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 |
|---|---|---|---|---|---|
| We Are One Seven, LLC | 16,895 | $140.7K | 0.00% | +1,026+6.5% | Added |
| Williams Jones Wealth Management, LLC. | 17,000 | $141.6K | 0.00% | −1,500−8.1% | Reduced |
| Balyasny Asset Management LLC | 17,437 | $145.3K | 0.00% | +17,437 | New |
| Ausdal Financial Partners, Inc. | 17,651 | $147.0K | 0.01% | +3,489+24.6% | Added |
| Sivia Capital Partners, LLC | 17,712 | $147.5K | 0.03% | +17,712 | New |
| Public Employees Retirement Association of Colorado | 17,733 | $148.0K | 0.00% | 00.0% | Unchanged |
| O'Shaughnessy Asset Management, LLC | 17,776 | $148.1K | 0.00% | +17,776 | New |
| Murchinson Ltd. | 18,000 | $149.9K | 0.08% | +18,000 | New |
| Patriot Financial Group Insurance Agency, LLC | 18,033 | $150.2K | 0.02% | +18,033 | New |
| Mutual of America Capital Management LLC | 18,056 | $150.4K | 0.00% | +338+1.9% | Added |
| US Bancorp | 18,117 | $150.9K | 0.00% | +542+3.1% | Added |
| Wiley Bros.-Aintree Capital, LLC | 18,556 | $154.6K | 0.00% | +18,556 | New |
| Parallel Advisors, LLC | 18,728 | $156.0K | 0.00% | +11,209+149.1% | Added |
| Warren Averett Asset Management, LLC | 19,512 | $162.5K | 0.00% | +4,632+31.1% | Added |
| Syon Capital LLC | 19,600 | $163.3K | 0.01% | +4,860+33.0% | Added |
| Lido Advisors, LLC | 18,872 | $170.1K | 0.00% | +3,157+20.1% | Added |
| Sanctuary Advisors, LLC | 20,646 | $172.0K | 0.00% | +1,062+5.4% | Added |
| Evolve Private Wealth, LLC | 20,707 | $172.5K | 0.01% | +20,707 | New |
| Robertson Stephens Wealth Management, LLC | 21,409 | $178.3K | 0.01% | +21,409 | New |
| Alpine Global Management, LLC | 21,556 | $179.6K | 0.04% | +21,556 | New |
| Chicago Partners Investment Group LLC | 21,357 | $179.8K | 0.00% | −12,955−37.8% | Reduced |
| Krilogy Financial LLC | 22,263 | $179.9K | 0.01% | −2,712−10.9% | Reduced |
| Pensionmark Financial Group, LLC | 22,048 | $183.7K | 0.00% | +22,048 | New |
| Evoke Wealth, LLC | 22,174 | $184.7K | 0.00% | −7,481−25.2% | Reduced |
| Skopos Labs, Inc. | 22,229 | $184.9K | 0.01% | +22,229 | New |
| Comerica Bank | 22,235 | $185.2K | 0.00% | −10,097−31.2% | Reduced |
| Signaturefd, LLC | 22,320 | $185.9K | 0.00% | +15,599+232.1% | Added |
| Lecap Asset Management Ltd | 22,491 | $187.3K | 0.07% | +22,491 | New |
| XTX Topco Ltd | 22,729 | $189.3K | 0.00% | −40,639−64.1% | Reduced |
| Cullen Investment Group, Ltd. | 22,800 | $197.2K | 0.03% | −11,399−33.3% | Reduced |
| Swiss Life Asset Management Ltd | 24,862 | $207.1K | 0.00% | +24,862 | New |
| Prosperity Wealth Management, Inc. | 24,875 | $207.2K | 0.07% | +24,875 | New |
| Quadrant Capital Group LLC | 25,035 | $208.5K | 0.01% | +14,618+140.3% | Added |
| Boyar Asset Management Inc. | 25,858 | $215.4K | 0.14% | −2,028−7.3% | Reduced |
| Boothbay Fund Management, LLC | 27,093 | $225.7K | 0.01% | −4,356−13.9% | Reduced |
| Summit Financial, LLC | 27,140 | $226.1K | 0.00% | +6,294+30.2% | Added |
| Yousif Capital Management, LLC | 27,725 | $226.5K | 0.00% | −5,080−15.5% | Reduced |
| Pictet Asset Management Holding SA | 27,916 | $232.5K | 0.00% | 00.0% | Unchanged |
| Militia Capital Partners, LP | 28,000 | $233.2K | 0.09% | +28,000 | New |
| Ensign Peak Advisors, Inc | 28,190 | $234.8K | 0.00% | −41,500−59.5% | Reduced |
| Kaufman Rossin Wealth, LLC | 28,317 | $235.9K | 0.12% | −825−2.8% | Reduced |
| Jones Financial Companies LLLP | 28,850 | $240.3K | 0.00% | +8,559+42.2% | Added |
| EntryPoint Capital, LLC | 28,899 | $240.7K | 0.09% | 00.0% | Unchanged |
| Integrated Wealth Concepts LLC | 28,922 | $240.9K | 0.00% | −236−0.8% | Reduced |
| Envestnet Asset Management Inc | 29,419 | $245.1K | 0.00% | −24,996−45.9% | Reduced |
| Shelton Capital Management | 29,639 | $246.9K | 0.00% | +5,370+22.1% | Added |
| HB Wealth Management, LLC | 29,841 | $248.6K | 0.00% | +10,465+54.0% | Added |
| The PNC Financial Services Group, Inc. | 30,397 | $253.2K | 0.00% | +23,714+354.8% | Added |
| Handelsbanken Fonder AB | 30,857 | $257.0K | 0.00% | +3,400+12.4% | Added |
| Hantz Financial Services, Inc. | 31,009 | $258.0K | 0.00% | +2,745+9.7% | Added |
