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Wendy's Co · 13F filings

WEN Institutional Ownership

Holdings as of Jun 30, 2026From SEC Form 13FUpdated

Who owns Wendy's Co and what the big funds did with it last quarter, from every SEC 13F filing. 405 funds reported holding WEN at Jun 30, 2026, together owning 94.3% of the company.

← WEN stock page

Fund sentiment
Strongly bearish
Strongly bearishNeutralStrongly bullish
  • ●202 buying vs 217 selling
  • ▼Held by funds -7.8 pts
  • ▼Funds holding -8
  • ▼Superinvestors: 1 added, 4 cut
  • ▼Put/call 1.68 to 2.65

What the filings show, not a forecast. Positions can be up to 45 days old and leave out short sales.

Funds holding405−8 vs Q1 2026
Held by funds94.3%−7.8 pts
Value held$1.5B180M shares
Put/call ratio2.65up from 1.68

Funds holding and ownership

8 quarters
Q3 2024: 393 fundsQ3 '24Q4 2024: 424 fundsQ4 '24Q1 2025: 423 fundsQ1 '25Q2 2025: 402 fundsQ2 '25Q3 2025: 403 fundsQ3 '25Q4 2025: 429 fundsQ4 '25Q1 2026: 413 fundsQ1 '26Q2 2026: 405 fundsQ2 '2694.3% owned
Funds holdingHeld by funds %

Quarter over quarter

all 13F filers
Q2 2026This quarterQ1 2026Change
Funds holding405413−1.9%
In funds' top 1041+300.0%
13F shares180M195M−7.6%
Held by funds94.3%102.1%−7.8 pts
New positions7467+10.4%
Increased128139−7.9%
Reduced138133+3.8%
Sold out7983−4.8%
Calls (shares)5.4M2.2M+148.8%
Puts (shares)12.9M4.1M+216.4%
Put/call ratio2.651.68+57.0%

Buyers vs sellers

adding or new vs cutting or sold out
Q4 2024: 199 buyingQ4 2024: 187 sellingQ4 '24Q1 2025: 237 buyingQ1 2025: 180 sellingQ1 '25Q2 2025: 219 buyingQ2 2025: 197 sellingQ2 '25Q3 2025: 207 buyingQ3 2025: 193 sellingQ3 '25Q4 2025: 227 buyingQ4 2025: 196 sellingQ4 '25Q1 2026: 206 buyingQ1 2026: 216 sellingQ1 '26Q2 2026: 202 buyingQ2 2026: 217 sellingQ2 '26
Buying 202Selling 217latest quarter

Superinvestors in WEN

All superinvestors →

Who owns WEN

share of fund held shares
  • Index and passive funds40.5%
  • Active managers and hedge funds44.1%
  • Banks and brokers13.0%
  • Pensions, insurers and other2.4%

The top 10 holders own 62.6% of all WEN shares that funds reported. Groups are our own grouping of filers by name.

Put/call ratio

funds' options, market makers left out
1.00Q3 2024: 1.60Q3 '24Q4 2024: 1.03Q4 '24Q1 2025: 0.20Q1 '25Q2 2025: 1.22Q2 '25Q3 2025: 2.20Q3 '25Q4 2025: 0.84Q4 '25Q1 2026: 1.68Q1 '26Q2 2026: 2.65Q2 '262.65

Above 1 means funds hold more puts than calls, a sign of hedging or bets on a fall. Options are valued at the underlying shares.

Filed so far for Q3 2026

103 funds changed their position

🔒 Free account: see all 20.

Top holders

Q2 2026
#FundOf companySharesValueChange
1Trian Fund Management, L.P.15.98%30.5M$253M+22K
2BlackRock, Inc.13.80%26.3M$218M+4.6M
3Vanguard Portfolio Management LLC5.40%10.3M$85.4M+1M
4Fairfax Financial Holdings Ltd/ Can4.20%8M$66.3M+4.7M
5Charles Schwab Investment Management Inc3.95%7.5M$62.4M+1M
6Vanguard Capital Management LLC3.63%6.9M$57.4M+101K
7Wells Fargo & Company/mn3.51%6.7M$55.4M−229K
8State Street Corp3.44%6.6M$54.4M+1.1M
9Harris Associates L P2.93%5.6M$46.3M−343K
10Geode Capital Management, LLC2.24%4.3M$35.4M+1.3M
🔒 15 more top holders. Create a free account or sign in to see them.
Biggest buyers
Biggest sellers

WEN institutional ownership FAQ

Who owns the most WEN stock?

In Q2 2026 13F filings the largest holder of WEN was Trian Fund Management, L.P., followed by BlackRock, Inc. and Vanguard Portfolio Management LLC. Index fund managers are usually the biggest holders of large companies.

What percentage of WEN is owned by institutions?

Funds that file 13F reports held 94.3% of WEN's shares at Jun 30, 2026, compared with 102.1% a quarter earlier. That counts every manager with more than $100 million in US stocks.

Are hedge funds buying WEN?

In Q2 2026, 202 funds bought WEN (74 of them new positions) and 217 sold (79 sold out completely). Among well known investors, 1 added and 4 cut. Our fund sentiment for WEN is strongly bearish.

What is WEN's institutional put/call ratio?

Funds reported $107M of WEN puts against $40.5M of calls, a put/call ratio of 2.65 (1.68 the quarter before). Market makers and bank trading desks are left out, since their options are mostly hedges.

How current is this WEN ownership data?

13F filings show holdings at the end of each quarter and are due within 45 days, so positions can be up to six weeks old when they appear. We add each new filing within minutes, and the "filed so far" list shows funds that have already reported the next quarter.

For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Fund sentiment summarises what 13F filings show and is not a forecast. Holdings come from SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.