Trian Fund Management’s Wendy's WEN Stock Holding History

Trian Fund 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	$212M	Buy	30,446,022 +5,704	+0%	+$43.9K	5.48%	5
2025 Q4	$254M	Buy	30,440,318 +3,295	+0%	+$28.4K	6.36%	4
2025 Q3	$279M	Buy	30,437,023 +2,229	+0%	+$22.9K	6.79%	5
2025 Q2	$348M	Buy	30,434,794 +11,111	+0%	+$136K	9.17%	4
2025 Q1	$445M	Sell	30,423,683 -101,346	-0.3%	-$1.52M	11.91%	4
2024 Q4	$498M	Buy	30,525,029 +12,434	+0%	+$227K	12.82%	4
2024 Q3	$535M	Sell	30,512,595 -995,273	-3%	-$16.9M	13.74%	3
2024 Q2	$534M	Buy	31,507,868 +40,718	+0.1%	+$740K	13.03%	3
2024 Q1	$593M	Hold	31,467,150	–	–	7.39%	4
2023 Q4	$613M	Sell	31,467,150 -1,883,593	-6%	-$36.3M	8.75%	4
2023 Q3	$681M	Buy	33,350,743 +12,618,115	+61%	+$264M	10.35%	4
2023 Q2	$451M	Sell	20,732,628 -973,142	-4%	-$21.7M	11.62%	5
2023 Q1	$473M	Sell	21,705,770 -3,627,569	-14%	-$79.7M	12.6%	5
2022 Q4	$573M	Hold	25,333,339	–	–	11.76%	5
2022 Q3	$473M	Hold	25,333,339	–	–	12.47%	5
2022 Q2	$478M	Hold	25,333,339	–	–	10.51%	5
2022 Q1	$557M	Hold	25,333,339	–	–	9.32%	5
2021 Q4	$604M	Hold	25,333,339	–	–	8.1%	6
2021 Q3	$549M	Sell	25,333,339 -1,297,290	-5%	-$29.6M	6.83%	7
2021 Q2	$624M	Hold	26,630,629	–	–	7.29%	7
2021 Q1	$540M	Hold	26,630,629	–	–	6.38%	7
2020 Q4	$584M	Hold	26,630,629	–	–	8.64%	6
2020 Q3	$594M	Hold	26,630,629	–	–	9.81%	5
2020 Q2	$580M	Hold	26,630,629	–	–	10.49%	4
2020 Q1	$396M	Hold	26,630,629	–	–	5.71%	5
2019 Q4	$591M	Hold	26,630,629	–	–	6.24%	6
2019 Q3	$532M	Sell	26,630,629 -2,000,000	-7%	-$39.9M	5.55%	6
2019 Q2	$561M	Hold	28,630,629	–	–	5.92%	5
2019 Q1	$512M	Sell	28,630,629 -3,000,000	-9%	-$51M	5.48%	7
2018 Q4	$494M	Hold	31,630,629	–	–	5.35%	7
2018 Q3	$542M	Hold	31,630,629	–	–	5.24%	6
2018 Q2	$543M	Sell	31,630,629 -2,405,292	-7%	-$40.9M	5.27%	7
2018 Q1	$597M	Sell	34,035,921 -5,000,000	-13%	-$83M	6.03%	7
2017 Q4	$641M	Hold	39,035,921	–	–	5.42%	7
2017 Q3	$606M	Hold	39,035,921	–	–	4.67%	8
2017 Q2	$605M	Sell	39,035,921 -5,500,000	-12%	-$83.3M	4.56%	8
2017 Q1	$606M	Hold	44,535,921	–	–	4.55%	8
2016 Q4	$602M	Buy	44,535,921 +3,743,384	+9%	+$45.2M	5.43%	7
2016 Q3	$441M	Hold	40,792,537	–	–	4.3%	7
2016 Q2	$392M	Hold	40,792,537	–	–	3.74%	7
2016 Q1	$444M	Hold	40,792,537	–	–	4.28%	7
2015 Q4	$439M	Hold	40,792,537	–	–	3.56%	8
2015 Q3	$353M	Sell	40,792,537 -13,232,044	-24%	-$128M	3.01%	9
2015 Q2	$609M	Sell	54,024,581 -10,775,664	-17%	-$119M	5.89%	6
2015 Q1	$706M	Hold	64,800,245	–	–	8.25%	6
2014 Q4	$585M	Hold	64,800,245	–	–	6.2%	8
2014 Q3	$535M	Hold	64,800,245	–	–	7.04%	7
2014 Q2	$553M	Hold	64,800,245	–	–	8.13%	7
2014 Q1	$591M	Sell	64,800,245 -18,200,000	-22%	-$167M	9.69%	5
2013 Q4	$724M	Hold	83,000,245	–	–	12.2%	4
2013 Q3	$704M	Hold	83,000,245	–	–	12.89%	4
2013 Q2	$484M	Buy	+83,000,245	New	+$481M	9.53%	5

Other funds holding WEN

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

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

Trian Fund Management's WEN Position: Q1 2026 in Review

Trian Fund Management increased its Wendy's (WEN) stake by 0.02% in Q1 2026, buying an estimated $43.9K and bringing the position to 30,446,022 shares worth $212M. The position accounts for 5.48% of the portfolio, ranked #5.

Trian Fund Management first reported a position in WEN in Q2 2013 and has held it in 52 quarters since. The position peaked at $724M in Q4 2013. 407 funds tracked by Wall St. Rank hold WEN as of Q1 2026.

Trian Fund Management held 30,446,022 shares of Wendy's worth $212M as of Q1 2026.
Trian Fund Management bought 5,704 Wendy's shares in Q1 2026, an estimated $43.9K.
Wendy's made up 5.48% of Trian Fund Management's portfolio in Q1 2026, its #5 holding.
Trian Fund Management first reported a position in Wendy's in Q2 2013 and has held it in 52 quarters since.
Trian Fund Management's Wendy's position peaked at $724M in Q4 2013.
407 funds tracked by Wall St. Rank held Wendy's as of Q1 2026.

Based on Trian Fund Management's 13F filing for Q1 2026, filed 15 May 2026.