TRIAN FUND MANAGEMENT, L.P. 13F
Reported portfolio value
$4.23B
+9.6% vs Mar 31, 2026 (market moves plus trading)
Positions
8
0 new, 0 exited since the last report
Ten largest positions
100.0%
of the reported portfolio
Largest holdings
Calculated from the filing. The last column compares the number of shares held with the previous report, so a stock simply rising in price is not shown as buying.
| Company | Value | Share of portfolio | Shares | Since last report |
|---|---|---|---|---|
| GE Aerospace (COM NEW) | $1.51B | 35.6% | 4,030,765 | No change |
| Janus Henderson Group plc (ORD SHS) | $1.33B | 31.5% | 25,654,382 | -19.5% shares |
| Solventum Corporation (COM SHS) | $635.5M | 15.0% | 8,236,753 | No change |
| Ferguson Plc New (SHS) | $257.8M | 6.1% | 1,086,357 | No change |
| Wendys Co. (COM) | $252.6M | 6.0% | 30,468,434 | +0.1% shares |
| GE HealthCare Technologies Inc. (COM) | $197.5M | 4.7% | 3,085,344 | +76194.4% shares |
| Invesco Ltd. (SHS) | $42.9M | 1.0% | 1,625,472 | -45.3% shares |
| Magnum Ice Cream Co NV (ORD SHS) | $4.2M | 0.1% | 241,042 | No change |
What changed since Mar 31, 2026
Dollars are estimates: shares bought or sold, priced at the current report's price per share. Each list shows the ten largest.
New positions 0
None.
Exited positions 0
None.
Increased stakes 2
| Company | Shares | About |
|---|---|---|
| GE HealthCare Technologies Inc. (COM) | 4,044 to 3,085,344 (+76194.4%) | $197.2M |
| Wendys Co. (COM) | 30,446,022 to 30,468,434 (+0.1%) | $185.8K |
Reduced stakes 2
| Company | Shares | About |
|---|---|---|
| Janus Henderson Group plc (ORD SHS) | 31,867,800 to 25,654,382 (-19.5%) | $323.1M |
| Invesco Ltd. (SHS) | 2,970,944 to 1,625,472 (-45.3%) | $35.5M |
4 positions have the same number of shares as before.
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Reading the filing from sec.gov...
This filer also reports stakes of more than 5% in single companies: see its Schedule 13D and 13G stakes.