Nelson Peltz - Trian Partners
Nelson Peltz co-founded Trian Partners and is a veteran activist investor known for board fights and operational turnarounds at large consumer and industrial companies.
Nelson Peltz - Trian Partners manages a $3B U.S. equity portfolio of 8 positions, based on the latest SEC Form 13F-HR filing (Q1 2026). Below you'll find every holding, the biggest quarter-over-quarter buys and sells, position weights, and an estimated average buy price.
Portfolio Value
$3B
Positions
8
Top 10 Weight
100.00%
Largest Position
42.41%
As of
Q1 2026
Filed
May 15, 2026
Portfolio Composition
Strategy Snapshot
- › Portfolio value fell 3.1% quarter-over-quarter to $3B.
- › Highly concentrated portfolio — the top 10 holdings make up 100.0% of assets.
- › This quarter: 1 new buys, 1 adds, 0 trims, 0 full exits — net buyer
- › Biggest new buy: MAGNUM ICE CREAM CO NV ADR ($3M)
Changes since Q4 2025
Current Holdings
| # | Security | Value | % of Portfolio | Avg Buy Price | Price | Gain | vs 52W High | This Qtr | Last Activity | First Buy |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | JANUS HENDERSON GROUP PLC JHG | $1B | 42.41% | ~$33.71 | $51.75 | +53.5% | −3.7% | UNCH | Bought Q2 2024 | Q2 2024 |
| 2 | GE AEROSPACE GE | $1B | 29.63% | ~$158.99 | $357.03 | +124.6% | −1.5% | UNCH | Bought Q4 2025 | Q2 2024 |
| 3 | SOLVENTUM CORP SOLV | $537M | 13.93% | ~$58.48 | $74.56 | +27.5% | −15.5% | UNCH | Sold Q4 2025 | Q2 2024 |
| 4 | FERGUSON PLC NEW FERG | $253M | 6.57% | ~$195.37 | $229.62 | +17.5% | −15.5% | UNCH | Bought Q2 2025 | Q2 2024 |
| 5 | WENDYS CO WEN | $211M | 5.48% | ~$16.95 | $6.95 | −59.0% | −44.4% | +0.0% | Bought Q1 2026 | Q2 2024 |
| 6 | INVESCO LTD IVZ | $72M | 1.87% | ~$14.96 | $28.79 | +92.4% | −3.5% | UNCH | Sold Q4 2025 | Q2 2024 |
| 7 | MAGNUM ICE CREAM CO NV ADR | $3M | 0.09% | ~$14.95 | — | — | — | NEW | Bought Q1 2026 | Q1 2026 |
| 8 | GE HEALTHCARE TECHNOLOGIES I GEHC | $287K | 0.01% | ~$77.94 | $61.15 | −21.5% | −31.9% | UNCH | Bought Q4 2025 | Q2 2024 |
Filing History
| Period | Portfolio Value | QoQ Change | Positions | Filed |
|---|---|---|---|---|
| Q1 2026 | $3B | −3.1% | 8 | May 15, 2026 |
| Q4 2025 | $3B | −3.0% | 7 | Feb 17, 2026 |
| Q3 2025 | $4B | +8.3% | 7 | Nov 14, 2025 |
| Q2 2025 | $3B | +1.5% | 10 | Aug 14, 2025 |
| Q1 2025 | $3B | −3.7% | 10 | May 15, 2025 |
| Q4 2024 | $3B | −0.3% | 10 | Feb 14, 2025 |
| Q3 2024 | $3B | −5.1% | 10 | Nov 13, 2024 |
| Q2 2024 | $4B | — | 12 | Aug 14, 2024 |
Frequently Asked Questions
What stocks does Nelson Peltz - Trian Partners own?
As of Q1 2026, Nelson Peltz - Trian Partners held 8 U.S.-listed positions worth $3B. The largest is JANUS HENDERSON GROUP PLC (JHG) (42.41% of the portfolio). The full holdings list is in the table above.
What is Nelson Peltz - Trian Partners's largest holding?
JANUS HENDERSON GROUP PLC (JHG) — about 42.41% of the equity portfolio as of Q1 2026.
What did Nelson Peltz - Trian Partners buy recently?
Their biggest new position last quarter was MAGNUM ICE CREAM CO NV ADR ($3M).
Do these holdings reflect Nelson Peltz - Trian Partners's current portfolio?
They reflect the latest 13F filing (Q1 2026), which can lag actual trades by up to 45 days and excludes short positions, cash, and non-U.S. holdings.