Follow The Filings

Trian Fund Management, L.P. Nelson Peltz

New York, NY 23 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $4.2B
  • 8 holdings
  • 2026 Q2
  • +9.6% QoQ
  • Top 5 94.2%

Portfolio

2026 Q2, filed 8/12/2026, 8 holdings

Top 5 94.2%, top 10 100.0%

  1. GE, GE Aerospace 35.6%
  2. JHG, Janus Henderson Group 31.5%
  3. SOLV, Solventum 15.0%
  4. FERG, Ferguson 6.1%
  5. WEN, Wendys 6.0%
  6. GEHC, GE HealthCare 4.7%
  7. IVZ, Invesco 1.0%
  8. MICC, Magnum Ice Cream 0.1%

AUM over time

2026 Q2 $4.2B +9.6% QoQ
2021 Q3: $8B 2021 Q3: $8B
Q3 2021
2021 Q4: $7.5B, −7.3% QoQ 2021 Q4: $7.5B, −7.3% QoQ
Q4
2022 Q1: $6B, −19.9% QoQ 2022 Q1: $6B, −19.9% QoQ
Q1 2022
2022 Q2: $4.5B, −23.8% QoQ 2022 Q2: $4.5B, −23.8% QoQ
Q2
2022 Q3: $3.8B, −16.5% QoQ 2022 Q3: $3.8B, −16.5% QoQ
Q3
2022 Q4: $3.9B, +1.9% QoQ 2022 Q4: $3.9B, +1.9% QoQ
Q4
2023 Q1: $3.8B, −3.1% QoQ 2023 Q1: $3.8B, −3.1% QoQ
Q1 2023
2023 Q2: $3.9B, +3.4% QoQ 2023 Q2: $3.9B, +3.4% QoQ
Q2
2023 Q3: $6.6B, +69.4% QoQ 2023 Q3: $6.6B, +69.4% QoQ
Q3
2023 Q4: $7B, +6.6% QoQ 2023 Q4: $7B, +6.6% QoQ
Q4
2024 Q1: $8B, +14.5% QoQ 2024 Q1: $8B, +14.5% QoQ
Q1 2024
2024 Q2: $4.1B, −48.9% QoQ 2024 Q2: $4.1B, −48.9% QoQ
Q2
2024 Q3: $3.9B, −5.1% QoQ 2024 Q3: $3.9B, −5.1% QoQ
Q3
2024 Q4: $3.9B, −0.3% QoQ 2024 Q4: $3.9B, −0.3% QoQ
Q4
2025 Q1: $3.7B, −3.7% QoQ 2025 Q1: $3.7B, −3.7% QoQ
Q1 2025
2025 Q2: $3.8B, +1.5% QoQ 2025 Q2: $3.8B, +1.5% QoQ
Q2
2025 Q3: $4.1B, +8.3% QoQ 2025 Q3: $4.1B, +8.3% QoQ
Q3
2025 Q4: $4B, −3.0% QoQ 2025 Q4: $4B, −3.0% QoQ
Q4
2026 Q1: $3.9B, −3.1% QoQ 2026 Q1: $3.9B, −3.1% QoQ
Q1 2026
2026 Q2: $4.2B, +9.6% QoQ 2026 Q2: $4.2B, +9.6% QoQ
Q2

Book

2024 Q3 2024 Q2, filed 13 Nov, long equity only

Download CSV Download Excel All activity
JHG, Janus Henderson Group 31.18% Hold 31,867,800 $38.07 $1.2B — —
GE, GE Aerospace 19.53% Hold 4,030,213 $188.58 $760M — —
WEN, Wendys 13.74% Reduce −3.2% 30,512,595 $17.52 $535M −995,273 +$207K
SOLV, Solventum 12.77%, was 6.91% Add +32.9% 7,126,255 $69.72 $497M +1,765,676 +$213M
IVZ, Invesco 10.46% Reduce −14.9% 23,173,442 $17.56 $407M −4,050,292 −$341K
FERG, Ferguson 6.49%, was 9.23% Reduce −35.0% 1,270,810 $198.57 $252M −683,053 −$126M
ALL, Allstate 2.99%, was 7.84% Reduce −69.5% 613,447 $189.65 $116M −1,400,061 −$205M
UHAL.B, U-Haul Holding Company - 1.94%, was 1.33% Add +15.4% 1,049,055 $72.00 $76M +139,755 +$21M
UHAL, U-Haul 0.90%, was 0.59% Add +15.4% 449,595 $77.48 $35M +59,895 +$11M
GEHC, GE HealthCare 0.01%, was 2.55% Reduce −99.7% 4,029 $93.85 $378K −1,338,804 −$104M

Exits / last held

Gone since 2024 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
DIS, Disney 6.41% Exit 0 $99.29 $263M −2,645,583 −$263M
Rentokil Initial 0.34% Exit 0 $29.65 $14M −470,000 −$14M

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2024 Q2. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 8 $4.2B +9.6% 13F-HR 8/12/2026 000134547126000035
2026 Q1 8 $3.9B −3.1% 13F-HR 5/15/2026 000134547126000026
2025 Q4 7 $4B −3.0% 13F-HR 2/17/2026 000134547126000015
2025 Q3 7 $4.1B +8.3% 13F-HR 11/14/2025 000134547125000051
2025 Q2 10 $3.8B +1.5% 13F-HR 8/14/2025 000134547125000028
2025 Q1 10 $3.7B −3.7% 13F-HR 5/15/2025 000134547125000018
2024 Q4 10 $3.9B −0.3% 13F-HR 2/14/2025 000134547125000009
2024 Q3 10 $3.9B −5.1% 13F-HR 11/13/2024 000134547124000040
2024 Q2 12 $4.1B −48.9% 13F-HR 8/14/2024 000134547124000032
2024 Q1 9 $8B +14.5% 13F-HR 5/15/2024 000134547124000018
2023 Q4 9 $7B +6.6% 13F-HR 2/14/2024 000134547124000011
2023 Q3 9 $6.6B +69.4% 13F-HR 11/14/2023 000134547123000146
2023 Q2 8 $3.9B — RESTATEMENT 8/15/2023 000134547123000123
2023 Q2 8 $3.9B +3.4% 13F-HR 8/14/2023 000134547123000121
2023 Q1 8 $3.8B −3.1% 13F-HR 5/15/2023 000134547123000084
2022 Q4 8 $4.9B — RESTATEMENT 2/15/2023 000134547123000057
2022 Q4 8 $4.9B — RESTATEMENT 2/15/2023 000134547123000051
2022 Q4 8 $3.9B +1.9% 13F-HR 2/14/2023 000134547123000042
2022 Q3 8 $3.8B −16.5% 13F-HR 11/14/2022 000134547122000089
2022 Q2 8 $4.5B −23.8% 13F-HR 8/12/2022 000134547122000075
2022 Q1 8 $6B −19.9% 13F-HR 5/13/2022 000134547122000057
2021 Q4 9 $7.5B −7.3% 13F-HR 2/11/2022 000134547122000026
2021 Q3 9 $8B — 13F-HR 11/12/2021 000134547121000059

About

Trian Fund Management, L.P.

23 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Nelson Peltz
SEC filing name
TRIAN FUND MANAGEMENT, L.P.
Location
New York, NY
All SEC filings
View on sec.gov