Nelson Peltz's Trian Fund exits U-Haul and Allstate in Q3

Trian Fund Management exited its stake in trucks, trailers, and storage rental firm U-Haul (UHAL) and insurer Allstate (ALL) in Q3 2025. 

The fund disclosed the information in its latest 13F filing for the three months ended September 30, 2025, published on Friday.

Founded in 2005 by billionaire investor Nelson Peltz, Trian is famed for activist campaigns against companies such as Procter & Gamble (PG) and Walt Disney (DIS). According to Forbes, Peltz's real-time net worth is $1.6B.

The fund in Q3 also marginally increased its stake in fast-food chain Wendy's (WEN) by 2.2K shares.

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