The Wendy'sWEN
13F holders, Q4 2025 (December 31)429holders +26
80new positions
63sold out
10famous investors
$8.33avg. 13F price*
At the end of Q4 2025, 429 institutions reported holding The Wendy's Co. (WEN) in their 13F filings, up 26 from Q3 2025. 80 opened new positions and 63 sold out. The largest holders were Trian Fund Management ($253.6M), BlackRock, Inc. ($207.5M) and Vanguard Group Inc. ($142.7M). 10 famous investors held it, including Nelson Peltz (6.4% of Trian Fund Management's portfolio), Bill Nygren (0.1% of Harris Associates (Oakmark Funds)'s portfolio) and Joel Greenblatt (0.1% of Gotham 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 Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 80 | $27.3M |
| Exits | 63 | $31.5M |
All 13F filers, Q3 2025 → Q4 2025: 24,264,015 shares bought and 15,251,428 shares sold, net +9,012,587 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 429 holders
| Trian Fund Management | 6.36% | Add +0.0% | 30,440,318 | $253.6M |
| BlackRock, Inc. | 0.00% | Add +3.3% | 24,905,595 | $207.5M |
| Vanguard Group Inc. | 0.00% | Reduce -7.8% | 17,134,262 | $142.7M |
| AQR Capital Management | 0.05% | Add +38.1% | 11,705,610 | $97.5M |
| Harris Associates (Oakmark Funds) | 0.11% | Reduce -6.0% | 9,966,105 | $83.0M |
| Charles Schwab Investment Management Inc. | 0.01% | Add +3.3% | 7,091,847 | $59.1M |
| Morgan Stanley | 0.00% | Add +5.8% | 6,549,066 | $54.6M |
| State Street Corp. | 0.00% | Add +1.9% | 5,446,335 | $45.4M |
| Arrowstreet Capital, Limited Partnership | 0.02% | Add +0.3% | 4,287,667 | $35.7M |
| Bank of America Corp. | 0.00% | Add +43.3% | 4,257,211 | $35.5M |
| Wells Fargo & Company | 0.01% | Add +235.8% | 4,224,648 | $35.2M |
| Dimensional Fund Advisors LP | 0.01% | Reduce -7.7% | 3,946,544 | $32.9M |
| Geode Capital Management, LLC | 0.00% | Reduce -10.8% | 3,196,092 | $26.6M |
| Jane Street Group, LLC | 0.03% | Add +236.7% | 3,162,790 | $26.3M |
| Millennium Management | 0.01% | Add +19.1% | 2,380,938 | $19.8M |
| Northern Trust Corp. | 0.00% | Add +2.7% | 2,265,997 | $18.9M |
| Bank of New York Mellon Corp | 0.00% | Add +8.0% | 2,216,154 | $18.5M |
| UBS Group AG | 0.00% | Reduce -25.2% | 2,011,538 | $16.8M |
| FMR LLC | 0.00% | Add +20.4% | 1,834,757 | $15.3M |
| Gotham Asset Management | 0.05% | Add +22.0% | 1,805,023 | $15.0M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.04% | Add +50.0% | 1,689,170 | $14.1M |
| Point72 Asset Management | 0.02% | Reduce -46.7% | 1,563,923 | $13.0M |
| Quinn Opportunity Partners LLC | 0.53% | Add +20.6% | 1,466,811 | $12.2M |
| Goldman Sachs Group Inc. | 0.00% | Add +74.3% | 1,316,668 | $11.0M |
| Citadel Advisors | 0.01% | Add +232.8% | 1,272,384 | $10.6M |
| Marshall Wace, LLP | 0.01% | Reduce -71.8% | 1,136,992 | $9.5M |
| Invesco Ltd. | 0.00% | Add +22.5% | 1,083,789 | $9.0M |
| Quantinno Capital Management LP | 0.02% | Reduce -25.3% | 951,673 | $7.9M |
| Squarepoint Ops LLC | 0.02% | Reduce -5.6% | 905,004 | $7.5M |
| Janus Henderson Group PLC | 0.00% | Add +342.2% | 879,497 | $7.3M |
| Susquehanna International Group, LLP | 0.01% | Add +37.1% | 851,545 | $7.1M |
| Sound Income Strategies, LLC | 0.30% | Reduce -3.4% | 760,067 | $6.3M |
| Principal Financial Group Inc. | 0.00% | Reduce -1.2% | 750,432 | $6.3M |
| Focus Partners Wealth | 0.01% | Add +1004.5% | 712,052 | $5.9M |
| Schonfeld Strategic Advisors LLC | 0.03% | New | 697,655 | $5.8M |
| Two Sigma Advisers, LP | 0.01% | Add +63.2% | 672,805 | $5.6M |
| First Trust Advisors LP | 0.00% | Add +555.6% | 652,325 | $5.4M |
| Advisors Asset Management, Inc. | 0.09% | Add +22.6% | 628,044 | $5.2M |
| Alps Advisors Inc. | 0.03% | Reduce -5.4% | 599,839 | $5.0M |
