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, Q4 2025
Institutional positions in Wendy's Co as of Dec 31, 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
- 429
- +33 vs. Q3 2025
- Shares held
- 190.4M
- +9.22M (+5.1%) vs. Q3 2025
- Total value
- $1.59B
- −$73.1M (−4.4%) vs. Q3 2025
- New holders
- 97
- 148 more added
- Sold out
- 64
- 131 more reduced
7 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Wendy's Co; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Trian Fund Management, L.P.SuperinvestorTrian Fund Management | 30,440,318 | $253.6M | 6.36% | +3,2950.0% | Added |
| BlackRock, Inc. | 24,905,595 | $207.5M | 0.00% | +797,103+3.3% | Added |
| Vanguard Group Inc | 17,134,262 | $142.7M | 0.00% | −1,455,546−7.8% | Reduced |
| AQR Capital Management LLC | 11,705,610 | $97.5M | 0.05% | +3,227,366+38.1% | Added |
| Harris Associates L PSuperinvestorHarris Associates (Oakmark) | 9,966,105 | $83.0M | 0.11% | −631,534−6.0% | Reduced |
| Charles Schwab Investment Management Inc | 7,091,847 | $59.1M | 0.01% | +227,023+3.3% | Added |
| Morgan Stanley | 6,549,066 | $54.6M | 0.00% | +357,814+5.8% | Added |
| State Street Corp | 5,446,335 | $45.4M | 0.00% | +102,084+1.9% | Added |
| Arrowstreet Capital, Limited Partnership | 4,287,667 | $35.7M | 0.02% | +11,454+0.3% | Added |
| Bank of America Corp | 4,257,211 | $35.5M | 0.00% | +1,285,381+43.3% | Added |
| Wells Fargo & Company | 4,224,648 | $35.2M | 0.01% | +2,966,517+235.8% | Added |
| Dimensional Fund Advisors LP | 3,946,544 | $32.9M | 0.01% | −327,749−7.7% | Reduced |
| Geode Capital Management, LLC | 3,196,092 | $26.6M | 0.00% | −385,673−10.8% | Reduced |
| Jane Street Group, LLC | 3,162,790 | $26.3M | 0.03% | +2,223,294+236.6% | Added |
| Millennium Management LLC | 2,380,938 | $19.8M | 0.01% | +381,068+19.1% | Added |
| Northern Trust Corp | 2,265,997 | $18.9M | 0.00% | +60,515+2.7% | Added |
| Bank of New York Mellon Corp | 2,216,154 | $18.5M | 0.00% | +163,799+8.0% | Added |
| UBS Group AG | 2,011,538 | $16.8M | 0.00% | −676,933−25.2% | Reduced |
| FMR LLC | 1,834,757 | $15.3M | 0.00% | +311,286+20.4% | Added |
| Gotham Asset Management, LLC | 1,805,023 | $15.0M | 0.05% | +325,153+22.0% | Added |
| Connor, Clark & Lunn Investment Management Ltd. | 1,689,170 | $14.1M | 0.04% | +562,703+50.0% | Added |
| Point72 Asset Management, L.P. | 1,563,923 | $13.0M | 0.02% | −1,371,371−46.7% | Reduced |
| Quinn Opportunity Partners LLC | 1,466,811 | $12.2M | 0.53% | +250,000+20.5% | Added |
| Goldman Sachs Group Inc | 1,316,668 | $11.0M | 0.00% | +561,241+74.3% | Added |
| Citadel Advisors LLC | 1,272,384 | $10.6M | 0.01% | +890,084+232.8% | Added |
| Marshall Wace, LLP | 1,136,992 | $9.47M | 0.01% | −2,892,750−71.8% | Reduced |
| Invesco Ltd. | 1,083,789 | $9.03M | 0.00% | +199,053+22.5% | Added |
| Quantinno Capital Management LP | 951,673 | $7.93M | 0.02% | −321,614−25.3% | Reduced |
