The Wendy'sWEN
13F holders, Q3 2025 (September 30)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 |
| KLP Kapitalforvaltning As | 0.00% | No change | 99,500 | $911K |
| First Trust Advisors LP | 0.00% | Reduce -73.6% | 99,495 | $911K |
| HighTower Advisors, LLC | 0.00% | Add +52.9% | 97,534 | $893K |
| Bridgewater Associates | 0.00% | New | 97,205 | $890K |
| Jump Financial, LLC | 0.01% | Reduce -43.9% | 93,997 | $861K |
| CSS LLC | 0.15% | Add +31.3% | 90,872 | $832K |
| State of Alaska, Department of Revenue | 0.01% | Add +399.3% | 90,564 | $829K |
| New York State Common Retirement Fund | 0.00% | No change | 88,431 | $810K |
| Gabelli Funds LLC | 0.01% | Reduce -6.9% | 84,000 | $769K |
| Mercer Global Advisors Inc. | 0.00% | Add +34.5% | 82,186 | $753K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +28.1% | 85,612 | $751K |
| Janney Montgomery Scott LLC | 0.00% | Add +11.7% | 81,150 | $743K |
| Exchange Traded Concepts, LLC | 0.01% | Add +46.8% | 78,152 | $716K |
| Raymond James Financial Inc. | 0.00% | Add +20.5% | 76,015 | $696K |
| Wolverine Trading, LLC | 0.01% | Add +132.7% | 75,791 | $692K |
| Engineers Gate Manager LP | 0.01% | Reduce -68.7% | 74,395 | $681K |
| Leonteq Securities AG | 0.04% | Add +49.7% | 73,085 | $669K |
| Louisiana State Employees Retirement System | 0.01% | Add +60.1% | 72,700 | $666K |
| Essential Partners LLC | 0.22% | No change | 72,650 | $665K |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Add +13.9% | 72,431 | $663K |
| Russell Investments Group, Ltd. | 0.00% | Add +759.2% | 72,155 | $661K |
| Treasurer of the State of North Carolina | 0.00% | Reduce -5.8% | 71,964 | $659K |
| SG Americas Securities, LLC | 0.00% | Add +11.8% | 71,007 | $650K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -16.3% | 69,690 | $638K |
| Legacy Capital Group California, Inc. | 0.16% | New | 68,881 | $631K |
| Osaic Holdings, Inc. | 0.00% | Reduce -35.9% | 63,303 | $622K |
| Tidal Investments LLC | 0.00% | Reduce -23.0% | 67,644 | $620K |
| Shufro Rose & Co. LLC | 0.05% | Reduce -0.5% | 40,984 | $600K |
| Cetera Investment Advisers | 0.00% | Add +25.1% | 65,250 | $598K |
| Focus Partners Wealth | 0.00% | Add +9.7% | 64,467 | $591K |
| XTX Topco Ltd | 0.03% | Reduce -81.8% | 63,368 | $580K |
| Atom Investors LP | 0.04% | Add +143.0% | 62,876 | $576K |
| A&I Financial Services, LLC | 0.27% | New | 57,615 | $545K |
| Stifel Financial Corp. | 0.00% | Add +138.2% | 58,964 | $540K |
| Kimelman & Baird, LLC | 0.04% | No change | 58,728 | $538K |
| Empowered Funds, LLC | 0.01% | Reduce -12.2% | 57,072 | $523K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -11.2% | 56,950 | $522K |
| Truist Financial Corp. | 0.00% | Reduce -1.5% | 56,439 | $517K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -0.3% | 54,763 | $502K |
| Envestnet Asset Management Inc. | 0.00% | New | 54,415 | $498K |
| Corient Private Wealth LP | 0.00% | Add +47.6% | 53,096 | $487K |
| WINTON GROUP Ltd | 0.02% | Add +276.6% | 52,960 | $485K |
| Man Group plc | 0.00% | Reduce -74.2% | 52,458 | $481K |
| AlphaQuest LLC | 0.03% | Add +1716266.7% | 51,491 | $472K |
| International Assets Investment Management, LLC | 0.04% | No change | 39,252 | $466K |
| Amalgamated Bank | 0.00% | Reduce -32.9% | 50,811 | $465K |
| Worldquant Millennium Advisors LLC | 0.00% | Add +201.8% | 50,055 | $459K |
| Brighton Jones LLC | 0.01% | Reduce -0.9% | 49,378 | $452K |
