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Trian Fund Management 13F Holdings and Portfolio Changes
Trian Fund Management reported $4.23B in 13F securities for Q2 2026, with 8 positions. Values are as of the report date; option positions, when present, use underlying-security values. This is not complete fund assets or investment performance.
Open interactive portfolioLatest 13F portfolio changes
New or increased positions include Wendys (WEN) and GE HealthCare Technologies (GEHC). Reduced or exited positions include Janus Henderson Group (JHG) and Invesco (IVZ). These are comparisons between reported positions, not a record of execution dates, prices or cash traded.
Latest filing metadata: quarter Q2 2026; report date 2026-06-30; filing date 2026-08-12; disclosure source SEC 13F.
Reported holdings and concentration
Trian Fund Management's Q2 2026 13F report contains 8 positions valued at $4.23B. The largest reported holdings include GE Aerospace, Janus Henderson Group, Solventum, Ferguson Plc New, and Wendys.
The three largest positions in the holdings table account for approximately 82.2% of reported 13F value. The largest reported sector exposure is Industrials at 41.7% of the disclosed portfolio.
The filing metadata lists report date 2026-06-30, filing date 2026-08-12, SEC accession 0001345471-26-000035. SEC 13F reports are normally published up to 45 days after quarter end, so the data is best used to understand institutional positioning after the fact rather than to infer today's exact portfolio.
Trian Fund Management portfolio analytics
the top five positions account for 94.2% of disclosed value; the largest sector exposure is Industrials at 41.7%; latest prices differ from modeled cost estimates by an average 8.3% across 8 tracked positions (estimated costs, not reported purchase prices or actual investment returns).
Top reported holdings
| Holding | Reported value | Weight | Quarter change |
|---|---|---|---|
| GE whale holders GE Aerospace | $1.51B | 35.6% | Held |
| JHG whale holders Janus Henderson Group plc | $1.33B | 31.5% | Reduced |
| SOLV whale holders Solventum Corporation | $635.5M | 15.0% | Held |
| FERG whale holders Ferguson Plc New | $257.8M | 6.1% | Held |
| WEN whale holders Wendys Co. | $252.6M | 6.0% | Increased |
| GEHC whale holders GE HealthCare Technologies Inc. | $197.5M | 4.7% | Increased |
| IVZ whale holders Invesco Ltd. | $42.9M | 1.0% | Reduced |
| MICC whale holders Magnum Ice Cream Co NV | $4.2M | 0.1% | Held |
New and increased positions
Largest reported position values among additions; not amounts spent buying.
- WEN whale holders — Wendys Co. ($252.6M)
- GEHC whale holders — GE HealthCare Technologies Inc. ($197.5M)
Reduced and exited positions
Sorted by reported position value; exits use the prior report. These are not sale proceeds.
- JHG whale holders — Janus Henderson Group plc ($1.33B)
- IVZ whale holders — Invesco Ltd. ($42.9M)
Allocation
- Industrials: 41.7%
- Financials: 32.5%
- Health Care: 15.0%
- Other: 6.1%
- Information Technology: 4.7%
Data notes
Report date: 2026-06-30
Disclosure source: SEC 13F
Read the original SEC filing (0001345471-26-000035)
SEC 13F filings are delayed public disclosures and do not include every asset class, short positions, or real-time trades.
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Questions about this 13F filing
What does Trian Fund Management report for Q2 2026?
The filing reports 8 positions and $4.23B in 13F securities. The holdings table shows reported values and weights; option values follow the filing's reporting conventions.
What changed between filings?
New or increased positions include Wendys (WEN) and GE HealthCare Technologies (GEHC). Reduced or exited positions include Janus Henderson Group (JHG) and Invesco (IVZ).
Do these amounts show how much was bought or sold?
No. The change lists are ranked by reported position value. Exited positions use their value in the prior report. These amounts are not execution prices, cash invested or sale proceeds.
Is this the current portfolio?
No. Form 13F is a quarter-end snapshot, generally filed within 45 days of quarter end. It excludes short positions and does not cover every asset. Compare the report date and filing date before using the data.