Archive · 29 Sep 2026
Nelson Peltz Shifts $4.2 Billion Trian Portfolio in Q2
Nelson Peltz’s investment firm, Trian Fund Management, owns parts of eight companies.
Together, these investments were worth about $4.23 billion on June 30, 2026.
GE Aerospace was the largest investment, making up more than one-third of the portfolio.
Janus Henderson and Solventum were the next-largest holdings.
Trian made its biggest move by buying many more shares of GE HealthCare.
It also bought a very small number of additional Wendy’s shares.
At the same time, Trian sold some shares of Janus Henderson and Invesco.
It did not completely sell any of its eight holdings or add a brand-new company.
Most of the portfolio remained concentrated in three companies.
Trian Fund Management ended the second quarter with eight disclosed stocks worth about $4.23 billion.
GE Aerospace remained the largest holding, valued at about $1.51 billion and representing 35.61% of the portfolio.
Trian increased its GE HealthCare stake from 4,044 shares to 3,085,344 shares, worth about $197.5 million.
The firm cut Janus Henderson by 19.50% and Invesco by 45.29% during the quarter.
Trian made a small addition to Wendy’s while leaving Solventum, Ferguson Enterprises and Magnum Ice Cream unchanged.
- Who
- Nelson Peltz and his investment firm, Trian Fund Management.
- What
- Trian adjusted several stock holdings while retaining eight disclosed investments worth about $4.23 billion.
- When
- The changes reflect the second quarter of 2026, with holdings reported as of June 30, 2026.
- Where
- The portfolio consisted of publicly traded companies, including GE Aerospace, Janus Henderson Group, Solventum and others.
- Why
- Trian increased exposure to GE HealthCare and reduced exposure to Janus Henderson Group and Invesco.
- Portfolio value
- Approximately $4.23 billion as of June 30, 2026
- Number of holdings
- Eight disclosed stocks
- Largest holding
- GE Aerospace, valued at about $1.51 billion, or 35.61% of the portfolio
- Largest increase
- GE HealthCare rose from 4,044 shares to 3,085,344 shares
- Janus Henderson reduction
- 6,213,418 shares, or 19.50%
- Invesco reduction
- 1,345,472 shares, or 45.29%
- Unchanged holdings
- Solventum, Ferguson Enterprises and Magnum Ice Cream