| Arizona State Retirement System | 0.00% | Reduce -2.9% | 48,276 | $442K |
| Neuberger Berman Group LLC | 0.00% | Reduce -16.4% | 48,244 | $442K |
| Entropy Technologies, LP | 0.03% | New | 47,159 | $432K |
| ExodusPoint Capital Management, LP | 0.01% | Reduce -47.5% | 46,533 | $426K |
| Advisory Services Network, LLC | 0.01% | Reduce -16.4% | 43,397 | $398K |
| Teachers Retirement System of the State of Kentucky | 0.00% | Reduce -23.4% | 43,334 | $397K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 42,838 | $392K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +18.8% | 41,187 | $377K |
| Bank of Nova Scotia | 0.00% | Add +3.4% | 40,993 | $375K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -2.8% | 40,281 | $369K |
| Evergreen Capital Management LLC | 0.01% | New | 39,219 | $359K |
| Aaron Wealth Advisors LLC | 0.02% | New | 38,937 | $357K |
| M&T Bank Corp | 0.00% | Add +126.9% | 38,537 | $353K |
| Merit Financial Group, LLC | 0.00% | Add +0.8% | 38,130 | $349K |
| NCM Capital Management, LLC | 0.13% | No change | 35,695 | $327K |
| Cullen Investment Group, LTD. | 0.04% | Reduce -3.7% | 34,199 | $327K |
| Oregon Public Employees Retirement Fund | 0.00% | Add +7.8% | 35,600 | $326K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -72.6% | 34,076 | $312K |
| PVG Asset Management Corp. | 1.14% | New | 33,725 | $309K |
| Sheets Smith Investment Management | 0.20% | New | 33,725 | $309K |
| Tower Research Capital LLC (TRC) | 0.01% | Add +290.4% | 33,686 | $309K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.06% | New | 33,495 | $307K |
| Yousif Capital Management, LLC | 0.00% | Reduce -13.4% | 32,805 | $300K |
| Chicago Partners Investment Group LLC | 0.01% | Add +71.0% | 34,312 | $300K |
| Maryland State Retirement & Pension System | 0.01% | New | 32,583 | $298K |
| Comerica Bank | 0.00% | Reduce -0.0% | 32,332 | $296K |
| Boothbay Fund Management, LLC | 0.01% | New | 31,449 | $288K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +29.3% | 30,223 | $277K |
| Summit Wealth Group LLC / Co. | 0.03% | New | 5,559 | $275K |
| Probity Advisors, Inc. | 0.04% | Add +21.4% | 29,797 | $273K |
| Evoke Wealth, LLC | 0.01% | Reduce -5.0% | 29,655 | $272K |
| Requisite Capital Management, LLC | 0.05% | New | 29,588 | $271K |
| D. E. Shaw & Co. | 0.00% | New | 29,517 | $270K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Add +21.6% | 29,238 | $268K |
| Integrated Wealth Concepts LLC | 0.00% | Reduce -0.3% | 29,158 | $267K |
| Kaufman Rossin Wealth, LLC | 0.15% | No change | 29,142 | $267K |
| EntryPoint Capital, LLC | 0.10% | Reduce -34.5% | 28,899 | $265K |
| Hantz Financial Services, Inc. | 0.00% | Add +43.5% | 28,264 | $259K |
| Walleye Capital LLC | 0.00% | Add +1130.1% | 28,157 | $258K |
| GC Wealth Management RIA, LLC | 0.01% | New | 28,060 | $257K |
| Pictet Asset Management Holding SA | 0.00% | No change | 27,916 | $256K |
| Boyar Asset Management Inc. | 0.16% | Add +0.0% | 27,886 | $255K |
| Pathstone Holdings, LLC | 0.00% | New | 27,666 | $253K |
| Handelsbanken Fonder AB | 0.00% | No change | 27,457 | $252K |
| Scientech Research LLC | 0.09% | Reduce -44.9% | 27,194 | $249K |
| Deutsche Bank AG | 0.00% | Reduce -20.4% | 26,634 | $244K |
| Krilogy Financial LLC | 0.01% | New | 24,975 | $227K |
| CIBC Private Wealth Group LLC | 0.00% | Add +9.9% | 24,394 | $223K |
| Shelton Capital Management | 0.00% | Reduce -20.2% | 24,269 | $222K |
