| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| TRIAN FUND MANAGEMENT, L.P. | 16% | $380,120,516 | 30,904,107 | Nelson Peltz | 08 Jul 2025 | |||
| 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 |
| HARRIS ASSOCIATES L P | 5.8% | $113,753,550 | 11,076,295 | HARRIS ASSOCIATES L P | 30 Jun 2025 | |||
| AQR CAPITAL MANAGEMENT LLC | 4.4% | -39% | $77,660,715 | -$49,145,177 | 8,478,244 | -39% | AQR Capital Management, LLC | 30 Sep 2025 |
As of 30 Sep 2025, 388 institutional investors reported holding 181,749,602 shares of Wendy's Co - Common Stock, $.10 par value (WEN). This represents 95% of the company’s total 190,522,337 outstanding shares.
The largest institutional shareholders of Wendy's Co - Common Stock, $.10 par value (WEN) together control 79% 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% | 30,437,023 | +0.01% | 6.8% | $278,803,131 |
| BlackRock, Inc. | 13% | 24,108,492 | +22% | 0% | $220,833,786 |
| VANGUARD GROUP INC | 9.8% | 18,589,808 | -13% | 0% | $170,282,641 |
| HARRIS ASSOCIATES L P | 5.6% | 10,597,639 | -4.3% | 0.16% | $97,074,373 |
| AQR CAPITAL MANAGEMENT LLC | 4.5% | 8,478,244 | -39% | 0.05% | $77,194,411 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.6% | 6,864,824 | +4.4% | 0.01% | $62,881,788 |
| MORGAN STANLEY | 3.2% | 6,191,252 | +44% | 0% | $56,711,881 |
| STATE STREET CORP | 2.8% | 5,344,251 | +4.2% | 0% | $48,953,339 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.2% | 4,276,213 | -15% | 0.02% | $39,170,111 |
| DIMENSIONAL FUND ADVISORS LP | 2.2% | 4,274,293 | -0.87% | 0.01% | $39,152,089 |
| MARSHALL WACE, LLP | 2.1% | 4,029,742 | 0.04% | $36,912,438 | |
| GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 3,581,765 | +12% | 0% | $32,814,036 |
| BANK OF AMERICA CORP /DE/ | 1.6% | 2,971,830 | +7.7% | 0% | $27,221,963 |
| Point72 Asset Management, L.P. | 1.5% | 2,935,294 | -62% | 0.06% | $26,887,294 |
| UBS Group AG | 1.4% | 2,688,471 | -44% | 0% | $24,626,394 |
| NORTHERN TRUST CORP | 1.2% | 2,205,482 | +9% | 0% | $20,202,216 |
| Bank of New York Mellon Corp | 1.1% | 2,052,355 | -16% | 0% | $18,799,574 |
| MILLENNIUM MANAGEMENT LLC | 1% | 1,999,870 | -49% | 0.01% | $18,318,809 |
| FMR LLC | 0.8% | 1,523,471 | +4081% | 0% | $13,954,992 |
| Gotham Asset Management, LLC | 0.78% | 1,479,870 | +66% | 0.06% | $13,555,609 |
| Quantinno Capital Management LP | 0.67% | 1,273,287 | +692% | 0.03% | $11,663,317 |
| WELLS FARGO & COMPANY/MN | 0.66% | 1,258,131 | +1254% | 0% | $11,524,487 |
| Quinn Opportunity Partners LLC | 0.64% | 1,216,811 | +383% | 0.81% | $11,145,989 |
| Connor, Clark & Lunn Investment Management Ltd. | 0.59% | 1,126,467 | -0.68% | 0.03% | $10,318,438 |
| Squarepoint Ops LLC | 0.5% | 958,987 | 0.02% | $8,784,321 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 754,422 | $6,315,039 | +$1,330,533 | $8.33 | 25 |
| 2025 Q3 | 181,749,602 | $1,664,216,495 | -$164,657,734 | $9.16 | 388 |
| 2025 Q2 | 196,927,044 | $2,249,462,850 | +$102,031,642 | $11.42 | 397 |
| 2025 Q1 | 186,897,502 | $2,733,120,065 | -$13,515,568 | $14.63 | 418 |
| 2024 Q4 | 186,275,891 | $3,036,002,508 | +$116,265,114 | $16.30 | 418 |
