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 |
|---|---|---|---|---|---|
| KLP Kapitalforvaltning AS | 102,500 | $853.8K | 0.00% | +3,000+3.0% | Added |
| Mercer Global Advisors Inc | 98,911 | $823.9K | 0.00% | +16,725+20.4% | Added |
| Quantbot Technologies LP | 98,576 | $821.1K | 0.03% | −27,739−22.0% | Reduced |
| Occudo Quantitative Strategies LP | 95,046 | $791.7K | 0.05% | +95,046 | New |
| Leonteq Securities AG | 94,283 | $785.4K | 0.04% | +21,198+29.0% | Added |
| Assenagon Asset Management S.A. | 93,735 | $780.8K | 0.00% | +93,735 | New |
| State of Alaska, Department of Revenue | 91,885 | $765.0K | 0.01% | +1,321+1.5% | Added |
| PEAK6 LLC | 91,334 | $760.8K | 0.02% | +91,334 | New |
| Jump Financial, LLC | 90,346 | $752.6K | 0.01% | −3,651−3.9% | Reduced |
| Walleye Trading LLC | 90,315 | $752.3K | 0.01% | +90,315 | New |
| Illinois Municipal Retirement Fund | 88,748 | $739.3K | 0.01% | +88,748 | New |
| New York State Common Retirement Fund | 88,431 | $736.6K | 0.00% | 00.0% | Unchanged |
| Lotus Technology Management, LP | 88,272 | $735.3K | 0.41% | +88,272 | New |
| Bridgewater Associates, LP | 87,531 | $729.1K | 0.00% | −9,674−10.0% | Reduced |
| Renaissance Technologies LLC | 86,282 | $718.7K | 0.00% | +86,282 | New |
| Gabelli Funds LLC | 84,000 | $699.7K | 0.00% | 00.0% | Unchanged |
| Commonwealth Equity Services, LLC | 83,382 | $694.6K | 0.00% | +26,432+46.4% | Added |
| Buckingham Strategic Partners | 82,273 | $685.3K | 0.01% | −3,339−3.9% | Reduced |
| State of Wisconsin Investment Board | 80,778 | $672.9K | 0.00% | −37,978−32.0% | Reduced |
| M&T Bank Corp | 77,933 | $649.0K | 0.00% | +39,396+102.2% | Added |
| Cetera Investment Advisers | 77,230 | $643.3K | 0.00% | +11,980+18.4% | Added |
| Exchange Traded Concepts, LLC | 75,914 | $632.4K | 0.01% | −2,238−2.9% | Reduced |
| Janney Montgomery Scott LLC | 74,087 | $617.0K | 0.00% | −7,063−8.7% | Reduced |
| Raymond James Financial Inc | 73,536 | $612.6K | 0.00% | −2,479−3.3% | Reduced |
| Louisiana State Employees Retirement System | 72,400 | $603.1K | 0.01% | −300−0.4% | Reduced |
| CI Private Wealth, LLC | 70,927 | $590.8K | 0.00% | +17,831+33.6% | Added |
| Legacy Capital Group California, Inc. | 68,441 | $570.1K | 0.14% | −440−0.6% | Reduced |
| Police & Firemen's Retirement System of New Jersey | 68,383 | $569.6K | 0.00% | −4,048−5.6% | Reduced |
| Kingsview Wealth Management, LLC | 67,338 | $560.9K | 0.01% | +67,338 | New |
| Treasurer of the State of North Carolina | 67,063 | $559.0K | 0.00% | −4,901−6.8% | Reduced |
| A&I Financial Services, LLC | 66,283 | $552.1K | 0.26% | +8,668+15.0% | Added |
| Mitsubishi UFJ Trust & Banking Corp | 65,635 | $546.7K | 0.00% | −67,837−50.8% | Reduced |
| Stifel Financial Corp | 64,118 | $534.1K | 0.00% | +5,154+8.7% | Added |
| Russell Investments Group, Ltd. | 63,769 | $531.2K | 0.00% | −8,386−11.6% | Reduced |
| Essential Partners LLC | 62,911 | $524.0K | 0.16% | −9,739−13.4% | Reduced |
| Empowered Funds, LLC | 62,352 | $519.4K | 0.01% | +5,280+9.3% | Added |
| Sequoia Financial Advisors, LLC | 57,844 | $481.8K | 0.00% | +27,621+91.4% | Added |
| Kimelman & Baird, LLC | 57,355 | $477.8K | 0.04% | −1,373−2.3% | Reduced |
| Campbell & CO Investment Adviser LLC | 56,884 | $473.8K | 0.02% | +35,115+161.3% | Added |
| Truist Financial Corp | 54,741 | $456.0K | 0.00% | −1,698−3.0% | Reduced |
| Public Employees Retirement System of Ohio | 53,907 | $449.0K | 0.00% | −856−1.6% | Reduced |
| Amundi | 53,159 | $442.8K | 0.00% | +53,159 | New |
| Evergreen Capital Management LLC | 52,732 | $439.3K | 0.01% | +13,513+34.5% | Added |
| International Assets Investment Management, LLC | 52,060 | $433.7K | 0.03% | +12,808+32.6% | Added |
| Toroso Investments, LLC | 51,856 | $432.0K | 0.00% | −15,788−23.3% | Reduced |
| Amalgamated Bank | 51,078 | $425.0K | 0.00% | +267+0.5% | Added |
| Merit Financial Group, LLC | 50,776 | $423.0K | 0.00% | +12,646+33.2% | Added |
| Eagle Harbor Asset Management Inc | 50,581 | $421.3K | 0.35% | −68,883−57.7% | Reduced |
| HighTower Advisors, LLC | 50,136 | $417.6K | 0.00% | −47,398−48.6% | Reduced |
| Shay Capital LLC | 50,000 | $416.5K | 0.07% | +50,000 | New |