| Caption Management, LLC | 0.01% | Add +14.9% | 22,988 | $211K |
| Kestra Private Wealth Services, LLC | 0.00% | Reduce -15.7% | 22,161 | $203K |
| Optimist Retirement Group LLC | 0.09% | Add +22.3% | 22,146 | $203K |
| Orion Porfolio Solutions, LLC | 0.00% | New | 22,026 | $202K |
| Campbell & CO Investment Adviser LLC | 0.02% | New | 21,769 | $199K |
| Petrus Trust Company, LTA | 0.02% | New | 21,494 | $197K |
| Teacher Retirement System of Texas | 0.00% | Reduce -17.2% | 21,444 | $196K |
| Summit Financial, LLC | 0.00% | New | 20,846 | $191K |
| Cobblestone Capital Advisors LLC | 0.01% | Reduce -4.8% | 20,842 | $191K |
| HUB Investment Partners, LLC | 0.01% | New | 20,835 | $191K |
| Ballentine Partners, LLC | 0.00% | New | 20,610 | $189K |
| Jones Financial Companies LLLP | 0.00% | Add +121.8% | 20,291 | $187K |
| Drucker Wealth 3.0, LLC | 0.03% | New | 20,174 | $185K |
| Polymer Capital Management (HK) LTD | 0.03% | New | 20,000 | $183K |
| Sanctuary Advisors, LLC | 0.00% | Add +0.5% | 19,584 | $179K |
| HB Wealth Management, LLC | 0.00% | Add +11.7% | 19,376 | $177K |
| Inceptionr LLC | 0.04% | New | 19,313 | $177K |
| Point72 Asia (Singapore) Pte. Ltd. | 0.03% | Reduce -38.9% | 18,930 | $173K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | New | 18,725 | $172K |
| Williams Jones Wealth Management, LLC. | 0.00% | No change | 18,500 | $169K |
| Waddell & Associates, LLC | 0.01% | No change | 18,419 | $169K |
| Diligent Investors, LLC | 0.04% | New | 18,298 | $168K |
| Mutual of America Capital Management LLC | 0.00% | Reduce -77.9% | 17,718 | $162K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 17,733 | $162K |
| US Bancorp \de | 0.00% | Add +3.0% | 17,575 | $161K |
| Vise Technologies, Inc. | 0.01% | Reduce -6.9% | 17,454 | $160K |
| Lazard Asset Management LLC | 0.00% | Add +150.3% | 17,267 | $158K |
| Hennion & Walsh Asset Management, Inc. | 0.01% | Reduce -3.1% | 17,085 | $156K |
| Fox Run Management, L.L.C. | 0.02% | Reduce -71.1% | 16,789 | $154K |
| United Capital Financial Advisors, LLC | 0.00% | Add +50.0% | 16,502 | $151K |
| Sherbrooke Park Advisers LLC | 0.07% | New | 16,316 | $149K |
| North Star Investment Management Corp. | 0.01% | Reduce -22.0% | 15,962 | $146K |
| Aster Capital Management (DIFC) Ltd | 0.07% | Reduce -70.9% | 15,960 | $146K |
| Mgo One Seven LLC | 0.00% | Add +27.3% | 15,869 | $145K |
| NorthRock Partners, LLC | 0.00% | Add +18.2% | 15,763 | $144K |
| iSAM Funds (UK) Ltd | 0.03% | New | 15,718 | $144K |
| Lido Advisors, LLC | 0.00% | Reduce -8.3% | 15,715 | $144K |
| Catalyst Funds Management Pty Ltd | 0.02% | New | 15,600 | $143K |
| FSM Wealth Advisors, LLC | 0.02% | Reduce -0.5% | 15,442 | $141K |
| waypoint wealth counsel | 0.05% | No change | 15,045 | $138K |
| Barnett & Company, Inc. | 0.11% | New | 15,000 | $137K |
| Allworth Financial LP | 0.00% | Add +131.4% | 14,919 | $137K |
| Waverly Advisors, LLC | 0.00% | No change | 14,880 | $136K |
| SYM FINANCIAL Corp | 0.01% | No change | 14,869 | $136K |
| ESL Trust Services, LLC | 0.03% | No change | 14,866 | $136K |
| Syon Capital LLC | 0.01% | New | 14,740 | $135K |
| 1ST Source Bank | 0.01% | No change | 14,585 | $134K |
| Towerview LLC | 0.10% | No change | 14,500 | $133K |
| Xponance LLC | 0.00% | Reduce -41.8% | 14,484 | $133K |
| Ausdal Financial Partners, Inc. | 0.01% | Add +14.2% | 14,162 | $130K |
