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, Q3 2025
Institutional positions in Wendy's Co as of Sep 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
- 403
- +5 vs. Q2 2025
- Shares held
- 181.9M
- −13.1M (−6.7%) vs. Q2 2025
- Total value
- $1.67B
- −$561.4M (−25.2%) vs. Q2 2025
- New holders
- 72
- 137 more added
- Sold out
- 67
- 126 more reduced
4 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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, Q3 2025
Shares, value and share of portfolio for each institution holding Wendy's Co; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Trian Fund Management, L.P.SuperinvestorTrian Fund Management | 30,437,023 | $278.8M | 6.79% | +2,2290.0% | Added |
| BlackRock, Inc. | 24,108,492 | $220.8M | 0.00% | +4,338,412+21.9% | Added |
| Vanguard Group Inc | 18,589,808 | $170.3M | 0.00% | −2,667,897−12.6% | Reduced |
| Harris Associates L PSuperinvestorHarris Associates (Oakmark) | 10,597,639 | $97.1M | 0.16% | −478,656−4.3% | Reduced |
| AQR Capital Management LLC | 8,478,244 | $77.2M | 0.05% | −5,365,194−38.8% | Reduced |
| Charles Schwab Investment Management Inc | 6,864,824 | $62.9M | 0.01% | +291,653+4.4% | Added |
| Morgan Stanley | 6,191,252 | $56.7M | 0.00% | +1,887,745+43.9% | Added |
| State Street Corp | 5,344,251 | $49.0M | 0.00% | +213,151+4.2% | Added |
| Arrowstreet Capital, Limited Partnership | 4,276,213 | $39.2M | 0.02% | −764,799−15.2% | Reduced |
| Dimensional Fund Advisors LP | 4,274,293 | $39.2M | 0.01% | −37,502−0.9% | Reduced |
| Marshall Wace, LLP | 4,029,742 | $36.9M | 0.04% | +4,029,742 | New |
| Geode Capital Management, LLC | 3,581,765 | $32.8M | 0.00% | +386,495+12.1% | Added |
| Bank of America Corp | 2,971,830 | $27.2M | 0.00% | +211,703+7.7% | Added |
| Point72 Asset Management, L.P. | 2,935,294 | $26.9M | 0.06% | −4,763,749−61.9% | Reduced |
| UBS Group AG | 2,688,471 | $24.6M | 0.00% | −2,123,109−44.1% | Reduced |
| Northern Trust Corp | 2,205,482 | $20.2M | 0.00% | +182,622+9.0% | Added |
| Bank of New York Mellon Corp | 2,052,355 | $18.8M | 0.00% | −383,699−15.8% | Reduced |
| Millennium Management LLC | 1,999,870 | $18.3M | 0.01% | −1,929,434−49.1% | Reduced |
| FMR LLC | 1,523,471 | $14.0M | 0.00% | +1,487,033+4,081.0% | Added |
| Gotham Asset Management, LLC | 1,479,870 | $13.6M | 0.06% | +586,940+65.7% | Added |
| Quantinno Capital Management LP | 1,273,287 | $11.7M | 0.03% | +1,112,564+692.2% | Added |
| Wells Fargo & Company | 1,258,131 | $11.5M | 0.00% | +1,165,226+1,254.2% | Added |
| Quinn Opportunity Partners LLC | 1,216,811 | $11.1M | 0.81% | +964,771+382.8% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 1,126,467 | $10.3M | 0.03% | −7,763−0.7% | Reduced |
| Squarepoint Ops LLC | 958,987 | $8.78M | 0.02% | +958,987 | New |
| Jane Street Group, LLC | 939,496 | $8.61M | 0.01% | +689,269+275.5% | Added |
| Royal Bank of Canada | 915,690 | $8.39M | 0.00% | −504,296−35.5% | Reduced |
