Nelson Peltz
Trian Fund Management · 12 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 7 priced positions, -2.80% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.
Download CSVChecking Google Sheets
2026-02-17 → 2026-05-15
7 of 7 priced100.00% coverage-2.80%Holdings from Q4 2025 disclosure · accession 0001345471-26-000015 — these holdings should be identical to the manager's portfolio view for that quarter.
2026-02-17 → 2026-05-15
7 of 7 priced100.00% coverage-2.80%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $49.50 | — | $51.72 | $1.58B | $1.65B | +4.48% | 38.05% | +1.7 bps | 1 |
| GE | 4,030,765 | $327.08 | — | $281.53 | $1.32B | $1.13B | -13.93% | 31.16% | -4.3 bps | 1 |
| SOLV | 8,236,753 | $73.73 | — | $74.26 | $607.3M | $611.66M | +0.72% | 16.38% | +0.1 bps | 1 |
| WEN | 30,440,318 | $7.00 | — | $8.02 | $213.08M | $244.13M | +14.57% | 6.36% | +0.9 bps | 1 |
| FERG | 1,086,357 | $259.67 | — | $223.82 | $282.09M | $243.15M | -13.81% | 6.07% | -0.8 bps | 1 |
| IVZ | 2,970,944 | $26.40 | — | $27.12 | $78.43M | $80.57M | +2.73% | 1.96% | +0.1 bps | 1 |
| GEHC | 4,044 | $81.61 | — | $60.76 | $330.03K | $245.71K | -25.55% | 0.01% | -0.0 bps | 1 |
| Top 5 (by entry value)(5) | $4B | $3.88B | -2.91% | |||||||
| Total(7) | $4.08B | $3.96B | -2.80% | |||||||
2025-11-14 → 2026-02-17
7 of 7 priced100.00% coverage+6.88%Holdings from Q3 2025 disclosure · accession 0001345471-25-000051 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-11-14 → 2026-02-17
7 of 7 priced100.00% coverage+6.88%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $43.26 | — | $49.50 | $1.38B | $1.58B | +14.42% | 34.54% | +5.0 bps | 1 |
| GE | 4,030,213 | $304.82 | — | $327.08 | $1.23B | $1.32B | +7.30% | 29.52% | +2.2 bps | 1 |
| SOLV | 8,462,819 | $75.66 | — | $73.73 | $640.3M | $623.96M | -2.55% | 15.04% | -0.4 bps | 1 |
| IVZ | 14,628,455 | $23.52 | — | $26.40 | $344.06M | $386.19M | +12.24% | 8.17% | +1.0 bps | 1 |
| WEN | 30,437,023 | $8.62 | — | $7.00 | $262.37M | $213.06M | -18.79% | 6.79% | -1.3 bps | 1 |
| FERG | 1,086,357 | $242.80 | — | $259.67 | $263.77M | $282.09M | +6.95% | 5.94% | +0.4 bps | 1 |
| GEHC | 4,029 | $73.15 | — | $81.61 | $294.72K | $328.81K | +11.57% | 0.01% | +0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.86B | $4.19B | +8.63% | |||||||
| Total(7) | $4.12B | $4.4B | +6.88% | |||||||
2025-08-14 → 2025-11-14
9 of 9 priced100.00% coverage+2.94%Holdings from Q2 2025 disclosure · accession 0001345471-25-000028 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-08-14 → 2025-11-14
9 of 9 priced100.00% coverage+2.94%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $44.15 | — | $43.26 | $1.41B | $1.38B | -2.02% | 32.82% | -0.7 bps | 1 |
| GE | 4,030,213 | $269.70 | — | $304.82 | $1.09B | $1.23B | +13.02% | 27.50% | +3.6 bps | 1 |
| SOLV | 8,462,819 | $73.20 | — | $75.66 | $619.48M | $640.3M | +3.36% | 17.02% | +0.6 bps | 1 |
