Trian Fund Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Nelson Peltz's Trian Fund Management reported 9 stock positions worth $8.0 billion. Its top holding was Walt Disney (DIS) at 49.3% of the portfolio, followed by Janus Henderson (JHG, 13.1%) and General Electric (GE, 8.8%). Compared with Q4 2023, it reduced 2. The biggest sale was Ferguson Jersey (FERG, shares −40%).
- Most Recent 13F
- Q2 2026
- Notable People
- Nelson Peltz
- Location
- NEW YORK, NY
- CIK
- 0001345471
- Portfolio Value
- $8.0B (Q1 2024)
- SEC Filing
- 0001345471-24-000018 ↗ filed May 15, 2024
Holdings Value
Holdings 9 stocks · $8.0B
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 49.33% | 32,337,856 | $4.0B | No change |
| JHG Janus Henderson Group PLC | 13.07% | 31,867,800 | $1.0B | No change |
| GE General Electric | 8.82% | 4,030,213 | $707.4M | No change |
| WEN The Wendy's Co. | 7.39% | 31,467,150 | $592.8M | No change |
| IVZ Invesco Ltd. | 7.02% | 33,940,096 | $563.1M | No change |
| FERG Ferguson Jersey Ltd. | 6.79% | 2,493,687 | $544.7M | Reduce -40.5% |
| The Allstate Corporation filed as Allstate Corporation | 4.83% | 2,237,269 | $387.1M | Reduce -19.9% |
| GEHC GE Healthcare Technology | 1.52% | 1,342,833 | $122.1M | No change |
| SYY Sysco Corp. | 1.24% | 1,223,500 | $99.3M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| FERG Ferguson Jersey Ltd. | Reduce -40.5% | 6.79% | −4.76 |
| The Allstate Corporation | Reduce -19.9% | 4.83% | −0.75 |
Portfolio Buys Q4 2023 → Q1 2024
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $4.2B | GE, JHG, SOLV, FERG, WEN |
| Q1 2026 | 8 | $3.9B | JHG, GE, SOLV, FERG, WEN |
| Q4 2025 | 7 | $4.0B | JHG, GE, SOLV, WEN, FERG |
| Q3 2025 | 7 | $4.1B | JHG, GE, SOLV, IVZ, WEN |
| Q2 2025 | 10 | $3.8B | JHG, GE, SOLV, WEN, FERG |
| Q1 2025 | 10 | $3.7B | JHG, GE, SOLV, WEN, IVZ |
| Q4 2024 | 10 | $3.9B | JHG, GE, SOLV, WEN, IVZ |
| Q3 2024 | 10 | $3.9B | JHG, GE, WEN, SOLV, IVZ |
| Q2 2024 | 12 | $4.1B | JHG, GE, WEN, IVZ, FERG |
| Q1 2024 | 9 | $8.0B | DIS, JHG, GE, WEN, IVZ |