TRIAN FUND MANAGEMENT, L.P.

NEW YORK, NY · CIK 0001345471

Portfolio Value: $3.87B

Positions: 8

Period: 2022-12-31

Filed: 2023-02-14

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 2022 13F Filing Summary

TRIAN FUND MANAGEMENT, L.P. (NEW YORK, NY) reported a portfolio value of $3.87B across 8 positions in their Q4 2022 SEC 13F filing (period ending 2022-12-31). The top 10 positions account for 100.0% of the portfolio.

Top holdings: Ferguson Plc New$1.42B·DIS$784.51M·JHG$749.53M·WEN$573.29M·GE$337.55M

+1 new1 increased1 reduced1 exits

Holdings Heatmap

G3421J36.8% · $1.42B DIS20.3% · $784.51MNew JHG19.4% · $749.53M WEN14.8%GE8.7%+0.0%

MDLZ0.0% · $1.08M IVZ0.0% · $1.00M SYY0.0%-99.9%

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

Largest Trades This Quarter

New Positions1

DIS

The Walt Disney Company

Largest Adds1

Largest Reductions1

Exits1

Procter and Gamble Co.

Sold

All Holdings

#	Stock	Value↓	Shares	Weight	Change
1	Ferguson Plc New	$1.42B	11,218,181	36.79%	-
2	DISThe Walt Disney Company	$784.51M	9,029,800	20.26%	New
3	JHGJanus Henderson Group plc	$749.53M	31,867,800	19.36%	-
4	WENWendys Co.	$573.29M	25,333,339	14.81%	-
5	GEGeneral Electric Co.	$337.55M	4,028,491	8.72%	+0.0%
6	MDLZMondelez Intl Inc.	$1.08M	16,239	0.03%	-
7	IVZInvesco Ltd.	$1.00M	55,758,634	0.03%	-
8	SYYSysco Corp.	$347.00K	4,540	0.01%	-99.9%

Position Changes

Stock	Value	Shares
DISThe Walt Disney Company	$784.51M	9,029,800

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