Wendy's
402 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, 126 reducing their positions, and 68 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 126
6% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 68
0% more funds holding
Funds holding: 401 → 402 (+1)
6.95% less ownership
Funds ownership: 102.34% → 95.39% (-7%)
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: 2 → 1 (-1)
71% less call options, than puts
Call options by funds: $25.3M | Put options by funds: $88M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$44.6M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$41.4M |
| 3 |
Morgan Stanley
New York
|
+$19.4M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.3M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$55.1M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$48.9M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$31.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$27.4M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$21.8M |
WEN Hedge Fund Activity: Q3 2025 in Review
402 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Wendy's (WEN) for Q3 2025, worth a combined $1.66B — down 26% from $2.24B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new WEN positions and 68 closed out — a net gain of 4 holders — while 136 added to existing stakes and 126 trimmed.
The largest buyer was BlackRock, adding an estimated $44.6M. The largest seller was AQR Capital Management, cutting an estimated $55.1M.
- 402 institutional investors held Wendy's (WEN) as of Q3 2025, up from 401 in Q2 2025.
- Funds reported $1.66B of Wendy's stock for Q3 2025, down 26% quarter-over-quarter.
- 72 funds opened new Wendy's positions in Q3 2025 and 68 closed out, a net change of +4 holders.
- The largest Wendy's buyer in Q3 2025 was BlackRock, an estimated $44.6M added.
- The largest Wendy's seller in Q3 2025 was AQR Capital Management, an estimated $55.1M sold.
Based on aggregated 13F filings for Q3 2025.