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Trian Partners

Q2 2026 13F · by Nelson Peltz, CEO

As of
Jun 30, 2026
Filed
Aug 12, 2026
US stock
$4.2B · prev $3.9B
Positions
8 · prev 8
Options notional
$0
Documents
1· no amendments

Picture93.9% US stock

Full picture · of what this 13F reports is US stock

  • US stock listed on a US exchange 93.9%
  • Foreign stock not listed in the US 6.1%
  • Notes debt, at principal 0.0%
  • Puts at notional value 0.0%
  • Calls at notional value 0.0%

Moves4 since the prior filing

The book

Very concentrated · behaves like 4 equal-sized positions

  1. Very concentrated
  2. Concentrated
  3. Focused
  4. Diversified

Low turnover · 19% a year, about 5.4 years per position

  1. Low
  2. Moderate
  3. High

Top 5 positions94% of US stock

  1. GE GE Aerospace held held35.6%
  2. JHG Janus Henderson Group PLC trimmed−10.88 pp trimmed−10.8831.5%
  3. SOLV Solventum Corporation held held15.0%
  4. FERG Ferguson Enterprises Inc. held held6.1%
  5. WEN The Wendy's Company added+0.49 pp added+0.496.0%

Positions8 in this filing · 0 exited

GEGE Aerospace35.61%4,030,765$1.5Bheld—20 q
JHGJanus Henderson Group PLC31.53%25,654,382$1.3Btrimmed−20%−10.88 pp19 q
SOLVSolventum Corporation15.02%8,236,753$635Mheld—9 q
FERGFerguson Enterprises Inc.6.09%1,086,357$258Mheld—22 q
WENThe Wendy's Company5.97%30,468,434$253Madded0%+0.49 pp53+ q
GEHCGE HealthCare Technologies Inc.4.67%3,085,344$197Madded×762.9+4.66 pp14 q
IVZInvesco LTD1.01%1,625,472$43Mtrimmed−45%−0.86 pp25 q
MICCThe Magnum Ice Cream Company N.V.0.10%241,042$4Mheld—2 q

Source

Form
13F-HR
Reading
1 defect · 0 unresolved
Accession
0001345471-26-000035
Options
none in this filing
Notes
none in this filing
SEC cross-check
SEC data set not published yet
  • A security outside the official 13F list — CUSIP G3421J106 not on the Official 13(f) List for 2026-06-30