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

Trian Fund Management, L.P.

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

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

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.