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 · 2025Q1

Sector10 positions

G4474Y214JANUS HENDERSON GROUP PLC

30.84%

of portfolio

Number of shares

31,867,800 sh

Holdings current value

$1.15B

Avg closing price

$35.33

Last action

Added 12.7%

2022Q1

Current —

GEGENERAL ELECTRIC CO

Industrials·Aerospace & Defense

21.59%

of portfolio

Number of shares

4,030,213 sh

Holdings current value

$806.65M

Avg closing price

$103.03

+195.2%

Last action

Added 0.0%

2025Q4

Current $304.13

SOLVSOLVENTUM CORP

Healthcare·Medical Instruments & Supplies

17.23%

of portfolio

Number of shares

8,462,819 sh

Holdings current value

$643.51M

Avg closing price

$58.48

+20.5%

Last action

Trimmed 2.6%

2025Q4

Current $70.48

WENWENDYS CO

Consumer Cyclical·Restaurants

11.91%

of portfolio

Number of shares

30,423,683 sh

Holdings current value

$445.10M

Avg closing price

$14.63

-52.5%

Last action

Added 0.0%

2025Q4

Current $6.95

G491BT108INVESCO LTD

9.41%

of portfolio

Number of shares

23,173,442 sh

Holdings current value

$351.54M

Avg closing price

$15.82

Last action

Trimmed 33.5%

2025Q4

Current —

G3421J106FERGUSON PLC NEW

4.33%

of portfolio

Number of shares

1,008,765 sh

Holdings current value

$161.63M

Avg closing price

$125.70

Last action

Added 8.3%

2025Q2

Current —

UHAL/BU HAUL HOLDING COMPANY

1.78%

of portfolio

Number of shares

1,124,700 sh

Holdings current value

$66.56M

Avg closing price

$61.78

Last action

Exited

2025Q3

Current —

200021014The Allstate Corporation

1.76%

of portfolio

Number of shares

317,650 sh

Holdings current value

$65.78M

Avg closing price

$114.70

Last action

Exited

2025Q3

Current —

UHALAMERCO

Industrials·Rental & Leasing Services

1.14%

of portfolio

Number of shares

652,000 sh

Holdings current value

$42.61M

Avg closing price

$65.46

-19.6%

Last action

Exited

2025Q3

Current $52.63

GEHCGE HEALTHCARE TECHNOLOGIES I

Healthcare·Medical Devices

0.01%

of portfolio

Number of shares

4,029 sh

Holdings current value

$325.2K

Avg closing price

$82.03

-9.0%

Last action

Added 0.4%

2025Q4

Current $74.66

Portfolio heatmap

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

JANUS HENDERSON GROUP PLC

30.84%

INVESCO LTD

9.41%

FERGUSON PLC NEW

4.33%

UHAL/B

1.78%

The Allstate Corporation

1.76%

Sector exposure

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

Industrials2 pos$849.3M43.8%
Healthcare2 pos$643.8M33.2%
Consumer Cyclical1 pos$445.1M23.0%

(48.1% unclassified, excluded from %)