| WEN | 30,434,794 | $10.55 | — | $8.62 | $321.09M | $262.35M | -18.29% | 9.21% | -1.7 bps | 1 |
| FERG | 1,086,357 | $228.02 | — | $242.80 | $247.71M | $263.77M | +6.48% | 6.27% | +0.4 bps | 1 |
| IVZ | 14,628,455 | $21.34 | — | $23.52 | $312.17M | $344.06M | +10.22% | 6.12% | +0.6 bps | 1 |
| UHAL | 353,335 | $58.29 | — | $51.53 | $20.6M | $18.21M | -11.60% | 0.57% | -0.1 bps | 1 |
| UHAL-B | 338,031 | $53.53 | — | $47.22 | $18.09M | $15.96M | -11.79% | 0.49% | -0.1 bps | 1 |
| GEHC | 4,029 | $73.66 | — | $73.15 | $296.78K | $294.72K | -0.69% | 0.01% | -0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.75B | $3.85B | +2.86% | |||||||
| Total(9) | $4.03B | $4.15B | +2.94% | |||||||
2025-05-15 → 2025-08-14
9 of 9 priced100.00% coverage+12.74%Holdings from Q1 2025 disclosure · accession 0001345471-25-000018 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-05-15 → 2025-08-14
9 of 9 priced100.00% coverage+12.74%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $38.40 | — | $44.15 | $1.22B | $1.41B | +14.97% | 31.39% | +4.7 bps | 1 |
| GE | 4,030,213 | $229.38 | — | $269.70 | $924.45M | $1.09B | +17.58% | 21.98% | +3.9 bps | 1 |
| SOLV | 8,462,819 | $72.94 | — | $73.20 | $617.28M | $619.48M | +0.36% | 17.53% | +0.1 bps | 1 |
| WEN | 30,423,683 | $11.96 | — | $10.55 | $363.87M | $320.97M | -11.79% | 12.13% | -1.4 bps | 1 |
| IVZ | 23,173,442 | $15.32 | — | $21.34 | $355.02M | $494.52M | +39.30% | 9.58% | +3.8 bps | 1 |
| FERG | 1,008,765 | $181.71 | — | $228.02 | $183.3M | $230.02M | +25.49% | 4.40% | +1.1 bps | 1 |
| UHAL-B | 1,124,700 | $58.35 | — | $53.53 | $65.63M | $60.21M | -8.26% | 1.81% | -0.1 bps | 1 |
| UHAL | 652,000 | $65.54 | — | $58.29 | $42.73M | $38.01M | -11.06% | 1.16% | -0.1 bps | 1 |
| GEHC | 4,029 | $72.91 | — | $73.66 | $293.75K | $296.78K | +1.03% | 0.01% | +0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.48B | $3.93B | +12.76% | |||||||
| Total(9) | $3.78B | $4.26B | +12.74% | |||||||
2025-02-14 → 2025-05-15
9 of 9 priced100.00% coverage-6.60%Holdings from Q4 2024 disclosure · accession 0001345471-25-000009 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-02-14 → 2025-05-15
9 of 9 priced100.00% coverage-6.60%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $44.08 | — | $38.40 | $1.4B | $1.22B | -12.89% | 35.47% | -4.6 bps | 1 |
| GE | 4,030,213 | $208.27 | — | $229.38 | $839.37M | $924.45M | +10.14% | 17.59% | +1.8 bps | 1 |
| SOLV | 8,462,819 | $74.24 | — | $72.94 | $628.28M | $617.28M | -1.75% | 14.63% | -0.3 bps | 1 |
| WEN | 30,525,029 | $14.30 | — | $11.96 | $436.51M | $365.08M | -16.36% | 13.02% | -2.1 bps | 1 |
| IVZ | 23,173,442 | $18.50 | — | $15.32 | $428.71M | $355.02M | -17.19% | 10.60% | -1.8 bps | 1 |
| FERG | 1,237,274 | $184.25 | — | $181.71 | $227.97M | $224.83M | -1.38% | 5.62% | -0.1 bps | 1 |
| UHAL-B | 1,124,700 | $66.41 | — | $58.35 | $74.69M | $65.63M | -12.14% | 1.89% | -0.2 bps | 1 |
| UHAL | 652,000 | $74.26 | — | $65.54 | $48.42M | $42.73M | -11.74% | 1.18% | -0.1 bps | 1 |