| Invesco Ltd. | 884,736 | $8.10M | 0.00% | +270,805+44.1% | Added |
| Principal Financial Group Inc | 759,620 | $6.96M | 0.00% | +393,105+107.3% | Added |
| Sound Income Strategies, LLC | 787,118 | $6.95M | 0.38% | −27,635−3.4% | Reduced |
| Goldman Sachs Group Inc | 755,427 | $6.92M | 0.00% | −234,113−23.7% | Reduced |
| Nuveen, LLC | 750,884 | $6.88M | 0.00% | +161,723+27.4% | Added |
| FIL Ltd | 684,264 | $6.27M | 0.00% | +547,152+399.1% | Added |
| Kovitz Investment Group Partners, LLC | 675,170 | $6.18M | 0.02% | +253,527+60.1% | Added |
| Alps Advisors Inc | 634,304 | $5.81M | 0.03% | +264,905+71.7% | Added |
| Susquehanna International Group, LLP | 620,892 | $5.69M | 0.01% | +273,921+78.9% | Added |
| Public Sector Pension Investment Board | 616,967 | $5.65M | 0.02% | +616,967 | New |
| Cubist Systematic Strategies, LLC | 538,318 | $4.93M | 0.07% | −393,091−42.2% | Reduced |
| Rhumbline Advisers | 523,080 | $4.79M | 0.00% | −175,945−25.2% | Reduced |
| Advisors Asset Management, Inc. | 512,405 | $4.69M | 0.08% | +74,434+17.0% | Added |
| UBS Asset Management Americas Inc | 512,066 | $4.69M | 0.00% | −386,735−43.0% | Reduced |
| Cerity Partners LLC | 483,940 | $4.43M | 0.01% | +805+0.2% | Added |
| Verition Fund Management LLC | 472,317 | $4.33M | 0.02% | −79,370−14.4% | Reduced |
| Horizon Kinetics Asset Management LLC | 466,421 | $4.27M | 0.05% | −232,921−33.3% | Reduced |
| Holocene Advisors, LP | 463,924 | $4.25M | 0.01% | −80,786−14.8% | Reduced |
| Legal & General Group Plc | 463,304 | $4.24M | 0.00% | +142,792+44.6% | Added |
| Two Sigma Advisers, LP | 412,205 | $3.78M | 0.01% | +412,205 | New |
| Creative Planning | 394,611 | $3.61M | 0.00% | +90,115+29.6% | Added |
| Citadel Advisors LLC | 382,300 | $3.50M | 0.00% | −272,545−41.6% | Reduced |
| Ieq Capital, LLC | 373,942 | $3.43M | 0.01% | −255,851−40.6% | Reduced |
| Alliancebernstein L.P. | 330,502 | $3.03M | 0.00% | +107,879+48.5% | Added |
| Victory Capital Management Inc | 329,679 | $3.02M | 0.00% | +54,465+19.8% | Added |
| Voya Investment Management LLC | 329,663 | $3.02M | 0.00% | −431,479−56.7% | Reduced |
| Ameriprise Financial Inc | 322,851 | $2.96M | 0.00% | +132,643+69.7% | Added |
| Agf Management Ltd | 318,960 | $2.92M | 0.01% | +47,646+17.6% | Added |
| Swiss National Bank | 316,400 | $2.90M | 0.00% | −9,300−2.9% | Reduced |
| Baird Financial Group, Inc. | 303,332 | $2.78M | 0.00% | +8,353+2.8% | Added |
| American Century Companies Inc | 294,518 | $2.70M | 0.00% | +57,930+24.5% | Added |
| Qube Research & Technologies Ltd | 278,746 | $2.55M | 0.00% | −783,118−73.7% | Reduced |
| IMC-Chicago, LLC | 278,606 | $2.55M | 0.05% | +104,221+59.8% | Added |
| Brevan Howard Capital Management LP | 269,534 | $2.47M | 0.04% | −194,698−41.9% | Reduced |
| Citigroup Inc | 268,345 | $2.46M | 0.00% | −199,574−42.7% | Reduced |
| SummitTX Capital, L.P. | 262,978 | $2.41M | 0.10% | +178,689+212.0% | Added |
| CWM, LLC | 240,123 | $2.20M | 0.01% | +824+0.3% | Added |
