Trian Fund Management portfolio: Q2 2026 13F holdings
Nelson Peltz. Nelson Peltz's activist fund: a few large consumer and industrial companies.
The Q3 2026 13F is due by 2026-11-16. This page switches to it as soon as it lands on SEC EDGAR (checked hourly).
Trian Fund Management reported 8 US stock positions worth $4.2B at the end of Q2 2026, against $3.9B in 8 positions at the end of Q1 2026. The ten largest are 100% of the portfolio, led by GE Aerospace (36%), Janus Henderson Group plc and Solventum. Over the quarter it opened no new positions, sold nothing outright, added to 1 and trimmed 2.
Biggest buys in Q2 2026
Biggest sells in Q2 2026
Everything Trian Fund Management owns
| Company | % of portfolio | Value | Shares | vs Q1 2026 | Upside | The rule |
|---|---|---|---|---|---|---|
| GEGE Aerospace | 36% | $1.5B | 4,030,765 | same | +39% | Members only |
| Janus Henderson Group plc | 32% | $1.3B | 25,654,382 | -19% | — | — |
| SOLVSolventum | 15% | $635.5M | 8,236,753 | same | -49% | Members only |
| FERGFerguson Enterprises | 6.1% | $257.8M | 1,086,357 | same | -33% | Members only |
| Wendys Co. | 6.0% | $252.6M | 30,468,434 | same | — | — |
| GEHCGE HealthCare | 4.7% | $197.5M | 3,085,344 | +76194% | +6% | Members only |
| IVZInvesco | 1.0% | $42.9M | 1,625,472 | -45% | — | Members only |
| Magnum Ice Cream Co NV | <0.1% | $4.2M | 241,042 | same | — | — |
Upside is to our model’s value from each company’s own SEC filings, for the S&P 500 companies we value (how). Positions sold out during the quarter are listed last.
Other 13F portfolios
- Berkshire HathawayWarren Buffett · Q2 2026
- Dodge & Cox220 positions · Q2 2026
- Harris Associates (Oakmark)Bill Nygren · Q2 2026
- First Eagle Investments422 positions · Q2 2026
- Coatue ManagementPhilippe Laffont · Q2 2026
- Viking GlobalAndreas Halvorsen · Q2 2026
- D1 Capital PartnersDan Sundheim · Q2 2026
- Tiger GlobalChase Coleman · Q2 2026
- Davis AdvisorsChris Davis · Q2 2026
- Pershing SquareBill Ackman · Q2 2026
- Lone Pine CapitalStephen Mandel · Q2 2026
- Elliott Investment ManagementPaul Singer · Q2 2026
What a 13F shows, and what it hides: 13F filings explained.
Generated automatically from Trian Fund Management’s Form 13F (CIK 1345471, accession 0001345471-26-000035) on SEC EDGAR, compared with its filing for Q1 2026. Long US stock positions only: 13Fs leave out shorts, cash, bonds, most non-US holdings and options (excluded here), and are up to 45 days old when filed. Research only, not investment advice. boring&rich is not affiliated with or endorsed by Trian Fund Management or Nelson Peltz.