| 2024 Q3 | 178,120,824 | $3,121,061,907 | +$40,161,738 | $17.52 | 384 |
| 2024 Q2 | 175,869,993 | $2,982,863,665 | +$12,081,342 | $16.96 | 390 |
| 2024 Q1 | 173,979,129 | $3,278,529,352 | -$32,914,254 | $18.84 | 359 |
| 2023 Q4 | 1,130,327 | $22,018,770 | +$3,024,932 | $19.48 | 4 |
| 2023 Q3 | 171,033,611 | $3,490,673,209 | +$187,168,730 | $20.41 | 341 |
| 2023 Q2 | 162,291,536 | $3,529,885,773 | -$66,113,063 | $21.75 | 351 |
| 2023 Q1 | 165,334,428 | $3,600,835,824 | +$261,082,610 | $21.78 | 337 |
| 2022 Q4 | 151,244,451 | $3,422,298,953 | +$38,820,580 | $22.63 | 325 |
| 2022 Q3 | 148,335,671 | $2,773,105,658 | +$13,335,070 | $18.69 | 309 |
| 2022 Q2 | 150,352,932 | $2,838,332,021 | -$7,371,224 | $18.88 | 312 |
| 2022 Q1 | 147,439,493 | $3,238,570,052 | -$10,539,450 | $21.97 | 326 |
| 2021 Q4 | 147,528,932 | $3,518,329,876 | -$160,059,361 | $23.85 | 344 |
| 2021 Q3 | 156,504,134 | $3,393,247,014 | +$125,937,026 | $21.68 | 336 |
| 2021 Q2 | 150,525,792 | $3,524,843,649 | -$195,042,212 | $23.42 | 319 |
| 2021 Q1 | 161,713,409 | $3,276,672,464 | -$77,503,058 | $20.26 | 311 |
| 2020 Q4 | 154,646,891 | $3,389,684,291 | -$11,412,536 | $21.92 | 304 |
| 2020 Q3 | 159,588,112 | $3,558,509,265 | +$65,563,654 | $22.30 | 300 |
| 2020 Q2 | 156,781,708 | $3,414,854,700 | +$127,101,750 | $21.78 | 319 |
| 2020 Q1 | 152,348,638 | $2,266,234,099 | -$185,478,863 | $14.88 | 302 |
| 2019 Q4 | 163,529,250 | $3,631,896,124 | -$99,753,851 | $22.21 | 340 |
| 2019 Q3 | 167,995,722 | $3,356,669,092 | -$208,674,676 | $19.98 | 338 |
| 2019 Q2 | 178,412,436 | $3,493,038,794 | +$158,305,705 | $19.58 | 313 |
| 2019 Q1 | 179,024,453 | $3,202,579,162 | +$7,996,046 | $17.89 | 304 |
| 2018 Q4 | 178,733,164 | $2,790,106,909 | -$127,371,590 | $15.61 | 301 |
| 2018 Q3 | 173,186,312 | $2,968,411,468 | -$8,177,339 | $17.14 | 286 |
| 2018 Q2 | 176,626,994 | $3,034,494,659 | -$99,485,961 | $17.18 | 292 |
| 2018 Q1 | 184,253,412 | $3,233,603,595 | +$10,925,150 | $17.55 | 291 |
| 2017 Q4 | 184,048,636 | $3,022,114,033 | +$85,095,602 | $16.42 | 274 |
| 2017 Q3 | 178,706,500 | $2,775,505,131 | -$50,926,100 | $15.53 | 261 |
| 2017 Q2 | 180,871,221 | $2,805,597,072 | +$179,749,045 | $15.51 | 270 |
| 2017 Q1 | 182,602,490 | $2,485,643,775 | +$201,791,785 | $13.61 | 265 |
| 2016 Q4 | 193,673,023 | $2,618,527,059 | -$292,334,426 | $13.52 | 249 |
| 2016 Q3 | 214,388,572 | $2,314,167,101 | +$79,513,743 | $10.80 | 236 |
| 2016 Q2 | 213,092,621 | $2,050,063,665 | +$34,407,923 | $9.62 | 243 |
| 2016 Q1 | 207,120,525 | $2,255,300,159 | -$38,344,604 | $10.89 | 239 |
| 2015 Q4 | 212,681,586 | $2,290,309,179 | +$22,048,534 | $10.77 | 253 |
| 2015 Q3 | 209,986,079 | $1,816,289,836 | -$785,371,038 | $8.65 | 247 |
| 2015 Q2 | 291,147,625 | $3,283,763,307 | +$152,145,578 | $11.28 | 272 |
| 2015 Q1 | 278,752,524 | $3,037,944,270 | +$91,396,818 | $10.90 | 248 |
| 2014 Q4 | 271,594,369 | $2,452,874,583 | +$84,388,537 | $9.03 | 255 |
| 2014 Q3 | 270,409,618 | $2,234,281,785 | -$116,761,217 | $8.26 | 249 |
| 2014 Q2 | 284,234,407 | $2,424,130,602 | -$59,729,553 | $8.53 | 267 |
| 2014 Q1 | 290,584,292 | $2,649,454,116 | -$222,819,078 | $9.12 | 269 |