| SRS Capital Advisors, Inc. | 237,845 | $2.18M | 0.03% | +237,781+371,532.8% | Added |
| JPMorgan Chase & Co | 229,882 | $2.11M | 0.00% | −1,819,106−88.8% | Reduced |
| Federated Hermes, Inc. | 222,558 | $2.04M | 0.00% | −378,128−62.9% | Reduced |
| State Board of Administration of Florida Retirement System | 220,414 | $2.02M | 0.00% | −8,104−3.5% | Reduced |
| Simplex Trading, LLC | 219,138 | $2.01M | 0.04% | +219,138 | New |
| Guggenheim Capital LLC | 208,681 | $1.91M | 0.01% | −19,425−8.5% | Reduced |
| New York State Teachers Retirement System | 203,970 | $1.87M | 0.00% | +17,979+9.7% | Added |
| Parallax Volatility Advisers, L.P. | 201,917 | $1.85M | 0.05% | +201,917 | New |
| BNP Paribas Arbitrage, SA | 200,046 | $1.83M | 0.00% | +46,196+30.0% | Added |
| Janus Henderson Group PLC | 198,894 | $1.82M | 0.00% | −3,084,817−93.9% | Reduced |
| CastleKnight Management LP | 190,500 | $1.74M | 0.09% | −24,700−11.5% | Reduced |
| LPL Financial LLC | 185,760 | $1.70M | 0.00% | +211+0.1% | Added |
| Oak Thistle LLC | 179,083 | $1.64M | 0.25% | +179,083 | New |
| SEI Investments Co | 174,419 | $1.60M | 0.00% | −20,971−10.7% | Reduced |
| Great West Life Assurance Co | 169,311 | $1.54M | 0.00% | +40,926+31.9% | Added |
| Wealth Enhancement Advisory Services, LLC | 166,192 | $1.51M | 0.00% | +5,798+3.6% | Added |
| Group One Trading, L.P. | 157,647 | $1.44M | 0.04% | −2,703−1.7% | Reduced |
| Prudential Financial Inc | 151,617 | $1.39M | 0.00% | +135,930+866.5% | Added |
| Price T Rowe Associates Inc | 150,128 | $1.38M | 0.00% | +5,055+3.5% | Added |
| California State Teachers Retirement System | 148,596 | $1.36M | 0.00% | −10,620−6.7% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 147,513 | $1.35M | 0.00% | +738+0.5% | Added |
| Barclays PLC | 141,030 | $1.29M | 0.00% | −141,731−50.1% | Reduced |
| Summit Trail Advisors, LLC | 140,977 | $1.29M | 0.02% | +104,627+287.8% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 133,472 | $1.22M | 0.00% | +53,855+67.6% | Added |
| Quantbot Technologies LP | 126,315 | $1.16M | 0.03% | −89,864−41.6% | Reduced |
| Dark Forest Capital Management LP | 122,844 | $1.13M | 0.04% | +80,456+189.8% | Added |
| Bank of Montreal | 121,928 | $1.12M | 0.00% | −1,113−0.9% | Reduced |
| Concurrent Investment Advisors, LLC | 119,756 | $1.10M | 0.02% | +22,840+23.6% | Added |
| Eagle Harbor Asset Management Inc | 119,464 | $1.09M | 0.95% | +13,335+12.6% | Added |
| State of Wisconsin Investment Board | 118,756 | $1.09M | 0.00% | +97,241+452.0% | Added |
| Franklin Resources Inc | 117,606 | $1.08M | 0.00% | +3,639+3.2% | Added |
| Ilex Capital Partners (UK) LLP | 116,570 | $1.07M | 0.03% | +116,570 | New |
| Thrivent Financial for Lutherans | 114,108 | $1.04M | 0.00% | +76,129+200.5% | Added |
| Pallas Capital Advisors LLC | 112,738 | $1.03M | 0.04% | 00.0% | Unchanged |
| Captrust Financial Advisors | 112,414 | $1.03M | 0.00% | +10,287+10.1% | Added |
| Mariner, LLC | 112,289 | $1.03M | 0.00% | −9,203−7.6% | Reduced |