Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of December 31, 2025. Trian increased its stake in three holdings, including by size of previous position, General Electric Aerospace (GE), GE Healthcare (GEHC), and Wendy’s (WEN). Trian reduced its stake in two holdings, including by size of previous position, Invesco (IVZ) and Solventum (SOLV). Trian’s top holdings as of December 31, 2025, in order of size, were Janus Henderson (JHG), General Electric Aerospace, Solventum, Wendy’s, and Ferguson (FERG).
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