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TRIAN FUND MANAGEMENT, L.P.

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13F filer, CIK 1345471, NEW YORK, NY

TRIAN FUND MANAGEMENT, L.P. reported $3,880,505,606 across 10 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001345471-25-000009

Period
2024-12-31
Reported value
$3.88B
Holdings
10
Top 10 weight
100%
New
0
Sold out
0

Part of the filer group TRIAN FUND MANAGEMENT, L.P.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SOLVadded+1,336,564$88.3M
UHALadded+202,405$14M
UHAL-Badded+75,645$4.85M
WENadded+12,434$203K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
The Allstate Corporationreduced-306,725-$59.1M
FERGUSON PLCreduced-33,536-$5.82M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001345471-25-000009, largest first. % of portfolio is the value over $3,880,505,606, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
JHGJANUS HENDERSON GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,867,800 shares; 2024Q4: 31,867,800 shares 31,867,800$1.36B34.93%0Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,030,213 shares; 2024Q4: 4,030,213 shares 4,030,213$672M17.32%0Timeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,126,255 shares; 2024Q4: 8,462,819 shares 8,462,819$559M14.41%+1,336,564Timeline
WENWENDYS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,512,595 shares; 2024Q4: 30,525,029 shares 30,525,029$498M12.82%+12,434Timeline
IVZINVESCO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,173,442 shares; 2024Q4: 23,173,442 shares 23,173,442$405M10.44%0Timeline
FERGUSON PLCFERGUSON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,270,810 shares; 2024Q4: 1,237,274 shares 1,237,274$215M5.53%-33,536
UHAL-BU HAUL HOLDING COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,049,055 shares; 2024Q4: 1,124,700 shares 1,124,700$72M1.86%+75,645Timeline
The Allstate CorporationThe Allstate CorporationQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 613,447 shares; 2024Q4: 306,722 shares 306,722$59.1M1.52%-306,725
UHALU HAUL HOLDING COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 449,595 shares; 2024Q4: 652,000 shares 652,000$45M1.16%+202,405Timeline
GEHCGE HEALTHCARE TECHNOLOGIES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q1: restricted; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,029 shares; 2024Q4: 4,029 shares 4,029$315K0.01%0Timeline

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001345471-25-000009 base2025-02-14acceptance time not in the bulk data set