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

CIK: 0001345471 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $3,791,909 (100.0% shares, 0.0% debt)

Holdings (10)

JHG Janus Henderson Group plc 32.6%

Value ($000) $1,237,745 Shares 31,867,800 Est. Cost $43.24 Unrealized -18.5%

GE GE Aerospace 27.4%

Value ($000) $1,037,337 Shares 4,030,213 Est. Cost $62.95 Unrealized +247.2%

SOLV Solventum Corporation 16.9%

Value ($000) $641,820 Shares 8,462,819 Est. Cost $62.06 Unrealized +14.1%

WEN Wendys Co. 9.2%

Value ($000) $347,565 Shares 30,434,794 Est. Cost $11.83 Unrealized +3.1%

FERG1GBX Ferguson Plc New 6.2%

Value ($000) $236,554 Shares 1,086,357 Est. Cost $125.69 Unrealized —

IVZ Invesco Ltd. 6.1%

Value ($000) $230,691 Shares 14,628,455 Est. Cost $11.52 Unrealized +21.6%

UHAL U-Haul Holding Company 0.6%

Value ($000) $21,398 Shares 353,335 Est. Cost $67.69 Unrealized -7.6%

— The Allstate Corporation 0.5%

Value ($000) $20,122 Shares 99,955 Est. Cost $114.70 Unrealized —

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

Value ($000) $18,379 Shares 338,031 Est. Cost $63.36 Unrealized -11.9%

GEHC GE HealthCare Technologies Inc. 0.0%

Value ($000) $298 Shares 4,029 Est. Cost $71.08 Unrealized -2.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JHG	Janus Henderson Group plc	31,867,800	$1,237,745	32.6%	$43.24	-18.5%	ORD SHS	G4474Y214
GE	GE Aerospace	4,030,213	$1,037,337	27.4%	$62.95	+247.2%	COM NEW	369604301
SOLV	Solventum Corporation	8,462,819	$641,820	16.9%	$62.06	+14.1%	COM SHS	83444M101
WEN	Wendys Co.	30,434,794	$347,565	9.2%	$11.83	+3.1%	COM	95058W100
FERG1GBX	Ferguson Plc New	1,086,357	$236,554	6.2%	$125.69	—	SHS	G3421J106
IVZ	Invesco Ltd.	14,628,455	$230,691	6.1%	$11.52	+21.6%	SHS	G491BT108
UHAL	U-Haul Holding Company	353,335	$21,398	0.6%	$67.69	-7.6%	COM	023586100
—	The Allstate Corporation	99,955	$20,122	0.5%	$114.70	—	COM	200021014
UHAL/B	U-Haul Holding Company - B	338,031	$18,379	0.5%	$63.36	-11.9%	COM SER N	023586506
GEHC	GE HealthCare Technologies Inc.	4,029	$298	0.0%	$71.08	-2.2%	COM	36266G107