| Rhumbline Advisers | 0.00% | Add +4.7% | 547,447 | $4.6M |
| Public Sector Pension Investment Board | 0.02% | Reduce -11.4% | 546,739 | $4.6M |
| Cerity Partners LLC | 0.01% | Add +11.1% | 537,489 | $4.5M |
| Dark Forest Capital Management LP | 0.20% | Add +336.4% | 536,103 | $4.5M |
| Creative Planning | 0.00% | Add +31.9% | 520,688 | $4.3M |
| Royal Bank of Canada | 0.00% | Reduce -45.5% | 498,697 | $4.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -3.8% | 492,574 | $4.1M |
| Ieq Capital, LLC | 0.01% | Add +25.8% | 470,500 | $3.9M |
| Holocene Advisors, LP | 0.01% | Reduce -1.1% | 459,057 | $3.8M |
| Legal & General Group Plc | 0.00% | Reduce -4.0% | 444,529 | $3.7M |
| Franklin Resources Inc. | 0.00% | Add +256.4% | 419,194 | $3.5M |
| SummitTX Capital, L.P. | 0.10% | Add +49.4% | 392,948 | $3.3M |
| Ruffer LLP | 0.15% | New | 382,890 | $3.2M |
| Bessemer Group Inc. | 0.00% | Add +20527.9% | 379,554 | $3.2M |
| IMC-Chicago, LLC | 0.05% | Add +31.5% | 366,436 | $3.1M |
| Horizon Kinetics Asset Management LLC | 0.04% | Reduce -22.8% | 359,896 | $3.0M |
| Deutsche Bank AG | 0.00% | Add +1206.3% | 347,923 | $2.9M |
| Verition Fund Management LLC | 0.02% | Reduce -26.6% | 346,485 | $2.9M |
| Victory Capital Management Inc. | 0.00% | Add +4.0% | 342,888 | $2.9M |
| Soviero Asset Management, LP | 1.39% | New | 320,000 | $2.7M |
| Swiss National Bank | 0.00% | Add +0.9% | 319,400 | $2.7M |
| Ameriprise Financial Inc. | 0.00% | Reduce -2.4% | 315,107 | $2.6M |
| HRT Financial LP | 0.01% | New | 295,052 | $2.5M |
| American Century Companies Inc. | 0.00% | Reduce -3.9% | 283,149 | $2.4M |
| Nuveen, LLC | 0.00% | Reduce -63.3% | 275,497 | $2.3M |
| JPMorgan Chase & Co. | 0.00% | Add +11.1% | 255,487 | $2.1M |
| Cwm, LLC | 0.01% | Reduce -3.2% | 232,447 | $1.9M |
| Bridgefront Capital, LLC | 0.46% | Add +2042.8% | 220,361 | $1.8M |
| Guggenheim Capital LLC | 0.01% | Add +4.1% | 217,258 | $1.8M |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +26.7% | 210,519 | $1.8M |
| New York State Teachers Retirement System | 0.00% | Reduce -0.8% | 202,417 | $1.7M |
| State Board of Administration of Florida Retirement System | 0.00% | Reduce -10.8% | 196,604 | $1.6M |
| Bank of Nova Scotia | 0.00% | Add +363.9% | 190,144 | $1.6M |
| LPL Financial LLC | 0.00% | Reduce -1.1% | 183,633 | $1.5M |
| Thrivent Financial for Lutherans | 0.00% | Add +59.6% | 182,088 | $1.5M |
| Brevan Howard Capital Management LP | 0.03% | Reduce -32.5% | 181,945 | $1.5M |
| Atom Investors LP | 0.12% | Add +182.4% | 177,565 | $1.5M |
| Simplex Trading, LLC | 0.04% | Reduce -21.3% | 172,494 | $1.4M |
| CANADA LIFE ASSURANCE Co | 0.00% | Reduce -1.0% | 167,596 | $1.4M |
| T. Rowe Price Associates Inc. | 0.00% | Add +11.2% | 166,902 | $1.4M |
| Federated Hermes, Inc. | 0.00% | Reduce -25.9% | 164,968 | $1.4M |
| Group One Trading LLC | 0.04% | Add +3.8% | 163,686 | $1.4M |
| Mariner, LLC | 0.00% | Add +45.6% | 163,458 | $1.4M |
| California State Teachers Retirement System | 0.00% | Reduce -0.2% | 148,232 | $1.2M |
| Sei Investments Co. | 0.00% | Reduce -15.5% | 147,364 | $1.2M |
| Prudential Financial Inc. | 0.00% | Reduce -3.5% | 146,380 | $1.2M |
| Captrust Financial Advisors | 0.00% | Add +28.6% | 144,561 | $1.2M |
| Mirae Asset Global Investments Co., Ltd. | 0.00% | Reduce -3.2% | 142,825 | $1.2M |
| Oak Thistle LLC | 0.16% | Reduce -21.8% | 140,064 | $1.2M |
| BNP Paribas Financial Markets | 0.00% | Reduce -34.3% | 131,507 | $1.1M |
| WINTON GROUP Ltd | 0.04% | Add +140.4% | 127,332 | $1.1M |
| Citigroup Inc. | 0.00% | Reduce -52.7% | 127,023 | $1.1M |
| SG Americas Securities, LLC | 0.00% | Add +77.5% | 126,035 | $1.1M |
| Bank of Montreal | 0.00% | Add +1.6% | 123,919 | $1.0M |