| Composition Wealth, LLC | 0.00% | Reduce -14.6% | 14,018 | $128K |
| Sendero Wealth Management, LLC | 0.01% | Reduce -1.1% | 13,865 | $127K |
| Everhart Financial Group, Inc. | 0.01% | Add +36.3% | 13,854 | $127K |
| Trivium Point Advisory, LLC | 0.01% | Reduce -7.2% | 13,684 | $125K |
| UMB Bank, n.a. | 0.00% | Add +1.3% | 13,336 | $122K |
| Nisa Investment Advisors, LLC | 0.00% | Add +503.1% | 13,274 | $122K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +2.2% | 13,161 | $121K |
| Transcend Capital Advisors, LLC | 0.01% | Reduce -0.8% | 13,099 | $120K |
| Western Pacific Wealth Management, LP | 0.12% | No change | 13,055 | $120K |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 0.02% | No change | 13,000 | $119K |
| Miller Financial Services LLC | 0.14% | Reduce -16.5% | 12,907 | $118K |
| PDS Planning, Inc | 0.01% | Add +0.3% | 12,893 | $118K |
| Crossmark Global Holdings, Inc. | 0.00% | Reduce -13.4% | 12,859 | $118K |
| Ascent Group, LLC | 0.00% | Reduce -52.3% | 12,790 | $117K |
| Quarry LP | 0.03% | New | 12,633 | $116K |
| BTG Pactual Asset Management US LLC | 0.01% | Add +23.0% | 12,370 | $113K |
| Capital Investment Advisors, LLC | 0.00% | Reduce -1.2% | 12,148 | $111K |
| Whitcomb & Hess, Inc. | 0.03% | Add +3.1% | 12,116 | $111K |
| Citizens Financial Group Inc. | 0.00% | New | 12,062 | $110K |
| Viking Fund Management LLC | 0.01% | Add +50.0% | 12,000 | $110K |
| Johnson Investment Counsel Inc. | 0.00% | Add +3.7% | 11,974 | $110K |
| CIBC Asset Management Inc | 0.00% | New | 11,923 | $109K |
| Earned Wealth Advisors, LLC | 0.02% | Add +10.8% | 11,814 | $108K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -24.8% | 11,806 | $108K |
| HSBC Holdings PLC | 0.00% | Reduce -59.3% | 11,302 | $103K |
| NewEdge Advisors, LLC | 0.00% | Reduce -4.7% | 11,251 | $103K |
| Intech Investment Management LLC | 0.00% | Reduce -96.8% | 11,100 | $102K |
| Coldstream Capital Management Inc. | 0.00% | New | 11,060 | $101K |
| Pitcairn Co. | 0.01% | New | 10,846 | $99K |
| Quadrant Capital Group LLC | 0.00% | New | 10,417 | $95K |
| denkapparat Operations GmbH | 0.06% | No change | 10,338 | $95K |
| Bridgefront Capital, LLC | 0.03% | Reduce -85.9% | 10,284 | $94K |
| Huntington National Bank | 0.00% | Add +0.9% | 10,129 | $93K |
| State of Wyoming | 0.01% | Reduce -41.2% | 10,113 | $93K |
| Pinnacle Associates Ltd. | 0.00% | No change | 10,040 | $92K |
| Cherokee Insurance Co | 0.04% | New | 10,000 | $92K |
| LSV Asset Management | 0.00% | No change | 9,800 | $90K |
| MAI Capital Management | 0.00% | Reduce -0.8% | 9,331 | $85K |
| Covestor Ltd | 0.04% | Add +54.4% | 8,611 | $79K |
| Rockefeller Capital Management L.P. | 0.00% | New | 8,573 | $79K |
| Security National Bank | 0.01% | Add +101.5% | 7,962 | $73K |
| Parallel Advisors, LLC | 0.00% | Add +3.8% | 7,519 | $69K |
| Signaturefd, LLC | 0.00% | Add +26.0% | 6,721 | $62K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -12.6% | 6,683 | $61K |
| KBC Group NV | 0.00% | Add +85.1% | 6,196 | $57K |
| MetLife Investment Management, LLC | 0.00% | Reduce -93.4% | 5,974 | $55K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 5,920 | $54K |
| Sterling Capital Management LLC | 0.00% | Reduce -6.2% | 5,686 | $52K |
| Farther Finance Advisors, LLC | 0.00% | Add +527.2% | 5,400 | $49K |
| SJS Investment Consulting Inc. | 0.01% | New | 5,264 | $48K |
| IFP Advisors, Inc | 0.00% | Reduce -37.6% | 4,764 | $44K |
