Activist investor, long-only 13F filer
Trian Fund Management
US long stock positions, not assets under management
Form 13F-HR, filed 12 August 2026
Trian Fund Management has stopped filing, or filed late: its most recent 13F in our EDGAR ingest was filed 12 August 2026, covering the quarter ended 30 June 2026 — 1 reporting quarter behind the newest filing among managers we track. Everything below is that last filing, not a current portfolio.
How has Trian Fund Management's portfolio moved against the S&P 500?
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 — 4.2B USD 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.
Since Sept 2025Trian Fund Management +3%S&P 500 from Dec 2025 +9%
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.
Since Sept 2024Trian Fund Management +9%S&P 500 from Dec 2025 +9%
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.
- Long stock value
- 4.2B USD
- Positions
- 8
- Top holding
- GE, 35.6%
- Top sector
- Industrials 36%
- New buys, Q2 2026
- 0
- Exits, Q2 2026
- 0
Values as reported, as of Q2 2026
Top holdings — quarter ended 30 June 2026
8 US-listed positions were disclosed for the quarter ended 30 June 2026; the 8 largest by reported value are below.
Source: SEC EDGAR Form 13F-HR, as filed.
| Position | Value | Weight | Shares | Last quarter |
|---|---|---|---|---|
| GEGE Aerospace | 1.5B USD | 35.6% | 4.0M | Held |
| JHGJanus Henderson Group plc | 1.3B USD | 31.5% | 25.7M | Held |
| SOLVSolventum Corporation | 635.5M USD | 15.0% | 8.2M | Held |
| FERGFerguson Plc New | 257.8M USD | 6.1% | 1.1M | Held |
| WENWendys Co. | 252.6M USD | 6.0% | 30.5M | Held |
| GEHCGE HealthCare Technologies Inc. | 197.5M USD | 4.7% | 3.1M | Added |
| IVZInvesco Ltd. | 42.9M USD | 1.0% | 1.6M | Trimmed |
| MICCMagnum Ice Cream Co NV | 4.2M USD | 0.1% | 241.0K | Held |
Quarterly changes — quarter ended 30 June 2026
2 changes vs the prior quarter's filing, as of 30 June 2026: 0 new, 1 added, 1 trimmed and 0 sold out.
What changed against the previous quarter's filing: new positions first, then adds, trims and exits, each sorted by position size.
New buys 0Adds 1Trims 1Exits 0
Sector allocation
Industrials carries the largest share of disclosed value, at 36%.
Weights are by reported value of the quarter-end holdings; sectors from the reference list, unclassified where none matched.
| Sector | Weight | Holdings |
|---|---|---|
| Industrials | 36% | GE |
| Financial Services | 33% | IVZ, JHG |
| Healthcare | 20% | GEHC, SOLV |
| Other / unclassified | 6% | FERG, MICC |
| Consumer Cyclical | 6% | WEN |
Trian Fund Management: frequently asked questions
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.
References
- SEC EDGAR Form 13F-HR, quarterly, up to 45 days delayed. Filings are public records. Ticker mapping via SEC public files and OpenFIGI.
- Finazon prior-day close, indicative (IEX-derived, not the official close), some closes dollar-rounded at the source