Nelson Peltz - Trian Fund Management 13F Activity & Position Changes (Q2 2025)

As of Jun 30, 2025, the Trian Fund Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys - None reported

Increases - Ferguson, Wendy's Company (The)

Reductions - Allstate, Invesco, U-Haul Holding Company, U-Haul Holding Company Series N

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2025	ALL Allstate	Allstate	Sell	-217,695	-68.5%	$20.12M	99,955
Q2 2025	FERG Ferguson	Ferguson	Buy	+77,592	+7.7%	$236.55M	1,086,357
Q2 2025	IVZ Invesco	Invesco	Sell	-8,544,987	-36.9%	$230.69M	14,628,455
Q2 2025	UHAL U-Haul Holding Company	U-Haul Holding Company	Sell	-298,665	-45.8%	$21.40M	353,335
Q2 2025	UHAL-B U-Haul Holding Company Series N	U-Haul Holding Company Series N	Sell	-786,669	-69.9%	$18.38M	338,031
Q2 2025	WEN Wendy's Company (The)	Wendy's Company (The)	Buy	+11,111	+0.0%	$347.57M	30,434,794