| True Wealth Design, LLC | 0.01% | Add +14.5% | 4,689 | $43K |
| STRS Ohio | 0.00% | Reduce -2.1% | 3,827 | $35K |
| Steward Partners Investment Advisory, LLC | 0.00% | Reduce -13.7% | 3,467 | $32K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +205.0% | 3,257 | $30K |
| Versant Capital Management, Inc | 0.00% | Add +19693.8% | 3,167 | $29K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 3,107 | $28K |
| Cornerstone Planning Group LLC | 0.00% | New | 111 | $28K |
| Investors Research Corp | 0.01% | New | 3,000 | $27K |
| Richardson Financial Services Inc. | 0.02% | Reduce -34.4% | 2,895 | $27K |
| Pflug Koory, LLC | 0.01% | No change | 2,805 | $26K |
| SBI Securities Co., Ltd. | 0.00% | Add +3.2% | 2,710 | $25K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | No change | 2,434 | $22K |
| Mather Group, Llc. | 0.00% | New | 2,263 | $21K |
| Global Retirement Partners, LLC | 0.00% | Add +4.3% | 2,235 | $20K |
| Hazlett, Burt & Watson, Inc. | 0.01% | No change | 2,125 | $19K |
| Wealthspire Advisors, LLC | 0.00% | New | 2,016 | $18K |
| CX Institutional | 0.00% | No change | 1,825 | $17K |
| Bessemer Group Inc. | 0.00% | New | 1,840 | $17K |
| Harvest Fund Management Co., Ltd | 0.00% | No change | 1,075 | $16K |
| Salomon & Ludwin, LLC | 0.00% | New | 1,600 | $15K |
| Field & Main Bank | 0.00% | No change | 1,500 | $14K |
| Fifth Third Bancorp | 0.00% | Reduce -17.7% | 1,467 | $13K |
| Motco | 0.00% | No change | 1,417 | $13K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -93.1% | 1,411 | $13K |
| Harbour Investments, Inc. | 0.00% | Add +17300.0% | 1,392 | $13K |
| Assetmark, Inc. | 0.00% | Reduce -10.9% | 1,302 | $12K |
| Danske Bank A/S | 0.00% | No change | 1,300 | $12K |
| Larson Financial Group LLC | 0.00% | Reduce -25.4% | 1,297 | $12K |
| First United Bank & Trust | 0.00% | No change | 1,233 | $11K |
| Farmers & Merchants Investments Inc. | 0.00% | Add +0.7% | 1,212 | $11K |
| Spurstone Advisory Services, LLC | 0.16% | Add +100.0% | 1,200 | $11K |
| Hillsdale Investment Management Inc. | 0.00% | No change | 1,100 | $10K |
| Parkside Financial Bank & Trust | 0.00% | Reduce -20.2% | 1,095 | $10K |
| Cullen/Frost Bankers, Inc. | 0.00% | No change | 1,076 | $10K |
| Bangor Savings Bank | 0.00% | No change | 1,000 | $9K |
| CoreCap Advisors, LLC | 0.00% | Reduce -20.0% | 1,000 | $9K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 1,000 | $9K |
| Quent Capital, LLC | 0.00% | New | 912 | $8K |
| Joseph Group Capital Management | 0.00% | No change | 908 | $8K |
| Medallion Wealth Advisors, LLC | 0.00% | Reduce -50.0% | 800 | $7K |
| Rise Advisors, LLC | 0.00% | Add +1.4% | 753 | $7K |
| Pittenger & Anderson Inc. | 0.00% | No change | 750 | $7K |
| TD Waterhouse Canada Inc. | 0.00% | Add +16.7% | 700 | $7K |
| Caitong International Asset Management Co., Ltd | 0.00% | Add +3822.2% | 706 | $6K |
| Principal Securities, Inc. | 0.00% | Reduce -11.9% | 676 | $6K |
| Creative Financial Designs Inc. | 0.00% | Reduce -40.5% | 626 | $6K |
| Atlantic Union Bankshares Corp | 0.00% | New | 600 | $5K |
| GAMMA Investing LLC | 0.00% | Reduce -63.5% | 563 | $5K |
| Indiana Trust & Investment Management Co | 0.00% | No change | 541 | $5K |
| Crews Bank & Trust | 0.00% | No change | 531 | $5K |
| Stone House Investment Management, LLC | 0.00% | No change | 505 | $5K |
| McIlrath & Eck, LLC | 0.00% | No change | 476 | $4K |
