Wendy's Co
WEN- Exchange
- Nasdaq
- Industry
- Retail-Eating & Drinking Places
- SEC CIK
- 0000030697
No open-market purchases or sales by Wendy's Co insiders were filed in the last 90 days; 403 institutions reported holding it in 13F filings for Q2 2026, worth $1.48B in total; 3 superinvestors hold it, including Trian Fund Management and Fairfax Financial.
13F holders, Q2 2025
Institutional positions in Wendy's Co as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 402
- −20 vs. Q1 2025
- Shares held
- 196.6M
- +8.23M (+4.4%) vs. Q1 2025
- Total value
- $2.25B
- −$509.7M (−18.5%) vs. Q1 2025
- New holders
- 63
- 165 more added
- Sold out
- 83
- 118 more reduced
2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q1 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting WEN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 403 | $1.48B |
| Q1 2026 | 412 | $1.33B |
| Q4 2025 | 429 | $1.59B |
| Q3 2025 | 403 | $1.67B |
| Q2 2025 | 402 | $2.25B |
| Q1 2025 | 424 | $2.76B |
| Q4 2024 | 425 | $3.04B |
| Q3 2024 | 394 | $3.13B |
| Q2 2024 | 392 | $2.98B |
| Q1 2024 | 364 | $3.30B |
| Q4 2023 | 388 | $3.42B |
| Q3 2023 | 351 | $3.54B |
| Q2 2023 | 360 | $3.57B |
| Q1 2023 | 343 | $3.60B |
| Q4 2022 | 348 | $3.48B |
| Q3 2022 | 336 | $2.85B |
| Q2 2022 | 341 | $2.86B |
| Q1 2022 | 356 | $3.33B |
| Q4 2021 | 364 | $3.61B |
| Q3 2021 | 351 | $3.40B |
| Q2 2021 | 337 | $3.53B |
| Q1 2021 | 324 | $3.28B |
Institutions, Q2 2025
Shares, value and share of portfolio for each institution holding Wendy's Co; share changes are against Q1 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Trian Fund Management, L.P.SuperinvestorTrian Fund Management | 30,434,794 | $347.6M | 9.17% | +11,1110.0% | Added |
| Vanguard Group Inc | 21,257,705 | $242.8M | 0.00% | −376,521−1.7% | Reduced |
| BlackRock, Inc. | 19,770,080 | $225.8M | 0.00% | −4,4070.0% | Reduced |
| AQR Capital Management LLC | 13,843,438 | $158.1M | 0.13% | +3,205,269+30.1% | Added |
| Harris Associates L PSuperinvestorHarris Associates (Oakmark) | 11,076,295 | $126.5M | 0.21% | +1,324,985+13.6% | Added |
| Point72 Asset Management, L.P. | 7,699,043 | $87.9M | 0.21% | +1,690,346+28.1% | Added |
| Charles Schwab Investment Management Inc | 6,573,171 | $75.1M | 0.01% | −194,552−2.9% | Reduced |
| State Street Corp | 5,131,100 | $58.6M | 0.00% | −536,968−9.5% | Reduced |
| Arrowstreet Capital, Limited Partnership | 5,041,012 | $57.6M | 0.04% | +1,915,465+61.3% | Added |
| UBS Group AG | 4,811,580 | $54.9M | 0.01% | +3,479,892+261.3% | Added |
| Dimensional Fund Advisors LP | 4,311,795 | $49.2M | 0.01% | +194,059+4.7% | Added |
| Morgan Stanley | 4,303,507 | $49.1M | 0.00% | +1,352,186+45.8% | Added |
| Millennium Management LLC | 3,929,304 | $44.9M | 0.04% | +105,812+2.8% | Added |
| Janus Henderson Group PLC | 3,283,711 | $37.5M | 0.02% | +69,828+2.2% | Added |
| Geode Capital Management, LLC | 3,195,270 | $36.5M | 0.00% | −137,401−4.1% | Reduced |
| Bank of America Corp | 2,760,127 | $31.5M | 0.00% | +710,239+34.6% | Added |
| Bank of New York Mellon Corp | 2,436,054 | $27.8M | 0.01% | −141,305−5.5% | Reduced |
| JPMorgan Chase & Co | 2,048,988 | $23.4M | 0.00% | −2,420,356−54.2% | Reduced |
| Northern Trust Corp | 2,022,860 | $23.1M | 0.00% | −964,472−32.3% | Reduced |
