Nelson Peltz Trian Fund Management
Nelson Peltz is a founding partner of Trian Fund Management and one of the best-known activist investors of the past two decades. Trian typically takes large stakes in established companies and pushes for operational improvement, portfolio focus, and capital-return discipline. Peltz’s campaigns at major consumer, industrial, and financial companies keep Trian firmly in the public spotlight.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Solventum
SOLV
|
+$325M |
| 2 |
U-Haul Holding Co Series N
UHAL.B
|
+$57.2M |
| 3 |
U-Haul Holding Co
UHAL
|
+$25.4M |
| 4 |
Rentokil
RTO
|
+$13M |
| 5 |
Wendy's
WEN
|
+$740K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$3.2B |
| 2 |
GE Aerospace
GE
|
+$163M |
| 3 |
Ferguson
FERG
|
+$113M |
| 4 |
Invesco
IVZ
|
+$103M |
| 5 |
Sysco
SYY
|
+$99.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.14% |
| 2 | Industrials | 27.11% |
| 3 | Consumer Discretionary | 13.03% |
| 4 | Healthcare | 9.47% |
| 5 | Communication Services | 6.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JHG
1
DELISTED
Janus Henderson
JHG
| $1.07B | 26.2% |
31,867,800
| – | – |
|
|
2
GE Aerospace
GE
$361B
| $641M | 15.63% |
4,030,213
-1,019,644
| -20% | -$163M |
|
|
3
Wendy's
WEN
$1.72B
| $534M | 13.03% |
31,507,868
+40,718
| +0.1% | +$740K |
|
|
4
Invesco
IVZ
$14.1B
| $407M | 9.93% |
27,223,734
-6,716,362
| -20% | -$103M |
|
|
5
Ferguson
FERG
$46.9B
| $378M | 9.23% |
1,953,863
-539,824
| -22% | -$113M |
|
|
6
Solventum
SOLV
$15.2B
| $283M | 6.91% |
+5,360,579
| New | +$325M |
|
|
7
Walt Disney
DIS
$186B
| $263M | 6.41% |
2,645,583
-29,692,273
| -92% | -$3.2B |
|
8
GE HealthCare
GEHC
$33.8B
| $105M | 2.55% |
1,342,833
| – | – |
|
|
9
U-Haul Holding Co Series N
UHAL.B
$12.3B
| $54.6M | 1.33% |
+909,300
| New | +$57.2M |
|
|
10
U-Haul Holding Co
UHAL
$13.9B
| $24.1M | 0.59% |
+389,700
| New | +$25.4M |
|
|
11
Rentokil
RTO
$11.9B
| $13.9M | 0.34% |
+470,000
| New | +$13M |
|
|
12
Sysco
SYY
$40.2B
| – | – |
-1,223,500
| Closed | -$99.3M |
|
Similar funds
Nelson Peltz's Q2 2024 Portfolio in Review
As of Q2 2024, Nelson Peltz held 13 positions worth $4.1B, down 49% from $8.02B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Nelson Peltz withdrew a net $3.29B in Q2 2024, closing 1 position and reducing 5 holdings. Its most notable exit was Sysco, an estimated $99.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 36% of assets, up from 20% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Nelson Peltz opened a new position in Solventum worth $283M.
- Nelson Peltz's largest Q2 2024 buy was Solventum: 5,360,579 shares worth $283M.
- Nelson Peltz added most to Wendy's in Q2 2024, an estimated $740K increase.
- Nelson Peltz's biggest Q2 2024 reduction was Walt Disney, cutting an estimated $3.2B.
- Nelson Peltz fully exited Sysco in Q2 2024, selling an estimated $99.3M.
- Nelson Peltz's ten largest holdings make up 99% of its $4.1B portfolio in Q2 2024.
- Nelson Peltz opened 4 new positions and closed 1 in Q2 2024.
- Nelson Peltz's portfolio value fell 49% quarter-over-quarter to $4.1B.
Based on Trian Fund Management's 13F filing for Q2 2024, filed 14 Aug 2024.