| GEHC | 4,029 | $92.21 | — | $72.91 | $371.51K | $293.75K | -20.93% | 0.01% | -0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.74B | $3.49B | -6.74% | |||||||
| Total(9) | $4.09B | $3.82B | -6.60% | |||||||
2024-11-13 → 2025-02-14
9 of 9 priced100.00% coverage-0.30%Holdings from Q3 2024 disclosure · accession 0001345471-24-000040 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-11-13 → 2025-02-14
9 of 9 priced100.00% coverage-0.30%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $44.48 | — | $44.08 | $1.42B | $1.4B | -0.90% | 32.14% | -0.3 bps | 1 |
| GE | 4,030,213 | $183.56 | — | $208.27 | $739.79M | $839.37M | +13.46% | 20.13% | +2.7 bps | 1 |
| WEN | 30,512,595 | $18.42 | — | $14.30 | $562.04M | $436.33M | -22.37% | 14.16% | -3.2 bps | 1 |
| SOLV | 7,126,255 | $70.04 | — | $74.24 | $499.12M | $529.05M | +6.00% | 13.16% | +0.8 bps | 1 |
| IVZ | 23,173,442 | $17.65 | — | $18.50 | $409.01M | $428.71M | +4.82% | 10.78% | +0.5 bps | 1 |
| FERG | 1,270,810 | $205.51 | — | $184.25 | $261.16M | $234.15M | -10.35% | 6.69% | -0.7 bps | 1 |
| UHAL-B | 1,049,055 | $63.50 | — | $66.41 | $66.61M | $69.67M | +4.58% | 2.00% | +0.1 bps | 1 |
| UHAL | 449,595 | $71.17 | — | $74.26 | $32M | $33.39M | +4.34% | 0.92% | +0.0 bps | 1 |
| GEHC | 4,029 | $84.18 | — | $92.21 | $339.16K | $371.51K | +9.54% | 0.01% | +0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.63B | $3.64B | +0.30% | |||||||
| Total(9) | $3.99B | $3.98B | -0.30% | |||||||
2024-08-14 → 2024-11-13
11 of 11 priced100.00% coverage+13.98%Holdings from Q2 2024 disclosure · accession 0001345471-24-000032 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-08-14 → 2024-11-13
11 of 11 priced100.00% coverage+13.98%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $35.02 | — | $44.48 | $1.12B | $1.42B | +27.01% | 28.43% | +7.7 bps | 1 |
| GE | 4,030,213 | $167.95 | — | $183.56 | $676.87M | $739.79M | +9.29% | 16.96% | +1.6 bps | 1 |
| WEN | 31,507,868 | $17.13 | — | $18.42 | $539.73M | $580.37M | +7.53% | 14.14% | +1.1 bps | 1 |
| IVZ | 27,223,734 | $16.48 | — | $17.65 | $448.65M | $480.5M | +7.10% | 10.78% | +0.8 bps | 1 |
| FERG | 1,953,863 | $204.11 | — | $205.51 | $398.8M | $401.54M | +0.69% | 10.01% | +0.1 bps | 1 |
| SOLV | 5,360,579 | $57.78 | — | $70.04 | $309.73M | $375.45M | +21.22% | 7.50% | +1.6 bps | 1 |
| DIS | 2,645,583 | $86.30 | — | $102.72 | $228.31M | $271.75M | +19.03% | 6.95% | +1.3 bps | 1 |
| GEHC | 1,342,833 | $83.47 | — | $84.18 | $112.09M | $113.04M | +0.85% | 2.77% | +0.0 bps | 1 |
| UHAL-B | 909,300 | $63.28 | — | $63.50 | $57.54M | $57.74M | +0.35% | 1.44% | +0.0 bps | 1 |
| UHAL | 389,700 | $67.08 | — | $71.17 | $26.14M | $27.73M | +6.10% | 0.64% | +0.0 bps | 1 |
| RTO | 470,000 | $30.77 | — | $25.83 | $14.46M | $12.14M | -16.05% | 0.37% | -0.1 bps | 1 |
| Top 5 (by entry value)(5) | $3.18B | $3.62B | +13.82% | |||||||
| Total(11) | $3.93B | $4.48B | +13.98% | |||||||
