State of Michigan Retirement System’s Wendy's WEN Stock Holding History

State of Michigan Retirement System’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
2025 Q3	–	Sell	-38,785	Closed	-$443K	–	963
2025 Q2	$443K	Sell	38,785 -2,200	-5%	-$26.8K	﹤0.01%	930
2025 Q1	$600K	Buy	40,985 +400	+1%	+$6.02K	﹤0.01%	915
2024 Q4	$662K	Buy	40,585 +600	+2%	+$10.9K	﹤0.01%	917
2024 Q3	$701K	Hold	39,985	–	–	﹤0.01%	911
2024 Q2	$678K	Sell	39,985 -1,000	-2%	-$18.2K	﹤0.01%	910
2024 Q1	$772K	Buy	40,985 +900	+2%	+$16.9K	﹤0.01%	896
2023 Q4	$781K	Sell	40,085 -400	-1%	-$7.7K	﹤0.01%	891
2023 Q3	$826K	Sell	40,485 -1,000	-2%	-$20.9K	0.01%	855
2023 Q2	$902K	Sell	41,485 -1,600	-4%	-$35.6K	0.01%	844
2023 Q1	$938K	Sell	43,085 -300	-0.7%	-$6.59K	0.01%	830
2022 Q4	$982K	Buy	43,385 +500	+1%	+$10.7K	0.01%	808
2022 Q3	$802K	Sell	42,885 -700	-2%	-$14.1K	0.01%	827
2022 Q2	$823K	Sell	43,585 -1,200	-3%	-$22.7K	0.01%	849
2022 Q1	$984K	Buy	44,785 +17	+0%	+$383	0.01%	827
2021 Q4	$1.07M	Buy	44,768 +100	+0.2%	+$2.22K	0.01%	833
2021 Q3	$968K	Hold	44,668	–	–	0.01%	849
2021 Q2	$1.05M	Sell	44,668 -21,700	-33%	-$498K	0.01%	824
2021 Q1	$1.34M	Buy	66,368 +1,100	+2%	+$22.8K	0.01%	850
2020 Q4	$1.43M	Hold	65,268	–	–	0.01%	769
2020 Q3	$1.46M	Buy	65,268 +400	+0.6%	+$8.81K	0.01%	674
2020 Q2	$1.41M	Buy	64,868 +13,825	+27%	+$275K	0.01%	662
2020 Q1	$760K	Sell	51,043 -3,100	-6%	-$61K	0.01%	708
2019 Q4	$1.2M	Buy	54,143 +600	+1%	+$12.7K	0.01%	740
2019 Q3	$1.07M	Sell	53,543 -400	-0.7%	-$7.97K	0.01%	744
2019 Q2	$1.06M	Sell	53,943 -10,900	-17%	-$205K	0.01%	756
2019 Q1	$1.16M	Sell	64,843 -1,800	-3%	-$30.6K	0.01%	781
2018 Q4	$1.04M	Sell	66,643 -2,600	-4%	-$44.3K	0.01%	768
2018 Q3	$1.19M	Buy	69,243 +3,200	+5%	+$55.9K	0.01%	808
2018 Q2	$1.14M	Buy	66,043 +600	+0.9%	+$10.2K	0.01%	811
2018 Q1	$1.15M	Buy	65,443 +200	+0.3%	+$3.32K	0.01%	788
2017 Q4	$1.07M	Sell	65,243 -3,400	-5%	-$51.7K	0.01%	809
2017 Q3	$1.07M	Sell	68,643 -10,300	-13%	-$158K	0.01%	819
2017 Q2	$1.22M	Buy	78,943 +700	+0.9%	+$10.6K	0.01%	805
2017 Q1	$1.06M	Sell	78,243 -2,500	-3%	-$34.1K	0.01%	832
2016 Q4	$1.09M	Sell	80,743 -1,300	-2%	-$15.7K	0.01%	837
2016 Q3	$886K	Sell	82,043 -3,500	-4%	-$35.3K	0.01%	876
2016 Q2	$823K	Sell	85,543 -1,800	-2%	-$18.9K	0.01%	873
2016 Q1	$951K	Buy	87,343 +800	+0.9%	+$7.93K	0.01%	836
2015 Q4	$932K	Sell	86,543 -17,500	-17%	-$172K	0.01%	825
2015 Q3	$900K	Sell	104,043 -20,040	-16%	-$194K	0.01%	868
2015 Q2	$1.4M	Sell	124,083 -900	-0.7%	-$9.92K	0.01%	789
2015 Q1	$1.36M	Sell	124,983 -5,400	-4%	-$57.7K	0.01%	804
2014 Q4	$1.18M	Sell	130,383 -100	-0.1%	-$844	0.01%	846
2014 Q3	$1.08M	Buy	130,483 +6,000	+5%	+$49.2K	0.01%	849
2014 Q2	$1.06M	Buy	124,483 +400	+0.3%	+$3.37K	0.01%	867
2014 Q1	$1.13M	Sell	124,083 -7,916	-6%	-$72.5K	0.01%	842
2013 Q4	$1.15M	Buy	131,999 +100	+0.1%	+$859	0.01%	833
2013 Q3	$1.12M	Buy	131,899 +1,600	+1%	+$12K	0.01%	812
2013 Q2	$760K	Buy	+130,299	New	+$755K	0.01%	879

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

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

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

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

Arrowstreet Capital Boston, Massachusetts $185B AUM 39.58% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

State of Michigan Retirement System's WEN Position: Q3 2025 in Review

State of Michigan Retirement System sold out of Wendy's (WEN) in Q3 2025, closing a stake of 38,785 shares — an estimated $443K sold.

State of Michigan Retirement System first reported a position in WEN in Q2 2013 and held it in 49 quarters. The position peaked at $1.46M in Q3 2020. 402 funds tracked by Wall St. Rank hold WEN as of Q3 2025.

State of Michigan Retirement System reported no remaining Wendy's position as of Q3 2025 after selling out during the quarter.
State of Michigan Retirement System sold 38,785 Wendy's shares in Q3 2025, an estimated $443K.
State of Michigan Retirement System first reported a position in Wendy's in Q2 2013 and held it in 49 quarters.
State of Michigan Retirement System's Wendy's position peaked at $1.46M in Q3 2020.
402 funds tracked by Wall St. Rank held Wendy's as of Q3 2025.

Based on State of Michigan Retirement System's 13F filing for Q3 2025, filed 5 Nov 2025.