Trian Partners
Manager: Nelson Peltz
TRIAN FUND MANAGEMENT, L.P. · CIK 0001345471 · Form 13F-HR · Accession 0001345471-26-000035
Reported Equity Holdings (USD)
$4.2bn
8 positions · mainly 13F (+ Non-US where noted)
Shown (≥1%)
7
13F combined (9 → 8) · 1 under 1% hidden
Largest weights: GE Aerospace 35.6%, Janus Henderson Group 31.5%, Solventum Corporation 15.0%. Sorted by USD value.
Reported Equity Holdings USD
1 name under 1% hidden (still included in Reported Equity Holdings). Weights vs full book — visible weights may sum to under 100%.
| # | Issuer | Ticker / listing | CCY | Value (USD) | Weight | Source | As of | Notes |
|---|---|---|---|---|---|---|---|---|
| 1 | GE Aerospace |
GE · NYSE | USD | $1,506.4m | 35.6% | 13F | 13F — 30 Jun 2026 | COM NEW |
| 2 | Janus Henderson Group |
JHG · NYSE | USD | $1,334.0m | 31.5% | 13F | 13F — 30 Jun 2026 | 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. |
| 3 | Solventum Corporation |
SOLV · NYSE | USD | $635.5m | 15.0% | 13F | 13F — 30 Jun 2026 | COM SHS |
| 4 | Ferguson plc |
FERG · NYSE | USD | $257.8m | 6.1% | 13F | 13F — 30 Jun 2026 | SHS NYSE:FERG (Ferguson Enterprises / Ferguson plc). |
| 5 | The Wendy's Company |
WEN · Nasdaq | USD | $252.6m | 6.0% | 13F | 13F — 30 Jun 2026 | COM Combined 2 13F rows (same CUSIP; discretion DFND, OTR). Counted together once. |
| 6 | GE HealthCare Technologies |
GEHC · Nasdaq | USD | $197.5m | 4.7% | 13F | 13F — 30 Jun 2026 | COM |
| 7 | Invesco Ltd. |
IVZ · NYSE | USD | $42.9m | 1.0% | 13F | 13F — 30 Jun 2026 | SHS |
Methodology
- One book: 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).
- US 13F: Trian Fund Management, L.P. (CIK 0001345471) Form 13F-HR — Trian Partners / Nelson Peltz. Period end 30 Jun 2026, filed 12 Aug 2026. Included managers: Nelson Peltz, Peter W. May, Trian Fund Management GP, LLC. Schema X0202 whole USD ($4.2bn).
- Enrichment: Book values and weights are from the SEC 13F-HR only. Trian / Nelson Peltz is a concentrated US activist equity book (GE Aerospace, Janus Henderson, Solventum, Ferguson, Wendy's, etc.). Included managers on the filing: Nelson Peltz, Peter W. May, Trian Fund Management GP, LLC. No separate Non-US regulator hunt — positions are US-listed (incl. MICC dual-listed).
- Non-US: No Non-US-only add-ons. Magnum Ice Cream (MICC) is NYSE-listed and already on the 13F.
- Filer note: Filer: Trian Fund Management, L.P. (CIK 0001345471). Brand: Trian Partners (trianpartners.com). Founding partner / CEO: Nelson Peltz.
- Mixed as-of: US 13F as of period end 30 Jun 2026.
- Reported AUM: Firm / strategy AUM from the manager's site or Form ADV where cited on this page — separate from Reported Equity Holdings.
- Shares / Discretion / Vote columns omitted. Value shown as USD market value ($m, 1 decimal, e.g. $17,700.0m). Weight to 1 decimal.
- Table shows positions with weight ≥ 1.0% only; names under 1% are hidden but still included in Reported Equity Holdings (USD) and the weight denominator.
- Raw data: EDGAR 13F · portfolio_combined.json · holdings.json