Activist
Trian Fund Management
Trian Fund Management’s reported long US-listed equity holdings as of Q1 2026, from their Form 13F filing with the SEC.
13F value
$3.86B
reported long US equity
Positions
8
US-listed holdings
New this quarter
1
0 exited
Reporting period
Q1 2026
vs Q4 2025
Holdings
| # | Holding | Value | % of 13F | Shares | Change |
|---|---|---|---|---|---|
| 1 | Janus Henderson Group plc | $1.64B | 42.4% | 31.9M | — |
| 2 | GEGE Aerospace | $1.14B | 29.6% | 4.0M | — |
| 3 | SOLVSolventum Corporation | $537.9M | 13.9% | 8.2M | — |
| 4 | Ferguson Plc New | $253.4M | 6.6% | 1.1M | — |
| 5 | WENWendys Co. | $211.6M | 5.5% | 30.4M | Added |
| 6 | Invesco Ltd. | $72.2M | 1.9% | 3.0M | — |
| 7 | Magnum Ice Cream Co NV | $3.6M | 0.1% | 241.0K | New |
| 8 | GEHCGE HealthCare Technologies Inc. | $287,852 | 0.0% | 4.0K | — |
From Trian Fund Management’s Form 13F filing with the SEC, which can be up to 45 days after quarter-end. Covers long US-listed securities only: it excludes short positions, options detail, cash, bonds, and non-US holdings, so it is not the manager’s complete portfolio, and share counts and values are as of Q1 2026, not today. Not investment advice.