Trian Fund Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Trian Fund Management disclosed 7 US equity positions worth $4.0bn in its Q4 2025 13F filing. The largest position was Janus Henderson Group plc at 38.1% of the reported book, followed by GE and SOLV. Against the Q3 2025 filing, it opened 0 new positions, added to 0 and reduced 2 among the top 7 holdings.
What did Trian Fund Management own in Q4 2025? Top 7 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | Janus Henderson Group plc | 38.1% | $1.5bn | 31,867,800 | 0% | held | |
| 2 | GE GE Aerospace | Industrials | 31.2% | $1.2bn | 4,030,765 | 0% | held |
| 3 | SOLV Solventum Corporation | Healthcare | 16.4% | $652.7m | 8,236,753 | -3% | reduced |
| 4 | WEN Wendys Co. | Consumer Cyclical | 6.3% | $249.0m | 30,440,318 | 0% | held |
| 5 | Ferguson Plc New | 6.1% | $241.9m | 1,086,357 | 0% | held | |
| 6 | IVZ Invesco Ltd. | Financial Services | 2.0% | $78.0m | 2,970,944 | -80% | reduced |
| 7 | GEHC GE HealthCare Technologies Inc. | Healthcare | 0.0% | $331.7k | 4,044 | 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.