Nelson Peltz’s Trian Fund Management disclosed in an SEC filing its holdings as of March 31, 2025. The fund increased its stake in Allstate (ALL) in the first quarter. Trian reduced its stake in two positions, namely Ferguson (FERG) and Wendy’s (WEN). The fund’s top holdings as of March 31, in order of size, were Janus Henderson (JHG), GE Aerospace (GE), Solventum (SOLV), Wendy’s, and Invesco (IVZ).
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