Trian Fund Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Nelson Peltz's Trian Fund Management reported 8 stock positions worth $3.9 billion. Its top holding was Janus Henderson (JHG) at 42.4% of the portfolio, followed by General Electric (GE, 29.6%) and Solventum (SOLV, 13.9%). Compared with Q4 2025, it opened 1 new position and added to 1. The biggest buy was a new position in Magnum Ice Cream (MICC).
- Most Recent 13F
- Q2 2026
- Notable People
- Nelson Peltz
- Location
- NEW YORK, NY
- CIK
- 0001345471
- Portfolio Value
- $3.9B (Q1 2026)
- SEC Filing
- 0001345471-26-000026 ↗ filed May 15, 2026
Holdings Value
Holdings 8 stocks · $3.9B
| JHG Janus Henderson Group PLC | 42.41% | 31,867,800 | $1.6B | No change |
| GE General Electric filed as GE AEROSPACE | 29.63% | 4,030,765 | $1.1B | No change |
| SOLV Solventum Corp. | 13.94% | 8,236,753 | $537.9M | No change |
| FERG Ferguson Jersey Ltd. | 6.57% | 1,086,357 | $253.4M | No change |
| WEN The Wendy's Co. | 5.48% | 30,446,022 | $211.6M | Add +0.0% |
| IVZ Invesco Ltd. | 1.87% | 2,970,944 | $72.2M | No change |
| MICC The Magnum Ice Cream Co. NV | 0.09% | 241,042 | $3.6M | New |
| GEHC GE Healthcare Technology | 0.01% | 4,044 | $288K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| None this quarter. | |||
Portfolio Buys Q4 2025 → Q1 2026
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 |