Trian Fund Management (Nelson Peltz)
TRIAN FUND MANAGEMENT, L.P. · CIK 0001345471 · NEW YORK, NY · Quarter end: 2026-06-30 · Filed on: 2026-08-12 · Open the SEC source ↗Activist Investor
Portfolio Value (AUM)Total value of the fund's US stock portfolio reported to the SEC.
$4.23B
2026 Q2
Positions
8
Top-10 ConcentrationHow much of the portfolio sits in the 10 largest holdings. High = concentrated bets.
100.0%
Est. Net Flow (Q)
—
2026 Q2
AUM History
Quarterly History · 40 Quarter
| Quarter | Filed | Holdings | Total Value | Turnover % | Top 10 |
|---|---|---|---|---|---|
| 2026 Q2 | 2026-08-12 | 8 | $4.23B | 0.0% | GE, G4474Y214, SOLV, G3421J106, WEN, GEHC, G491BT108, N5505D105 |
| 2026 Q1 | 2026-05-15 | 8 | $3.86B | 0.1% | G4474Y214, GE, SOLV, G3421J106, WEN, G491BT108, N5505D105, GEHC |
| 2025 Q4 | 2026-02-17 | 7 | $3.98B | 0.0% | G4474Y214, GE, SOLV, WEN, G3421J106, G491BT108, GEHC |
| 2025 Q3 | 2025-11-14 | 7 | $4.11B | 1.5% | G4474Y214, GE, SOLV, G491BT108, WEN, G3421J106, GEHC |
| 2025 Q2 | 2025-08-14 | 10 | $3.79B | 0.0% | G4474Y214, GE, SOLV, WEN, G3421J106, G491BT108, UHAL, 200021014, UHAL-B, GEHC |
| 2025 Q1 | 2025-05-15 | 10 | $3.74B | 0.0% | G4474Y214, GE, SOLV, WEN, G491BT108, G3421J106, UHAL-B, 200021014, UHAL, GEHC |
| 2024 Q4 | 2025-02-14 | 10 | $3.88B | 0.0% | G4474Y214, GE, SOLV, WEN, G491BT108, G3421J106, UHAL-B, 200021014, UHAL, GEHC |
| 2024 Q3 | 2024-11-13 | 10 | $3.89B | 6.9% | G4474Y214, GE, WEN, SOLV, G491BT108, G3421J106, 200021014, UHAL-B, UHAL, GEHC |
| 2024 Q2 | 2024-08-14 | 12 | $4.10B | 7.8% | G4474Y214, GE, WEN, G491BT108, G3421J106, 200021014, SOLV, DIS, GEHC, UHAL-B |
| 2024 Q1 | 2024-05-15 | 9 | $8.02B | 0.0% | DIS, G4474Y214, GE, WEN, G491BT108, G3421J106, 200021014, GEHC, SYY |
| 2023 Q4 | 2024-02-14 | 9 | $7.01B | 0.0% | DIS, G4474Y214, G3421J106, WEN, G491BT108, GE, 200021014, GEHC, SYY |
| 2023 Q3 | 2023-11-14 | 9 | $6.57B | 9.3% | DIS, G3421J106, G4474Y214, WEN, G491BT108, GE, 200021014, GEHC, SYY |
| 2023 Q2 | 2023-08-15 | 8 | $3.88B | 0.0% | G4474Y214, G3421J106, DIS, G491BT108, WEN, GE, GEHC, MDLZ |
| 2023 Q1 | 2023-05-15 | 8 | $3.75B | 5.9% | G4474Y214, G3421J106, DIS, G491BT108, WEN, GE, GEHC, MDLZ |
| 2022 Q4 | 2023-02-15 | 8 | $4.9M | 0.1% | G3421J106, G491BT108, DIS, G4474Y214, WEN, GE, MDLZ, SYY |
| 2022 Q3 | 2022-11-14 | 8 | $3.80B | 0.0% | G3421J106, G491BT108, G4474Y214, SYY, WEN, GE, MDLZ, PG |
| 2022 Q2 | 2022-08-12 | 8 | $4.55B | 0.0% | G3421J106, G491BT108, G4474Y214, SYY, WEN, GE, MDLZ, PG |
| 2022 Q1 | 2022-05-13 | 8 | $5.97B | 15.0% | G3421J106, G491BT108, G4474Y214, SYY, WEN, GE, MDLZ, PG |
| 2021 Q4 | 2022-02-11 | 9 | $7.46B | 27.9% | G3421J106, G4474Y214, G491BT108, SYY, CMCSA, WEN, GE, PG, MDLZ |
| 2021 Q3 | 2021-11-12 | 9 | $8.04B | 10.2% | G3421J106, CMCSA, SYY, G4474Y904, G491BT108, PG, WEN, MDLZ, GE |
