TRIAN FUND MANAGEMENT, L.P.

CIK 1345471 · View on SEC EDGAR ↗

Portfolio value
$4.1B
#925 of 9,443 by 13F value · top 9.8%
Positions
8
As of
June 30, 2026

Portfolio value QoQ: +9.3% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
7
Effective number of positions
3.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.02% Est. buys $197,234,013 · sells $358,604,742

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 72.7% still held

New positions
0
Increased
1
Decreased
2
Closed
2
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Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+43.2%
S&P 500 total return (same window)
+28.1%
Excess return
+15.2%

Annualized: +27.2% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 92.6% · Options excluded: 0.0%

Sector breakdown

Industrials
36.7%
Financial Services
33.6%
Health Care
20.3%
Consumer Discretionary
3.0%
Consumer Staples
0.1%
Other/Unmapped
6.3%

Full portfolio 8 positions

Type Streak 8Q trend
GE GE Aerospace Common Stock $1,506,417,803 36.72% 4,030,765 $362,607,619
JHG Janus Henderson Group plc Ordinary Shares $1,334,027,864 32.52% 25,654,382 $-303,021,022 Down ×1
SOLV Solventum Corporation Common Stock $635,465,494 15.49% 8,236,753 $97,605,523
FERGXXXX $257,825,107 6.29% 1,086,357 $4,421,473
GEHC GE HealthCare Technologies Inc. - Common Stock $197,492,869 4.81% 3,085,344 $197,205,017 Up ×1
WEN Wendy's Company (The) - Common Stock $123,881,333 3.02% 14,943,466 $20,024,244
IVZ Invesco Ltd Common Stock $42,896,206 1.05% 1,625,472 $-29,268,024 Down ×1
MICC The Magnum Ice Cream Company N.V. Ordinary Shares $4,196,541 0.10% 241,042 $592,963

Top movers (QoQ)

Security Action Shares Δ Value Δ
GE Price move only +0 +$362.6M
JHG Trimmed -6.2M -$303.0M
SOLV Price move only +0 +$97.6M
IVZ Trimmed -1.3M -$29.3M
WEN Price move only +0 +$20.0M
FERGXXXX Price move only +0 +$4.4M
MICC Price move only +0 +$593K

1 position hidden (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
UHAL Sept. 30, 2025 353,335 $21,397,968 26.4%
UHALB Sept. 30, 2025 338,031 $18,378,745 No longer tracked