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 |
|---|---|---|---|---|---|
| Squarepoint Ops LLC | 905,004 | $7.54M | 0.02% | −53,983−5.6% | Reduced |
| Quantinno Capital Management LP | 951,673 | $7.93M | 0.02% | −321,614−25.3% | Reduced |
| Invesco Ltd. | 1,083,789 | $9.03M | 0.00% | +199,053+22.5% | Added |
| Marshall Wace, LLP | 1,136,992 | $9.47M | 0.01% | −2,892,750−71.8% | Reduced |
| Citadel Advisors LLC | 1,272,384 | $10.6M | 0.01% | +890,084+232.8% | Added |
| Goldman Sachs Group Inc | 1,316,668 | $11.0M | 0.00% | +561,241+74.3% | Added |
| Quinn Opportunity Partners LLC | 1,466,811 | $12.2M | 0.53% | +250,000+20.5% | Added |
| Point72 Asset Management, L.P. | 1,563,923 | $13.0M | 0.02% | −1,371,371−46.7% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 1,689,170 | $14.1M | 0.04% | +562,703+50.0% | Added |
| Gotham Asset Management, LLC | 1,805,023 | $15.0M | 0.05% | +325,153+22.0% | Added |
| FMR LLC | 1,834,757 | $15.3M | 0.00% | +311,286+20.4% | Added |
| UBS Group AG | 2,011,538 | $16.8M | 0.00% | −676,933−25.2% | Reduced |
| Bank of New York Mellon Corp | 2,216,154 | $18.5M | 0.00% | +163,799+8.0% | Added |
| Northern Trust Corp | 2,265,997 | $18.9M | 0.00% | +60,515+2.7% | Added |
| Millennium Management LLC | 2,380,938 | $19.8M | 0.01% | +381,068+19.1% | Added |
| Jane Street Group, LLC | 3,162,790 | $26.3M | 0.03% | +2,223,294+236.6% | Added |
| Geode Capital Management, LLC | 3,196,092 | $26.6M | 0.00% | −385,673−10.8% | Reduced |
| Dimensional Fund Advisors LP | 3,946,544 | $32.9M | 0.01% | −327,749−7.7% | Reduced |
| Wells Fargo & Company | 4,224,648 | $35.2M | 0.01% | +2,966,517+235.8% | Added |
| Bank of America Corp | 4,257,211 | $35.5M | 0.00% | +1,285,381+43.3% | Added |
| Arrowstreet Capital, Limited Partnership | 4,287,667 | $35.7M | 0.02% | +11,454+0.3% | Added |
| State Street Corp | 5,446,335 | $45.4M | 0.00% | +102,084+1.9% | Added |
| Morgan Stanley | 6,549,066 | $54.6M | 0.00% | +357,814+5.8% | Added |
| Charles Schwab Investment Management Inc | 7,091,847 | $59.1M | 0.01% | +227,023+3.3% | Added |
| Harris Associates L PSuperinvestorHarris Associates (Oakmark) | 9,966,105 | $83.0M | 0.11% | −631,534−6.0% | Reduced |
| AQR Capital Management LLC | 11,705,610 | $97.5M | 0.05% | +3,227,366+38.1% | Added |
| Vanguard Group Inc | 17,134,262 | $142.7M | 0.00% | −1,455,546−7.8% | Reduced |
| BlackRock, Inc. | 24,905,595 | $207.5M | 0.00% | +797,103+3.3% | Added |
| Trian Fund Management, L.P.SuperinvestorTrian Fund Management | 30,440,318 | $253.6M | 6.36% | +3,2950.0% | Added |
| FIL Ltd | 0 | $0 | 0.00% | −684,264−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −675,170−100.0% | Sold out |
| Agf Management Ltd | 0 | $0 | 0.00% | −318,960−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −278,746−100.0% | Sold out |
| Parallax Volatility Advisers, L.P. | 0 | $0 | 0.00% | −201,917−100.0% | Sold out |
| CastleKnight Management LP | 0 | $0 | 0.00% | −190,500−100.0% | Sold out |
| Concurrent Investment Advisors, LLC | 0 | $0 | 0.00% | −119,756−100.0% | Sold out |
| Ilex Capital Partners (UK) LLP | 0 | $0 | 0.00% | −116,570−100.0% | Sold out |
| Engineers Gate Manager LP | 0 | $0 | 0.00% | −74,395−100.0% | Sold out |
| Shufro Rose & Co LLC | 0 | $0 | 0.00% | −40,984−100.0% | Sold out |
| Man Group plc | 0 | $0 | 0.00% | −52,458−100.0% | Sold out |
| Brighton Jones LLC | 0 | $0 | 0.00% | −49,378−100.0% | Sold out |
| Entropy Technologies, LP | 0 | $0 | 0.00% | −47,159−100.0% | Sold out |
| Aaron Wealth Advisors | 0 | $0 | 0.00% | −38,937−100.0% | Sold out |
| PVG Asset Management Corp | 0 | $0 | 0.00% | −33,725−100.0% | Sold out |
| Requisite Capital Management, LLC | 0 | $0 | 0.00% | −29,588−100.0% | Sold out |
| Catalytic Wealth RIA, LLC | 0 | $0 | 0.00% | −28,060−100.0% | Sold out |
| Scientech Research LLC | 0 | $0 | 0.00% | −27,194−100.0% | Sold out |
