Activist · CIK 0001345471

Nelson Peltz

Trian Fund Mgmt

Nelson Peltz runs Trian Fund Mgmt, an activist overseeing $3.98B in disclosed equity holdings (SEC CIK 0001345471). The latest portfolio (2025Q4) discloses 7 positions across 3 sectors, with the largest positions in JANUS HENDERSON GROUP PLC, GE and SOLV. On a mark-to-market basis the tracked portfolio has returned 28.6% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Nelson's filings View holdings

Portfolio

$3.98B

Positions

Quarter

2025Q4

Filings tracked

1Y+28.6%Since filing+91.1%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2023Q3

Sector9 positions

DISDISNEY WALT CO

Communication Services·Entertainment

40.52%

of portfolio

Number of shares

32,868,307 sh

Holdings current value

$2.66B

Avg closing price

$82.23

+29.3%

Last action

Exited

2024Q3

Current $106.29

G3421J106FERGUSON PLC NEW

13.55%

of portfolio

Number of shares

5,415,218 sh

Holdings current value

$890.64M

Avg closing price

$125.70

Last action

Added 1.5%

2025Q2

Current —

G4474Y214JANUS HENDERSON GROUP PLC

12.52%

of portfolio

Number of shares

31,867,800 sh

Holdings current value

$822.83M

Avg closing price

$35.33

Last action

Added 12.7%

2022Q1

Current —

WENWENDYS CO

Consumer Cyclical·Restaurants

10.35%

of portfolio

Number of shares

33,350,743 sh

Holdings current value

$680.69M

Avg closing price

$14.63

-52.5%

Last action

Added 0.0%

2025Q4

Current $6.95

G491BT108INVESCO LTD

7.50%

of portfolio

Number of shares

33,940,096 sh

Holdings current value

$492.81M

Avg closing price

$15.82

Last action

Trimmed 25.6%

2025Q4

Current —

GEGENERAL ELECTRIC CO

Industrials·Aerospace & Defense

6.78%

of portfolio

Number of shares

4,029,840 sh

Holdings current value

$445.50M

Avg closing price

$103.03

+195.2%

Last action

Added 0.0%

2025Q4

Current $304.13

200021014The Allstate Corporation

6.17%

of portfolio

Number of shares

3,643,618 sh

Holdings current value

$405.94M

Avg closing price

$114.70

Last action

Exited

2025Q3

Current —

GEHCGE HEALTHCARE TECHNOLOGIES I

Healthcare·Medical Devices

1.39%

of portfolio

Number of shares

1,342,830 sh

Holdings current value

$91.37M

Avg closing price

$82.03

-9.0%

Last action

Added 0.0%

2025Q4

Current $74.66

SYYSYSCO CORP

Consumer Defensive·Food Distribution

1.23%

of portfolio

Number of shares

1,223,500 sh

Holdings current value

$80.81M

Avg closing price

$65.98

+15.6%

Last action

Exited

2024Q2

Current $76.27

Portfolio heatmap

Box size = % of portfolio · color = return since filing

DIS

40.52% · +31.1%

FERGUSON PLC NEW

13.55%

JANUS HENDERSON GROUP PLC

12.52%

WEN

10.35% · -65.9%

INVESCO LTD

7.50%

6.78% · +175.1%

The Allstate Corporation

6.17%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Communication Services1 pos$2.66B67.2%
Consumer Cyclical1 pos$680.7M17.2%
Industrials1 pos$445.5M11.2%
Healthcare1 pos$91.4M2.3%
Consumer Defensive1 pos$80.8M2.0%

(39.7% unclassified, excluded from %)