Wendy's Co - Common Stock, Par Value $.10 Per Share (WEN) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock, Par Value $.10 Per Share
Symbol
WEN on Nasdaq
Shares outstanding
190,351,638
Price per share
$7.72
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
190,173,619
Total reported value
$1,584,164,556
% of total 13F portfolios
0%
Share change
+9,000,051
Value change
+$72,045,429
Number of holders
413
Price from insider filings
$7.72
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Wendy's Co - Common Stock, Par Value $.10 Per Share (WEN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
TRIAN FUND MANAGEMENT, L.P. 16% +0.94% $238,649,178 +$69,472 30,913,106 +0.03% Nelson Peltz 18 Feb 2026
BlackRock, Inc. 12% $211,580,758 23,098,336 BlackRock, Inc. 30 Sep 2025
VANGUARD GROUP INC 9.8% -12% $170,282,641 -$24,437,937 18,589,808 -13% The Vanguard Group 30 Sep 2025
AQR CAPITAL MANAGEMENT LLC 6.2% +42% $96,220,114 +$26,528,949 11,705,610 +38% AQR Capital Management, LLC 31 Dec 2025
HARRIS ASSOCIATES L P 5.8% $122,060,771 11,076,295 HARRIS ASSOCIATES L P 30 Jun 2025

As of 31 Dec 2025, 413 institutional investors reported holding 190,173,619 shares of Wendy's Co - Common Stock, Par Value $.10 Per Share (WEN). This represents 100% of the company’s total 190,351,638 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Wendy's Co - Common Stock, Par Value $.10 Per Share (WEN) together control 82% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
TRIAN FUND MANAGEMENT, L.P. 16% 30,440,318 +0.01% 6.4% $253,567,849
BlackRock, Inc. 13% 24,905,595 +3.3% 0% $207,463,608
VANGUARD GROUP INC 9% 17,134,262 -7.8% 0% $142,728,402
AQR CAPITAL MANAGEMENT LLC 6.1% 11,705,610 +38% 0.05% $97,507,728
HARRIS ASSOCIATES L P 5.2% 9,966,105 -6% 0.11% $83,017,655
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 3.7% 7,091,847 +3.3% 0.01% $59,075,086
MORGAN STANLEY 3.4% 6,549,066 +5.8% 0% $54,553,733
STATE STREET CORP 2.9% 5,446,335 +1.9% 0% $45,367,971
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 2.3% 4,287,667 +0.27% 0.02% $35,716,266
BANK OF AMERICA CORP /DE/ 2.2% 4,257,211 +43% 0% $35,462,566
WELLS FARGO & COMPANY/MN 2.2% 4,224,648 +236% 0.01% $35,191,309
DIMENSIONAL FUND ADVISORS LP 2.1% 3,946,544 -7.7% 0.01% $32,873,993
GEODE CAPITAL MANAGEMENT, LLC 1.7% 3,196,092 -11% 0% $26,629,066
JANE STREET GROUP, LLC 1.7% 3,162,790 +237% 0.03% $26,346,041
MILLENNIUM MANAGEMENT LLC 1.3% 2,380,938 +19% 0.01% $19,833,214
NORTHERN TRUST CORP 1.2% 2,265,997 +2.7% 0% $18,875,754
Bank of New York Mellon Corp 1.2% 2,216,154 +8% 0% $18,460,560
UBS Group AG 1.1% 2,011,538 -25% 0% $16,756,112
FMR LLC 0.96% 1,834,757 +20% 0% $15,283,521
Gotham Asset Management, LLC 0.95% 1,805,023 +22% 0.05% $15,035,842
Connor, Clark & Lunn Investment Management Ltd. 0.89% 1,689,170 +50% 0.04% $14,070,786
Point72 Asset Management, L.P. 0.82% 1,563,923 -47% 0.02% $13,027,479
Quinn Opportunity Partners LLC 0.77% 1,466,811 +21% 0.53% $12,218,536
GOLDMAN SACHS GROUP INC 0.69% 1,316,668 +74% 0% $10,967,841
