Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in WEN held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | TRIAN FUND MANAGEMENT, L.P. | 30.4M | $211.6M | +0.0% | 15.984% | 5.48% |
| 2 | BlackRock, Inc. | 21.7M | $151.1M | -12.7% | 11.412% | 0.00% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 9.3M | $64.4M | β | 4.862% | 0.00% |
| 4 | MORGAN STANLEY | 7.6M | $52.8M | +15.9% | 3.985% | 0.00% |
| 5 | WELLS FARGO & COMPANY/MN | 6.9M | $48.0M | +63.6% | 3.629% | 0.01% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 6.8M | $47.4M | β | 3.582% | 0.00% |
| 7 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 6.5M | $45.2M | -8.4% | 3.411% | 0.01% |
| 8 | HARRIS ASSOCIATES L P | 5.9M | $41.2M | -40.5% | 3.113% | 0.05% |
| 9 | STATE STREET CORP | 5.5M | $38.0M | +0.4% | 2.869% | 0.00% |
| 10 | BANK OF AMERICA CORP /DE/ | 4.5M | $31.2M | +5.6% | 2.359% | 0.00% |
| 11 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 4.0M | $28.1M | -5.8% | 2.121% | 0.02% |
| 12 | TWO SIGMA INVESTMENTS, LP | 3.9M | $26.9M | β | 2.035% | 0.02% |
| 13 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 3.8M | $26.1M | β | 1.969% | 0.04% |
| 14 | DIMENSIONAL FUND ADVISORS LP | 3.5M | $24.2M | -11.9% | 1.825% | 0.01% |
| 15 | MILLENNIUM MANAGEMENT LLC | 3.4M | $23.6M | β | 1.786% | 0.02% |
| 16 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | 3.3M | $22.8M | β | 1.716% | 1.17% |
| 17 | AQR CAPITAL MANAGEMENT LLC | 3.1M | $21.4M | -73.4% | 1.634% | 0.01% |
| 18 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.0M | $20.7M | +54.5% | 1.565% | 0.00% |
| 19 | GEODE CAPITAL MANAGEMENT, LLC | 3.0M | $20.6M | -7.5% | 1.552% | 0.00% |
| 20 | Caption Management, LLC | 2.9M | $20.2M | β | 1.524% | 0.19% |
| 21 | NORTHERN TRUST CORP | 2.8M | $19.3M | +22.3% | 1.455% | 0.00% |
| 22 | UBS Group AG | 2.7M | $18.6M | +33.1% | 1.405% | 0.00% |
| 23 | CITADEL ADVISORS LLC | 2.6M | $18.2M | β | 1.378% | 0.01% |
| 24 | RENAISSANCE TECHNOLOGIES LLC | 2.3M | $16.3M | +2612.4% | 1.229% | 0.03% |
| 25 | FMR LLC | 2.2M | $15.6M | +22.3% | 1.178% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in WEN β a direct measure of their conviction.
Filings activity in WEN during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new WEN position in Q1 2026
Institutions that fully closed their WEN position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 399 | 3.2% | 104.40% | 20.17 pp | $1.35B | 16% |
| Q4 2025 | 412 | +6.5% | 124.57% | 6.99 pp | $1.61B | 5.3% |
| Q3 2025 | 387 | 1.0% | 131.56% | 42.53 pp | $1.70B | 24% |
| Q2 2025 | 391 | 5.6% | 174.09% | 25.90 pp | $2.25B | 17% |
| Q1 2025 | 414 | +0.5% | 199.99% | +0.00 pp | $2.71B | 20% |
| Q4 2024 | 412 | +9.9% | 199.99% | +0.00 pp | $3.39B | +9.5% |
| Q3 2024 | 375 | 2.1% | 199.99% | +0.00 pp | $3.09B | +5.5% |
| Q2 2024 | 383 | β | 199.99% | β | $2.93B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying WEN stock.
Based on Q1 2026 13F filings, institutional ownership of The Wendy's Company stands at 104.4%, held across 399 reporting institutions.
TRIAN FUND MANAGEMENT, L.P. is the largest reported institutional holder of WEN, with approximately 30,446,022 shares worth $0.21B as of Q1 2026.
Yes β 5 widely-followed marquee investors appear among the top 25 institutional holders of WEN, including TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for WEN is 52 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
78 institutions opened new positions in WEN during Q1 2026, while 91 fully exited. 91 added to existing positions and 226 trimmed.
WEN institutional ownership fell by 20.17 percentage points quarter-over-quarter, with a net change of -13 holders.
The top 10 institutions account for 54.1% of all reported 13F value in WEN, and the top 25 account for 78.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
The Wendy's Company (WEN) Institutional Ownership