whalepapers
Overview/ Trian Fund Management, L.P./ Q3 2025

Trian Fund Management, L.P.

Nelson Peltz · As of Q3 2025 · filed Nov 14, 2025

Q3 2025

Holdings

7 positions · Δ vs prior quarter
Janus Henderson Group plc
$1.42B
34.5%
31,867,800 Held
GE GENERAL ELECTRIC
$1.21B
29.5%
4,030,213 Held
SOLV SOLVENTUM CORP
$617.8M
15.0%
8,462,819 Held
IVZ INVESCO LTD
$335.6M
8.2%
14,628,455 Held
WEN WENDY'S CO
$278.8M
6.8%
30,437,023 +2,229 +0.0% Added
FERG1GBX FERGUSON PLC
$244.0M
5.9%
1,086,357 Held
GEHC GE HEALTHCARE TECHNOLOGY
$303K
0.0%
4,029 Held

Sold positions

3 closed in Q3 2025 · shares & value as of prior filing
Holding Shares sold Prior value
UHAL U-HAUL HOLDING CO
353,335 $21.4M
The Allstate Corporation
99,955 $20.1M
UHAL/B U-HAUL HOLDING CO-NON VOTING
338,031 $18.4M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.