Trian Fund Management, L.P.
- Regulatory AUM
- $10.4B
- Discretionary
- $8.3B
- Clients
- 29
- Avg AUM / client
- $358M
- Accounts
- 29
- Employees
- 34
AUM over time
Annual snapshots from Form ADV filings · as of Jul 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 2 | $388M | 3.73% |
| Pooled investment vehicles (non-investment companies) | 27 | $10.0B | 96.3% |
Private funds (15)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $7.1B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Trian Partners Master Fund, L.P. master | Hedge Fund | Cayman Islands | $1.1B | 30 |
| Trian Partners Strategic Investment Fund N, L.P. | Hedge Fund | Delaware | $901M | 2 |
| Trian Partners, Ltd. feeder | Hedge Fund | Cayman Islands | $895M | 29 |
| Trian Partners, L.P. | Hedge Fund | Delaware | $745M | 115 |
| Trian Spv (Sub) X, L.P. master | Hedge Fund | Delaware | $617M | 2 |
| Trian Spv Xvi, Ltd. master | Hedge Fund | Cayman Islands | $601M | 5 |
| Trian Partners Am Fund, Ltd. master | Hedge Fund | Cayman Islands | $508M | 29 |
| Trian Partners Co Investment Opportunities Fund, Ltd. master | Hedge Fund | Cayman Islands | $392M | 5 |
| Trian Partners Strategic Fund K, L.P. | Hedge Fund | Delaware | $311M | 2 |
| Trian Partners Am Parallel Fund, Ltd. master | Hedge Fund | Cayman Islands | $272M | 2 |
| Trian Partners Parallel Fund I, L.P. | Hedge Fund | Delaware | $264M | 6 |
| Trian Partners Strategic Fund G Ii, L.P. | Hedge Fund | Delaware | $250M | 2 |
| Trian Partners Fund (Sub) G, L.P. master | Hedge Fund | Delaware | $110M | 2 |
| Trian Partners Strategic Investment Fund A, L.P. | Hedge Fund | Delaware | $90.8M | 2 |
| Trian Partners Strategic Fund G Iii, L.P. | Hedge Fund | Delaware | $25.7M | 2 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| May, Peter, William | President | Sep 2005 (21y) | 5% – 10% | |
| Peltz, Nelson, ("Nmn") | Chief Executive Officer And Limited Partner | Sep 2005 (21y) | 50% – 75% | |
| Schorr, Brian, Lewis | Chief Legal Officer | Nov 2005 (21y) | Less than 5% | |
| Weedman, Leonard, William | Chief Financial Officer | Jun 2019 (7y) | Less than 5% | |
| Jerow, John, Gordon | Chief Compliance Officer And Assistant General Counsel | May 2021 (5y) | Less than 5% | |
| Marx, Daniel, Robert | General Counsel | Oct 2022 (4y) | Less than 5% | |
| Baldwin, Brian, Michael | Head Of Research | May 2023 (3y) | Less than 5% | |
| Frank, Joshua, David | Co Chief Investment Officer | May 2023 (3y) | Less than 5% | |
| Peltz, Matthew, Heffner | Co Chief Investment Officer And Limited Partner | May 2023 (3y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Trian Fund Management Gp, Llc | General Partner | Sep 2005 | A | Less than 5% |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (15, $7.1B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Trian Partners Master Fund, L.P. | Hedge Fund | $1.1B | $0 | 30 |
| Trian Partners Strategic Investment Fund N, L.P. | Hedge Fund | $901M | $0 | 2 |
| Trian Partners, Ltd. | Hedge Fund | $895M | $10.0M | 29 |
| Trian Partners, L.P. | Hedge Fund | $745M | $10.0M | 115 |
| Trian Spv (Sub) X, L.P. | Hedge Fund | $617M | $50.0M | 2 |
| Trian Spv Xvi, Ltd. | Hedge Fund | $601M | $25.0M | 5 |
| Trian Partners Am Fund, Ltd. | Hedge Fund | $508M | $100M | 29 |
| Trian Partners Co Investment Opportunities Fund, Ltd. | Hedge Fund | $392M | $10.0M | 5 |
| Trian Partners Strategic Fund K, L.P. | Hedge Fund | $311M | $0 | 2 |
| Trian Partners Am Parallel Fund, Ltd. | Hedge Fund | $272M | $0 | 2 |
| Trian Partners Parallel Fund I, L.P. | Hedge Fund | $264M | $0 | 6 |
| Trian Partners Strategic Fund G Ii, L.P. | Hedge Fund | $250M | $0 | 2 |
| Trian Partners Fund (Sub) G, L.P. | Hedge Fund | $110M | $0 | 2 |
| Trian Partners Strategic Investment Fund A, L.P. | Hedge Fund | $90.8M | $0 | 2 |
| Trian Partners Strategic Fund G Iii, L.P. | Hedge Fund | $25.7M | $0 | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/01/2026 | 4.69 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Other services
Custody
Reported custodians
- Morgan Stanley $1.2B (14% of AUM) Jul 2024
- Citibank $1.1B (12% of AUM) Jul 2024
- Merrill Lynch $202M (3% of AUM) Apr 2026
- Bank Of America, National Association $127M (2% of AUM) Apr 2026
- UBS $42.8M (1% of AUM) Apr 2026
- BNY Mellon $491K (0% of AUM) Jun 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 31, 2026.
View current Form ADV (SEC/IAPD) ↗