TRIAN FUND MANAGEMENT, L.P. 13F: Quarter-over-Quarter Portfolio Changes
TRIAN FUND MANAGEMENT, L.P. reported a disclosed portfolio value of approximately $3.9 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 3.1% quarter on quarter. Over the quarter, the fund initiated 1 new position and bought more shares in 1 holding.
TRIAN FUND MANAGEMENT, L.P.'s top buy was Wendys CO (WEN) . The fund bought 0.0% more shares, lifting the position's portfolio weight by -0.9 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| MAGNUM ICE CREAM CO NV | MICC | 0.1% | History → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
Net Portfolio Value ChangeQ1 2026
- $4.0BPrior quarter
- $3.9BCurrent quarter
- $-0.1BNet delta
- -3.1%% change
Methodology & FAQ
How TRIAN FUND MANAGEMENT, L.P. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for TRIAN FUND MANAGEMENT, L.P.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did TRIAN FUND MANAGEMENT, L.P. buy in Q1 2026?
In Q1 2026, TRIAN FUND MANAGEMENT, L.P. initiated 1 new position (MAGNUM ICE CREAM CO NV (MICC)); bought more shares of WENDYS CO (WEN).
What stocks did TRIAN FUND MANAGEMENT, L.P. sell in Q1 2026?
TRIAN FUND MANAGEMENT, L.P. reported no full exits or share-count reductions in its Q1 2026 13F filing.
Which positions did TRIAN FUND MANAGEMENT, L.P. initiate in Q1 2026?
TRIAN FUND MANAGEMENT, L.P. established 1 new position in Q1 2026: MAGNUM ICE CREAM CO NV (MICC, 0.1%).
Which existing positions saw the largest allocation increases for TRIAN FUND MANAGEMENT, L.P. in Q1 2026?
Of 1 existing position with share-count increases in Q1 2026, the largest were: WENDYS CO (WEN, +-0.9% weight, +0.0% shares).
Which positions did TRIAN FUND MANAGEMENT, L.P. fully exit in Q1 2026?
TRIAN FUND MANAGEMENT, L.P. fully exited no positions in Q1 2026.
Which existing positions saw the largest allocation reductions for TRIAN FUND MANAGEMENT, L.P. in Q1 2026?
TRIAN FUND MANAGEMENT, L.P. reported no material allocation reductions in existing positions in Q1 2026.
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.