| Jain Global LLC | 49,272 | $410.4K | 0.00% | +49,272 | New |
| Cannon Global Investment Management, LLC | 48,500 | $404.0K | 1.07% | +48,500 | New |
| Advisory Services Network, LLC | 48,082 | $400.5K | 0.01% | +4,685+10.8% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 48,169 | $400.0K | 0.00% | +29,444+157.2% | Added |
| Axq Capital, LP | 46,795 | $389.8K | 0.09% | +46,795 | New |
| Arizona State Retirement System | 45,151 | $376.1K | 0.00% | −3,125−6.5% | Reduced |
| Voya Investment Management LLC | 44,352 | $369.5K | 0.00% | −285,311−86.5% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 42,838 | $356.8K | 0.00% | 00.0% | Unchanged |
| Caxton Associates LLP | 40,492 | $337.3K | 0.01% | +40,492 | New |
| Centiva Capital, LP | 39,987 | $333.1K | 0.02% | +39,987 | New |
| Cambridge Investment Research Advisors, Inc. | 39,963 | $333.0K | 0.00% | −1,224−3.0% | Reduced |
| Advisor Group Holdings, Inc. | 39,546 | $329.4K | 0.00% | −23,757−37.5% | Reduced |
| TD Waterhouse Canada Inc. | 39,394 | $328.2K | 0.00% | +38,694+5,527.7% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 39,111 | $325.8K | 0.00% | −1,170−2.9% | Reduced |
| Teachers Retirement System of the State of Kentucky | 38,963 | $324.0K | 0.00% | −4,371−10.1% | Reduced |
| Neuberger Berman Group LLC | 38,537 | $321.0K | 0.00% | −9,707−20.1% | Reduced |
| Probity Advisors, Inc. | 37,727 | $314.3K | 0.05% | +7,930+26.6% | Added |
| Virtu Financial LLC | 37,663 | $314.0K | 0.01% | +37,663 | New |
| Oregon Public Employees Retirement Fund | 36,100 | $300.7K | 0.00% | +500+1.4% | Added |
| Vise Technologies, Inc. | 36,063 | $300.4K | 0.01% | +18,609+106.6% | Added |
| Pathstone Holdings, LLC | 35,996 | $299.9K | 0.00% | +8,330+30.1% | Added |
| Inceptionr LLC | 35,284 | $293.9K | 0.08% | +15,971+82.7% | Added |
| Manufacturers Life Insurance Company, The | 34,262 | $285.4K | 0.00% | +186+0.5% | Added |
| State of Tennessee, Treasury Department | 35,874 | $279.5K | 0.00% | +35,874 | New |
| Annis Gardner Whiting Capital Advisors, LLC | 33,495 | $279.0K | 0.05% | 00.0% | Unchanged |
| National Asset Management, Inc. | 33,147 | $276.1K | 0.01% | +33,147 | New |
| Maryland State Retirement & Pension System | 32,975 | $274.7K | 0.01% | +392+1.2% | Added |
| JustInvest LLC | 32,860 | $273.7K | 0.00% | +3,622+12.4% | Added |
| NCM Capital Management, LLC | 31,534 | $262.7K | 0.10% | −4,161−11.7% | Reduced |
| Hantz Financial Services, Inc. | 31,009 | $258.0K | 0.00% | +2,745+9.7% | Added |
| Handelsbanken Fonder AB | 30,857 | $257.0K | 0.00% | +3,400+12.4% | Added |
| The PNC Financial Services Group, Inc. | 30,397 | $253.2K | 0.00% | +23,714+354.8% | Added |
| HB Wealth Management, LLC | 29,841 | $248.6K | 0.00% | +10,465+54.0% | Added |
| Shelton Capital Management | 29,639 | $246.9K | 0.00% | +5,370+22.1% | Added |
| Envestnet Asset Management Inc | 29,419 | $245.1K | 0.00% | −24,996−45.9% | Reduced |
| Integrated Wealth Concepts LLC | 28,922 | $240.9K | 0.00% | −236−0.8% | Reduced |
| EntryPoint Capital, LLC | 28,899 | $240.7K | 0.09% | 00.0% | Unchanged |
| Jones Financial Companies LLLP | 28,850 | $240.3K | 0.00% | +8,559+42.2% | Added |
| Kaufman Rossin Wealth, LLC | 28,317 | $235.9K | 0.12% | −825−2.8% | Reduced |
| Ensign Peak Advisors, Inc | 28,190 | $234.8K | 0.00% | −41,500−59.5% | Reduced |
| Militia Capital Partners, LP | 28,000 | $233.2K | 0.09% | +28,000 | New |
| Pictet Asset Management Holding SA | 27,916 | $232.5K | 0.00% | 00.0% | Unchanged |
| Yousif Capital Management, LLC | 27,725 | $226.5K | 0.00% | −5,080−15.5% | Reduced |
| Summit Financial, LLC | 27,140 | $226.1K | 0.00% | +6,294+30.2% | Added |
| Boothbay Fund Management, LLC | 27,093 | $225.7K | 0.01% | −4,356−13.9% | Reduced |
| Boyar Asset Management Inc. | 25,858 | $215.4K | 0.14% | −2,028−7.3% | Reduced |
| Quadrant Capital Group LLC | 25,035 | $208.5K | 0.01% | +14,618+140.3% | Added |
| Prosperity Wealth Management, Inc. | 24,875 | $207.2K | 0.07% | +24,875 | New |
| Swiss Life Asset Management Ltd | 24,862 | $207.1K | 0.00% | +24,862 | New |
| Cullen Investment Group, Ltd. | 22,800 | $197.2K | 0.03% | −11,399−33.3% | Reduced |