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

Location: New York, NY

CIK: 0001345471 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $3.984B (100.0% shares, 0.0% debt)

Holdings (7)

JHG Janus Henderson Group plc 38.1%

Value $1.516B Shares 31,867,800 Est. Cost $43.24 Unrealized +2.3%

GE GE Aerospace 31.2%

Value $1.242B Shares 4,030,765 Est. Cost $62.95 Unrealized +377.8%

SOLV Solventum Corporation 16.4%

Value $653M Shares 8,236,753 Est. Cost $62.06 Unrealized +23.4%

WEN Wendys Co. 6.4%

Value $254M Shares 30,440,318 Est. Cost $11.83 Unrealized -27.1%

FERG1GBX Ferguson Plc New 6.1%

Value $242M Shares 1,086,357 Est. Cost $125.69 Unrealized —

IVZ Invesco Ltd. 2.0%

Value $78.05M Shares 2,970,944 Est. Cost $11.52 Unrealized +111.0%

GEHC GE HealthCare Technologies Inc. 0.0%

Value $332K Shares 4,044 Est. Cost $71.08 Unrealized +9.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JHG	Janus Henderson Group plc	31,867,800	$1.516B	38.1%	$43.24	+2.3%	ORD SHS	G4474Y214
GE	GE Aerospace	4,030,765	$1.242B	31.2%	$62.95	+377.8%	COM NEW	369604301
SOLV	Solventum Corporation	8,236,753	$653M	16.4%	$62.06	+23.4%	COM SHS	83444M101
WEN	Wendys Co.	30,440,318	$254M	6.4%	$11.83	-27.1%	COM	95058W100
FERG1GBX	Ferguson Plc New	1,086,357	$242M	6.1%	$125.69	—	SHS	G3421J106
IVZ	Invesco Ltd.	2,970,944	$78.05M	2.0%	$11.52	+111.0%	SHS	G491BT108
GEHC	GE HealthCare Technologies Inc.	4,044	$332K	0.0%	$71.08	+9.6%	COM	36266G107