Funds (13F)
Trian Fund Management, L.P.
Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical
- Return a year
- +12.4% S&P 500 +14.1%
- Last 12 months
- +11.4% S&P 500 +12.1%
- Sharpe ratio
- 0.59 S&P 500 0.78
- Biggest drop
- −33.3% S&P 500 −31.8%
About
Copies Trian Fund Management, L.P.'s quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.
Key statistics
| Measure | Strategy | S&P 500 |
|---|---|---|
| Return a year (compound) | +12.4% | +14.1% |
| Total return | +369% | +470% |
| Last 12 months | +11.4% | +12.1% |
| Last 3 months | −6.4% | — |
| Last month | +3.2% | — |
| This year so far | +3.4% | — |
| Volatility a year | 19.5% | 16.0% |
| Sharpe ratio | 0.59 | 0.78 |
| Biggest drop | −33.3% | −31.8% |
| Beta to the S&P 500 | 0.93 | 1.00 |
| Alpha a year (t-statistic) | −0.0% (0.00) | — |
| Share of weeks up | 57% | — |
Insights
| Period | Return a year | S&P 500 | Sharpe | S&P 500 | Biggest drop | Beta | Alpha (t) |
|---|---|---|---|---|---|---|---|
| Whole backtest16 Aug 2013 to 2 Nov 2026 | +12.4% | +14.1% | 0.59 | 0.78 | −33.3% | 0.93 | −0.0% (0.00) |
| 2018 onwards5 Jan 2018 to 2 Nov 2026 | +11.5% | +13.9% | 0.47 | 0.66 | −33.3% | 0.95 | −0.7% (−0.15) |
| Last three years3 Nov 2023 to 2 Nov 2026 | +16.0% | +21.8% | 0.60 | 1.16 | −19.9% | 0.92 | −2.4% (−0.24) |
| Last year7 Nov 2025 to 2 Nov 2026 | +10.4% | +14.2% | 0.37 | 0.84 | −17.6% | 0.83 | +0.2% (0.01) |
| Date | Company | Action |
|---|---|---|
| 21 Nov 2025 | UHAL | Sold |