Nelson Peltz
Trian Fund Management
Co-founder of Trian, an activist investor in large consumer and industrial companies who often seeks board seats.
13F portfolio value
Q2 2026
$4.23B
1-year growth
+11.6%
2-year growth
+3.2%
Positions
8
Top 10 share
100.0%
Quarterly turnover
4.7%
Last filed
Aug 12, 2026
Q2 2026: summary
MakklerAI- Trian’s 13F portfolio reached $4.2B across 8 positions; its top 10 holdings represented 100% of the portfolio.
- Janus Henderson was cut 19.5% to $1.3B and a 31.5% weight, down from 42.4% last quarter.
- GEHC shares rose 76,194.4% to $197M (4.7% of the portfolio), while IVZ was reduced 45.3% to $43M (1.0%).
- GE’s portfolio weight climbed to 35.6% from 29.6% last quarter; GE and Janus Henderson together accounted for 67.1%.
Portfolio value (13F)
$4.10BQ2 2024
$3.89BQ3 2024
$3.88BQ4 2024
$3.74BQ1 2025
$3.79BQ2 2025
$4.11BQ3 2025
$3.98BQ4 2025
$3.86BQ1 2026
$4.23BQ2 2026
| Quarter | Value | Positions | New | Added | Trimmed | Sold | Quarterly turnover |
|---|---|---|---|---|---|---|---|
| Q2 2026 | $4.23B | 8 | 0 | 1 | 2 | 0 | 4.7% |
| Q1 2026 | $3.86B | 8 | 1 | 0 | 0 | 0 | 0.0% |
| Q4 2025 | $3.98B | 7 | 0 | 0 | 2 | 0 | 0.0% |
| Q3 2025 | $4.11B | 7 | 0 | 0 | 0 | 3 | 0.0% |
| Q2 2025 | $3.79B | 10 | 0 | 1 | 4 | 0 | 0.4% |
| Q1 2025 | $3.74B | 10 | 0 | 1 | 1 | 0 | <0.1% |
| Q4 2024 | $3.88B | 10 | 0 | 3 | 2 | 0 | 1.7% |
| Q3 2024 | $3.89B | 10 | 0 | 3 | 5 | 2 | 3.5% |
| Q2 2024 | $4.10B | 12 | — | — | — | — | — |
Weight of the largest positions
The latest quarter's 10 largest positions, with their weights in earlier quarters.
| Stock | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|---|
| GE | 15.6% | 19.5% | 17.3% | 21.6% | 27.4% | 29.5% | 31.2% | 29.6% | 35.6% |
| Janus Henderson Group Plc | 26.2% | 31.2% | 34.9% | 30.8% | 32.6% | 34.5% | 38.1% | 42.4% | 31.5% |
| SOLV | 6.9% | 12.8% | 14.4% | 17.2% | 16.9% | 15.0% | 16.4% | 13.9% | 15.0% |
| Ferguson Plc New | 9.2% | 6.5% | 5.5% | 4.3% | 6.2% | 5.9% | 6.1% | 6.6% | 6.1% |
| WEN | 13.0% | 13.7% | 12.8% | 11.9% | 9.2% | 6.8% | 6.4% | 5.5% | 6.0% |
| GEHC | 2.6% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | 4.7% |
| IVZ | 9.9% | 10.5% | 10.4% | 9.4% | 6.1% | 8.2% | 2.0% | 1.9% | 1.0% |
| Magnum Ice Cream Co Nv | — | — | — | — | — | — | — | <0.1% | <0.1% |
MakklerAI
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