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

Location: New York, NY

CIK: 0001345471 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value: $3.792B (100.0% shares, 0.0% debt)

Holdings (10)

JHG Janus Henderson Group plc 32.6%

Value $1.238B Shares 31,867,800 Share Price $38.84 * Est. Cost/Share $43.24 Unrealized @ Report Date -18.5%

GE GE Aerospace 27.4%

Value $1.037B Shares 4,030,213 Share Price $257.39 * Est. Cost/Share $62.95 Unrealized @ Report Date +247.2%

SOLV Solventum Corporation 16.9%

Value $642M Shares 8,462,819 Share Price $75.84 * Est. Cost/Share $62.06 Unrealized @ Report Date +14.1%

WEN Wendys Co. 9.2%

Value $348M Shares 30,434,794 Share Price $11.42 * Est. Cost/Share $11.83 Unrealized @ Report Date +3.1%

FERG1GBX Ferguson Plc New 6.2%

Value $237M Shares 1,086,357 Share Price $217.75 Est. Cost/Share $125.69 Unrealized @ Report Date —

IVZ Invesco Ltd. 6.1%

Value $231M Shares 14,628,455 Share Price $15.77 * Est. Cost/Share $11.52 Unrealized @ Report Date +21.6%

UHAL U-Haul Holding Company 0.6%

Value $21.4M Shares 353,335 Share Price $60.56 * Est. Cost/Share $67.69 Unrealized @ Report Date -7.6%

— The Allstate Corporation 0.5%

Value $20.12M Shares 99,955 Share Price $201.31 Est. Cost/Share $114.70 Unrealized @ Report Date —

UHAL/B U-Haul Holding Company - B 0.5%

Value $18.38M Shares 338,031 Share Price $54.37 * Est. Cost/Share $63.36 Unrealized @ Report Date -11.9%

GEHC GE HealthCare Technologies Inc. 0.0%

Value $298K Shares 4,029 Share Price $74.07 * Est. Cost/Share $71.08 Unrealized @ Report Date -2.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
JHG	Janus Henderson Group plc	31,867,800	$1.238B	32.6%	$38.84 *	$43.24	-18.5%	ORD SHS	G4474Y214
GE	GE Aerospace	4,030,213	$1.037B	27.4%	$257.39 *	$62.95	+247.2%	COM NEW	369604301
SOLV	Solventum Corporation	8,462,819	$642M	16.9%	$75.84 *	$62.06	+14.1%	COM SHS	83444M101
WEN	Wendys Co.	30,434,794	$348M	9.2%	$11.42 *	$11.83	+3.1%	COM	95058W100
FERG1GBX	Ferguson Plc New	1,086,357	$237M	6.2%	$217.75	$125.69	—	SHS	G3421J106
IVZ	Invesco Ltd.	14,628,455	$231M	6.1%	$15.77 *	$11.52	+21.6%	SHS	G491BT108
UHAL	U-Haul Holding Company	353,335	$21.4M	0.6%	$60.56 *	$67.69	-7.6%	COM	023586100
—	The Allstate Corporation	99,955	$20.12M	0.5%	$201.31	$114.70	—	COM	200021014
UHAL/B	U-Haul Holding Company - B	338,031	$18.38M	0.5%	$54.37 *	$63.36	-11.9%	COM SER N	023586506
GEHC	GE HealthCare Technologies Inc.	4,029	$298K	0.0%	$74.07 *	$71.08	-2.2%	COM	36266G107