| NCM Capital Management, LLC | 31,534 | $262.7K | 0.10% | −4,161−11.7% | Reduced |
| JustInvest LLC | 32,860 | $273.7K | 0.00% | +3,622+12.4% | Added |
| Maryland State Retirement & Pension System | 32,975 | $274.7K | 0.01% | +392+1.2% | Added |
| National Asset Management, Inc. | 33,147 | $276.1K | 0.01% | +33,147 | New |
| Annis Gardner Whiting Capital Advisors, LLC | 33,495 | $279.0K | 0.05% | 00.0% | Unchanged |
| State of Tennessee, Treasury Department | 35,874 | $279.5K | 0.00% | +35,874 | New |
| Manufacturers Life Insurance Company, The | 34,262 | $285.4K | 0.00% | +186+0.5% | Added |
| Inceptionr LLC | 35,284 | $293.9K | 0.08% | +15,971+82.7% | Added |
| Pathstone Holdings, LLC | 35,996 | $299.9K | 0.00% | +8,330+30.1% | Added |
| Vise Technologies, Inc. | 36,063 | $300.4K | 0.01% | +18,609+106.6% | Added |
| Oregon Public Employees Retirement Fund | 36,100 | $300.7K | 0.00% | +500+1.4% | Added |
| Virtu Financial LLC | 37,663 | $314.0K | 0.01% | +37,663 | New |
| Probity Advisors, Inc. | 37,727 | $314.3K | 0.05% | +7,930+26.6% | Added |
| Neuberger Berman Group LLC | 38,537 | $321.0K | 0.00% | −9,707−20.1% | Reduced |
| Teachers Retirement System of the State of Kentucky | 38,963 | $324.0K | 0.00% | −4,371−10.1% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 39,111 | $325.8K | 0.00% | −1,170−2.9% | Reduced |
| TD Waterhouse Canada Inc. | 39,394 | $328.2K | 0.00% | +38,694+5,527.7% | Added |
| Advisor Group Holdings, Inc. | 39,546 | $329.4K | 0.00% | −23,757−37.5% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 39,963 | $333.0K | 0.00% | −1,224−3.0% | Reduced |
| Centiva Capital, LP | 39,987 | $333.1K | 0.02% | +39,987 | New |
| Caxton Associates LLP | 40,492 | $337.3K | 0.01% | +40,492 | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 42,838 | $356.8K | 0.00% | 00.0% | Unchanged |
| Voya Investment Management LLC | 44,352 | $369.5K | 0.00% | −285,311−86.5% | Reduced |
| Arizona State Retirement System | 45,151 | $376.1K | 0.00% | −3,125−6.5% | Reduced |
| Axq Capital, LP | 46,795 | $389.8K | 0.09% | +46,795 | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 48,169 | $400.0K | 0.00% | +29,444+157.2% | Added |
| Advisory Services Network, LLC | 48,082 | $400.5K | 0.01% | +4,685+10.8% | Added |
| Cannon Global Investment Management, LLC | 48,500 | $404.0K | 1.07% | +48,500 | New |
| Jain Global LLC | 49,272 | $410.4K | 0.00% | +49,272 | New |
| Shay Capital LLC | 50,000 | $416.5K | 0.07% | +50,000 | New |
| HighTower Advisors, LLC | 50,136 | $417.6K | 0.00% | −47,398−48.6% | Reduced |
| Eagle Harbor Asset Management Inc | 50,581 | $421.3K | 0.35% | −68,883−57.7% | Reduced |
| Merit Financial Group, LLC | 50,776 | $423.0K | 0.00% | +12,646+33.2% | Added |
| Amalgamated Bank | 51,078 | $425.0K | 0.00% | +267+0.5% | Added |
| Toroso Investments, LLC | 51,856 | $432.0K | 0.00% | −15,788−23.3% | Reduced |
| International Assets Investment Management, LLC | 52,060 | $433.7K | 0.03% | +12,808+32.6% | Added |
| Evergreen Capital Management LLC | 52,732 | $439.3K | 0.01% | +13,513+34.5% | Added |
| Amundi | 53,159 | $442.8K | 0.00% | +53,159 | New |
| Public Employees Retirement System of Ohio | 53,907 | $449.0K | 0.00% | −856−1.6% | Reduced |
| Truist Financial Corp | 54,741 | $456.0K | 0.00% | −1,698−3.0% | Reduced |
| Campbell & CO Investment Adviser LLC | 56,884 | $473.8K | 0.02% | +35,115+161.3% | Added |
| Kimelman & Baird, LLC | 57,355 | $477.8K | 0.04% | −1,373−2.3% | Reduced |
| Sequoia Financial Advisors, LLC | 57,844 | $481.8K | 0.00% | +27,621+91.4% | Added |
| Empowered Funds, LLC | 62,352 | $519.4K | 0.01% | +5,280+9.3% | Added |
| Essential Partners LLC | 62,911 | $524.0K | 0.16% | −9,739−13.4% | Reduced |
| Russell Investments Group, Ltd. | 63,769 | $531.2K | 0.00% | −8,386−11.6% | Reduced |
| Stifel Financial Corp | 64,118 | $534.1K | 0.00% | +5,154+8.7% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 65,635 | $546.7K | 0.00% | −67,837−50.8% | Reduced |
| A&I Financial Services, LLC | 66,283 | $552.1K | 0.26% | +8,668+15.0% | Added |
| Treasurer of the State of North Carolina | 67,063 | $559.0K | 0.00% | −4,901−6.8% | Reduced |