| 2021 Q2 | 2021-08-13 | 9 | $8.55B | 0.0% | G3421J106, SYY, CMCSA, G491BT108, G4474Y904, PG, WEN, MDLZ, 369604103 |
| 2021 Q1 | 2021-05-14 | 9 | $8.46B | 20.8% | SYY, G3421J106, PG, CMCSA, G491BT108, MDLZ, WEN, G4474Y904, 369604103 |
| 2020 Q4 | 2021-02-12 | 8 | $6.76B | 1.6% | SYY, PG, CMCSA, MDLZ, G491BT108, WEN, G4474Y904, 369604103 |
| 2020 Q3 | 2020-11-16 | 9 | $6.05B | 179.7% | SYY, PG, CMCSA, MDLZ, WEN, G491BT108, G4474Y904, 369604103, G6700G107 |
| 2020 Q2 | 2020-10-02 | 2 | $426.0M | 200.0% | G491BT108, G4474Y214 |
| 2020 Q1 | 2020-05-15 | 8 | $6.94B | 0.0% | PG, SYY, MDLZ, 369604103, WEN, BNY, G6700G107, LMEUR |
| 2019 Q4 | 2020-02-14 | 8 | $9.48B | 0.0% | PG, SYY, MDLZ, 369604103, BNY, WEN, G6700G107, LMEUR |
| 2019 Q3 | 2019-11-14 | 8 | $9.58B | 5.2% | PG, SYY, MDLZ, 369604103, BNY, WEN, G6700G107, LMEUR |
| 2019 Q2 | 2019-08-14 | 9 | $9.48B | 1.6% | PG, SYY, MDLZ, 369604103, WEN, BNY, PPG, G6700G107, LMEUR |
| 2019 Q1 | 2019-05-15 | 8 | $9.34B | 3.5% | PG, SYY, MDLZ, 369604103, PPG, BNY, WEN, G6700G107 |
| 2018 Q4 | 2019-02-14 | 9 | $9.24B | 0.0% | PG, SYY, BNY, MDLZ, PPG, 369604103, WEN, G6700G107, G7S00T104 |
| 2018 Q3 | 2018-11-14 | 9 | $10.34B | 186.4% | PG, SYY, BNY, MDLZ, 369604103, WEN, G7S00T104, G6700G107, PPG |
| 2018 Q2 | 2018-10-09 | 1 | $269.0M | 200.0% | PPG |
| 2018 Q1 | 2018-05-15 | 7 | $9.91B | 0.0% | PG, SYY, G7S00T104, 369604103, BNY, MDLZ, WEN |
| 2017 Q4 | 2018-02-14 | 7 | $11.82B | 7.0% | PG, SYY, MDLZ, 369604103, G7S00T104, BNY, WEN |
| 2017 Q3 | 2017-11-14 | 8 | $12.98B | 12.4% | PG, SYY, MDLZ, 369604103, BNY, G7S00T104, 26078J100, WEN |
| 2017 Q2 | 2017-08-11 | 8 | $13.27B | 0.0% | PG, SYY, 369604103, MDLZ, BNY, G7S00T104, 263534109, WEN |
| 2017 Q1 | 2017-05-12 | 8 | $13.33B | 0.0% | PG, SYY, 369604103, MDLZ, BNY, G7S00T104, 263534109, WEN |
| 2016 Q4 | 2017-02-14 | 8 | $11.09B | 21.2% | SYY, 369604103, MDLZ, BNY, 263534109, G7S00T104, WEN, PG |
| 2016 Q3 | 2016-11-14 | 7 | $10.24B | — | SYY, 369604103, MDLZ, BNY, 263534109, G7500T104, WEN |
Share counts are split-adjusted. Time held counts consecutive quarters ending with the latest filing; more than ten years shows as ">10 Years".
Related managers
Five closest superinvestors by Jaccard overlap of tickers held in the latest quarter (computed nightly).
| Manager | Overlap | Shared holdings |
|---|---|---|
| TCI Fund Management (Chris Hohn) | 5.6% | GE |
| Semper Augustus Investments | 3.6% | GE, GEHC |
| First Pacific Advisors (Steven Romick) | 2.5% | GEHC, N5505D105 |
| Harris Associates (Bill Nygren) | 1.5% | WEN, GEHC |
| Dodge & Cox | 1.3% | GE, GEHC |
Read the 2026-Q2 quarterly report · 13F Filing Calendar
13F data shows quarter-end positions, is delayed by up to 45 days and covers only long positions in US-listed securities; short positions, most derivatives and non-US assets are not reported.