CITADEL ADVISORS LLC 0.67% 1,272,384 +233% 0.01% $10,598,959

Institutional Holders of Wendy's Co - Common Stock, Par Value $.10 Per Share (WEN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 190,173,619 $1,584,164,556 +$72,045,429 $8.33 413
2025 Q3 181,812,307 $1,664,791,117 -$160,263,349 $9.16 391
2025 Q2 196,927,044 $2,249,462,850 +$102,031,626 $11.42 397
2025 Q1 186,883,154 $2,732,909,900 -$13,726,914 $14.63 418
2024 Q4 186,549,469 $3,040,410,030 +$111,407,413 $16.30 419
2024 Q3 178,429,025 $3,126,461,940 +$45,476,687 $17.52 385
2024 Q2 175,852,898 $2,982,573,756 -$9,019,138 $16.96 387
2024 Q1 175,206,166 $3,301,647,089 -$8,079,135 $18.84 356
2023 Q4 175,588,526 $3,420,559,878 +$31,223,001 $19.48 382
2023 Q3 173,542,658 $3,541,883,054 +$182,356,372 $20.41 346
2023 Q2 164,009,064 $3,567,241,982 -$29,411,788 $21.75 354
2023 Q1 165,351,031 $3,601,197,399 +$260,783,485 $21.78 339
2022 Q4 154,143,894 $3,487,912,757 +$36,803,504 $22.63 333
2022 Q3 152,723,330 $2,855,110,446 +$12,532,417 $18.69 319
2022 Q2 151,536,996 $2,861,975,609 -$584,656 $18.88 319
2022 Q1 151,516,533 $3,328,075,022 -$9,904,362 $21.97 334
2021 Q4 151,393,846 $3,610,509,504 -$158,657,702 $23.85 351
2021 Q3 156,669,104 $3,396,823,534 +$126,622,832 $21.68 337
2021 Q2 150,658,996 $3,527,964,211 -$191,924,914 $23.42 321
2021 Q1 161,713,218 $3,276,668,950 -$45,090,335 $20.26 311
2020 Q4 160,799,236 $3,524,542,883 +$12,621,103 $21.92 309
2020 Q3 159,591,039 $3,558,574,867 +$64,966,176 $22.30 302
2020 Q2 156,901,604 $3,417,466,223 +$125,956,813 $21.78 322
2020 Q1 152,437,747 $2,267,559,456 -$194,631,381 $14.88 309
2019 Q4 163,529,274 $3,631,896,657 -$99,720,122 $22.21 341
2019 Q3 168,040,359 $3,357,560,092 -$208,772,075 $19.98 340
2019 Q2 178,492,279 $3,494,600,794 +$90,613,906 $19.58 317
2019 Q1 179,037,613 $3,202,814,162 +$7,828,689 $17.89 306
2018 Q4 180,619,946 $2,819,558,909 -$101,412,547 $15.61 303
2018 Q3 185,639,378 $3,181,855,468 -$6,047,587 $17.14 289
2018 Q2 186,472,593 $3,203,643,659 -$110,869,250 $17.18 296
2018 Q1 193,012,805 $3,387,331,594 +$16,055,486 $17.55 292
2017 Q4 192,610,613 $3,162,702,033 +$94,775,472 $16.42 276
2017 Q3 186,693,831 $2,899,551,131 -$16,941,428 $15.53 265
2017 Q2 188,609,689 $2,925,619,855 +$169,602,546 $15.51 273
2017 Q1 191,113,866 $2,601,484,619 +$171,130,375 $13.61 268
2016 Q4 193,679,707 $2,618,617,059 -$292,361,622 $13.52 250
2016 Q3 216,783,539 $2,340,032,101 +$76,687,191 $10.80 240
2016 Q2 213,372,308 $2,052,750,665 +$36,921,613 $9.62 247
2016 Q1 208,937,423 $2,275,087,159 -$38,750,466 $10.89 242
2015 Q4 212,703,941 $2,290,547,403 +$26,248,083 $10.77 255
2015 Q3 210,094,155 $1,817,223,836 -$797,439,423 $8.65 250
2015 Q2 293,384,702 $3,308,998,307 +$157,532,259 $11.28 274
2015 Q1 278,974,414 $3,040,363,270 +$91,859,450 $10.90 250
2014 Q4 271,618,168 $2,453,089,583 +$84,347,350 $9.03 256
2014 Q3 270,419,058 $2,234,359,785 -$116,768,932 $8.26 248
2014 Q2 284,234,407 $2,424,130,602 -$59,844,977 $8.53 266
2014 Q1 290,586,609 $2,649,475,116 -$210,189,064 $9.12 270