TRIAN FUND MANAGEMENT, L.P. Long-Term Concentrated

Location: New York, NY

CIK: 0001345471 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value: $3.736B (100.0% shares, 0.0% debt)

Holdings (10)

JHG Janus Henderson Group plc 30.8%

Value $1.152B Shares 31,867,800 Est. Cost $43.24 Unrealized -4.7%

GE GE Aerospace 21.6%

Value $807M Shares 4,030,213 Est. Cost $62.95 Unrealized +210.9%

SOLV Solventum Corporation 17.2%

Value $644M Shares 8,462,819 Est. Cost $62.06 Unrealized +20.0%

WEN Wendys Co. 11.9%

Value $445M Shares 30,423,683 Est. Cost $11.83 Unrealized +27.1%

IVZ Invesco Ltd. 9.4%

Value $352M Shares 23,173,442 Est. Cost $11.52 Unrealized +42.6%

FERG1GBX Ferguson Plc New 4.3%

Value $162M Shares 1,008,765 Est. Cost $118.60 Unrealized —

UHAL/B U-Haul Holding Company - B 1.8%

Value $66.56M Shares 1,124,700 Est. Cost $63.36 Unrealized -1.2%

— The Allstate Corporation 1.8%

Value $65.78M Shares 317,650 Est. Cost $114.70 Unrealized —

UHAL U-Haul Holding Company 1.1%

Value $42.61M Shares 652,000 Est. Cost $67.69 Unrealized +2.4%

GEHC GE HealthCare Technologies Inc. 0.0%

Value $325K Shares 4,029 Est. Cost $71.08 Unrealized +20.7%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JHG	Janus Henderson Group plc	31,867,800	$1.152B	30.8%	$43.24	-4.7%	ORD SHS	G4474Y214
GE	GE Aerospace	4,030,213	$807M	21.6%	$62.95	+210.9%	COM NEW	369604301
SOLV	Solventum Corporation	8,462,819	$644M	17.2%	$62.06	+20.0%	COM SHS	83444M101
WEN	Wendys Co.	30,423,683	$445M	11.9%	$11.83	+27.1%	COM	95058W100
IVZ	Invesco Ltd.	23,173,442	$352M	9.4%	$11.52	+42.6%	SHS	G491BT108
FERG1GBX	Ferguson Plc New	1,008,765	$162M	4.3%	$118.60	—	SHS	G3421J106
UHAL/B	U-Haul Holding Company - B	1,124,700	$66.56M	1.8%	$63.36	-1.2%	COM SER N	023586506
—	The Allstate Corporation	317,650	$65.78M	1.8%	$114.70	—	COM	200021014
UHAL	U-Haul Holding Company	652,000	$42.61M	1.1%	$67.69	+2.4%	COM	023586100
GEHC	GE HealthCare Technologies Inc.	4,029	$325K	0.0%	$71.08	+20.7%	COM	36266G107