Trian Fund Management, L.P. 13F annual report
Trian Fund Management, L.P. is an investment fund managing more than $4.1 trillion ran by Peter May. There are currently 12 companies in Mr. May’s portfolio. The largest investments include Janus Henderson plc and General Electric Co., together worth $1.71 trillion.
$4.1 trillion Assets Under Management (AUM)
As of 7th August 2024, Trian Fund Management, L.P.’s top holding is 31,867,800 shares of Janus Henderson plc currently worth over $1.07 trillion and making up 26.2% of the portfolio value.
Relative to the number of outstanding shares of Janus Henderson plc, Trian Fund Management, L.P. owns more than 0.2% of the company.
In addition, the fund holds 4,030,213 shares of General Electric Co. worth $641 billion.
The third-largest holding is Wendys Co. worth $534 billion and the next is Invesco Ltd worth $407 billion, with 27,223,734 shares owned.
Currently, Trian Fund Management, L.P.'s portfolio is worth at least $4.1 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Trian Fund Management, L.P.
The Trian Fund Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Peter May serves as the Member of its General Partner at Trian Fund Management, L.P..
Recent trades
In the most recent 13F filing, Trian Fund Management, L.P. revealed that it had opened a new position in
Solventum Corporation and bought 5,360,579 shares worth $283 billion.
The investment fund also strengthened its position in Wendys Co. by buying
40,718 additional shares.
This makes their stake in Wendys Co. total 31,507,868 shares worth $534 billion.
On the other hand, there are companies that Trian Fund Management, L.P. is getting rid of from its portfolio.
Trian Fund Management, L.P. closed its position in Sysco on 14th August 2024.
It sold the previously owned 1,223,500 shares for $99.3 billion.
Peter May also disclosed a decreased stake in Invesco Ltd by 0.2%.
This leaves the value of the investment at $407 billion and 27,223,734 shares.
One of the largest hedge funds
The two most similar investment funds to Trian Fund Management, L.P. are Bpifrance S.A. and Coldstream Capital Management Inc. They manage $4.09 trillion and $4.09 trillion respectively.
Peter May investment strategy
Trian Fund Management, L.P.’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Finance — making up 44.0% of
the total portfolio value.
The fund focuses on investments in the United Kingdom as
8.3% of the portfolio companies
are based in the United Kingdom.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.58 billion.
The complete list of Trian Fund Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Janus Henderson Group plc |
No change
31,867,800
|
$1,074,263,538,000 | 26.20% |
| General Electric Co. |
No change
4,030,213
|
$640,682,961,000 | 15.63% |
| Wendys Co. |
0.13%
31,507,868
|
$534,373,441,000 | 13.03% |
| Invesco Ltd |
19.79%
27,223,734
|
$407,267,061,000 | 9.93% |
| Ferguson Plc New |
21.65%
1,953,863
|
$378,365,570,000 | 9.23% |
| The Allstate Corporation |
10.00%
2,013,508
|
$321,476,687,000 | 7.84% |
| Solventum Corporation |
Opened
5,360,579
|
$283,467,418,000 | 6.91% |
| The Walt Disney Company |
91.82%
2,645,583
|
$262,679,936,000 | 6.41% |
| Ge Healthcare Technologies Inc. |
No change
1,342,833
|
$104,633,547,000 | 2.55% |
| Sysco Corp. |
Closed
1,223,500
|
$99,323,730,000 | |
| U-haul Holding Company - B |
Opened
909,300
|
$54,576,186,000 | 1.33% |
| U-Haul Holding Company |
Opened
389,700
|
$24,056,181,000 | 0.59% |
| Rentokil Initial Plc |
Opened
470,000
|
$13,935,500,000 | 0.34% |
| No transactions found | |||
| Showing first 500 out of 13 holdings | |||
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