listing": "GE \u00b7 NYSE",
      "ccy": "USD",
      "shares": 4030765,
      "valueUsd": 1506417803,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM NEW",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 1,
      "weightPct": 35.6051
    },
    {
      "id": "us-G4474Y214",
      "issuer": "Janus Henderson Group",
      "ticker": "JHG",
      "listing": "JHG \u00b7 NYSE",
      "ccy": "USD",
      "shares": 25654382,
      "valueUsd": 1334027864,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "ORD SHS Trian has publicly discussed a going-private transaction for Janus Henderson with General Catalyst; still reported on this 13F as of period end.",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 2,
      "weightPct": 31.5306
    },
    {
      "id": "us-83444M101",
      "issuer": "Solventum Corporation",
      "ticker": "SOLV",
      "listing": "SOLV \u00b7 NYSE",
      "ccy": "USD",
      "shares": 8236753,
      "valueUsd": 635465494,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM SHS",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 3,
      "weightPct": 15.0196
    },
    {
      "id": "us-G3421J106",
      "issuer": "Ferguson plc",
      "ticker": "FERG",
      "listing": "FERG \u00b7 NYSE",
      "ccy": "USD",
      "shares": 1086357,
      "valueUsd": 257825107,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "SHS NYSE:FERG (Ferguson Enterprises / Ferguson plc).",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 4,
      "weightPct": 6.0939
    },
    {
      "id": "us-95058W100",
      "issuer": "The Wendy's Company",
      "ticker": "WEN",
      "listing": "WEN \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 30468434,
      "valueUsd": 252583318,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM Combined 2 13F rows (same CUSIP; discretion DFND, OTR). Counted together once.",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 5,
      "weightPct": 5.97
    },
    {
      "id": "us-36266G107",
      "issuer": "GE HealthCare Technologies",
      "ticker": "GEHC",
      "listing": "GEHC \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 3085344,
      "valueUsd": 197492869,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 6,
      "weightPct": 4.6679
    },
    {
      "id": "us-G491BT108",
      "issuer": "Invesco Ltd.",
      "ticker": "IVZ",
      "listing": "IVZ \u00b7 NYSE",
      "ccy": "USD",
      "shares": 1625472,
      "valueUsd": 42896206,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "SHS",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 7,
      "weightPct": 1.0139
    },
    {
      "id": "us-N5505D105",
      "issuer": "The Magnum Ice Cream Company N.V.",
      "ticker": "MICC",
      "listing": "MICC \u00b7 NYSE",
      "ccy": "USD",
      "shares": 241042,
      "valueUsd": 4196541,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Trian Fund Management, L.P.)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "ORD SHS NYSE:MICC (also Euronext Amsterdam / LSE). Unilever ice-cream demerger; US-listed ordinary shares on 13F.",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/"
        }
      ],
      "rank": 8,
      "weightPct": 0.0992
    }
  ],
  "updatedAt": "2026-10-15",
  "reportPeriodEnd": "2026-06-30",
  "filingDate": "2026-08-12",
  "accession": "0001345471-26-000035",
  "archiveBase": "https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035",
  "legalName": "TRIAN FUND MANAGEMENT, L.P.",
  "form": "13F-HR"
}