| Squarepoint Ops LLC | 905,004 | $7.54M | 0.02% | −53,983−5.6% | Reduced |
| Janus Henderson Group PLC | 879,497 | $7.33M | 0.00% | +680,603+342.2% | Added |
| Susquehanna International Group, LLP | 851,545 | $7.09M | 0.01% | +230,653+37.1% | Added |
| Sound Income Strategies, LLC | 760,067 | $6.32M | 0.30% | −27,051−3.4% | Reduced |
| Principal Financial Group Inc | 750,432 | $6.25M | 0.00% | −9,188−1.2% | Reduced |
| Colony Group, LLC | 712,052 | $5.94M | 0.01% | +647,585+1,004.5% | Added |
| Schonfeld Strategic Advisors LLC | 697,655 | $5.81M | 0.03% | +697,655 | New |
| Two Sigma Advisers, LP | 672,805 | $5.60M | 0.01% | +260,600+63.2% | Added |
| First Trust Advisors LP | 652,325 | $5.43M | 0.00% | +552,830+555.6% | Added |
| Advisors Asset Management, Inc. | 628,044 | $5.23M | 0.09% | +115,639+22.6% | Added |
| Alps Advisors Inc | 599,839 | $5.00M | 0.03% | −34,465−5.4% | Reduced |
| Rhumbline Advisers | 547,447 | $4.56M | 0.00% | +24,367+4.7% | Added |
| Public Sector Pension Investment Board | 546,739 | $4.55M | 0.02% | −70,228−11.4% | Reduced |
| Cerity Partners LLC | 537,489 | $4.48M | 0.01% | +53,549+11.1% | Added |
| Dark Forest Capital Management LP | 536,103 | $4.47M | 0.20% | +413,259+336.4% | Added |
| Creative Planning | 520,688 | $4.34M | 0.00% | +126,077+31.9% | Added |
| Royal Bank of Canada | 498,697 | $4.15M | 0.00% | −416,993−45.5% | Reduced |
| UBS Asset Management Americas Inc | 492,574 | $4.10M | 0.00% | −19,492−3.8% | Reduced |
| Ieq Capital, LLC | 470,500 | $3.92M | 0.01% | +96,558+25.8% | Added |
| Holocene Advisors, LP | 459,057 | $3.82M | 0.01% | −4,867−1.0% | Reduced |
| Legal & General Group Plc | 444,529 | $3.70M | 0.00% | −18,775−4.1% | Reduced |
| Franklin Resources Inc | 419,194 | $3.49M | 0.00% | +301,588+256.4% | Added |
| SummitTX Capital, L.P. | 392,948 | $3.27M | 0.10% | +129,970+49.4% | Added |
| Ruffer LLP | 382,890 | $3.19M | 0.15% | +382,890 | New |
| Bessemer Group Inc | 379,554 | $3.16M | 0.00% | +377,714+20,527.9% | Added |
| IMC-Chicago, LLC | 366,436 | $3.05M | 0.05% | +87,830+31.5% | Added |
| Horizon Kinetics Asset Management LLC | 359,896 | $3.00M | 0.04% | −106,525−22.8% | Reduced |
| Deutsche Bank AG | 347,923 | $2.90M | 0.00% | +321,289+1,206.3% | Added |
| Verition Fund Management LLC | 346,485 | $2.89M | 0.02% | −125,832−26.6% | Reduced |
| Victory Capital Management Inc | 342,888 | $2.86M | 0.00% | +13,209+4.0% | Added |
| Soviero Asset Management, LP | 320,000 | $2.67M | 1.39% | +320,000 | New |
| Swiss National Bank | 319,400 | $2.66M | 0.00% | +3,000+0.9% | Added |
| Ameriprise Financial Inc | 315,107 | $2.62M | 0.00% | −7,744−2.4% | Reduced |
| HRT Financial LP | 295,052 | $2.46M | 0.01% | +295,052 | New |
| American Century Companies Inc | 283,149 | $2.36M | 0.00% | −11,369−3.9% | Reduced |
| Nuveen, LLC | 275,497 | $2.29M | 0.00% | −475,387−63.3% | Reduced |
| JPMorgan Chase & Co | 255,487 | $2.13M | 0.00% | +25,605+11.1% | Added |
