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

CIK: 0001345471 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $3,735,730 (100.0% shares, 0.0% debt)

Holdings (10)

JHG Janus Henderson Group plc 30.8%

Value ($000) $1,152,021 Shares 31,867,800 Est. Cost $43.24 Unrealized -4.7%

GE GE Aerospace 21.6%

Value ($000) $806,647 Shares 4,030,213 Est. Cost $62.95 Unrealized +210.9%

SOLV Solventum Corporation 17.2%

Value ($000) $643,513 Shares 8,462,819 Est. Cost $62.06 Unrealized +20.0%

WEN Wendys Co. 11.9%

Value ($000) $445,098 Shares 30,423,683 Est. Cost $11.83 Unrealized +27.1%

IVZ Invesco Ltd. 9.4%

Value ($000) $351,541 Shares 23,173,442 Est. Cost $11.52 Unrealized +42.6%

FERG1GBX Ferguson Plc New 4.3%

Value ($000) $161,634 Shares 1,008,765 Est. Cost $118.60 Unrealized —

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

Value ($000) $66,560 Shares 1,124,700 Est. Cost $63.36 Unrealized -1.2%

— The Allstate Corporation 1.8%

Value ($000) $65,776 Shares 317,650 Est. Cost $114.70 Unrealized —

UHAL U-Haul Holding Company 1.1%

Value ($000) $42,615 Shares 652,000 Est. Cost $67.69 Unrealized +2.4%

GEHC GE HealthCare Technologies Inc. 0.0%

Value ($000) $325 Shares 4,029 Est. Cost $71.08 Unrealized +20.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JHG	Janus Henderson Group plc	31,867,800	$1,152,021	30.8%	$43.24	-4.7%	ORD SHS	G4474Y214
GE	GE Aerospace	4,030,213	$806,647	21.6%	$62.95	+210.9%	COM NEW	369604301
SOLV	Solventum Corporation	8,462,819	$643,513	17.2%	$62.06	+20.0%	COM SHS	83444M101
WEN	Wendys Co.	30,423,683	$445,098	11.9%	$11.83	+27.1%	COM	95058W100
IVZ	Invesco Ltd.	23,173,442	$351,541	9.4%	$11.52	+42.6%	SHS	G491BT108
FERG1GBX	Ferguson Plc New	1,008,765	$161,634	4.3%	$118.60	—	SHS	G3421J106
UHAL/B	U-Haul Holding Company - B	1,124,700	$66,560	1.8%	$63.36	-1.2%	COM SER N	023586506
—	The Allstate Corporation	317,650	$65,776	1.8%	$114.70	—	COM	200021014
UHAL	U-Haul Holding Company	652,000	$42,615	1.1%	$67.69	+2.4%	COM	023586100
GEHC	GE HealthCare Technologies Inc.	4,029	$325	0.0%	$71.08	+20.7%	COM	36266G107