2024-05-15 → 2024-08-14
8 of 8 priced100.00% coverage-8.33%Holdings from Q1 2024 disclosure · accession 0001345471-24-000018 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-05-15 → 2024-08-14
8 of 8 priced100.00% coverage-8.33%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| DIS | 32,337,856 | $102.77 | — | $86.30 | $3.32B | $2.79B | -16.03% | 51.83% | -8.3 bps | 1 |
| JHG | 31,867,800 | $34.79 | — | $35.02 | $1.11B | $1.12B | +0.66% | 13.73% | +0.1 bps | 1 |
| GE | 4,030,213 | $163.47 | — | $167.95 | $658.82M | $676.87M | +2.74% | 9.27% | +0.3 bps | 1 |
| WEN | 31,467,150 | $18.42 | — | $17.13 | $579.62M | $539.03M | -7.00% | 7.77% | -0.5 bps | 1 |
| IVZ | 33,940,096 | $16.31 | — | $16.48 | $553.56M | $559.33M | +1.04% | 7.38% | +0.1 bps | 1 |
| FERG | 2,493,687 | $220.73 | — | $204.11 | $550.43M | $508.99M | -7.53% | 7.13% | -0.5 bps | 1 |
| GEHC | 1,342,833 | $81.91 | — | $83.47 | $109.99M | $112.09M | +1.90% | 1.60% | +0.0 bps | 1 |
| SYY | 1,223,500 | $75.97 | — | $76.01 | $92.95M | $93M | +0.05% | 1.30% | +0.0 bps | 1 |
| Top 5 (by entry value)(5) | $6.22B | $5.68B | -8.71% | |||||||
| Total(8) | $6.98B | $6.4B | -8.33% | |||||||
2024-02-14 → 2024-05-15
8 of 8 priced100.00% coverage+2.16%Holdings from Q4 2023 disclosure · accession 0001345471-24-000011 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-02-14 → 2024-05-15
8 of 8 priced100.00% coverage+2.16%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| DIS | 32,337,856 | $111.56 | — | $102.77 | $3.61B | $3.32B | -7.88% | 44.13% | -3.5 bps | 1 |
| JHG | 31,867,800 | $30.33 | — | $34.79 | $966.55M | $1.11B | +14.70% | 14.52% | +2.1 bps | 1 |
| FERG | 4,190,252 | $193.55 | — | $220.73 | $811.02M | $924.91M | +14.04% | 12.23% | +1.7 bps | 1 |
| WEN | 31,467,150 | $19.28 | — | $18.42 | $606.69M | $579.62M | -4.46% | 9.27% | -0.4 bps | 1 |
| IVZ | 33,940,096 | $15.46 | — | $16.31 | $524.71M | $553.56M | +5.50% | 9.15% | +0.5 bps | 1 |
| GE | 4,030,213 | $116.92 | — | $163.47 | $471.21M | $658.82M | +39.81% | 7.78% | +3.1 bps | 1 |
| GEHC | 1,342,833 | $83.17 | — | $81.91 | $111.68M | $109.99M | -1.51% | 1.57% | -0.0 bps | 1 |
| SYY | 1,223,500 | $79.00 | — | $75.97 | $96.66M | $92.95M | -3.84% | 1.35% | -0.1 bps | 1 |
| Top 5 (by entry value)(5) | $6.52B | $6.49B | -0.41% | |||||||
| Total(8) | $7.2B | $7.35B | +2.16% | |||||||
2023-11-14 → 2024-02-14
8 of 8 priced100.00% coverage+18.56%Holdings from Q3 2023 disclosure · accession 0001345471-23-000146 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-11-14 → 2024-02-14
8 of 8 priced100.00% coverage+18.56%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| DIS | 32,868,307 | $91.07 | — | $111.56 | $2.99B | $3.67B | +22.50% | 43.19% | +9.7 bps | 1 |
| FERG | 5,415,218 | $164.81 | — | $193.55 | $892.48M | $1.05B | +17.44% | 14.44% | +2.5 bps | 1 |
| JHG | 31,867,800 | $25.45 | — | $30.33 | $811.04M | $966.55M | +19.17% | 13.34% | +2.6 bps | 1 |
