Trian Fund Management, L.P.

Bought Magnum Ice Cream. Portfolio down 3% to $3.9B.

$3.9B portfolio8 holdingstop 10 = 100%filed 2026-05-15

1Janus Henderson Group PLC42.41%
$1.6B - 31.9M shares-
2GEGe Aerospace29.63%
$1.1B - 4.0M shares-
3SOLVSolventum Corporation13.93%
$537.9M - 8.2M shares-
4Ferguson PLC New6.57%
$253.4M - 1.1M shares-
5WENWendys Co.5.48%
$211.6M - 30.4M shares+6K
6Invesco LTD.1.87%
$72.2M - 3.0M shares-
7Magnum Ice Cream Co NV0.09%
$3.6M - 241K sharesNEW
8GEHCGe Healthcare Technologies<0.01%
$288K - 4K shares-

#	Stock
1	Janus Henderson Group PLC	42.41%	$1.6B	31.9M	-
2	GEGe Aerospace	29.63%	$1.1B	4.0M	-
3	SOLVSolventum Corporation	13.93%	$537.9M	8.2M	-
4	Ferguson PLC New	6.57%	$253.4M	1.1M	-
5	WENWendys Co.	5.48%	$211.6M	30.4M	+6K
6	Invesco LTD.	1.87%	$72.2M	3.0M	-
7	Magnum Ice Cream Co NV	0.09%	$3.6M	241K	NEW
8	GEHCGe Healthcare Technologies	<0.01%	$288K	4K	-

What a 13F does not show

Filed up to 45 days after the quarter ends, so this is Q1 2026, not today. US-listed shares and some options only. No short bets, cash, bonds, or foreign listings.