Skip to content
Disclosery

TRIAN FUND MANAGEMENT, L.P.

Follow

13F filer, CIK 1345471, NEW YORK, NY

TRIAN FUND MANAGEMENT, L.P. reported $3,984,029,993 across 7 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001345471-26-000015

Period
2025-12-31
Reported value
$3.98B
Holdings
7
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
GEadded+552$170K
WENadded+3,295$27.4K
GEHCadded+15$1.23K

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
IVZreduced-11,657,511-$306M
SOLVreduced-226,066-$17.9M

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 2025

Share positions as resolved from 13F-HR 0001345471-26-000015, largest first. % of portfolio is the value over $3,984,029,993, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,867,800 shares; 2024Q4: 31,867,800 shares; 2025Q1: 31,867,800 shares; 2025Q2: 31,867,800 shares; 2025Q3: 31,867,800 shares; 2025Q4: 31,867,800 shares 31,867,800$1.52B38.05%0Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,030,213 shares; 2024Q4: 4,030,213 shares; 2025Q1: 4,030,213 shares; 2025Q2: 4,030,213 shares; 2025Q3: 4,030,213 shares; 2025Q4: 4,030,765 shares 4,030,765$1.24B31.16%+552Timeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,126,255 shares; 2024Q4: 8,462,819 shares; 2025Q1: 8,462,819 shares; 2025Q2: 8,462,819 shares; 2025Q3: 8,462,819 shares; 2025Q4: 8,236,753 shares 8,236,753$653M16.38%-226,066Timeline
WENWENDYS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,512,595 shares; 2024Q4: 30,525,029 shares; 2025Q1: 30,423,683 shares; 2025Q2: 30,434,794 shares; 2025Q3: 30,437,023 shares; 2025Q4: 30,440,318 shares 30,440,318$254M6.36%+3,295Timeline
FERGUSON PLCFERGUSON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,270,810 shares; 2024Q4: 1,237,274 shares; 2025Q1: 1,008,765 shares; 2025Q2: 1,086,357 shares; 2025Q3: 1,086,357 shares; 2025Q4: 1,086,357 shares 1,086,357$242M6.07%0
IVZINVESCO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,173,442 shares; 2024Q4: 23,173,442 shares; 2025Q1: 23,173,442 shares; 2025Q2: 14,628,455 shares; 2025Q3: 14,628,455 shares; 2025Q4: 2,970,944 shares 2,970,944$78M1.96%-11,657,511Timeline
GEHCGE HEALTHCARE TECHNOLOGIES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,029 shares; 2024Q4: 4,029 shares; 2025Q1: 4,029 shares; 2025Q2: 4,029 shares; 2025Q3: 4,029 shares; 2025Q4: 4,044 shares 4,044$332K0.01%+15Timeline

How Q4 2025 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 0001345471-26-000015 base2026-02-17acceptance time not in the bulk data set