---
name: Copy Trian Fund Management
kind: hedgecopy-fund
cik: 0001345471
latest_13f_period: 2026-06-30
latest_13f_filed: 2026-08-12
author: HedgeCopy
---

# Copy Trian Fund Management (13F follow-the-filing)

Trian Fund Management files a 13F-HR with the SEC each quarter (CIK 0001345471). This skill describes a
long-only copy portfolio built from that filing, bought the trading day after it is filed.

## Track record (estimated from 13F holdings, net of 10 bps per unit of turnover)
- Annualised return copying the filings, last 3 years (headline): +12.5% vs SPY +22.9% (alpha -10.4%/yr)
- Annualised since the series started (2022-08-19 to 2026-10-09): +8.4% vs SPY +17.3%
- Follow-the-filing TTM: +2.8% vs SPY +16.2% (alpha -13.4%)
- Quarters of history: 17; average coverage 52%; flags: low_coverage

## Latest disclosed top holdings (2026-06-30)
| # | Ticker | Issuer | Weight |
|---|---|---|---|
| 1 | GE | GE Aerospace | 35.6% |
| 2 | — | Janus Henderson Group plc | 31.5% |
| 3 | SOLV | Solventum Corporation | 15.0% |
| 4 | — | Ferguson Plc New | 6.1% |
| 5 | WEN | Wendys Co. | 6.0% |
| 6 | GEHC | GE HealthCare Technologies Inc. | 4.7% |
| 7 | — | Invesco Ltd. | 1.0% |
| 8 | — | Magnum Ice Cream Co NV | 0.1% |

## About the fund

Trian Fund Management, L.P., operating as Trian Partners, is an American alternative investment management firm that focuses on concentrated, activist investments in public companies. The firm seeks to enhance shareholder value by working constructively with management and boards to drive operational and strategic improvements.

- Strategy: Activist, concentrated engaged ownership
- Type: Activist
- Founders: Nelson Peltz, Peter May, Ed Garden
- Key people: Nelson Peltz (CEO and Founding Partner); Peter May (President and Founding Partner); Joshua D. Frank (Co-Chief Investment Officer); Anne Tarbell (Head of Communications)
- Founded 2005 · HQ New York City, United States
- Reported AUM: $10.4bn (as of 2026-07-31)
- Website: https://trianpartners.com/

### Approach
Trian invests in a concentrated portfolio of undervalued and underperforming public companies, typically in the consumer, industrial, and financial sectors. The firm works constructively with management and boards to enhance long-term shareholder value through operational and strategic initiatives, focusing on driving earnings growth rather than financial engineering. It often takes an active role, including board representation, to implement changes.

### History
Trian was founded in 2005 by Nelson Peltz, Peter May, and Ed Garden. The firm has established a reputation as an activist investor, often obtaining board seats at major corporations to drive operational and strategic changes. In 2023, co-founder Ed Garden stepped down as Chief Investment Officer but remained a senior advisor.

### Notable positions / campaigns
- Heinz (2006): Proxy fight to appoint directors to the board.
- Ingersoll Rand (2012): Spearheaded a move to break up the company to improve profitability.
- Procter & Gamble (2017): Pushed for cost-cutting and strategic changes; Peltz joined the board.
- General Electric (2015): Acquired a stake and pushed for operational improvements.
- Disney (2023): Launched proxy fights seeking board seats and strategic changes.

_Profile generated 2026-10-09 from public sources; may be incomplete or out of date._

## Rules
- Hold the top 20 long US-equity positions from the latest 13F-HR, weighted as reported.
- Rebalance on the first trading day after each new 13F-HR is filed. Cash only, paper only.

## Parameters
```json
{
  "params": {
    "funds": [
      "0001345471"
    ],
    "top_n": 20,
    "weighting": "13f",
    "rebalance": "filing_plus_1",
    "budget_usd": 10000,
    "stop_loss_pct": null,
    "cash_only": true
  }
}
```

> Estimated from 13F holdings (long US equities only; no shorts, options, cash or fees). Past performance is not a guide to the future. Not investment advice. Paper trading only.