Activist · CIK 0001345471

Nelson Peltz

Trian Fund Mgmt

Nelson Peltz runs Trian Fund Mgmt, an activist overseeing $3.98B in disclosed equity holdings (SEC CIK 0001345471). The latest portfolio (2025Q4) discloses 7 positions across 3 sectors, with the largest positions in JANUS HENDERSON GROUP PLC, GE and SOLV. On a mark-to-market basis the tracked portfolio has returned 28.6% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Nelson's filings View holdings

Portfolio

$3.98B

Positions

Quarter

2025Q4

Filings tracked

1Y+28.6%3Y+101.9%5Y+64.1%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2025Q4

Sector7 positions

G4474Y214JANUS HENDERSON GROUP PLC

38.05%

of portfolio

Number of shares

31,867,800 sh

Holdings current value

$1.52B

Avg closing price

$35.33

Last action

Added 12.7%

2022Q1

Current —

GEGENERAL ELECTRIC CO

Industrials·Aerospace & Defense

31.16%

of portfolio

Number of shares

4,030,765 sh

Holdings current value

$1.24B

Avg closing price

$103.03

+189.5%

Last action

Added 0.0%

2025Q4

Current $298.29

SOLVSOLVENTUM CORP

Healthcare·Medical Instruments & Supplies

16.38%

of portfolio

Number of shares

8,236,753 sh

Holdings current value

$652.68M

Avg closing price

$58.48

+17.8%

Last action

Trimmed 2.7%

2025Q4

Current $68.88

WENWENDYS CO

Consumer Cyclical·Restaurants

6.36%

of portfolio

Number of shares

30,440,318 sh

Holdings current value

$253.57M

Avg closing price

$14.63

-53.2%

Last action

Added 0.0%

2025Q4

Current $6.85

G3421J106FERGUSON PLC NEW

6.07%

of portfolio

Number of shares

1,086,357 sh

Holdings current value

$241.86M

Avg closing price

$125.70

Last action

Added 7.7%

2025Q2

Current —

G491BT108INVESCO LTD

1.96%

of portfolio

Number of shares

2,970,944 sh

Holdings current value

$78.05M

Avg closing price

$15.82

Last action

Trimmed 79.7%

2025Q4

Current —

GEHCGE HEALTHCARE TECHNOLOGIES I

Healthcare·Medical Devices

0.01%

of portfolio

Number of shares

4,044 sh

Holdings current value

$331.7K

Avg closing price

$82.03

-10.8%

Last action

Added 0.4%

2025Q4

Current $73.20

Portfolio heatmap

Box size = % of portfolio · color = return since filing

JANUS HENDERSON GROUP PLC

38.05%

FERGUSON PLC NEW

6.07%

INVESCO LTD

1.96%

GEHC

0.01% · -10.8%

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Industrials1 pos$1.24B57.8%
Healthcare2 pos$653.0M30.4%
Consumer Cyclical1 pos$253.6M11.8%

(46.1% unclassified, excluded from %)