| Summit Trail Advisors, LLC | 0.02% | Reduce -14.9% | 119,931 | $999K |
| Alliancebernstein L.P. | 0.00% | Reduce -63.9% | 119,467 | $995K |
| Worldquant Millennium Advisors LLC | 0.00% | Add +135.4% | 117,843 | $982K |
| Barclays PLC | 0.00% | Reduce -17.6% | 116,152 | $968K |
| ExodusPoint Capital Management, LP | 0.01% | Add +147.2% | 115,039 | $958K |
| D. E. Shaw & Co. | 0.00% | Add +263.7% | 107,342 | $894K |
| Pallas Capital Advisors LLC | 0.03% | Reduce -8.3% | 103,345 | $861K |
| KLP Kapitalforvaltning As | 0.00% | Add +3.0% | 102,500 | $854K |
| Mercer Global Advisors Inc. | 0.00% | Add +20.4% | 98,911 | $824K |
| Quantbot Technologies LP | 0.03% | Reduce -22.0% | 98,576 | $821K |
| Occudo Quantitative Strategies LP | 0.05% | New | 95,046 | $792K |
| Leonteq Securities AG | 0.04% | Add +29.0% | 94,283 | $785K |
| Assenagon Asset Management S.A. | 0.00% | New | 93,735 | $781K |
| State of Alaska, Department of Revenue | 0.01% | Add +1.5% | 91,885 | $765K |
| PEAK6 LLC | 0.02% | New | 91,334 | $761K |
| Jump Financial, LLC | 0.01% | Reduce -3.9% | 90,346 | $753K |
| Walleye Trading LLC | 0.01% | New | 90,315 | $752K |
| Illinois Municipal Retirement Fund | 0.01% | New | 88,748 | $739K |
| New York State Common Retirement Fund | 0.00% | No change | 88,431 | $737K |
| Lotus Technology Management, LP | 0.41% | — | 88,272 | $735K |
| Bridgewater Associates | 0.00% | Reduce -9.9% | 87,531 | $729K |
| Renaissance Technologies | 0.00% | New | 86,282 | $719K |
| Gabelli Funds LLC | 0.00% | No change | 84,000 | $700K |
| Commonwealth Equity Services, LLC | 0.00% | Add +46.4% | 83,382 | $695K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Reduce -3.9% | 82,273 | $685K |
| State of Wisconsin Investment Board | 0.00% | Reduce -32.0% | 80,778 | $673K |
| M&T Bank Corp | 0.00% | Add +102.2% | 77,933 | $649K |
| Cetera Investment Advisers | 0.00% | Add +18.4% | 77,230 | $643K |
| Exchange Traded Concepts, LLC | 0.01% | Reduce -2.9% | 75,914 | $632K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -8.7% | 74,087 | $617K |
| Raymond James Financial Inc. | 0.00% | Reduce -3.3% | 73,536 | $613K |
| Louisiana State Employees Retirement System | 0.01% | Reduce -0.4% | 72,400 | $603K |
| Corient Private Wealth LP | 0.00% | Add +33.6% | 70,927 | $591K |
| Legacy Capital Group California, Inc. | 0.14% | Reduce -0.6% | 68,441 | $570K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Reduce -5.6% | 68,383 | $570K |
| Kingsview Wealth Management, LLC | 0.01% | New | 67,338 | $561K |
| Treasurer of the State of North Carolina | 0.00% | Reduce -6.8% | 67,063 | $559K |
| A&I Financial Services, LLC | 0.26% | Add +15.0% | 66,283 | $552K |
| Mitsubishi UFJ Trust & Banking Corp | 0.00% | Reduce -50.8% | 65,635 | $547K |
| Stifel Financial Corp. | 0.00% | Add +8.7% | 64,118 | $534K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -11.6% | 63,769 | $531K |
| Essential Partners LLC | 0.16% | Reduce -13.4% | 62,911 | $524K |
| Empowered Funds, LLC | 0.01% | Add +9.3% | 62,352 | $519K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +91.4% | 57,844 | $482K |
| Kimelman & Baird, LLC | 0.04% | Reduce -2.3% | 57,355 | $478K |
| Campbell & CO Investment Adviser LLC | 0.02% | Add +161.3% | 56,884 | $474K |
| Truist Financial Corp. | 0.00% | Reduce -3.0% | 54,741 | $456K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -1.6% | 53,907 | $449K |
| Amundi | 0.00% | New | 53,159 | $443K |
| Evergreen Capital Management LLC | 0.01% | Add +34.5% | 52,732 | $439K |
| International Assets Investment Management, LLC | 0.03% | Add +32.6% | 52,060 | $434K |
| Tidal Investments LLC | 0.00% | Reduce -23.3% | 51,856 | $432K |
| Amalgamated Bank | 0.00% | Add +0.5% | 51,078 | $425K |
