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TFM

Trian Fund Management Portfolio holdings

AUM $3.86B
1-Year Est. Return 26.59%
This Fund
S&P 500
This Quarter Est. Return
-3.98%
1 Year Est. Return
+26.59%
3 Year Est. Return
+86.98%
5 Year Est. Return
+84.21%
10 Year Est. Return
+262.84%
AUM
$4.1B
AUM Growth
-$3.92B
Cap. Flow
-$3.29B
Cap. Flow %
-80.22%
Top 10 Hldgs %
99.07%
Holding
13
New
4
Increased
1
Reduced
5
Closed
1

Top Buys

1
SOLV icon
Solventum
SOLV
+$325M
2
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$57.2M
3
UHAL icon
U-Haul Holding Co
UHAL
+$25.4M
4
RTO icon
Rentokil
RTO
+$13M
5
WEN icon
Wendy's
WEN
+$740K

Top Sells

1
DIS icon
Walt Disney
DIS
+$3.2B
2
GE icon
GE Aerospace
GE
+$163M
3
FERG icon
Ferguson
FERG
+$113M
4
IVZ icon
Invesco
IVZ
+$103M
5
SYY icon
Sysco
SYY
+$99.3M

Sector Composition

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
– –
GE icon
2
GE Aerospace
GE
$361B
$641M 15.63%
4,030,213
-1,019,644
-20% -$163M
WEN icon
3
Wendy's
WEN
$1.49B
$534M 13.03%
31,507,868
+40,718
+0.1% +$740K
IVZ icon
4
Invesco
IVZ
$13.4B
$407M 9.93%
27,223,734
-6,716,362
-20% -$103M
FERG icon
5
Ferguson
FERG
$45.4B
$378M 9.23%
1,953,863
-539,824
-22% -$113M
SOLV icon
6
Solventum
SOLV
$14.1B
$283M 6.91%
+5,360,579
New +$325M
DIS icon
7
Walt Disney
DIS
$173B
$263M 6.41%
2,645,583
-29,692,273
-92% -$3.2B
GEHC icon
8
GE HealthCare
GEHC
$29.9B
$105M 2.55%
1,342,833
– –
UHAL.B icon
9
U-Haul Holding Co Series N
UHAL.B
$12.4B
$54.6M 1.33%
+909,300
New +$57.2M
UHAL icon
10
U-Haul Holding Co
UHAL
$14.1B
$24.1M 0.59%
+389,700
New +$25.4M
RTO icon
11
Rentokil
RTO
$15.3B
$13.9M 0.34%
+470,000
New +$13M
SYY icon
12
Sysco
SYY
$39.3B
– –
-1,223,500
Closed -$99.3M

Similar funds

AP
Americana Partners Houston, Texas $3.85B AUM 23.11% 1-Year Est. Return
DWM
Destination Wealth Management Walnut Creek, California $3.85B AUM 13% 1-Year Est. Return
TRCT
Tower Research Capital (TRC) New York $3.85B AUM 32.11% 1-Year Est. Return
HFCIX
H&F Corporate Investors X San Francisco, California $3.85B AUM
GAMH
Greenwoods Asset Management (HK) Hong Kong $3.88B AUM 23.82% 1-Year Est. Return
FLSM
Frazier Life Sciences Management Palo Alto, California $3.89B AUM 201.1% 1-Year Est. Return
AC
Anther Capital Hong Kong $3.83B AUM
MSI
Mitsui Sumitomo Insurance Tokyo, Japan $3.9B AUM

Trian Fund Management's Q2 2024 Portfolio in Review

As of Q2 2024, Trian Fund Management held 13 positions worth $4.1B, down 49% from $8.02B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Trian Fund Management 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, Trian Fund Management opened a new position in Solventum worth $283M.

  • Trian Fund Management's largest Q2 2024 buy was Solventum: 5,360,579 shares worth $283M.
  • Trian Fund Management added most to Wendy's in Q2 2024, an estimated $740K increase.
  • Trian Fund Management's biggest Q2 2024 reduction was Walt Disney, cutting an estimated $3.2B.
  • Trian Fund Management fully exited Sysco in Q2 2024, selling an estimated $99.3M.
  • Trian Fund Management's ten largest holdings make up 99% of its $4.1B portfolio in Q2 2024.
  • Trian Fund Management opened 4 new positions and closed 1 in Q2 2024.
  • Trian Fund Management'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.