| CWM, LLC | 232,447 | $1.94M | 0.01% | −7,676−3.2% | Reduced |
| Bridgefront Capital, LLC | 220,361 | $1.84M | 0.46% | +210,077+2,042.8% | Added |
| Guggenheim Capital LLC | 217,258 | $1.81M | 0.01% | +8,577+4.1% | Added |
| Wealth Enhancement Advisory Services, LLC | 210,519 | $1.78M | 0.00% | +44,327+26.7% | Added |
| New York State Teachers Retirement System | 202,417 | $1.69M | 0.00% | −1,553−0.8% | Reduced |
| State Board of Administration of Florida Retirement System | 196,604 | $1.64M | 0.00% | −23,810−10.8% | Reduced |
| Bank of Nova Scotia | 190,144 | $1.58M | 0.00% | +149,151+363.8% | Added |
| LPL Financial LLC | 183,633 | $1.53M | 0.00% | −2,127−1.1% | Reduced |
| Thrivent Financial for Lutherans | 182,088 | $1.52M | 0.00% | +67,980+59.6% | Added |
| Brevan Howard Capital Management LP | 181,945 | $1.52M | 0.03% | −87,589−32.5% | Reduced |
| Atom Investors LP | 177,565 | $1.48M | 0.12% | +114,689+182.4% | Added |
| Simplex Trading, LLC | 172,494 | $1.44M | 0.04% | −46,644−21.3% | Reduced |
| Great West Life Assurance Co | 167,596 | $1.40M | 0.00% | −1,715−1.0% | Reduced |
| Price T Rowe Associates Inc | 166,902 | $1.39M | 0.00% | +16,774+11.2% | Added |
| Federated Hermes, Inc. | 164,968 | $1.37M | 0.00% | −57,590−25.9% | Reduced |
| Group One Trading, L.P. | 163,686 | $1.36M | 0.04% | +6,039+3.8% | Added |
| Mariner, LLC | 163,458 | $1.36M | 0.00% | +51,169+45.6% | Added |
| California State Teachers Retirement System | 148,232 | $1.23M | 0.00% | −364−0.2% | Reduced |
| SEI Investments Co | 147,364 | $1.23M | 0.00% | −27,055−15.5% | Reduced |
| Prudential Financial Inc | 146,380 | $1.22M | 0.00% | −5,237−3.5% | Reduced |
| Captrust Financial Advisors | 144,561 | $1.20M | 0.00% | +32,147+28.6% | Added |
| Mirae Asset Global Investments Co., Ltd. | 142,825 | $1.19M | 0.00% | −4,688−3.2% | Reduced |
| Oak Thistle LLC | 140,064 | $1.17M | 0.16% | −39,019−21.8% | Reduced |
| BNP Paribas Arbitrage, SA | 131,507 | $1.10M | 0.00% | −68,539−34.3% | Reduced |
| Winton Group Ltd | 127,332 | $1.06M | 0.04% | +74,372+140.4% | Added |
| Citigroup Inc | 127,023 | $1.06M | 0.00% | −141,322−52.7% | Reduced |
| SG Americas Securities, LLC | 126,035 | $1.05M | 0.00% | +55,028+77.5% | Added |
| Bank of Montreal | 123,919 | $1.03M | 0.00% | +1,991+1.6% | Added |
| Summit Trail Advisors, LLC | 119,931 | $999.0K | 0.02% | −21,046−14.9% | Reduced |
| Alliancebernstein L.P. | 119,467 | $995.2K | 0.00% | −211,035−63.9% | Reduced |
| Worldquant Millennium Advisors LLC | 117,843 | $981.6K | 0.00% | +67,788+135.4% | Added |
| Barclays PLC | 116,152 | $967.5K | 0.00% | −24,878−17.6% | Reduced |
| ExodusPoint Capital Management, LP | 115,039 | $958.3K | 0.01% | +68,506+147.2% | Added |
| D. E. Shaw & Co., Inc. | 107,342 | $894.2K | 0.00% | +77,825+263.7% | Added |
| Pallas Capital Advisors LLC | 103,345 | $860.9K | 0.03% | −9,393−8.3% | Reduced |