Dark Forest Capital Management’s Wendy's WEN Stock Holding History

Dark Forest Capital Management’s Portfolio WEN Stock Details WEN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$605K	Sell	87,120 -448,983	-84%	-$3.46M	0.05%	510
2025 Q4	$4.47M	Buy	536,103 +413,259	+336%	+$3.57M	0.2%	125
2025 Q3	$1.13M	Buy	122,844 +80,456	+190%	+$826K	0.04%	699
2025 Q2	$484K	Buy	42,388 +12,553	+42%	+$153K	0.02%	940
2025 Q1	$436K	Buy	29,835 +11,888	+66%	+$179K	0.02%	965
2024 Q4	$293K	Buy	+17,947	New	+$328K	0.04%	677
2023 Q4	–	Sell	-16,869	Closed	-$344K	–	1105
2023 Q3	$344K	Buy	16,869 +3,754	+29%	+$78.4K	0.03%	857
2023 Q2	$285K	Buy	13,115 +9,408	+254%	+$210K	0.03%	824
2023 Q1	$80.7K	Buy	+3,707	New	+$81.4K	0.02%	723
2021 Q3	–	Sell	-196	Closed	-$5K	–	1574
2021 Q2	$5K	Buy	+196	New	+$4.5K	﹤0.01%	698

Other funds holding WEN

TFM

Trian Fund Management New York $3.86B AUM 26.59% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Charles Schwab San Francisco, California $654B AUM 26.35% 1-Year Est. Return

Harris Associates Chicago, Illinois $75B AUM 11.27% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Dark Forest Capital Management's WEN Position: Q1 2026 in Review

Dark Forest Capital Management reduced its Wendy's (WEN) stake by 84% in Q1 2026, selling an estimated $3.46M and leaving 87,120 shares worth $605K. The position accounts for 0.05% of the portfolio, ranked #510.

Dark Forest Capital Management first reported a position in WEN in Q2 2021 and has held it in 10 quarters since. The position peaked at $4.47M in Q4 2025. 407 funds tracked by Wall St. Rank hold WEN as of Q1 2026.

Dark Forest Capital Management held 87,120 shares of Wendy's worth $605K as of Q1 2026.
Dark Forest Capital Management sold 448,983 Wendy's shares in Q1 2026, an estimated $3.46M.
Wendy's made up 0.05% of Dark Forest Capital Management's portfolio in Q1 2026, its #510 holding.
Dark Forest Capital Management first reported a position in Wendy's in Q2 2021 and has held it in 10 quarters since.
Dark Forest Capital Management's Wendy's position peaked at $4.47M in Q4 2025.
407 funds tracked by Wall St. Rank held Wendy's as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.