13F filing recap · Q1 2025

What did Trian Fund Management buy in Q1 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$3.74B

Positions

Estimated turnover

1.1%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Trian Fund Management slightly trimmed its Wendy's stake and reduced its Ferguson Enterprises position, while modestly adding to Allstate.

Increased positions

ALLAllstate Corp$65.78Mreported value+10.9K shares+3.6%

Reduced positions

WENWendy'S Co$445.10Mreported value-101.3K shares-0.3%FERGFerguson Enterprises Inc.$161.63Mreported value-228.5K shares-18.5%