Trian Fund Management 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 10 US equity positions worth $3.7bn in its Q1 2025 13F filing. The largest position was Janus Henderson Group plc at 30.9% of the reported book, followed by GE and SOLV. Against the Q4 2024 filing, it opened 0 new positions, added to 1 and reduced 1 among the top 10 holdings.
What did Trian Fund Management own in Q1 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | Janus Henderson Group plc | 30.9% | $1.2bn | 31,867,800 | 0% | held | |
| 2 | GE GE Aerospace | Industrials | 21.6% | $806.6m | 4,030,213 | 0% | held |
| 3 | SOLV Solventum Corporation | Healthcare | 17.3% | $643.5m | 8,462,819 | 0% | held |
| 4 | WEN Wendys Co. | Consumer Cyclical | 11.7% | $437.2m | 30,423,683 | -0% | held |
| 5 | IVZ Invesco Ltd. | Financial Services | 9.4% | $351.5m | 23,173,442 | 0% | held |
| 6 | Ferguson Plc New | 4.3% | $161.6m | 1,008,765 | -18% | reduced | |
| 7 | U-Haul Holding Company - B | 1.8% | $66.6m | 1,124,700 | 0% | held | |
| 8 | The Allstate Corporation | 1.8% | $65.8m | 317,650 | 4% | added | |
| 9 | UHAL U-Haul Holding Company | Industrials | 1.1% | $42.6m | 652,000 | 0% | held |
| 10 | GEHC GE HealthCare Technologies Inc. | Healthcare | 0.0% | $325.2k | 4,029 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.