| Merit Financial Group, LLC | 0.00% | Add +33.2% | 50,776 | $423K |
| Eagle Harbor Asset Management Inc. | 0.35% | Reduce -57.7% | 50,581 | $421K |
| HighTower Advisors, LLC | 0.00% | Reduce -48.6% | 50,136 | $418K |
| Shay Capital LLC | 0.07% | New | 50,000 | $417K |
| Jain Global LLC | 0.00% | New | 49,272 | $410K |
| Cannon Global Investment Management, LLC | 1.08% | New | 48,500 | $404K |
| Advisory Services Network, LLC | 0.01% | Add +10.8% | 48,082 | $401K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +157.2% | 48,169 | $400K |
| Axq Capital, LP | 0.09% | New | 46,795 | $390K |
| Arizona State Retirement System | 0.00% | Reduce -6.5% | 45,151 | $376K |
| Voya Investment Management LLC | 0.00% | Reduce -86.5% | 44,352 | $369K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 42,838 | $357K |
| Caxton Associates LLP | 0.01% | New | 40,492 | $337K |
| Centiva Capital, LP | 0.02% | New | 39,987 | $333K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -3.0% | 39,963 | $333K |
| Osaic Holdings, Inc. | 0.00% | Reduce -37.5% | 39,546 | $329K |
| TD Waterhouse Canada Inc. | 0.00% | Add +5527.7% | 39,394 | $328K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -2.9% | 39,111 | $326K |
| Teachers Retirement System of the State of Kentucky | 0.00% | Reduce -10.1% | 38,963 | $324K |
| Neuberger Berman Group LLC | 0.00% | Reduce -20.1% | 38,537 | $321K |
| Probity Advisors, Inc. | 0.05% | Add +26.6% | 37,727 | $314K |
| Virtu Financial LLC | 0.01% | New | 37,663 | $314K |
| Oregon Public Employees Retirement Fund | 0.00% | Add +1.4% | 36,100 | $301K |
| Vise Technologies, Inc. | 0.01% | Add +106.6% | 36,063 | $300K |
| Pathstone Holdings, LLC | 0.00% | Add +30.1% | 35,996 | $300K |
| Inceptionr LLC | 0.08% | Add +82.7% | 35,284 | $294K |
| Manufacturers Life Insurance Company, The | 0.00% | Add +0.6% | 34,262 | $285K |
| State of Tennessee, Department of Treasury | 0.00% | New | 35,874 | $279K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.05% | No change | 33,495 | $279K |
| B. Riley Wealth Advisors, Inc. | 0.01% | New | 33,147 | $276K |
| Maryland State Retirement & Pension System | 0.01% | Add +1.2% | 32,975 | $275K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Add +12.4% | 32,860 | $274K |
| NCM Capital Management, LLC | 0.10% | Reduce -11.7% | 31,534 | $263K |
| Hantz Financial Services, Inc. | 0.00% | Add +9.7% | 31,009 | $258K |
| Handelsbanken Fonder AB | 0.00% | Add +12.4% | 30,857 | $257K |
| PNC Financial Services Group, Inc. | 0.00% | Add +354.8% | 30,397 | $253K |
| HB Wealth Management, LLC | 0.00% | Add +54.0% | 29,841 | $249K |
| Shelton Capital Management | 0.00% | Add +22.1% | 29,639 | $247K |
| Envestnet Asset Management Inc. | 0.00% | Reduce -45.9% | 29,419 | $245K |
| Integrated Wealth Concepts LLC | 0.00% | Reduce -0.8% | 28,922 | $241K |
| EntryPoint Capital, LLC | 0.09% | No change | 28,899 | $241K |
| Jones Financial Companies LLLP | 0.00% | Add +42.2% | 28,850 | $240K |
| Kaufman Rossin Wealth, LLC | 0.12% | Reduce -2.8% | 28,317 | $236K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -59.5% | 28,190 | $235K |
| Militia Capital Partners, LP | 0.09% | New | 28,000 | $233K |
| Pictet Asset Management Holding SA | 0.00% | No change | 27,916 | $233K |
| Yousif Capital Management, LLC | 0.00% | Reduce -15.5% | 27,725 | $227K |
| Summit Financial, LLC | 0.00% | Add +30.2% | 27,140 | $226K |
| Boothbay Fund Management, LLC | 0.01% | Reduce -13.8% | 27,093 | $226K |
| Boyar Asset Management Inc. | 0.14% | Reduce -7.3% | 25,858 | $215K |
| Quadrant Capital Group LLC | 0.01% | Add +140.3% | 25,035 | $209K |
| Prosperity Wealth Management, Inc. | 0.07% | New | 24,875 | $207K |
