Boardroom Alpha
Activist profile

Trian Fund Management

Campaigns
16
Proxy fights
3
Settlements
13
Directors placed
20
Style
Deal-maker

Trian Fund Management is an activist investment firm founded by Nelson Peltz, Peter May, and Ed Garden in 2005. The firm takes large stakes in companies and works with management to improve operations and increase shareholder value. Trian had a notable campaign with Procter & Gamble in 2017. The firm took a $3.5 billion stake in the company and pushed for changes in its board and management. After a contentious battle, Trian was able to secure a seat on the board and worked with management to streamline operations and improve profitability. Another notable campaign was Trian's investment in General Electric in 2015. The firm took a $2.5 billion stake in the company and pushed for changes in its operations and management. After a few years, Trian sold its position in GE, citing disappointment in the company's progress. Other notable campaigns by Trian include investments in DuPont, PepsiCo, and Sysco. In each case, the firm took an activist approach to try to improve the companies' performance and increase shareholder value.

Recent activity

Notable Campaigns

YearTickerTargetType
2024RTORentokil Initial PLCCooperation agreement
2024DISWalt Disney CoProxy fight
2023DISWalt Disney CoProxy fight
2022JHGJanus Henderson Group PLCCooperation agreement
2020IVZInvesco LtdCooperation agreement
2019LMLegg Mason IncCooperation agreement
2017PGProcter & Gamble CoProxy fight
2017GEGe AerospaceCooperation agreement
2015PNRPentair PLCCooperation agreement
2015SYYSysco CorpCooperation agreement
2015DD1Dupont E I De Nemours & CoProxy fight
2015PEPPepsico IncCooperation agreement

Full campaign history, dissident slates, per-nominee seat outcomes, and filings timelines inside the platform →

Current positions

Top Holdings

Q ending Mar 31, 2026
TickerCompany% of floatPosition value
JHGJanus Henderson Group PLC
20.7%
$1.6B
WENWendy's Co
16.0%
$212M
SOLVSolventum Corp
4.76%
$538M
IVZInvesco Ltd
0.67%
$72M
FERGFerguson PLC
0.56%
$253M

Full portfolio, position changes by quarter, and overlap with Trian’s likely next targets inside the platform →

Last 12 months

Recent SEC Filings

Proxy contest
Portfolio (13F)
Voting (N-PX)

Full filings history with parsed positions, voting records, and dissident-proxy timelines inside the platform →

View all filings on SEC EDGAR ↗
Inside Boardroom Alpha

The full Trian Fund Management profile

  • Daily-rescored target prediction from the activist's current 13F overlap
  • Full detail on every activist board nominee and the election or settlement result
  • Per-campaign effectiveness scoring across vote outcomes and concessions
  • Composite influence, vote-strength, and negotiating-leverage scoring
  • Preferred legal counsel, proxy solicitor, and IR/PR provider history