The Wendy'sWEN
13F holders, Q3 2025 (September 30)403holders +1
72new positions
67sold out
9famous investors
$9.16avg. 13F price*
At the end of Q3 2025, 403 institutions reported holding The Wendy's Co. (WEN) in their 13F filings, up 1 from Q2 2025. 72 opened new positions and 67 sold out. The largest holders were Trian Fund Management ($278.8M), BlackRock, Inc. ($220.8M) and Vanguard Group Inc. ($170.3M). 9 famous investors held it, including Nelson Peltz (6.8% of Trian Fund Management's portfolio), Bill Nygren (0.2% of Harris Associates (Oakmark Funds)'s portfolio) and Steve Cohen (0.1% of Point72 Asset Management's portfolio).
- Company
- The Wendy's Co.
- CUSIP
- 95058W100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 72 | $72.2M |
| Exits | 67 | $102.8M |
All 13F filers, Q2 2025 → Q3 2025: 26,343,461 shares bought and 39,417,523 shares sold, net −13,074,062 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 403 holders
| Trian Fund Management | 6.79% | Add +0.0% | 30,437,023 | $278.8M |
| BlackRock, Inc. | 0.00% | Add +21.9% | 24,108,492 | $220.8M |
| Vanguard Group Inc. | 0.00% | Reduce -12.6% | 18,589,808 | $170.3M |
| Harris Associates (Oakmark Funds) | 0.16% | Reduce -4.3% | 10,597,639 | $97.1M |
| AQR Capital Management | 0.05% | Reduce -38.8% | 8,478,244 | $77.2M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +4.4% | 6,864,824 | $62.9M |
| Morgan Stanley | 0.00% | Add +43.9% | 6,191,252 | $56.7M |
| State Street Corp. | 0.00% | Add +4.2% | 5,344,251 | $49.0M |
| Arrowstreet Capital, Limited Partnership | 0.02% | Reduce -15.2% | 4,276,213 | $39.2M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -0.9% | 4,274,293 | $39.2M |
| Marshall Wace, LLP | 0.04% | New | 4,029,742 | $36.9M |
| Geode Capital Management, LLC | 0.00% | Add +12.1% | 3,581,765 | $32.8M |
| Bank of America Corp. | 0.00% | Add +7.7% | 2,971,830 | $27.2M |
| Point72 Asset Management | 0.06% | Reduce -61.9% | 2,935,294 | $26.9M |
| UBS Group AG | 0.00% | Reduce -44.1% | 2,688,471 | $24.6M |
| Northern Trust Corp. | 0.00% | Add +9.0% | 2,205,482 | $20.2M |
| Bank of New York Mellon Corp | 0.00% | Reduce -15.8% | 2,052,355 | $18.8M |
| Millennium Management | 0.01% | Reduce -49.1% | 1,999,870 | $18.3M |
| FMR LLC | 0.00% | Add +4081.0% | 1,523,471 | $14.0M |
| Gotham Asset Management | 0.06% | Add +65.7% | 1,479,870 | $13.6M |
| Quantinno Capital Management LP | 0.03% | Add +692.2% | 1,273,287 | $11.7M |
| Wells Fargo & Company | 0.00% | Add +1254.2% | 1,258,131 | $11.5M |
| Quinn Opportunity Partners LLC | 0.81% | Add +382.8% | 1,216,811 | $11.1M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.03% | Reduce -0.7% | 1,126,467 | $10.3M |
| Squarepoint Ops LLC | 0.02% | New | 958,987 | $8.8M |
| Jane Street Group, LLC | 0.01% | Add +275.5% | 939,496 | $8.6M |
| Royal Bank of Canada | 0.00% | Reduce -35.5% | 915,690 | $8.4M |
| Invesco Ltd. | 0.00% | Add +44.1% | 884,736 | $8.1M |
| Principal Financial Group Inc. | 0.00% | Add +107.3% | 759,620 | $7.0M |
| Sound Income Strategies, LLC | 0.38% | Reduce -3.4% | 787,118 | $7.0M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -23.7% | 755,427 | $6.9M |
| Nuveen, LLC | 0.00% | Add +27.4% | 750,884 | $6.9M |
| FIL Ltd | 0.00% | Add +399.1% | 684,264 | $6.3M |
| NorthCoast Asset Management LLC | 0.02% | Add +60.1% | 675,170 | $6.2M |
| Alps Advisors Inc. | 0.03% | Add +71.7% | 634,304 | $5.8M |
| Susquehanna International Group, LLP | 0.01% | Add +79.0% | 620,892 | $5.7M |
| Public Sector Pension Investment Board | 0.02% | New | 616,967 | $5.7M |
| Cubist Systematic Strategies, LLC | 0.07% | Reduce -42.2% | 538,318 | $4.9M |
| Rhumbline Advisers | 0.00% | Reduce -25.2% | 523,080 | $4.8M |
| Advisors Asset Management, Inc. | 0.08% | Add +17.0% | 512,405 | $4.7M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -43.0% | 512,066 | $4.7M |
| Cerity Partners LLC | 0.01% | Add +0.2% | 483,940 | $4.4M |
| Verition Fund Management LLC | 0.03% | Reduce -14.4% | 472,317 | $4.3M |
| Horizon Kinetics Asset Management LLC | 0.05% | Reduce -33.3% | 466,421 | $4.3M |
