Nelson Peltz
Portfolio value$4.2B
Positions8
QuarterQ2 2026ended 2026-06-30
Filed08/122026
Trian Fund Management, L.P.'s Q2 2026 13F, filed Aug 12, 2026, reports 8 positions worth $4.2B. The ten largest are 100.0% of the book, led by GE Aerospace at 35.6%, Janus Henderson Group Plc at 31.5% and Solventum at 15.0%. Against Q1 2026: 0 bought, 2 added to, 2 reduced, 0 sold; the largest moves were reduced Janus Henderson Group Plc (−19%) and added GE HealthCare (+76194%).
Where the money is
GEJHGSOLVFERGWENGEHC
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| GE | Ge Aerospace | 35.6% | $1.5B4.0M sh | 373.73 → −16% | 101% overvalued | held |
| JHG | Janus Henderson Group PLC | 31.5% | $1.3B25.7M sh | 52.00 | — | reduced −19% |
| SOLV | Solventum Corporation | 15.0% | $635.5M8.2M sh | 77.15 → +11% | 55% undervalued | held |
| FERG | Ferguson PLC New | 6.1% | $257.8M1.1M sh | 237.33 → −2% | 37% overvalued | held |
| WEN | Wendys Co. | 6.0% | $252.6M30.5M sh | 8.29 | — | added +0% |
| GEHC | Ge Healthcare Technologies Inc. | 4.7% | $197.5M3.1M sh | 64.01 → +9% | 40% undervalued | added +76194% |
| IVZ | Invesco Ltd. | 1.0% | $42.9M1.6M sh | 26.39 → +7% | no usable model value | reduced −45% |
| MICC | Magnum Ice Cream CO NV | 0.1% | $4.2M241,042 sh | 17.41 | — | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.