Trian Fund Management 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 7 US equity positions worth $4.1bn in its Q3 2025 13F filing. The largest position was Janus Henderson Group plc at 34.6% of the reported book, followed by GE and SOLV. Against the Q2 2025 filing, it opened 0 new positions, added to 0 and reduced 0 among the top 7 holdings.
What did Trian Fund Management own in Q3 2025? Top 7 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | Janus Henderson Group plc | 34.6% | $1.4bn | 31,867,800 | 0% | held | |
| 2 | GE GE Aerospace | Industrials | 29.6% | $1.2bn | 4,030,213 | 0% | held |
| 3 | SOLV Solventum Corporation | Healthcare | 15.1% | $617.8m | 8,462,819 | 0% | held |
| 4 | IVZ Invesco Ltd. | Financial Services | 8.2% | $335.6m | 14,628,455 | 0% | held |
| 5 | WEN Wendys Co. | Consumer Cyclical | 6.7% | $273.8m | 30,437,023 | 0% | held |
| 6 | Ferguson Plc New | 5.9% | $244.0m | 1,086,357 | 0% | held | |
| 7 | GEHC GE HealthCare Technologies Inc. | Healthcare | 0.0% | $302.6k | 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.