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TRIAN FUND MANAGEMENT, L.P.

AUM: $9.05 B

13-F Portfolio Value: $3.79 B

Last 13-F Filed: Q2 2025

Concentration in top 10: 100%

Stock	Company	% Portfolio	Shares Held	Market Value	Change in Shares	% Change	Quarter End Price	Source
WEN	The Wendy's Company	9.20%	30,904,107	$348,907,368	469,313	1.54%		13D
FERG	Ferguson Plc New	6.24%	1,086,357	$236,554,237	77,592	7.69%	$217.75	13F