| Swiss Life Asset Management Ltd | 0.00% | New | 24,862 | $207K |
| Cullen Investment Group, LTD. | 0.03% | Reduce -33.3% | 22,800 | $197K |
| XTX Topco Ltd | 0.01% | Reduce -64.1% | 22,729 | $189K |
| Lecap Asset Management Ltd. | 0.07% | New | 22,491 | $187K |
| Signaturefd, LLC | 0.00% | Add +232.1% | 22,320 | $186K |
| Comerica Bank | 0.00% | Reduce -31.2% | 22,235 | $185K |
| Brooklyn Investment Group | 0.01% | New | 22,229 | $185K |
| Evoke Wealth, LLC | 0.00% | Reduce -25.2% | 22,174 | $185K |
| World Investment Advisors | 0.00% | New | 22,048 | $184K |
| Krilogy Financial LLC | 0.01% | Reduce -10.9% | 22,263 | $180K |
| Chicago Partners Investment Group LLC | 0.00% | Reduce -37.8% | 21,357 | $180K |
| Alpine Global Management, LLC | 0.04% | New | 21,556 | $180K |
| Robertson Stephens Wealth Management, LLC | 0.01% | New | 21,409 | $178K |
| Evolve Private Wealth, LLC | 0.01% | — | 20,707 | $172K |
| Sanctuary Advisors, LLC | 0.00% | Add +5.4% | 20,646 | $172K |
| Lido Advisors, LLC | 0.00% | Add +20.1% | 18,872 | $170K |
| Syon Capital LLC | 0.01% | Add +33.0% | 19,600 | $163K |
| Waverly Advisors, LLC | 0.00% | Add +31.1% | 19,512 | $163K |
| Parallel Advisors, LLC | 0.00% | Add +149.1% | 18,728 | $156K |
| &partners | 0.00% | New | 18,556 | $155K |
| US Bancorp \de | 0.00% | Add +3.1% | 18,117 | $151K |
| Mutual of America Capital Management LLC | 0.00% | Add +1.9% | 18,056 | $150K |
| Patriot Financial Group Insurance Agency, LLC | 0.02% | New | 18,033 | $150K |
| Murchinson Ltd. | 0.09% | New | 18,000 | $150K |
| O'shaughnessy Asset Management, LLC | 0.00% | New | 17,776 | $148K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 17,733 | $148K |
| Sivia Capital Partners, LLC | 0.03% | New | 17,712 | $148K |
| Ausdal Financial Partners, Inc. | 0.01% | Add +24.6% | 17,651 | $147K |
| Balyasny Asset Management L.P. | 0.00% | New | 17,437 | $145K |
| Williams Jones Wealth Management, LLC. | 0.00% | Reduce -8.1% | 17,000 | $142K |
| Mgo One Seven LLC | 0.00% | Add +6.5% | 16,895 | $141K |
| CIBC Asset Management Inc | 0.00% | Add +41.6% | 16,883 | $141K |
| 71 West Capital Partners | 0.01% | — | 16,761 | $140K |
| Hennion & Walsh Asset Management, Inc. | 0.00% | Reduce -2.0% | 16,736 | $139K |
| PCM Encore, LLC | 0.03% | — | 16,593 | $138K |
| FSM Wealth Advisors, LLC | 0.02% | Add +7.2% | 16,553 | $138K |
| Profund Advisors LLC | 0.00% | New | 16,262 | $135K |
| EP Wealth Advisors, LLC | 0.00% | — | 16,256 | $135K |
| Orion Porfolio Solutions, LLC | 0.00% | Reduce -26.3% | 16,240 | $135K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -33.6% | 16,203 | $135K |
| North Star Investment Management Corp. | 0.01% | Add +0.0% | 15,964 | $133K |
| waypoint wealth counsel | 0.05% | Add +5.9% | 15,933 | $133K |
| Waddell & Associates, LLC | 0.01% | Reduce -14.2% | 15,807 | $132K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 5,920 | $130K |
| Catalyst Funds Management Pty Ltd | 0.03% | No change | 15,600 | $130K |
| Xponance LLC | 0.00% | Add +4.5% | 15,138 | $126K |
| Barnett & Company, Inc. | 0.10% | No change | 15,000 | $125K |
| ESL Trust Services, LLC | 0.02% | No change | 14,866 | $124K |
| Marex Group Ltd | 0.00% | New | 14,844 | $124K |
| Towerview LLC | 0.09% | No change | 14,500 | $121K |
| Transcend Capital Advisors, LLC | 0.01% | Add +10.3% | 14,449 | $120K |
| Everhart Financial Group, Inc. | 0.01% | Add +3.8% | 14,377 | $120K |
| Geneos Wealth Management Inc. | 0.00% | New | 14,100 | $117K |
| Allspring Global Investments Holdings, LLC | 0.00% | New | 13,854 | $115K |
| Covestor Ltd | 0.06% | Add +53.0% | 13,171 | $110K |
| Composition Wealth, LLC | 0.00% | Reduce -6.8% | 13,070 | $109K |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 0.02% | No change | 13,000 | $108K |
