Nelson Peltz – Trian Fund Management, L.P.

Period:
Q1 2026
Portfolio date:
Mar 31, 2026
No. of stocks:
8
Portfolio value:
$3,859,779,000
Filed:
May 15, 2026
Style:
Activist Investor
HistStockActivityShare change% change to portfolio
Q1 2026filed May 15, 261 new
MICCMagnum Ice Cream Co NVBuy241,0420.09
Q4 2025filed Feb 17, 261 reduced
IVZInvesco Ltd.Reduce 80.00%−11,657,5116.21
Q3 2025filed Nov 14, 253 exited
UHALU-Haul Holding CompanySell−353,3350.56
ALLThe Allstate CorporationSell−99,9550.53
UHALU-Haul Holding Company - BSell−338,0310.48
Q2 2025filed Aug 14, 251 added4 reduced
IVZInvesco Ltd.Reduce 37.00%−8,544,9873.33
FERGFerguson Plc NewAdd 8.00%77,5921.91
UHALU-Haul Holding Company - BReduce 70.00%−786,6691.30
ALLThe Allstate CorporationReduce 69.00%−217,6951.23
UHALU-Haul Holding CompanyReduce 46.00%−298,6650.58
Q1 2025filed May 15, 2511 new
JHGJanus Henderson Group plcBuy31,867,80030.84
GEGE AerospaceBuy4,030,21321.59
SOLVSolventum CorporationBuy8,462,81917.23
IVZInvesco Ltd.Buy23,173,4429.41
WENWendys Co.Buy15,480,2176.06
WENWendys Co.Buy14,943,4665.85
FERGFerguson Plc NewBuy1,008,7654.33
UHALU-Haul Holding Company - BBuy1,124,7001.78
ALLThe Allstate CorporationBuy317,6501.76
UHALU-Haul Holding CompanyBuy652,0001.14
GEHCGE HealthCare Technologies Inc.Buy4,0290.01
Q4 2024filed Feb 14, 2510 exited
JHGJanus Henderson Group plcSell−31,867,80034.93
GEGeneral Electric Co.Sell−4,030,21317.32
SOLVSolventum CorporationSell−8,462,81914.41
IVZInvesco Ltd.Sell−23,173,44210.44
WENWendys Co.Sell−15,581,5636.54
FERGFerguson Plc NewSell−1,237,2745.53
UHALU-Haul Holding Company - BSell−1,124,7001.86
ALLThe Allstate CorporationSell−306,7221.52
UHALU-Haul Holding CompanySell−652,0001.16
GEHCGE HealthCare Technologies Inc.Sell−4,0290.01
Q4 2024filed Feb 14, 253 added1 reduced
SOLVSolventum CorporationAdd 19.00%1,336,5641.64
ALLThe Allstate CorporationReduce 50.00%−306,7251.47
UHALU-Haul Holding CompanyAdd 45.00%202,4050.27
UHALU-Haul Holding Company - BAdd 7.00%75,6450.08
Q3 2024filed Nov 13, 243 added3 reduced2 exited
DISThe Walt Disney CompanySell−2,645,5836.41
SOLVSolventum CorporationAdd 33.00%1,765,6765.85
ALLThe Allstate CorporationReduce 70.00%−1,400,0614.85
GEHCGE HealthCare Technologies Inc.Reduce 100.00%−1,338,8042.54
UHALU-Haul Holding Company - BAdd 15.00%139,7550.61
IVZInvesco Ltd.Reduce 15.00%−4,050,2920.52
RTORentokil Initial plcSell−470,0000.34
UHALU-Haul Holding CompanyAdd 15.00%59,8950.31
Q2 2024filed Aug 14, 244 new1 added4 reduced1 exited
DISThe Walt Disney CompanyReduce 90.00%−22,923,47632.60
SOLVSolventum CorporationBuy5,360,5796.91
ALLThe Allstate CorporationReduce 10.00%−223,7613.02
IVZInvesco Ltd.Reduce 20.00%−6,716,3622.91
FERGFerguson Plc NewAdd 9.00%106,2102.86
UHALU-Haul Holding Company - BBuy909,3001.33
SYYSysco CorporationSell−1,223,5001.24
UHALU-Haul Holding CompanyBuy389,7000.59
RTORentokil Initial plcBuy470,0000.34
FERGFerguson Plc NewReduce 43.00%−509,2470.05
Q1 2024filed May 15, 241 added2 reduced
DISThe Walt Disney CompanyReduce 74.00%−18,800,26222.62
ALLThe Allstate CorporationReduce 20.00%−555,8290.75
FERGFerguson Plc NewAdd 12.00%136,7870.33