Nelson Peltz’s portfolio: Trian Fund Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001345471Latest: Q2 2026
Q4 2021 filing in brief
In its Q4 2021 13F, filed February 11, 2022, Trian Fund Management reported $7.5B across 9 US positions. The largest: Ferguson Plc New (27.1%), Janus Henderson Group plc (15.9%), Invesco Ltd. (15.8%), SYY (13.5%), CMCSA (13.5%). In the quarter it opened 1 position, sold out of 1, added to 1 and trimmed 4; positions opened and sold out came to 27.9% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed Feb 11, 2022
- 1 New
- 1 Added
- 4 Trimmed
- 1 Exited
9 positions at December 31, 2021. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | — | Ferguson Plc New | $2.0B | 11.4M | 27.11% | −10.5% | Trimmed |
| 2 | — | Janus Henderson Group plc | $1.2B | 28.3M | 15.90% | — | New |
| 3 | — | Invesco Ltd. | $1.2B | 45.5M | 15.85% | +23.7% | Added |
| 4 | SYY | Sysco Corp. | $1.0B | 12.9M | 13.54% | −4.0% | Trimmed |
| 5 | CMCSA | Comcast Corp. New | $1.0B | 20.0M | 13.49% | 0.0% | Held |
| 6 | WEN | Wendys Co. | $604M | 25.3M | 8.10% | 0.0% | Held |
| 7 | GE | General Electric Co. | $380M | 4.0M | 5.10% | 0.0% | Held |
| 8 | PG | Procter and Gamble Co. | $39M | 237.4K | 0.52% | −95.5% | Trimmed |
| 9 | MDLZ | Mondelez Intl Inc. | $30M | 450.2K | 0.40% | −94.4% | Trimmed |
1 exited position
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| — | Janus Henderson Group plc | $980M | 23.7M |
Every quarter on file (53)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.