TRIAN FUND MANAGEMENT, L.P.

All Holdings — 2025 Q4

Portfolio Concentration Analytics: 7.6
Risk-based ENB:
Total Positions
7
Quarter
2025 Q4
Top Holding
JHG (38.1%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-7 of 7
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
JHG
Janus Henderson...
Financial Services 38.05% 34.53% #1
Prev: #1
10.0 no change no change
P
S
31,867,800 $1,515,951,246 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE Aerospace
Industrials 31.16% 29.52% #2
Prev: #2
10.0 552 0.0%
P
S
4,030,765 $1,241,596,543 2015 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SOLV
Solventum Corpo...
Healthcare 16.38% 15.04% #3
Prev: #3
6.6 -226,066 -2.7%
P
S
8,236,753 $652,680,308 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WEN
Wendys Co.
Consumer Cyclical 6.36% 6.79% #4 1
Prev: #5
4.5 3,295 0.0%
P
S
30,440,318 $253,567,849 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
Ferguson Plc Ne...
Unknown 6.07% 5.94% #5 1
Prev: #6
2.4 no change no change
P
S
1,086,357 $241,855,659 13F Filing 2025-12-31 2026-02-14 (Est.)
IVZ
Invesco Ltd.
Financial Services 1.96% 8.17% #6 2
Prev: #4
1.0 -11,657,511 -79.7%
P
S
2,970,944 $78,046,699 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GEHC
GE HealthCare T...
Healthcare 0.01% 0.01% #7
Prev: #7
2.0 15 0.4%
P
S
4,044 $331,689 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-7 of 7 holdings

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