| Holocene Advisors, LP | 0.01% | Reduce -14.8% | 463,924 | $4.2M |
| Legal & General Group Plc | 0.00% | Add +44.5% | 463,304 | $4.2M |
| Two Sigma Advisers, LP | 0.01% | New | 412,205 | $3.8M |
| Creative Planning | 0.00% | Add +29.6% | 394,611 | $3.6M |
| Citadel Advisors | 0.00% | Reduce -41.6% | 382,300 | $3.5M |
| Ieq Capital, LLC | 0.01% | Reduce -40.6% | 373,942 | $3.4M |
| Alliancebernstein L.P. | 0.00% | Add +48.5% | 330,502 | $3.0M |
| Victory Capital Management Inc. | 0.00% | Add +19.8% | 329,679 | $3.0M |
| Voya Investment Management LLC | 0.00% | Reduce -56.7% | 329,663 | $3.0M |
| Ameriprise Financial Inc. | 0.00% | Add +69.7% | 322,851 | $3.0M |
| Agf Management Ltd. | 0.01% | Add +17.6% | 318,960 | $2.9M |
| Swiss National Bank | 0.00% | Reduce -2.9% | 316,400 | $2.9M |
| Baird Financial Group, Inc. | 0.00% | Add +2.8% | 303,332 | $2.8M |
| American Century Companies Inc. | 0.00% | Add +24.5% | 294,518 | $2.7M |
| Qube Research & Technologies Ltd | 0.00% | Reduce -73.8% | 278,746 | $2.6M |
| IMC-Chicago, LLC | 0.05% | Add +59.8% | 278,606 | $2.6M |
| Brevan Howard Capital Management LP | 0.04% | Reduce -41.9% | 269,534 | $2.5M |
| Citigroup Inc. | 0.00% | Reduce -42.6% | 268,345 | $2.5M |
| SummitTX Capital, L.P. | 0.10% | Add +212.0% | 262,978 | $2.4M |
| Cwm, LLC | 0.01% | Add +0.3% | 240,123 | $2.2M |
| Arax Advisory Partners | 0.03% | Add +371532.8% | 237,845 | $2.2M |
| JPMorgan Chase & Co. | 0.00% | Reduce -88.8% | 229,882 | $2.1M |
| Federated Hermes, Inc. | 0.00% | Reduce -63.0% | 222,558 | $2.0M |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -3.5% | 220,414 | $2.0M |
| Simplex Trading, LLC | 0.04% | New | 219,138 | $2.0M |
| Guggenheim Capital LLC | 0.01% | Reduce -8.5% | 208,681 | $1.9M |
| New York State Teachers Retirement System | 0.00% | Add +9.7% | 203,970 | $1.9M |
| Parallax Volatility Advisers, L.P. | 0.06% | New | 201,917 | $1.8M |
| BNP Paribas Financial Markets | 0.00% | Add +30.0% | 200,046 | $1.8M |
| Janus Henderson Group PLC | 0.00% | Reduce -93.9% | 198,894 | $1.8M |
| CastleKnight Management LP | 0.09% | Reduce -11.5% | 190,500 | $1.7M |
| LPL Financial LLC | 0.00% | Add +0.1% | 185,760 | $1.7M |
| Oak Thistle LLC | 0.25% | New | 179,083 | $1.6M |
| Sei Investments Co. | 0.00% | Reduce -10.7% | 174,419 | $1.6M |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +31.9% | 169,311 | $1.5M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +3.6% | 166,192 | $1.5M |
| Group One Trading LLC | 0.04% | Reduce -1.7% | 157,647 | $1.4M |
| Prudential Financial Inc. | 0.00% | Add +866.5% | 151,617 | $1.4M |
| T. Rowe Price Associates Inc. | 0.00% | Add +3.5% | 150,128 | $1.4M |
| California State Teachers Retirement System | 0.00% | Reduce -6.7% | 148,596 | $1.4M |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Add +0.5% | 147,513 | $1.4M |
| Barclays PLC | 0.00% | Reduce -50.1% | 141,030 | $1.3M |
| Summit Trail Advisors, LLC | 0.02% | Add +287.8% | 140,977 | $1.3M |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | Add +67.6% | 133,472 | $1.2M |
| Quantbot Technologies LP | 0.03% | Reduce -41.6% | 126,315 | $1.2M |
| Dark Forest Capital Management LP | 0.04% | Add +189.8% | 122,844 | $1.1M |
| Bank of Montreal | 0.00% | Reduce -0.9% | 121,928 | $1.1M |
| Concurrent Investment Advisors, LLC | 0.02% | Add +23.6% | 119,756 | $1.1M |
| Eagle Harbor Asset Management Inc. | 0.95% | Add +12.6% | 119,464 | $1.1M |
| State of Wisconsin Investment Board | 0.00% | Add +452.0% | 118,756 | $1.1M |
| Franklin Resources Inc. | 0.00% | Add +3.2% | 117,606 | $1.1M |
| Ilex Capital Partners (UK) LLP | 0.03% | New | 116,570 | $1.1M |
| Thrivent Financial for Lutherans | 0.00% | Add +200.4% | 114,108 | $1.0M |
| Pallas Capital Advisors LLC | 0.04% | No change | 112,738 | $1.0M |
| Captrust Financial Advisors | 0.00% | Add +10.1% | 112,414 | $1.0M |
| Mariner, LLC | 0.00% | Reduce -7.6% | 112,289 | $1.0M |
"% of holder's portfolio" is WEN's weight in each manager's 13F, not the share of The Wendy's Co. the manager owns.