TRIAN FUND MANAGEMENT, L.P.

NEW YORK, NY · CIK 0001345471

Portfolio Value: $3.88B

Positions: 8

Period: 2023-06-30

Filed: 2023-08-14

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. Q2 2023 13F Filing Summary

TRIAN FUND MANAGEMENT, L.P. (NEW YORK, NY) reported a portfolio value of $3.88B across 8 positions in their Q2 2023 SEC 13F filing (period ending 2023-06-30). The top 10 positions account for 100.0% of the portfolio.

Top holdings: JHG$868.40M·Ferguson Plc New$864.37M·DIS$573.63M·IVZ$570.53M·WEN$450.93M

Holdings Heatmap

JHG22.4% · $868.40M G3421J22.3% · $864.37M-6.3%DIS14.8% · $573.63M+8.6%IVZ14.7% · $570.53M WEN11.6%-4.5%GE11.4%

GEHC2.8% · $109.09M MDLZ0.0%

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

Largest Trades This Quarter

Largest Adds1

DIS

The Walt Disney Company

Largest Reductions2

All Holdings

#	Stock	Value↓	Shares	Weight	Change
1	JHGJanus Henderson Group plc	$868.40M	31,867,800	22.38%	-
2	Ferguson Plc New	$864.37M	5,494,700	22.27%	-6.3%
3	DISThe Walt Disney Company	$573.63M	6,425,050	14.78%	+8.6%
4	IVZInvesco Ltd.	$570.53M	33,940,096	14.70%	-
5	WENWendys Co.	$450.93M	20,732,628	11.62%	-4.5%
6	GEGeneral Electric Co.	$442.59M	4,028,998	11.40%	-
7	GEHCGE HealthCare Technologies Inc.	$109.09M	1,342,830	2.81%	-
8	MDLZMondelez Intl Inc.	$1.21M	16,530	0.03%	-

Position Changes

Stock	Value	Shares	Share Chg	% Chg
DISThe Walt Disney Company	$573.63M	6,425,050	+508.4K	+8.6%

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