| Capital Investment Advisors, LLC | 0.00% | Add +6.3% | 12,907 | $108K |
| 1ST Source Bank | 0.01% | Reduce -11.5% | 12,905 | $107K |
| NewEdge Advisors, LLC | 0.00% | Add +14.6% | 12,898 | $107K |
| Earned Wealth Advisors, LLC | 0.01% | Add +8.5% | 12,819 | $107K |
| Crossmark Global Holdings, Inc. | 0.00% | Reduce -0.4% | 12,802 | $107K |
| Vista Investment Partners LLC | 0.03% | New | 12,791 | $107K |
| Aigen Investment Management, LP | 0.02% | New | 12,662 | $105K |
| United Capital Financial Advisors, LLC | 0.00% | Reduce -24.3% | 12,491 | $104K |
| Whitcomb & Hess, Inc. | 0.02% | Add +1.6% | 12,311 | $103K |
| Greenleaf Trust | 0.00% | New | 12,299 | $102K |
| Semanteon Capital Management, LP | 13.52% | — | 12,112 | $101K |
| Johnson Investment Counsel Inc. | 0.00% | Add +0.8% | 12,074 | $101K |
| Sagewood Asset Management LP | 0.04% | — | 12,065 | $101K |
| SYM FINANCIAL Corp | 0.01% | Reduce -19.0% | 12,038 | $100K |
| PDS Planning, Inc | 0.01% | Reduce -7.5% | 11,932 | $99K |
| Oasis Management Co Ltd. | 0.02% | New | 11,903 | $99K |
| HUB Investment Partners, LLC | 0.00% | Reduce -43.4% | 11,788 | $98K |
| Altar Rock LLC | 0.12% | — | 11,643 | $97K |
| Wexford Capital LP | 0.02% | New | 11,614 | $97K |
| Aster Capital Management (DIFC) Ltd | 0.04% | Reduce -27.3% | 11,603 | $97K |
| Coldstream Capital Management Inc. | 0.00% | Add +2.8% | 11,368 | $95K |
| CSS LLC | 0.02% | Reduce -87.5% | 11,350 | $95K |
| West Family Investments, Inc. | 0.02% | New | 11,166 | $93K |
| Callan Family Office, LLC | 0.00% | New | 11,088 | $92K |
| Kera Capital Partners, Inc. | 0.01% | New | 11,855 | $92K |
| Ballentine Partners, LLC | 0.00% | Reduce -46.6% | 11,000 | $92K |
| Miller Financial Services LLC | 0.11% | Reduce -15.5% | 10,907 | $91K |
| HSBC Holdings PLC | 0.00% | Reduce -4.9% | 10,744 | $89K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -9.1% | 10,727 | $89K |
| Rockefeller Capital Management L.P. | 0.00% | Add +23.4% | 10,580 | $88K |
| GAMMA Investing LLC | 0.00% | Add +1773.4% | 10,547 | $88K |
| Atlas Brown,Inc. | 0.03% | New | 10,361 | $86K |
| denkapparat Operations GmbH | 0.05% | No change | 10,338 | $86K |
| Sowell Financial Services LLC | 0.00% | New | 10,324 | $86K |
| Sargent Investment Group, LLC | 0.01% | New | 10,295 | $86K |
| Baird Financial Group, Inc. | 0.00% | Reduce -96.6% | 10,230 | $85K |
| Pinnacle Associates Ltd. | 0.00% | Add +1.7% | 10,214 | $85K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -22.8% | 10,166 | $85K |
| MAI Capital Management | 0.00% | Add +8.9% | 10,164 | $85K |
| Independent Advisor Alliance | 0.00% | New | 10,039 | $84K |
| KG Capital Management | 0.02% | New | 10,020 | $83K |
| Quent Capital, LLC | 0.01% | Add +997.1% | 10,006 | $83K |
| Cane Capital Partners, LLC | 0.04% | — | 10,000 | $83K |
| Cherokee Insurance Co | 0.03% | No change | 10,000 | $83K |
| FNY Investment Advisers, LLC | 0.02% | New | 10,000 | $83K |
| LSV Asset Management | 0.00% | No change | 9,800 | $82K |
| Huntington National Bank | 0.00% | Reduce -6.6% | 9,458 | $79K |
| Farther Finance Advisors, LLC | 0.00% | Add +55.4% | 8,392 | $70K |
| Security National Bank | 0.01% | Add +1.6% | 8,087 | $67K |
| Rothschild Investment LLC | 0.00% | Add +74800.0% | 7,490 | $62K |
| Allworth Financial LP | 0.00% | Reduce -51.1% | 7,295 | $61K |
| AlphaQuest LLC | 0.00% | Reduce -86.3% | 7,049 | $59K |
| Quarry LP | 0.01% | Reduce -49.2% | 6,416 | $53K |
| KBC Group NV | 0.00% | No change | 6,196 | $52K |
| MetLife Investment Management, LLC | 0.00% | Add +0.2% | 5,985 | $50K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -82.6% | 5,876 | $49K |
| Sterling Capital Management LLC | 0.00% | Add +2.7% | 5,839 | $49K |
