400 hedge funds and large institutions have $1.66B invested in Wendy's in 2025 Q3 according to their latest regulatory filings, with 72 funds opening new positions, 136 increasing their positions, 125 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding

Funds holding:

less ownership

Funds ownership:

26% less capital invested

Capital invested by funds: $2.24B → $1.66B (-$580M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

71% less call options, than puts

Call options by funds: $25.3M | Put options by funds: $88M

Holders
400
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$25.3M
Puts
$88M
Net Calls
Net Calls Change

Top Sellers

1 -$55.1M
2 -$48.9M
3 -$31.7M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$27.4M
5
UBS Group
UBS Group
Switzerland
-$21.8M
Name Holding Trade Value Shares
Change
Change in
Stake
GI
401
Gradient Investments
Minnesota
JIM
402
JCP Investment Management
Texas
Allspring Global Investments
403
Allspring Global Investments
North Carolina
California Public Employees Retirement System
404
California Public Employees Retirement System
California
TI
405
Trexquant Investment
Connecticut
HF
406
HRT Financial
New York
Macquarie Group
407
Macquarie Group
Australia
Capstone Investment Advisors
408
Capstone Investment Advisors
New York
BAM
409
Blueshift Asset Management
New Jersey
SSA
410
Schonfeld Strategic Advisors
New York
FGP
411
Freestone Grove Partners
California
HT
412
Headlands Technologies
Illinois
State of Tennessee, Department of Treasury
413
State of Tennessee, Department of Treasury
Tennessee
VF
414
Virtu Financial
New York
MFS
415
Mattson Financial Services
Michigan
AIM
416
Aigen Investment Management
New York
OQS
417
Occudo Quantitative Strategies
Florida
PEAK6
418
PEAK6
Illinois
AC
419
AXQ Capital
New Jersey
JG
420
Jain Global
New York
MP
421
McDonald Partners
Ohio
AI
422
AdvisorShares Investments
Maryland
SOMRS
423
State of Michigan Retirement System
Michigan
NMIMC
424
Northwestern Mutual Investment Management Company
Wisconsin
NMERB
425
New Mexico Educational Retirement Board
New Mexico