whalepapers
Overview/ Trian Fund Management, L.P./ Q4 2025

Trian Fund Management, L.P.

Nelson Peltz · As of Q4 2025 · filed Feb 17, 2026

Q4 2025

Holdings

7 positions · Δ vs prior quarter
Janus Henderson Group plc
$1.52B
38.1%
31,867,800 Held
GE GENERAL ELECTRIC
$1.24B
31.2%
4,030,765 +552 +0.0% Added
SOLV SOLVENTUM CORP
$652.7M
16.4%
8,236,753 −226,066 −2.7% Reduced
WEN WENDY'S CO
$253.6M
6.4%
30,440,318 +3,295 +0.0% Added
FERG1GBX FERGUSON PLC
$241.9M
6.1%
1,086,357 Held
IVZ INVESCO LTD
$78.0M
2.0%
2,970,944 −11,657,511 −79.7% Reduced
GEHC GE HEALTHCARE TECHNOLOGY
$332K
0.0%
4,044 +15 +0.4% Added

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.