TRIAN FUND MANAGEMENT, L.P. stakes above 5%

Companies in which it has reported holding more than 5% of the shares, from its Schedule 13D and 13G filings. All large-holder filings on sec.gov

This list is built from 10 structured filings (May 2, 2025 to Jun 30, 2026). Structured (XML) filing became mandatory in December 2024, and 147 older filings are plain documents that are not read here. A stake whose latest report is one of those does not appear, so this can be an incomplete list.

Stakes above 5%

by the latest report on each company

Schedule 13D stakes

may want to influence the company

Reported 5% or less

latest report says so

Reports read

filed May 2, 2025 to Jun 30, 2026

Stakes above 5%

The latest report on each company. The change compares it with the report before it on the same company, when that one was read.

Company	Report	Share of class	Shares	Since its previous report	Filed
The Wendy's CompanyCommon Stock	Schedule 13D/A 64	16.24%	30,913,106	+0.15 ptsfrom 16.09%	Feb 18, 2026event Feb 18, 2026

Reported 5% or less (2)

On these companies the latest report says the stake is 5% or less. That can mean it sold, and it can also mean the shares moved to a related entity, so it is not shown as a sale.

Company	Report	What it says	Its previous report	Filed
JANUS HENDERSON GROUP PLCOrdinary Shares	Schedule 13D/A 19	Reports it no longer holds more than 5%	16.65% on 2026-06-18	Jun 30, 2026
INVESCO LTDCommon Stock par value $0.20 per share	Schedule 13D/A 11	Reports 4.62%	not read	May 22, 2025

About Schedules 13D and 13G. Anyone who holds more than 5% of a listed company's shares must report it. A Schedule 13G is passive; a Schedule 13D is filed by a holder that may want to influence the company. A stake is reported only while it is above 5%, and the filings can lag the real holdings. This is a partial, delayed view of one filer, not a recommendation to buy or sell anything.