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Trian Fund Management is the investment firm Nelson Peltz co-founded. The holdings are the firm's, not his personal holdings.
Q1 2026 → Q2 2026
Each finding is computed from the filed numbers shown on this page.
| Security | Status | Share change | Weight |
|---|---|---|---|
| Janus Henderson Group plc | Reduced | −6,213,418 (−19.5%) | 42.4% → 31.5% |
| GEHCGE HealthCare Technologies Inc. | Increased | +3,081,300 (+76194.4%) | 0.0% → 4.7% |
| IVZInvesco Ltd. | Reduced | −1,345,472 (−45.3%) | 1.9% → 1.0% |
| WENWendys Co. | Increased | +22,412 (+0.1%) | 5.5% → 6.0% |
Changes compare filed share counts at two quarter ends. They are not trades made on a particular day, and a filing does not reveal purchase prices.
| Ticker | Status | |||||
|---|---|---|---|---|---|---|
| GE AerospaceCOM NEW · 369604301 | GE | 4,030,765 | $1.51B | 35.61% | — | Unchanged |
| Janus Henderson Group plcORD SHS · G4474Y214 | — | 25,654,382 | $1.33B | 31.53% | −6,213,418 (−19.5%) | Reduced |
| Solventum CorporationCOM SHS · 83444M101 | SOLV | 8,236,753 | $635.47M | 15.02% | — | Unchanged |
| Ferguson Plc NewSHS · G3421J106 | — | 1,086,357 | $257.83M | 6.09% | — | Unchanged |
| Wendys Co.COM · 95058W100 | WEN | 30,468,434 | $252.58M | 5.97% | +22,412 (+0.1%) | Increased |
| GE HealthCare Technologies Inc.COM · 36266G107 | GEHC | 3,085,344 | $197.49M | 4.67% | +3,081,300 (+76194.4%) | Increased |
| Invesco Ltd.SHS · G491BT108 | IVZ | 1,625,472 | $42.9M | 1.01% | −1,345,472 (−45.3%) | Reduced |
| Magnum Ice Cream Co NVORD SHS · N5505D105 | MICC | 241,042 | $4.2M | 0.10% | — | Unchanged |
Sectors come from each issuer’s SEC industry code (SIC), grouped broadly. This is not a commercial index classification.
Concentration
| Concentration | Q2 2026 | Q1 2026 |
|---|---|---|
| Largest position | 35.6% | 42.4% |
| Top 5 weight | 94.2% | 98.0% |
| Top 10 weight | 100.0% | 100.0% |
| Effective positions | 3.9 | 3.4 |
| Options share | 0.0% | 0.0% |
Reported value and positions by period
Only periods stored for this page are shown (5). Older filings are on SEC EDGAR. A change in reported value is not an investment return: most of it can come from price moves.
Largest holdings across periods (shares)
| Security | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|
| GEGE Aerospace | 4,030,21327.4% | 4,030,21329.5% | 4,030,76531.2% | 4,030,76529.6% | 4,030,76535.6% |
| Janus Henderson Group plc | 31,867,80032.6% | 31,867,80034.5% | 31,867,80038.1% | 31,867,80042.4% | 25,654,38231.5% |
| SOLVSolventum Corporation | 8,462,81916.9% | 8,462,81915.0% | 8,236,75316.4% | 8,236,75313.9% | 8,236,75315.0% |
| Ferguson Plc New | 1,086,3576.2% | 1,086,3575.9% | 1,086,3576.1% | 1,086,3576.6% | 1,086,3576.1% |
| WENWendys Co. | 30,434,7949.2% | 30,437,0236.8% | 30,440,3186.4% | 30,446,0225.5% | 30,468,4346.0% |
| GEHCGE HealthCare Technologies Inc. | 4,0290.0% | 4,0290.0% | 4,0440.0% | 4,0440.0% | 3,085,3444.7% |
| IVZInvesco Ltd. | 14,628,4556.1% | 14,628,4558.2% | 2,970,9442.0% | 2,970,9441.9% | 1,625,4721.0% |
| MICCMagnum Ice Cream Co NV | not held | not held | not held | 241,0420.1% | 241,0420.1% |
Filings used