| Crewe Advisors LLC | 0.00% | Add +88.0% | 440 | $4K |
| Clearstead Trust, LLC | 0.00% | No change | 429 | $4K |
| JPL Wealth Management, LLC | 0.00% | New | 425 | $4K |
| Financial Management Professionals, Inc. | 0.00% | No change | 425 | $4K |
| Private Trust Co. NA | 0.00% | No change | 400 | $4K |
| Spire Wealth Management | 0.00% | Add +204.6% | 399 | $4K |
| Harbor Investment Advisory, LLC | 0.00% | No change | 375 | $3K |
| GoalVest Advisory LLC | 0.00% | No change | 365 | $3K |
| NBT Bank, N.A. | 0.00% | Reduce -97.5% | 9 | $3K |
| Ogorek Anthony Joseph /NY/ | 0.00% | No change | 425 | $3K |
| Alerus Financial NA | 0.00% | New | 324 | $3K |
| Rossby Financial, LCC | 0.00% | No change | 310 | $3K |
| Red Tortoise LLC | 0.00% | New | 297 | $3K |
| N.E.W. Advisory Services LLC | 0.00% | No change | 288 | $3K |
| Princeton Global Asset Management LLC | 0.00% | No change | 285 | $3K |
| St Germain D J Co. Inc. | 0.00% | No change | 285 | $3K |
| Abound Wealth Management | 0.00% | No change | 226 | $2K |
| MV Capital Management, Inc. | 0.00% | Add +174.1% | 222 | $2K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 213 | $2K |
| Nalls Sherbakoff Group, LLC | 0.00% | No change | 212 | $2K |
| First Community Trust NA | 0.00% | No change | 200 | $2K |
| Bell Investment Advisors, Inc | 0.00% | Add +129.3% | 188 | $2K |
| Hughes Financial Services, LLC | 0.00% | New | 179 | $2K |
| Bruce G. Allen Investments, LLC | 0.00% | Add +892.9% | 139 | $1K |
| National Bank of Canada | 0.00% | New | 135 | $1K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +244.7% | 131 | $1K |
| Transamerica Financial Advisors, LLC | 0.00% | New | 122 | $1K |
| Avion Wealth | 0.00% | New | 203 | $1K |
| Heartwood Wealth Advisors LLC | 0.00% | New | 108 | $989 |
| Elevation Wealth Partners, LLC | 0.00% | New | 87 | $797 |
| Root Financial Partners, LLC | 0.00% | New | 83 | $760 |
| American Capital Advisory, LLC | 0.00% | Add +1.4% | 72 | $660 |
| SouthState Bank Corp | 0.00% | Add +200.0% | 60 | $550 |
| Smartleaf Asset Management LLC | 0.00% | Reduce -24.6% | 52 | $474 |
| 1620 Investment Advisors, Inc. | 0.00% | No change | 50 | $458 |
| TD Capital Management LLC | 0.00% | No change | 50 | $458 |
| Bare Financial Services, Inc | 0.00% | Reduce -55.0% | 49 | $449 |
| Fortitude Family Office, LLC | 0.00% | No change | 46 | $421 |
| Trust Co. of Vermont | 0.00% | No change | 45 | $412 |
| IAG Wealth Partners, LLC | 0.00% | No change | 27 | $247 |
| Binnacle Investments Inc | 0.00% | New | 22 | $202 |
| Clearstead Advisors, LLC | 0.00% | Reduce -89.8% | 20 | $184 |
| Smallwood Wealth Investment Management, LLC | 0.00% | No change | 12 | $109 |
| Rothschild Investment LLC | 0.00% | No change | 10 | $92 |
| MCF Advisors LLC | 0.00% | New | 10 | $92 |
| Scarborough Advisors, LLC | 0.00% | Add +11.1% | 10 | $88 |
| HFM Investment Advisors, LLC | 0.00% | Reduce -45.5% | 6 | $55 |
| Bay Harbor Wealth Management, LLC | 0.00% | Reduce -66.7% | 4 | $36 |
| JFS Wealth Advisors, LLC | 0.00% | Reduce -94.1% | 2 | $19 |
| GW&K Investment Management, LLC | 0.00% | No change | 1 | $0 |
| Capital Advisors, Ltd. LLC | 0.00% | Reduce -99.2% | 2 | $0 |
| Hemington Wealth Management | 0.00% | Reduce -70.1% | 47 | $0 |
| Cloud Capital Management, LLC | 0.00% | New | 1 | $0 |
"% of holder's portfolio" is WEN's weight in each manager's 13F, not the share of The Wendy's Co. the manager owns.