Wendy's
WEN
275 hedge funds and large institutions have $2.65B invested in Wendy's in 2014 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 81 increasing their positions, 105 reducing their positions, and 24 closing their positions.
104% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 24
10% more funds holding
Funds holding: 251 → 275 (+24)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
4% less capital invested
Capital invested by funds: $2.76B → $2.65B (-$111M)
5.52% less ownership
Funds ownership: 67.3% → 61.78% (-5.5%)
14% less call options, than puts
Call options by funds: $9.5M | Put options by funds: $11M
23% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 105
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$43.8M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$35.2M |
| 3 |
D.E. Shaw & Co
New York
|
+$20.5M |
| 4 |
Renaissance Technologies
New York
|
+$19.1M |
| 5 |
Morgan Stanley
New York
|
+$17.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFM
Trian Fund Management
New York
|
-$167M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$101M |
| 3 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$96.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$19.2M |
| 5 |
DFO
Duquesne Family Office
New York
|
-$17.4M |
WEN Hedge Fund Activity: Q1 2014 in Review
275 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Wendy's (WEN) for Q1 2014, worth a combined $2.65B — down 4% from $2.76B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new WEN positions and 24 closed out — a net gain of 25 holders — while 81 added to existing stakes and 105 trimmed.
The largest buyer was Horizon Kinetics, adding an estimated $43.8M. The largest seller was Trian Fund Management, cutting an estimated $167M.
- 275 institutional investors held Wendy's (WEN) as of Q1 2014, up from 251 in Q4 2013.
- Funds reported $2.65B of Wendy's stock for Q1 2014, down 4% quarter-over-quarter.
- 49 funds opened new Wendy's positions in Q1 2014 and 24 closed out, a net change of +25 holders.
- The largest Wendy's buyer in Q1 2014 was Horizon Kinetics, an estimated $43.8M added.
- The largest Wendy's seller in Q1 2014 was Trian Fund Management, an estimated $167M sold.
Based on aggregated 13F filings for Q1 2014.