| Ancora Advisors LLC | 0.00% | New | 4,670 | $39K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 4,232 | $35K |
| Gen-Wealth Partners Inc | 0.01% | New | 3,954 | $33K |
| IFP Advisors, Inc | 0.00% | Reduce -18.6% | 3,880 | $32K |
| STRS Ohio | 0.00% | Add +0.2% | 3,834 | $32K |
| Fifth Third Bancorp | 0.00% | Add +161.0% | 3,829 | $32K |
| Versant Capital Management, Inc | 0.00% | Add +17.9% | 3,734 | $31K |
| Hilton Head Capital Partners, LLC | 0.02% | — | 3,607 | $30K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +46.7% | 3,571 | $30K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +9.4% | 3,563 | $30K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 3,467 | $29K |
| Arax Advisory Partners | 0.00% | Reduce -98.6% | 3,254 | $27K |
| Bartlett & Co. Wealth Management LLC | 0.00% | No change | 3,107 | $26K |
| Investors Research Corp | 0.00% | No change | 3,000 | $25K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -77.8% | 2,952 | $25K |
| Pflug Koory, LLC | 0.01% | No change | 2,805 | $23K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +96.0% | 2,765 | $23K |
| Global Retirement Partners, LLC | 0.00% | Add +22.9% | 2,748 | $23K |
| SBI Securities Co., Ltd. | 0.00% | Reduce -3.9% | 2,605 | $22K |
| Garner Asset Management Corp | 0.01% | New | 2,600 | $22K |
| True Wealth Design, LLC | 0.01% | Reduce -49.1% | 2,387 | $20K |
| Key Capital Management, INC | 0.02% | — | 2,237 | $19K |
| Hazlett, Burt & Watson, Inc. | 0.01% | No change | 2,125 | $18K |
| Larson Financial Group LLC | 0.00% | Add +63.6% | 2,122 | $18K |
| Harvest Fund Management Co., Ltd | 0.00% | No change | 1,075 | $16K |
| Elevation Wealth Partners, LLC | 0.01% | Add +1995.4% | 1,823 | $15K |
| CX Institutional | 0.00% | Add +1.7% | 1,856 | $15K |
| MCF Advisors LLC | 0.00% | Add +17810.0% | 1,791 | $15K |
| Loring Wolcott & Coolidge Fiduciary Advisors LLP | 0.00% | New | 1,706 | $14K |
| Parkside Financial Bank & Trust | 0.00% | Add +39.3% | 1,525 | $13K |
| Assetmark, Inc. | 0.00% | Add +16.1% | 1,511 | $13K |
| Field & Main Bank | 0.00% | No change | 1,500 | $12K |
| Motco | 0.00% | No change | 1,417 | $12K |
| Harbour Investments, Inc. | 0.00% | Add +1.4% | 1,411 | $12K |
| Cullen/Frost Bankers, Inc. | 0.00% | Add +29.6% | 1,394 | $12K |
| UMB Bank, n.a. | 0.00% | Reduce -89.9% | 1,348 | $11K |
| Danske Bank A/S | 0.00% | No change | 1,300 | $11K |
| First United Bank & Trust | 0.00% | No change | 1,233 | $10K |
| Salomon & Ludwin, LLC | 0.00% | Reduce -21.6% | 1,255 | $10K |
| Spurstone Advisory Services, LLC | 0.16% | No change | 1,200 | $10K |
| Farmers & Merchants Investments Inc. | 0.00% | Reduce -6.2% | 1,137 | $9K |
| SageView Advisory Group, LLC | 0.00% | New | 1,068 | $9K |
| Elkhorn Partners Limited Partnership | 0.01% | New | 1,000 | $8K |
| Bangor Savings Bank | 0.00% | No change | 1,000 | $8K |
| CoreCap Advisors, LLC | 0.00% | No change | 1,000 | $8K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 1,000 | $8K |
| Los Angeles Capital Management LLC | 0.00% | New | 881 | $7K |
| Medallion Wealth Advisors, LLC | 0.00% | No change | 800 | $7K |
| Stone House Investment Management, LLC | 0.00% | Add +54.6% | 781 | $7K |
| Align Financial, LLC | 0.00% | — | 6,248 | $6K |
| Pittenger & Anderson Inc. | 0.00% | No change | 750 | $6K |
| Creative Financial Designs Inc. | 0.00% | Add +18.9% | 744 | $6K |
| Triumph Capital Management | 0.00% | New | 625 | $5K |
| Atlantic Union Bankshares Corp | 0.00% | No change | 600 | $5K |
| Fortitude Family Office, LLC | 0.00% | Add +1128.3% | 565 | $5K |
| Indiana Trust & Investment Management Co | 0.00% | No change | 541 | $5K |
| Crews Bank & Trust | 0.00% | No change | 531 | $4K |
