DOSSIER · 13F-HR · Q1 2026

TRIAN FUND MANAGEMENT, L.P.

TRIAN FUND , L.P.'s asset manager based in New York, NY $3.9B in tracked AUM across 9 positions as of Q1 2026.

TF
TRIAN FUND , L.P.·New York, NY·Asset Manager
CIK 0001345471 · last filed Mar 31, 2026
Total AUM
$3.9B
15.2%
vs prior
Holdings
9
positions
Whale Score
83
83
strong
Activity
no data
changes this Q
Top sector
Tech
22% weight
concentration
AI Analysis · Q1 2026 · Q1 2026

Based on the SEC 13F filing data provided for Trian Fund Management, L.P. for the period ending September 30, 2025, here is a comprehensive analysis.

1. Portfolio Overview

Trian Fund Management’s portfolio has undergone a significant transformation during the third quarter of 2025, characterized by aggressive deleveraging and a pivot toward a highly concentrated strategy. The total portfolio value contracted by 23.7%, decreasing from $3.79 billion to $2.89 billion. This reduction was not me...

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
G4474Y214
Janus Henderson Group plc
$1.6B31.9M42.4%
02
GE
GE Aerospace
$1.1B4.0M29.6%
03
SOLV
Solventum Corporation
$538M8.2M13.9%
04
G3421J106
Ferguson Plc New
$253M1.1M6.6%
05
WEN
Wendys Co.
$212M30.4M5.5%
06
G491BT108
Invesco Ltd.
$72M3.0M1.9%
07
N5505D105
Magnum Ice Cream Co NV
$4M241K0.1%
08
GEHC
GE HealthCare Technologies Inc.
$287,8524K0.0%

Filing history

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