| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| TRIAN FUND MANAGEMENT, L.P. | 16% | $352,924,902 | 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% | $122,060,771 | 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 181,738,991 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 | 1,874,122 | $15,628,867 | +$741,057 | $8.33 | 55 |
| 2025 Q3 | 181,738,991 | $1,664,119,543 | -$164,785,441 | $9.16 | 388 |
| 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 |