Nelson Peltz's Trian Fund Portfolio Concentration as of March 31, 2026

Nelson Peltz's Trian Fund Management, as of March 31, 2026, held a portfolio with a total value of approximately $3.86 billion. The fund's holdings showed significant concentration, with a few stocks accounting for the majority of its assets.

The largest position was in GE Aerospace (GE), representing about 29.63% of the total portfolio. The fund held 4,030,765 shares of this industrial sector stock. Compared to the previous period, the fund slightly increased its share count by 552 shares, a negligible change of 0.01%.

Another substantial holding was Solventum Corporation (SOLV), making up 13.93% of the portfolio. The fund owned 8,236,753 shares of this Healthcare company. There was a notable decrease in shares held, reducing by 226,066 shares (-2.67%) from the prior period.

Wendy's Co. (WEN) was the third-largest holding, comprising 5.48% of the portfolio. The fund held 30,446,022 shares of this Consumer Cyclical stock. The position saw a slight increase in shares (+8,999 shares) and value, with a minimal change of +0.03%.

The fourth-largest position was Invesco Ltd. (IVZ), accounting for 1.87% of the portfolio. The fund held 2,970,944 shares of this company. This position experienced a significant reduction, with shares decreasing by 11,657,511 (-79.69%) compared to the previous period.

The smallest position was in GE HealthCare Technologies Inc. (GEHC), representing just 0.01% of the portfolio. The fund held a minimal 4,044 shares of this Healthcare stock. The position saw a small increase in shares (+15 shares) and value, with a modest change of +0.37%.

Overall, the portfolio maintained a concentrated profile, heavily weighted towards a few large-cap stocks. For more information on Nelson Peltz, visit Trian Fund Management. Detailed information on the individual stocks can be found at GE, SOLV, WEN, IVZ, and GEHC.