| Norges Bank | 1,657,531 | $18.9M | 0.00% | −214,485−11.5% | Reduced |
| Royal Bank of Canada | 1,419,986 | $16.2M | 0.00% | −966,600−40.5% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 1,134,230 | $13.0M | 0.05% | +1,116,979+6,474.9% | Added |
| Qube Research & Technologies Ltd | 1,061,864 | $12.1M | 0.02% | −575,925−35.2% | Reduced |
| Massachusetts Financial Services Co | 1,032,790 | $11.8M | 0.00% | −11,625−1.1% | Reduced |
| Goldman Sachs Group Inc | 989,540 | $11.3M | 0.00% | −85,860−8.0% | Reduced |
| Retirement Systems of Alabama | 954,998 | $10.9M | 0.04% | +242,725+34.1% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 932,711 | $10.7M | 0.02% | +49,152+5.6% | Added |
| Cubist Systematic Strategies, LLC | 931,409 | $10.6M | 0.12% | +426,767+84.6% | Added |
| UBS Asset Management Americas Inc | 898,801 | $10.3M | 0.00% | +259,716+40.6% | Added |
| Gotham Asset Management, LLC | 892,930 | $10.2M | 0.06% | +577,217+182.8% | Added |
| Gradient Investments LLC | 836,626 | $9.55M | 0.17% | +48,736+6.2% | Added |
| Sound Income Strategies, LLC | 814,753 | $9.30M | 0.53% | +218,315+36.6% | Added |
| Voya Investment Management LLC | 761,142 | $8.69M | 0.01% | −140,657−15.6% | Reduced |
| JCP Investment Management, LLC | 756,927 | $8.64M | 4.99% | +756,927 | New |
| Horizon Kinetics Asset Management LLC | 699,342 | $7.99M | 0.09% | −62,832−8.2% | Reduced |
| Rhumbline Advisers | 699,025 | $7.98M | 0.01% | −1,447−0.2% | Reduced |
| Allspring Global Investments Holdings, LLC | 631,500 | $7.50M | 0.01% | +6,869+1.1% | Added |
| Citadel Advisors LLC | 654,845 | $7.48M | 0.01% | +395,159+152.2% | Added |
| Ieq Capital, LLC | 629,793 | $7.19M | 0.04% | +59,902+10.5% | Added |
| Invesco Ltd. | 613,931 | $7.01M | 0.00% | −1,340,032−68.6% | Reduced |
| California Public Employees Retirement System | 602,943 | $6.89M | 0.00% | −313,776−34.2% | Reduced |
| Federated Hermes, Inc. | 600,686 | $6.86M | 0.01% | −24,003−3.8% | Reduced |
| Nuveen, LLC | 589,161 | $6.73M | 0.00% | −444,103−43.0% | Reduced |
| Verition Fund Management LLC | 551,687 | $6.30M | 0.04% | −93,713−14.5% | Reduced |
| Holocene Advisors, LP | 544,710 | $6.22M | 0.02% | +319,004+141.3% | Added |
| Trexquant Investment LP | 532,413 | $6.08M | 0.07% | −522,724−49.5% | Reduced |
| Cerity Partners LLC | 483,135 | $5.52M | 0.01% | +317,647+191.9% | Added |
| Citigroup Inc | 467,919 | $5.34M | 0.00% | +19,404+4.3% | Added |
| Brevan Howard Capital Management LP | 464,232 | $5.30M | 0.06% | +325,597+234.9% | Added |
| Advisors Asset Management, Inc. | 437,971 | $5.00M | 0.09% | +137,699+45.9% | Added |
| Kovitz Investment Group Partners, LLC | 421,643 | $4.82M | 0.02% | +59,042+16.3% | Added |
| HRT Financial LP | 391,514 | $4.47M | 0.02% | −415,699−51.5% | Reduced |
| First Trust Advisors LP | 376,443 | $4.30M | 0.00% | −285,058−43.1% | Reduced |
| Alps Advisors Inc | 369,399 | $4.22M | 0.02% | −2,628−0.7% | Reduced |
| Principal Financial Group Inc | 366,515 | $4.19M | 0.00% | −29,526−7.5% | Reduced |
| Macquarie Group Ltd | 361,084 | $4.12M | 0.01% | −3,570−1.0% | Reduced |
| XTX Topco Ltd | 348,626 | $3.98M | 0.17% | +274,564+370.7% | Added |
| Intech Investment Management LLC | 348,245 | $3.98M | 0.04% | +156,068+81.2% | Added |
| Susquehanna International Group, LLP | 346,971 | $3.96M | 0.01% | +335,155+2,836.5% | Added |