| WEN | 33,350,743 | $18.89 | — | $19.28 | $630M | $643M | +2.06% | 11.03% | +0.2 bps | 1 |
| IVZ | 33,940,096 | $13.70 | — | $15.46 | $464.98M | $524.71M | +12.85% | 7.99% | +1.0 bps | 1 |
| GE | 4,029,840 | $93.58 | — | $116.92 | $377.09M | $471.17M | +24.95% | 7.22% | +1.8 bps | 1 |
| GEHC | 1,342,830 | $72.21 | — | $83.17 | $96.97M | $111.68M | +15.18% | 1.48% | +0.2 bps | 1 |
| SYY | 1,223,500 | $68.97 | — | $79.00 | $84.38M | $96.66M | +14.54% | 1.31% | +0.2 bps | 1 |
| Top 5 (by entry value)(5) | $5.79B | $6.85B | +18.26% | |||||||
| Total(8) | $6.35B | $7.53B | +18.56% | |||||||
2023-08-15 → 2023-11-14
8 of 8 priced100.00% coverage-2.08%Holdings from Q2 2023 disclosure · accession 0001345471-23-000123 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-08-15 → 2023-11-14
8 of 8 priced100.00% coverage-2.08%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $26.23 | — | $25.45 | $835.89M | $811.04M | -2.97% | 22.38% | -0.7 bps | 1 |
| FERG | 5,494,700 | $160.27 | — | $164.81 | $880.64M | $905.58M | +2.83% | 22.27% | +0.6 bps | 1 |
| DIS | 6,425,050 | $87.06 | — | $91.07 | $559.36M | $585.13M | +4.61% | 14.78% | +0.7 bps | 1 |
| IVZ | 33,940,096 | $15.58 | — | $13.70 | $528.79M | $464.98M | -12.07% | 14.70% | -1.8 bps | 1 |
| WEN | 20,732,628 | $21.42 | — | $18.89 | $444.09M | $391.64M | -11.81% | 11.62% | -1.4 bps | 1 |
| GE | 4,028,998 | $90.86 | — | $93.58 | $366.08M | $377.02M | +2.99% | 11.40% | +0.3 bps | 1 |
| GEHC | 1,342,830 | $70.54 | — | $72.21 | $94.72M | $96.97M | +2.37% | 2.81% | +0.1 bps | 1 |
| MDLZ | 16,530 | $72.28 | — | $70.10 | $1.19M | $1.16M | -3.02% | 0.03% | -0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.25B | $3.16B | -2.78% | |||||||
| Total(8) | $3.71B | $3.63B | -2.08% | |||||||
2023-05-15 → 2023-08-15
8 of 8 priced100.00% coverage+0.93%Holdings from Q1 2023 disclosure · accession 0001345471-23-000084 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-05-15 → 2023-08-15
8 of 8 priced100.00% coverage+0.93%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| JHG | 31,867,800 | $26.19 | — | $26.23 | $834.62M | $835.89M | +0.15% | 22.63% | +0.0 bps | 1 |
| FERG | 5,864,000 | $147.44 | — | $160.27 | $864.59M | $939.82M | +8.70% | 20.91% | +1.8 bps | 1 |
| DIS | 5,916,684 | $92.86 | — | $87.06 | $549.42M | $515.11M | -6.25% | 15.79% | -1.0 bps | 1 |
| IVZ | 33,940,096 | $15.21 | — | $15.58 | $516.23M | $528.79M | +2.43% | 14.84% | +0.4 bps | 1 |
| WEN | 21,705,770 | $23.83 | — | $21.42 | $517.25M | $464.94M | -10.11% | 12.60% | -1.3 bps | 1 |
| GE | 4,028,998 | $81.40 | — | $90.86 | $327.98M | $366.08M | +11.62% | 10.27% | +1.2 bps | 1 |
| GEHC | 1,342,830 | $74.93 | — | $70.54 | $100.62M | $94.72M | -5.86% | 2.94% | -0.2 bps | 1 |
| MDLZ | 16,530 | $77.73 | — | $72.28 | $1.28M | $1.19M | -7.01% | 0.03% | -0.0 bps | 1 |
| Top 5 (by entry value)(5) | $3.28B | $3.28B | +0.07% | |||||||
| Total(8) | $3.71B | $3.75B | +0.93% | |||||||