1y return+26.7%S&P 500 +20.9%
3y return+67.1%S&P 500 +68.5%
5y return+50.2%S&P 500 +74.5%
10y return+126.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $226 against $357 in the S&P 500.2
Trian Fund Management, L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GEGE Aerospace | $1.5B | 35.6% | |
| Janus Henderson Group plcCUSIP G4474Y214 | $1.3B | 31.5% | −19.5% |
| SOLVSolventum Corporation | $635.5M | 15.0% | |
| Ferguson Plc NewCUSIP G3421J106 | $257.8M | 6.1% | |
| WENWendys Co. | $252.6M | 6.0% | |
| GEHCGE HealthCare Technologies Inc. | $197.5M | 4.7% | +76194.4% |
| Invesco Ltd.CUSIP G491BT108 | $42.9M | 1.0% | −45.3% |
| Magnum Ice Cream Co NVCUSIP N5505D105 | $4.2M | 0.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GEGE Aerospace | September 30, 2021 | +262.7% | $1.5B |
| Invesco Ltd.CUSIP G491BT108 | June 30, 2020 | +145.3% | $42.9M |
| Ferguson Plc NewCUSIP G3421J106 | March 31, 2021 | +91.6% | $257.8M |
| SOLVSolventum Corporation | June 30, 2024 | +45.9% | $635.5M |
| Janus Henderson Group plcCUSIP G4474Y214 | December 31, 2021 | +23.9% | $1.3B |
| Magnum Ice Cream Co NVCUSIP N5505D105 | March 31, 2026 | +16.5% | $4.2M |
| GEHCGE HealthCare Technologies Inc. | March 31, 2023 | −22.0% | $197.5M |
| WENWendys Co. | June 30, 2020 | −61.9% | $252.6M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +13.5% | +14.8% |
| March 31, 2026 | −3.2% | −4.6% |
| December 31, 2025 | +4.9% | +2.4% |
| September 30, 2025 | +9.9% | +7.8% |
| June 30, 2025 | +7.6% | +10.5% |
| March 31, 2025 | −3.0% | −4.6% |
| December 31, 2024 | −1.5% | +2.1% |
| September 30, 2024 | +13.0% | +5.4% |
| June 30, 2024 | −12.7% | +4.0% |
| March 31, 2024 | +21.1% | +10.0% |
| December 31, 2023 | +12.5% | +11.2% |
| September 30, 2023 | −4.6% | −3.6% |
| June 30, 2023 | +4.3% | +8.3% |
| March 31, 2023 | +4.8% | +7.0% |
| December 31, 2022 | +22.1% | +7.1% |
| September 30, 2022 | −10.4% | −5.3% |
| June 30, 2022 | −20.1% | −16.5% |
| March 31, 2022 | −10.9% | −4.9% |
| December 31, 2021 | +8.1% | +10.7% |
| September 30, 2021 | −2.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Trian Fund Management, L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1345471&type=13F-HR&dateb=&owner=include&count=40CIK 1345471
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1345471/000134547126000035/Filed August 12, 2026 · accession 0001345471-26-000035