Trian Fund Management 13F holdings (Nelson Peltz)
Trian Fund Management (Nelson Peltz) reported its Q2 2026 13F on Aug 12, 2026. The filing shows a $4.2B US stock portfolio in 8 positions, 94% of it in the top five: General Electric (36%), Janus Henderson Group (32%), Solventum (15%), Ferguson Plc New (6.1%) and Wendy's (6.0%). In Q2 2026 it added to 1 and trimmed 2. At today's prices that book is down 10.3% since the quarter closed. 13F filings arrive up to 45 days after the quarter ends and cover long US-listed positions only, so they show where the money was, not where it is now; this is educational analysis, not investment advice.
Q2 2026 13F, filed Aug 12, 2026. Prices as of Oct 23, 2026. Refreshed weekly from SEC EDGAR.
How big is Trian Fund Management's stock portfolio?
From the Q2 2026 13F, filed Aug 12, 2026. Prices are today's, so "since quarter-end" is how the book as filed has done since.
What does Trian Fund Management own?
The positions in its Q2 2026 13F, largest first. "This site's filters" is how many of this site's 8 value filters the stock passes; a stock this site tracks links to its own analysis.
| Stock | Weight | Size | Shares vs. last quarter | Quarters held | Since quarter-end | This site's filters |
|---|---|---|---|---|---|---|
| GEGeneral Electric | 35.6% | $1.5B4.0M shares | 0% | 8+ | -21.5% | 3/8 |
| n/aJanus Henderson Group plc | 31.5% | $1.3B25.7M shares | -20% | 8+ | n/a | n/a |
| SOLVSolventum Corp | 15.0% | $635M8.2M shares | 0% | 8+ | +13.4% | 5/8 |
| n/aFerguson Plc New | 6.1% | $258M1.1M shares | 0% | 8+ | n/a | n/a |
| WENWendy's Co | 6.0% | $253M30.5M shares | +0% | 8+ | -20.7% | n/a |
| GEHCGE Healthcare Technology | 4.7% | $197M3.1M shares | +76194% | 8+ | +11.6% | 5/8 |
| n/aInvesco Ltd. | 1.0% | $42.9M1.6M shares | -45% | 8+ | n/a | n/a |
| n/aMagnum Ice Cream Co NV | 0.1% | $4.2M241K shares | 0% | 2 | n/a | n/a |
What did Nelson Peltz buy and sell in Q2 2026?
Compared with Q1 2026. A position counts as added or trimmed when its share count moved by 5% or more.
Bought (new)
No new positions.
Added to
Trimmed
Sold out
Nothing sold out.
How has Trian Fund Management's portfolio changed over time?
The reported stock book each quarter. It includes market moves as well as buying and selling.
| Quarter | Stock book | Positions | Change |
|---|---|---|---|
| Q3 2024 | $3.9B | 10 | n/a |
| Q4 2024 | $3.9B | 10 | -0.3% |
| Q1 2025 | $3.7B | 10 | -3.7% |
| Q2 2025 | $3.8B | 10 | +1.5% |
| Q3 2025 | $4.1B | 7 | +8.3% |
| Q4 2025 | $4.0B | 7 | -3.0% |
| Q1 2026 | $3.9B | 8 | -3.1% |
| Q2 2026 | $4.2B | 8 | +9.6% |
Frequently asked questions about Trian Fund Management
What does Trian Fund Management own?
Trian Fund Management's Q2 2026 13F lists 8 positions worth $4.2B. The largest are General Electric (36%), Janus Henderson Group (32%), Solventum (15%), Ferguson Plc New (6.1%) and Wendy's (6.0%), together 94% of the book. The full table is above; each stock this site tracks links to its own analysis.
What did Nelson Peltz buy and sell in Q2 2026?
Compared with Q1 2026, Trian Fund Management added to 1 and trimmed 2. A position counts as added or trimmed when its share count moved by 5% or more.
How concentrated is Trian Fund Management's portfolio?
The top position is 36% of the book, the top five 94% and the top ten 100%, across 8 positions. Estimated turnover last quarter was 13% of the book.
When does Trian Fund Management file its next 13F?
Managers file within 45 days after each quarter ends. For the quarter ending Sep 30, 2026, the deadline is about Nov 16, 2026 (a weekend deadline moves to the next business day). This page updates when the filing is on EDGAR.
Can you see Nelson Peltz's cost basis or profit?
No. A 13F lists positions at quarter-end, not what was paid or when, and it excludes shorts and non-US holdings. This page shows each stock's price change since the quarter closed (the whole book as filed is -10.3%, with 61% of it priced) and since the position first appeared, which is a rough read and not their profit.
Where does this data come from?
- Holdings: Trian Fund Management's Form 13F-HR filings, listed on SEC EDGAR; the latest, filed Aug 12, 2026, is here. The Q2 2026 book was filed Aug 12, 2026.
- Prices and tickers: today's prices are from Finnhub, matched to each filing's securities with OpenFIGI; "since quarter-end" compares today's price with the price implied by the filing (value divided by shares).
- Limits: a 13F covers long US-listed positions only, up to 45 days after the quarter ends: no shorts, no cost basis, no trades inside the quarter. Read the Editorial Standards for how this site treats filings, and Form 13F in the glossary.
About this page
This page lists everything in Trian Fund Management's latest Form 13F (Nelson Peltz): every position, what changed last quarter and how the stocks have moved since. Every figure comes from SEC filings and is refreshed weekly; read the Editorial Standards for the rules, or open Superinvestors to compare all 25 investors. Educational content only, not investment advice.