| Caption Management, LLC | 0 | $0 | 0.00% | −22,988−100.0% | Sold out |
| Kestra Private Wealth Services, LLC | 0 | $0 | 0.00% | −22,161−100.0% | Sold out |
| Optimist Retirement Group LLC | 0 | $0 | 0.00% | −22,146−100.0% | Sold out |
| Petrus Trust Company, LTA | 0 | $0 | 0.00% | −21,494−100.0% | Sold out |
| Teacher Retirement System of Texas | 0 | $0 | 0.00% | −21,444−100.0% | Sold out |
| Drucker Wealth 3.0, LLC | 0 | $0 | 0.00% | −20,174−100.0% | Sold out |
| Polymer Capital Management (HK) LTD | 0 | $0 | 0.00% | −20,000−100.0% | Sold out |
| Diligent Investors, LLC | 0 | $0 | 0.00% | −18,298−100.0% | Sold out |
| Lazard Asset Management LLC | 0 | $0 | 0.00% | −17,267−100.0% | Sold out |
| Fox Run Management, L.L.C. | 0 | $0 | 0.00% | −16,789−100.0% | Sold out |
| Sherbrooke Park Advisers LLC | 0 | $0 | 0.00% | −16,316−100.0% | Sold out |
| NorthRock Partners, LLC | 0 | $0 | 0.00% | −15,763−100.0% | Sold out |
| ISAM Funds (UK) Ltd | 0 | $0 | 0.00% | −15,718−100.0% | Sold out |
| Sendero Wealth Management, LLC | 0 | $0 | 0.00% | −13,865−100.0% | Sold out |
| Paradigm Financial Partners, LLC | 0 | $0 | 0.00% | −13,684−100.0% | Sold out |
| Western Pacific Wealth Management, LP | 0 | $0 | 0.00% | −13,055−100.0% | Sold out |
| Ascent Group, LLC | 0 | $0 | 0.00% | −12,790−100.0% | Sold out |
| BTG Pactual Asset Management US LLC | 0 | $0 | 0.00% | −12,370−100.0% | Sold out |
| Citizens Financial Group Inc | 0 | $0 | 0.00% | −12,062−100.0% | Sold out |
| Viking Fund Management LLC | 0 | $0 | 0.00% | −12,000−100.0% | Sold out |
| Intech Investment Management LLC | 0 | $0 | 0.00% | −11,100−100.0% | Sold out |
| Pitcairn Co | 0 | $0 | 0.00% | −10,846−100.0% | Sold out |
| State of Wyoming | 0 | $0 | 0.00% | −10,113−100.0% | Sold out |
| SJS Investment Consulting Inc. | 0 | $0 | 0.00% | −5,264−100.0% | Sold out |
| Richardson Financial Services Inc. | 0 | $0 | 0.00% | −2,895−100.0% | Sold out |
| Mather Group, LLC. | 0 | $0 | 0.00% | −2,263−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −2,016−100.0% | Sold out |
| Hillsdale Investment Management Inc. | 0 | $0 | 0.00% | −1,100−100.0% | Sold out |
| Joseph Group Capital Management | 0 | $0 | 0.00% | −908−100.0% | Sold out |
| Rise Advisors, LLC | 0 | $0 | 0.00% | −753−100.0% | Sold out |
| Principal Securities, Inc. | 0 | $0 | 0.00% | −676−100.0% | Sold out |
| Crewe Advisors LLC | 0 | $0 | 0.00% | −440−100.0% | Sold out |
| JPL Wealth Management, LLC | 0 | $0 | 0.00% | −425−100.0% | Sold out |
| Private Trust Co NA | 0 | $0 | 0.00% | −400−100.0% | Sold out |
| GoalVest Advisory LLC | 0 | $0 | 0.00% | −365−100.0% | Sold out |
| Bell Investment Advisors, Inc | 0 | $0 | 0.00% | −188−100.0% | Sold out |
| National Bank of Canada | 0 | $0 | 0.00% | −135−100.0% | Sold out |
| Heartwood Wealth Advisors LLC | 0 | $0 | 0.00% | −108−100.0% | Sold out |
| American Capital Advisory, LLC | 0 | $0 | 0.00% | −72−100.0% | Sold out |
| South State Corp. | 0 | $0 | 0.00% | −60−100.0% | Sold out |
| 1620 Investment Advisors, Inc. | 0 | $0 | 0.00% | −50−100.0% | Sold out |
| Bare Financial Services, Inc | 0 | $0 | 0.00% | −49−100.0% | Sold out |
| Smallwood Wealth Investment Management, LLC | 0 | $0 | 0.00% | −12−100.0% | Sold out |
| HFM Investment Advisors, LLC | 0 | $0 | 0.00% | −6−100.0% | Sold out |
| Cloud Capital Management, LLC | 0 | $0 | 0.00% | −1−100.0% | Sold out |
| Summit Wealth Group LLC | 0 | $0 | 0.00% | −5,559−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Wolverine Trading, LLC | – | – | – | – | Not filed |
| Sheets Smith Investment Management | – | – | – | – | Not filed |
| Cobblestone Capital Advisors LLC | – | – | – | – | Not filed |
| Point72 Asia (Singapore) Pte. Ltd. | – | – | – | – | Not filed |
| Binnacle Investments Inc | – | – | – | – | Not filed |
| Hemington Wealth Management | – | – | – | – | Not filed |