Trian boosts stakes in Solventum, U-Haul and Wendy’s, cuts Allstate stake

Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of December 31, 2024. Trian increased its stake in a number of holdings, including by size of previous position, Solventum (SOLV), U-Haul (UHAL), and Wendy’s (WEN). Trian reduced its stake in two holdings, including by size of previous position, Allstate (ALL) and Ferguson (FERG). Trian’s top holdings as of December 31, 2024, in order of size, were Janus Henderson (JHG), GE Aerospace (GE), Solventum, Wendy’s and Invesco (IVZ).