Nelson Peltz - Trian Fund Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    8
Portfolio value:    $3,859,778,188
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
JHG - Janus Henderson Group Ltd. 42.41 31,867,800 $41.16 $1,637,048,886 $51.95 26.22% $39.36 $53.76
GE - GE Aerospace 29.63 4,030,765 $64.22 $1,143,810,184 $353.42 450.33% $253.37 $382.49
SOLV - Solventum Corp. 13.93 8,236,753 $58.48 $537,859,971 $77.42 32.40% $62.38 $88.20
FERG - Ferguson Enterprises Inc. 6.57 1,086,357 $125.70 $253,403,634 $233.19 85.51% $204.50 $269.59
WEN - The Wendy's Co. 5.48 Add 0.02% 30,446,022 $11.76 $211,599,853 $7.50 -36.20% $6.07 $11.22
IVZ - Invesco Ltd. 1.87 2,970,944 $16.08 $72,164,230 $28.40 76.60% $15.93 $29.82
MICC - The Magnum Ice Cream Co. N.V. 0.09 Buy 241,042 $14.95 $3,603,578 $18.46 23.48% $12.94 $19.93
GEHC - GE HealthCare Technologies Inc. 0.01 4,044 $82.03 $287,852 $65.31 -20.38% $58.75 $89.69
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Financial Services 44.28
Industrials 36.20
Healthcare 13.94
Consumer Cyclical 5.48
Consumer Defensive 0.09