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401 hedge funds and large institutions have $2.24B invested in Wendy's in 2025 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 164 increasing their positions, 118 reducing their positions, and 82 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

39% more repeat investments, than reductions

Existing positions increased: 164 | Existing positions reduced: 118

8.39% more ownership

Funds ownership: 93.95%102.34% (+8.4%)

5% less funds holding

Funds holding: 422401 (-21)

19% less capital invested

Capital invested by funds: $2.76B → $2.24B (-$510M)

23% less first-time investments, than exits

New positions opened: 63 | Existing positions closed: 82

70% less call options, than puts

Call options by funds: $24.5M | Put options by funds: $81.2M

Holders
401
Holders Change
-21
Holders Change %
-4.98%
% of All Funds
5.28%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
63
Increased
164
Reduced
118
Closed
82
Calls
$24.5M
Puts
$81.2M
Net Calls
-$56.7M
Net Calls Change
-$30.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Retirement Systems of Alabama
26
Retirement Systems of Alabama
Alabama
$10.9M +$2.96M +242,725 +34%
Mirae Asset Global ETFs Holdings
27
Mirae Asset Global ETFs Holdings
Hong Kong
$10.7M +$600K +49,152 +6%
CSS
28
Cubist Systematic Strategies
Connecticut
$10.6M +$5.21M +426,767 +85%
UBS AM
29
UBS AM
Illinois
$10.3M +$3.17M +259,716 +41%
GAM
30
Gotham Asset Management
New York
$10.2M +$7.04M +577,217 +183%
GI
31
Gradient Investments
Minnesota
$9.55M +$595K +48,736 +6%
SIS
32
Sound Income Strategies
Florida
$9.3M +$2.66M +218,315 +37%
VOYA Investment Management
33
VOYA Investment Management
Georgia
$8.69M -$1.72M -140,657 -16%
JIM
34
JCP Investment Management
Texas
$8.64M +$9.23M +756,927 New
HKAM
35
Horizon Kinetics Asset Management
New York
$7.99M -$766K -62,832 -8%
RhumbLine Advisers
36
RhumbLine Advisers
Massachusetts
$7.98M -$17.7K -1,447 -0.2%
Allspring Global Investments
37
Allspring Global Investments
North Carolina
$7.5M +$83.8K +6,869 +1%
Citadel Advisors
38
Citadel Advisors
Florida
$7.48M +$4.82M +395,159 +152%
IC
39
IEQ Capital
California
$7.19M +$731K +59,902 +11%
Invesco
40
Invesco
Georgia
$7.01M -$16.3M -1,340,032 -69%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$6.89M -$3.83M -313,776 -34%
Federated Hermes
42
Federated Hermes
Pennsylvania
$6.86M -$293K -24,003 -4%
N
43
Nuveen
North Carolina
$6.73M -$5.42M -444,103 -43%
Verition Fund Management
44
Verition Fund Management
Connecticut
$6.3M -$1.14M -93,713 -15%
Holocene Advisors
45
Holocene Advisors
New York
$6.22M +$3.89M +319,004 +141%
TI
46
Trexquant Investment
Connecticut
$6.08M -$6.38M -522,724 -50%
Cerity Partners
47
Cerity Partners
New York
$5.52M +$3.87M +317,647 +192%
Citigroup
48
Citigroup
New York
$5.34M +$237K +19,404 +4%
BHCM
49
Brevan Howard Capital Management
Jersey
$5.3M +$3.97M +325,597 +235%
AAM
50
Advisors Asset Management
Colorado
$5M +$1.68M +137,699 +46%

WEN Hedge Fund Activity: Q2 2025 in Review

401 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Wendy's (WEN) for Q2 2025, worth a combined $2.24B — down 19% from $2.76B a quarter earlier.

Sellers outnumbered buyers: 82 funds closed out of WEN and 63 opened new positions — a net loss of 19 holders — while 118 trimmed existing stakes and 164 added.

The largest buyer was UBS Group, adding an estimated $42.4M. The largest seller was JP Morgan Chase, cutting an estimated $29.5M.

  • 401 institutional investors held Wendy's (WEN) as of Q2 2025, down from 422 in Q1 2025.
  • Funds reported $2.24B of Wendy's stock for Q2 2025, down 19% quarter-over-quarter.
  • 63 funds opened new Wendy's positions in Q2 2025 and 82 closed out, a net change of -19 holders.
  • The largest Wendy's buyer in Q2 2025 was UBS Group, an estimated $42.4M added.
  • The largest Wendy's seller in Q2 2025 was JP Morgan Chase, an estimated $29.5M sold.

Based on aggregated 13F filings for Q2 2025.