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

Location: New York, NY

CIK: 0001345471 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $4.107B (100.0% shares, 0.0% debt)

Holdings (7)

JHG Janus Henderson Group plc 34.5%

Value $1.418B Shares 31,867,800 Est. Cost $43.24 Unrealized -0.1%

GE GE Aerospace 29.5%

Value $1.212B Shares 4,030,213 Est. Cost $62.95 Unrealized +333.2%

SOLV Solventum Corporation 15.0%

Value $618M Shares 8,462,819 Est. Cost $62.06 Unrealized +18.1%

IVZ Invesco Ltd. 8.2%

Value $336M Shares 14,628,455 Est. Cost $11.52 Unrealized +77.8%

WEN Wendys Co. 6.8%

Value $279M Shares 30,437,023 Est. Cost $11.83 Unrealized -13.2%

FERG1GBX Ferguson Plc New 5.9%

Value $244M Shares 1,086,357 Est. Cost $125.69 Unrealized —

GEHC GE HealthCare Technologies Inc. 0.0%

Value $303K Shares 4,029 Est. Cost $71.08 Unrealized +4.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JHG	Janus Henderson Group plc	31,867,800	$1.418B	34.5%	$43.24	-0.1%	ORD SHS	G4474Y214
GE	GE Aerospace	4,030,213	$1.212B	29.5%	$62.95	+333.2%	COM NEW	369604301
SOLV	Solventum Corporation	8,462,819	$618M	15.0%	$62.06	+18.1%	COM SHS	83444M101
IVZ	Invesco Ltd.	14,628,455	$336M	8.2%	$11.52	+77.8%	SHS	G491BT108
WEN	Wendys Co.	30,437,023	$279M	6.8%	$11.83	-13.2%	COM	95058W100
FERG1GBX	Ferguson Plc New	1,086,357	$244M	5.9%	$125.69	—	SHS	G3421J106
GEHC	GE HealthCare Technologies Inc.	4,029	$303K	0.0%	$71.08	+4.9%	COM	36266G107