Ranked by reported Q2 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. | 30.5M | $252.6M | +0.1% | 15.996% | 5.97% |
| 2 | BlackRock, Inc. | 26.3M | $218.1M | +21.1% | 13.815% | 0.00% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.3M | $85.4M | +11.2% | 5.408% | 0.00% |
| 4 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 8.4M | $69.3M | +180.4% | 4.390% | 0.01% |
| 5 | FAIRFAX FINANCIAL HOLDINGS LTD/ CAN | 8.0M | $66.3M | +144.9% | 4.203% | 2.51% |
| 6 | JANE STREET GROUP, LLC | 7.8M | $64.5M | +316.1% | 4.087% | 0.01% |
| 7 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 7.5M | $62.4M | +15.8% | 3.950% | 0.01% |
| 8 | VANGUARD CAPITAL MANAGEMENT LLC | 6.9M | $57.4M | +1.5% | 3.635% | 0.00% |
| 9 | WELLS FARGO & COMPANY/MN | 6.7M | $55.4M | -3.3% | 3.509% | 0.01% |
| 10 | STATE STREET CORP | 6.6M | $54.4M | +20.1% | 3.448% | 0.00% |
| 11 | HARRIS ASSOCIATES L P | 5.6M | $46.3M | -5.8% | 2.933% | 0.06% |
| 12 | CITADEL ADVISORS LLC | 4.7M | $38.6M | +77.3% | 2.443% | 0.00% |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 4.3M | $35.4M | +44.4% | 2.242% | 0.00% |
| 14 | MORGAN STANLEY | 4.0M | $33.1M | -47.4% | 2.098% | 0.00% |
| 15 | NORTHERN TRUST CORP | 3.5M | $29.2M | +26.9% | 1.847% | 0.00% |
| 16 | DIMENSIONAL FUND ADVISORS LP | 3.5M | $29.0M | +0.7% | 1.837% | 0.01% |
| 17 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 3.0M | $25.2M | -18.9% | 1.596% | 0.04% |
| 18 | Caption Management, LLC | 2.8M | $23.2M | -3.5% | 1.470% | 0.11% |
| 19 | UBS Group AG | 2.4M | $19.8M | -10.6% | 1.256% | 0.00% |
| 20 | GOLDMAN SACHS GROUP INC | 2.3M | $19.4M | +100.2% | 1.227% | 0.00% |
| 21 | Bank of New York Mellon Corp | 2.3M | $18.9M | +5.6% | 1.197% | 0.00% |
| 22 | PEAK6 LLC | 2.2M | $18.0M | +500.7% | 1.140% | 0.04% |
| 23 | Point72 Asset Management, L.P. | 1.9M | $15.9M | +6756.4% | 1.006% | 0.02% |
| 24 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 1.9M | $15.9M | +15.1% | 1.004% | 0.05% |
| 25 | ELEMENT CAPITAL MANAGEMENT LLC | 1.9M | $15.8M | — | 0.997% | 0.49% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in WEN — a direct measure of their conviction.
Filings activity in WEN during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 412 | +0.7% | 109.25% | +4.42 pp | $1.71B | +24% |
| Q1 2026 | 409 | 2.9% | 104.83% | 1.34 pp | $1.37B | 18% |
| Q4 2025 | 421 | +5.8% | 106.17% | +5.45 pp | $1.67B | 4.3% |
| Q3 2025 | 398 | +1.8% | 100.72% | 3.44 pp | $1.74B | 23% |
| Q2 2025 | 391 | 5.6% | 104.16% | +8.14 pp | $2.25B | 17% |
| Q1 2025 | 414 | +0.5% | 96.02% | +4.21 pp | $2.71B | 20% |
| Q4 2024 | 412 | +9.9% | 91.81% | +3.87 pp | $3.39B | +9.5% |
| Q3 2024 | 375 | — | 87.94% | — | $3.09B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying WEN stock.
Based on Q2 2026 13F filings, institutional ownership of The Wendy's Company stands at 109.3%, held across 412 reporting institutions.
TRIAN FUND MANAGEMENT, L.P. is the largest reported institutional holder of WEN, with approximately 30,468,434 shares worth $0.25B as of Q2 2026.
Yes — 4 widely-followed marquee investors appear among the top 25 institutional holders of WEN, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, JANE STREET GROUP, LLC, CITADEL ADVISORS LLC, Point72 Asset Management, L.P..
Our composite Smart Money Score for WEN is 71 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
78 institutions opened new positions in WEN during Q2 2026, while 77 fully exited. 237 added to existing positions and 82 trimmed.
WEN institutional ownership rose by 4.42 percentage points quarter-over-quarter, with a net change of +3 holders.
The top 10 institutions account for 57.7% of all reported 13F value in WEN, and the top 25 account for 80.1%.
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