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 |
| Cornerstone Planning Group LLC | 111 | – | – | +111 | New |
| Summit Wealth Group LLC | 5,559 | – | – | +5,559 | New |
| Massachusetts Financial Services Co | 0 | $0 | 0.00% | −1,032,790−100.0% | Sold out |
| Retirement Systems of Alabama | 0 | $0 | 0.00% | −954,998−100.0% | Sold out |
| Mirae Asset Global ETFs Holdings Ltd. | 0 | $0 | 0.00% | −932,711−100.0% | Sold out |
| Gradient Investments LLC | 0 | $0 | 0.00% | −836,626−100.0% | Sold out |
| JCP Investment Management, LLC | 0 | $0 | 0.00% | −756,927−100.0% | Sold out |
| Allspring Global Investments Holdings, LLC | 0 | $0 | 0.00% | −631,500−100.0% | Sold out |
| California Public Employees Retirement System | 0 | $0 | 0.00% | −602,943−100.0% | Sold out |
| Trexquant Investment LP | 0 | $0 | 0.00% | −532,413−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −391,514−100.0% | Sold out |
| Macquarie Group Ltd | 0 | $0 | 0.00% | −361,084−100.0% | Sold out |
| Capstone Investment Advisors, LLC | 0 | $0 | 0.00% | −249,277−100.0% | Sold out |
| Blueshift Asset Management, LLC | 0 | $0 | 0.00% | −212,603−100.0% | Sold out |
| Schonfeld Strategic Advisors LLC | 0 | $0 | 0.00% | −145,375−100.0% | Sold out |
| Freestone Grove Partners LP | 0 | $0 | 0.00% | −130,456−100.0% | Sold out |
| Headlands Technologies LLC | 0 | $0 | 0.00% | −87,474−100.0% | Sold out |
| State of Tennessee, Treasury Department | 0 | $0 | 0.00% | −77,805−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −75,524−100.0% | Sold out |
| Mattson Financial Services, LLC | 0 | $0 | 0.00% | −65,709−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −62,181−100.0% | Sold out |
| Occudo Quantitative Strategies LP | 0 | $0 | 0.00% | −60,839−100.0% | Sold out |
| PEAK6 LLC | 0 | $0 | 0.00% | −56,906−100.0% | Sold out |
| Axq Capital, LP | 0 | $0 | 0.00% | −54,788−100.0% | Sold out |
| Jain Global LLC | 0 | $0 | 0.00% | −52,400−100.0% | Sold out |
| McDonald Partners LLC | 0 | $0 | 0.00% | −45,654−100.0% | Sold out |
| AdvisorShares Investments LLC | 0 | $0 | 0.00% | −40,100−100.0% | Sold out |
| State of Michigan Retirement System | 0 | $0 | 0.00% | −38,785−100.0% | Sold out |
| Northwestern Mutual Investment Management Company, LLC | 0 | $0 | 0.00% | −36,015−100.0% | Sold out |
| New Mexico Educational Retirement Board | 0 | $0 | 0.00% | −34,800−100.0% | Sold out |
| Ameritas Investment Partners, Inc. | 0 | $0 | 0.00% | −31,318−100.0% | Sold out |
| Point72 (DIFC) Ltd | 0 | $0 | 0.00% | −30,172−100.0% | Sold out |
| Brown Financial Advisors | 0 | $0 | 0.00% | −29,908−100.0% | Sold out |
| Farringdon Capital, Ltd. | 0 | $0 | 0.00% | −28,256−100.0% | Sold out |
| Copley Financial Group, Inc. | 0 | $0 | 0.00% | −26,194−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −26,060−100.0% | Sold out |
| FORA Capital, LLC | 0 | $0 | 0.00% | −25,437−100.0% | Sold out |
| Stephens Inc | 0 | $0 | 0.00% | −19,265−100.0% | Sold out |
| Sigma Planning Corp | 0 | $0 | 0.00% | −18,004−100.0% | Sold out |
| Park Avenue Securities LLC | 0 | $0 | 0.00% | −17,944−100.0% | Sold out |
| Paloma Partners Management Co | 0 | $0 | 0.00% | −17,500−100.0% | Sold out |
| Regions Financial Corp | 0 | $0 | 0.00% | −17,471−100.0% | Sold out |
| Frank, Rimerman Advisors LLC | 0 | $0 | 0.00% | −16,056−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −14,102−100.0% | Sold out |
| Securian Asset Management, Inc | 0 | $0 | 0.00% | −12,284−100.0% | Sold out |
| Oxford Asset Management LLP | 0 | $0 | 0.00% | −11,462−100.0% | Sold out |
| Foundations Investment Advisors, LLC | 0 | $0 | 0.00% | −11,329−100.0% | Sold out |
| Financial Advocates Investment Management | 0 | $0 | 0.00% | −10,936−100.0% | Sold out |
| Paladin Wealth, LLC | 0 | $0 | 0.00% | −10,895−100.0% | Sold out |
| GW Henssler & Associates Ltd | 0 | $0 | 0.00% | −10,703−100.0% | Sold out |
| Marex Group plc | 0 | $0 | 0.00% | −10,568−100.0% | Sold out |
| SCS Capital Management LLC | 0 | $0 | 0.00% | −10,155−100.0% | Sold out |
| Mount Yale Investment Advisors, LLC | 0 | $0 | 0.00% | −2,167−100.0% | Sold out |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0 | $0 | 0.00% | −2,100−100.0% | Sold out |
| Geneos Wealth Management Inc. | 0 | $0 | 0.00% | −1,795−100.0% | Sold out |
| Alpine Bank Wealth Management | 0 | $0 | 0.00% | −1,637−100.0% | Sold out |
| S.A. Mason LLC | 0 | $0 | 0.00% | −1,600−100.0% | Sold out |
| High Note Wealth, LLC | 0 | $0 | 0.00% | −1,214−100.0% | Sold out |
| LRI Investments, LLC | 0 | $0 | 0.00% | −1,200−100.0% | Sold out |
| Skopos Labs, Inc. | 0 | $0 | 0.00% | −1,085−100.0% | Sold out |
| Bayforest Capital Ltd | 0 | $0 | 0.00% | −662−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −361−100.0% | Sold out |
| Avalon Trust Co | 0 | $0 | 0.00% | −284−100.0% | Sold out |
| Park Square Financial Group, LLC | 0 | $0 | 0.00% | −120−100.0% | Sold out |
| Sachetta, LLC | 0 | $0 | 0.00% | −113−100.0% | Sold out |
| Total Investment Management Inc | 0 | $0 | 0.00% | −17−100.0% | Sold out |
| Optiver Holding B.V. | 0 | $0 | 0.00% | −16−100.0% | Sold out |
| Rialto Wealth Management, LLC | 0 | $0 | 0.00% | −3−100.0% | Sold out |
| Newbridge Financial Services Group, Inc. | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Norges Bank | – | – | – | – | Not filed |
| First Horizon Advisors, Inc. | – | – | – | – | Not filed |
| Parkworth Wealth Management, Inc. | – | – | – | – | Not filed |
| Safe Harbor Fiduciary, LLC | – | – | – | – | Not filed |