TRIAN FUND MANAGEMENT, L.P.

NEW YORK, NY · CIK 0001345471

Portfolio Value: $6.76B

Positions: 8

Period: 2020-12-31

Filed: 2021-02-12

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024

New positions

Added to

Trimmed

Exited

TRIAN FUND MANAGEMENT, L.P. Q4 2020 13F Filing Summary

TRIAN FUND MANAGEMENT, L.P. (NEW YORK, NY) reported a portfolio value of $6.76B across 8 positions in their Q4 2020 SEC 13F filing (period ending 2020-12-31). The top 10 positions account for 100.0% of the portfolio.

Top holdings: SYY$1.53B·PG$1.37B·CMCSA$1.04B·MDLZ$715.76M·IVZ$640.37M

2 increased3 reduced1 exits

Holdings Heatmap

SYY22.6% · $1.53B-15.5%PG20.2% · $1.37B-3.0%CMCSA15.4% · $1.04B+27.1%MDLZ10.6%IVZ9.5%WEN8.6%

G4474Y7.9% · $532.08M-7.4%GE5.1% · $347.70M+0.0%

Top 8 holdings by portfolio weight. Block width = holding percentage. Green = new/increased, red = reduced, gray = unchanged.

Largest Trades This Quarter

Largest Adds2

Largest Reductions3

Janus Henderson Group plc

$532.08M

-7.4%

Procter and Gamble Co.

Exits1

All Holdings

#	Stock	Value↓	Shares	Weight	Change
1	SYYSysco Corp.	$1.53B	20,603,608	22.64%	-15.5%
2	PGProcter and Gamble Co.	$1.37B	9,823,724	20.23%	-3.0%
3	CMCSAComcast Class A Ord	$1.04B	19,857,892	15.40%	+27.1%
4	MDLZMondelez Intl Inc.	$715.76M	12,241,559	10.59%	-
5	IVZInvesco Ltd.	$640.37M	36,739,343	9.48%	-
6	WENWendys Co.	$583.74M	26,630,629	8.64%	-
7	Janus Henderson Group plc	$532.08M	16,366,612	7.87%	-7.4%
8	GEGeneral Electric Co.	$347.70M	32,194,599	5.15%	+0.0%

Position Changes

Stock	Value	Shares	Share Chg	% Chg
CMCSAComcast Class A Ord	$1.04B	19,857,892	+4.23M	+27.1%
GEGeneral Electric Co.	$347.70M	32,194,599	+11.4K	+0.0%

Get the weekly smart-money digest

One weekly email with notable insider buys, sells and congressional disclosures. Unsubscribe anytime.