395 hedge funds and large institutions have $1.66B invested in Wendy's in 2025 Q3 according to their latest regulatory filings, with 73 funds opening new positions, 131 increasing their positions, 126 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less funds holding

Funds holding:

less ownership

Funds ownership:

26% less capital invested

Capital invested by funds: $2.25B → $1.66B (-$585M)

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
395
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 -$48.9M
2 -$43.6M
3 -$28.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.4M
5
UBS Group
UBS Group
Switzerland
-$19.4M
Name Holding Trade Value Shares
Change
Change in
Stake
ASN
151
Advisory Services Network
Georgia
$398K
TRSOTSOK
152
Teachers Retirement System of the State of Kentucky
Kentucky
$397K
Zurich Cantonal Bank
153
Zurich Cantonal Bank
Switzerland
$392K
Cambridge Investment Research Advisors
154
Cambridge Investment Research Advisors
Iowa
$377K
Bank of Nova Scotia
155
Bank of Nova Scotia
Ontario, Canada
$375K
COPPSERS
156
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$369K
ECM
157
Evergreen Capital Management
Washington
$359K
AWA
158
Aaron Wealth Advisors
Illinois
$357K
M&T Bank
159
M&T Bank
New York
$353K
MFG
160
Merit Financial Group
Georgia
$349K
NCM
161
NCM Capital Management
New Jersey
$327K
CIG
162
Cullen Investment Group
Louisiana
$327K
OPERF
163
Oregon Public Employees Retirement Fund
Oregon
$326K
Manulife (Manufacturers Life Insurance)
164
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$312K
SSIM
165
Sheets Smith Investment Management
Texas
$309K
TRCT
166
Tower Research Capital (TRC)
New York
$309K
AGWCA
167
Annis Gardner Whiting Capital Advisors
Florida
$307K
YCM
168
Yousif Capital Management
Michigan
$300K
CPIG
169
Chicago Partners Investment Group
Illinois
$300K
MSRPS
170
Maryland State Retirement & Pension System
Maryland
$298K
Comerica Bank
171
Comerica Bank
Texas
$296K
BFM
172
Boothbay Fund Management
New York
$288K
SFA
173
Sequoia Financial Advisors
Ohio
$277K
PA
174
Probity Advisors
Texas
$273K
EW
175
Evoke Wealth
California
$272K