| McIlrath & Eck, LLC | 0.00% | No change | 476 | $4K |
| Financial Management Professionals, Inc. | 0.00% | No change | 425 | $4K |
| Harbor Investment Advisory, LLC | 0.00% | No change | 375 | $3K |
| NBT Bank, N.A. | 0.00% | Reduce -11.1% | 8 | $3K |
| Commonwealth Retirement Investments LLC | 0.00% | New | 327 | $3K |
| Alerus Financial NA | 0.00% | No change | 324 | $3K |
| Clearstead Advisors, LLC | 0.00% | Add +1510.0% | 322 | $3K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | New | 300 | $2K |
| N.E.W. Advisory Services LLC | 0.00% | No change | 288 | $2K |
| Princeton Global Asset Management LLC | 0.00% | No change | 285 | $2K |
| St Germain D J Co. Inc. | 0.00% | No change | 285 | $2K |
| Red Tortoise LLC | 0.00% | Reduce -14.8% | 253 | $2K |
| Sachetta, LLC | 0.00% | New | 252 | $2K |
| Turning Point Benefit Group, Inc. | 0.00% | New | 235 | $2K |
| Bullseye Investment Management, LLC | 0.00% | New | 229 | $2K |
| Abound Wealth Management | 0.00% | No change | 226 | $2K |
| Nalls Sherbakoff Group, LLC | 0.00% | No change | 212 | $2K |
| Sunbelt Securities, Inc. | 0.00% | New | 211 | $2K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 213 | $2K |
| First Community Trust NA | 0.00% | No change | 200 | $2K |
| Physician Wealth Advisors, Inc. | 0.00% | Add +51.9% | 199 | $2K |
| MV Capital Management, Inc. | 0.00% | Reduce -15.8% | 187 | $2K |
| Elyxium Wealth, LLC | 0.00% | New | 186 | $2K |
| ORG Partners LLC | 0.00% | New | 186 | $2K |
| Blue Trust, Inc. | 0.00% | New | 153 | $1K |
| Spire Wealth Management | 0.00% | Reduce -66.4% | 134 | $1K |
| Sankala Group LLC | 0.00% | — | 139 | $1K |
| Kilter Group LLC | 0.00% | New | 121 | $1K |
| Ogorek Anthony Joseph /NY/ | 0.00% | Reduce -56.7% | 184 | $1K |
| Avion Wealth | 0.00% | Reduce -38.9% | 124 | $1K |
| Capital Advisors, Ltd. LLC | 0.00% | Add +7800.0% | 158 | $1K |
| Bruce G. Allen Investments, LLC | 0.00% | Reduce -28.1% | 100 | $833 |
| Lodestone Wealth Management LLC | 0.00% | New | 97 | $808 |
| Walleye Capital LLC | 0.00% | Reduce -99.7% | 97 | $808 |
| Rossby Financial, LCC | 0.00% | Reduce -74.2% | 80 | $666 |
| Horizon Investments, LLC | 0.00% | New | 76 | $633 |
| Smartleaf Asset Management LLC | 0.00% | Add +30.8% | 68 | $564 |
| Bogart Wealth, LLC | 0.00% | New | 61 | $508 |
| Rialto Wealth Management, LLC | 0.00% | New | 57 | $475 |
| TD Capital Management LLC | 0.00% | No change | 50 | $417 |
| Transamerica Financial Advisors, LLC | 0.00% | Reduce -62.3% | 46 | $383 |
| Root Financial Partners, LLC | 0.00% | Reduce -44.6% | 46 | $383 |
| Cornerstone Planning Group LLC | 0.00% | Reduce -56.8% | 48 | $379 |
| Trust Co. of Vermont | 0.00% | No change | 45 | $375 |
| JFS Wealth Advisors, LLC | 0.00% | Add +1550.0% | 33 | $275 |
| Trust Co | 0.00% | New | 31 | $258 |
| Ankerstar Wealth, LLC | 0.00% | — | 30 | $250 |
| IAG Wealth Partners, LLC | 0.00% | No change | 27 | $225 |
| Clearstead Trust, LLC | 0.00% | Reduce -96.3% | 16 | $134 |
| Gilpin Wealth Management, LLC | 0.00% | — | 15 | $125 |
| Laurel Wealth Advisors LLC | 0.00% | New | 15 | $125 |
| Scarborough Advisors, LLC | 0.00% | No change | 10 | $81 |
| Safe Harbor Fiduciary, LLC | 0.00% | — | 8 | $67 |
| Bay Harbor Wealth Management, LLC | 0.00% | No change | 4 | $33 |
| Dunhill Financial, LLC | 0.00% | New | 4 | $30 |
| Curio Wealth, LLC | 0.00% | New | 2 | $17 |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 2 | $17 |
| Caitong International Asset Management Co., Ltd | 0.00% | Reduce -99.9% | 1 | $8 |
| Hughes Financial Services, LLC | 0.00% | Reduce -99.4% | 1 | $8 |
| GW&K Investment Management, LLC | 0.00% | No change | 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.