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Activist investor · Long-only 13F filer

Trian Fund Management

$4.2B+$371.1M vs prior 13FUS long stock positions · not assets under managementSEC EDGAR · 13F-HR · filed 12 August 2026

Trian Fund Management's latest 13F filing covers the quarter ended 30 June 2026 and was filed 12 August 2026 (43 days after quarter end): 8 disclosed US-listed positions — $4.2 billion in long stock. One add and one trim against the prior quarter. Holdings are up to 45 days old by the time they clear EDGAR.

Portfolio · vs S&P 500Trian Fund ManagementS&P 500
Sept 2025Trian Fund Management +3% · S&P: +12%

The line rebuilds Trian Fund Management's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Portfolio · vs S&P 500Trian Fund ManagementS&P 500
Sept 2024Trian Fund Management +9% · S&P from Sept 2025: +12%

The line rebuilds Trian Fund Management's disclosed 13F holdings at each filing and holds them to the next, tracked against the S&P 500 where daily price history overlaps. Long US equity only — an illustrative read, not an audited return.

S&P 500 overlay: Finazon · prior-day close, most closes dollar-rounded at the source

Long stock value$4.2B
Positions8
Top holdingGE · 35.6%
Top sectorIndustrials 36%
New buys · Q2 20260
Exits · Q2 20260

Portfolio reconstructed from SEC EDGAR 13F filings · values as reported · as of Q2 2026

Top holdings — quarter ended 30 June 2026

Largest 8 of 8 positions
PositionValueWeightSharesLast quarter
GEGE Aerospace$1.5B35.6%4.0MHeld
JHGJanus Henderson Group plc$1.3B31.5%25.7MHeld
SOLVSolventum Corporation$635.5M15.0%8.2MHeld
FERGFerguson Plc New$257.8M6.1%1.1MHeld
WENWendys Co.$252.6M6.0%30.5MHeld
GEHCGE HealthCare Technologies Inc.$197.5M4.7%3.1MAdded
IVZInvesco Ltd.$42.9M1.0%1.6MTrimmed
MICCMagnum Ice Cream Co NV$4.2M0.1%241.0KHeld

Quarterly changes — quarter ended 30 June 2026

2 changes vs prior quarter
New buys0
Adds1
Trims1
Exits0

What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.

PositionChangeShares movedValue after
GEHCGE HealthCare Technologies Inc.Added+3.1M$197.5M
IVZInvesco Ltd.Trimmed−1.3M$42.9M

Sector allocation

Industrials36%
Financial Services33%
Healthcare20%
Other / unclassified6%
Consumer Cyclical6%

Holdings by sector

Industrials carries the largest share of disclosed value, at 36%.

Industrials36%
GE
Financial Services33%
IVZ · JHG
Healthcare20%
GEHC · SOLV
Other / unclassified6%
FERG · MICC
Consumer Cyclical6%
WEN
What is Trian Fund Management's biggest holding?

As of the quarter ended 30 June 2026, the largest disclosed position was GE (GE Aerospace), about 35.6% of the disclosed US-listed portfolio by reported value.

What did Nelson Peltz's Trian Fund Management buy in Q2 2026?

No brand-new positions were disclosed for the quarter ended 30 June 2026 — changes that quarter were adds, trims or exits of existing positions.

How concentrated is the portfolio?

Very concentrated. The top five positions are 94% of disclosed value and the top ten are 100%.

When is Trian Fund Management's next 13F due?

13F filings for the quarter ended 30 September 2026 are due by 16 November 2026 — managers have 45 days after each calendar quarter ends. Whether Trian Fund Management files is up to the manager; we show whatever EDGAR receives.

Does this show the whole portfolio?

No. Form 13F covers US-listed long equity and some options only — no short bets, bonds, cash, private businesses, non-US holdings or timing inside the quarter. Amended filings replace originals; this page always shows the latest canonical version.

Read the form itself on SEC EDGAR or see our plain-words guide to 13F filings — Trian Fund Management may have already changed these positions since 30 June 2026.

Trian Fund Management 13F portfolio — holdings and quarterly moves · The Distributed