| Swiss National Bank | 325,700 | $3.72M | 0.00% | −10,000−3.0% | Reduced |
| Legal & General Group Plc | 320,512 | $3.66M | 0.00% | +14,662+4.8% | Added |
| Creative Planning | 304,496 | $3.48M | 0.00% | +87,721+40.5% | Added |
| Baird Financial Group, Inc. | 294,979 | $3.37M | 0.01% | +294,979 | New |
| Barclays PLC | 282,761 | $3.23M | 0.00% | +152,108+116.4% | Added |
| Victory Capital Management Inc | 275,214 | $3.14M | 0.00% | −184−0.1% | Reduced |
| Agf Management Ltd | 271,314 | $3.10M | 0.01% | +100,442+58.8% | Added |
| Quinn Opportunity Partners LLC | 252,040 | $2.88M | 0.25% | +198,040+366.7% | Added |
| Jane Street Group, LLC | 250,227 | $2.86M | 0.00% | −204,876−45.0% | Reduced |
| Capstone Investment Advisors, LLC | 249,277 | $2.85M | 0.02% | +249,277 | New |
| CWM, LLC | 239,299 | $2.73M | 0.01% | +38,924+19.4% | Added |
| Engineers Gate Manager LP | 237,535 | $2.71M | 0.03% | −181,417−43.3% | Reduced |
| American Century Companies Inc | 236,588 | $2.70M | 0.00% | +186,205+369.6% | Added |
| State Board of Administration of Florida Retirement System | 228,518 | $2.61M | 0.00% | +1,750+0.8% | Added |
| Guggenheim Capital LLC | 228,106 | $2.60M | 0.02% | +47,388+26.2% | Added |
| Alliancebernstein L.P. | 222,623 | $2.54M | 0.00% | +20,511+10.1% | Added |
| Quantbot Technologies LP | 216,179 | $2.47M | 0.06% | +216,179 | New |
| CastleKnight Management LP | 215,200 | $2.46M | 0.16% | +215,200 | New |
| Blueshift Asset Management, LLC | 212,603 | $2.43M | 0.75% | +212,603 | New |
| Man Group plc | 203,316 | $2.32M | 0.01% | −138,047−40.4% | Reduced |
| SEI Investments Co | 195,390 | $2.23M | 0.00% | +19,702+11.2% | Added |
| Ameriprise Financial Inc | 190,208 | $2.17M | 0.00% | −18,944−9.1% | Reduced |
| New York State Teachers Retirement System | 185,991 | $2.12M | 0.00% | 00.0% | Unchanged |
| LPL Financial LLC | 185,549 | $2.12M | 0.00% | +35,624+23.8% | Added |
| IMC-Chicago, LLC | 174,385 | $1.99M | 0.05% | +66,897+62.2% | Added |
| Jump Financial, LLC | 167,621 | $1.91M | 0.02% | +149,158+807.9% | Added |
| Wealth Enhancement Advisory Services, LLC | 160,394 | $1.87M | 0.00% | −280,989−63.7% | Reduced |
| Quantinno Capital Management LP | 160,723 | $1.84M | 0.01% | −617,740−79.4% | Reduced |
| Group One Trading, L.P. | 160,350 | $1.83M | 0.06% | +76,468+91.2% | Added |
| California State Teachers Retirement System | 159,216 | $1.82M | 0.00% | +448+0.3% | Added |
| BNP Paribas Arbitrage, SA | 153,850 | $1.76M | 0.00% | +35,835+30.4% | Added |
| Mirae Asset Global Investments Co., Ltd. | 146,775 | $1.68M | 0.01% | +7,237+5.2% | Added |
| Schonfeld Strategic Advisors LLC | 145,375 | $1.66M | 0.01% | +129,699+827.4% | Added |
| Price T Rowe Associates Inc | 145,073 | $1.66M | 0.00% | −1,399−1.0% | Reduced |
| FIL Ltd | 137,112 | $1.57M | 0.00% | −3,683−2.6% | Reduced |
| Freestone Grove Partners LP | 130,456 | $1.49M | 0.01% | +84,813+185.8% | Added |
| Great West Life Assurance Co | 128,385 | $1.47M | 0.00% | −13,078−9.2% | Reduced |
| Manufacturers Life Insurance Company, The | 124,243 | $1.42M | 0.00% | −15,331−11.0% | Reduced |
| Bank of Montreal | 123,041 | $1.41M | 0.00% | −874−0.7% | Reduced |
| Mariner, LLC | 121,492 | $1.39M | 0.00% | +59,266+95.2% | Added |
| Franklin Resources Inc | 113,967 | $1.30M | 0.00% | +30,162+36.0% | Added |