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Wendy's

271 hedge funds and large institutions have $2.45B invested in Wendy's in 2014 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 81 increasing their positions, 102 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more call options, than puts

Call options by funds: $14.8M | Put options by funds: $10.8M

0.68% less ownership

Funds ownership: 61.78%61.1% (-0.68%)

9% less first-time investments, than exits

New positions opened: 32 | Existing positions closed: 35

1% less funds holding

Funds holding: 275271 (-4)

7% less capital invested

Capital invested by funds: $2.65B → $2.45B (-$196M)

20% less funds holding in top 10

Funds holding in top 10: 54 (-1)

21% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 102

Holders
271
Holders Change
-4
Holders Change %
-1.45%
% of All Funds
7.79%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
32
Increased
81
Reduced
102
Closed
35
Calls
$14.8M
Puts
$10.8M
Net Calls
+$4.03M
Net Calls Change
+$5.5M
Name Holding Trade Value Shares
Change
Change in
Stake
TFM
1
Trian Fund Management
New York
$553M
HK
2
Horizon Kinetics
New York
$272M +$5.66M +672,369 +2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$133M +$2.2M +261,395 +2%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$133M -$3.39M -402,216 -3%
JHIU
5
Janus Henderson Investors US
Colorado
$126M +$43.9M +5,208,215 +54%
Jennison Associates
6
Jennison Associates
New York
$89.1M +$26.1M +3,094,431 +42%
SFM
7
Systematic Financial Management
New Jersey
$84.7M -$11.5M -1,368,752 -12%
State Street
8
State Street
Massachusetts
$65.8M +$196K +23,219 +0.3%
BIT
9
BlackRock Institutional Trust
California
$64.2M -$2.68M -318,332 -4%
BFA
10
BlackRock Fund Advisors
California
$63.5M +$3.91M +464,462 +7%
Principal Financial Group
11
Principal Financial Group
Iowa
$60.5M -$19M -2,254,770 -24%
D.E. Shaw & Co
12
D.E. Shaw & Co
New York
$60.3M +$23.7M +2,813,984 +66%
Norges Bank
13
Norges Bank
Norway
$53.9M +$26.6M +3,161,499 +100%
Morgan Stanley
14
Morgan Stanley
New York
$38.2M -$2.99M -355,024 -7%
Wells Fargo
15
Wells Fargo
California
$36.2M -$5.04M -598,157 -12%
HCM
16
Highfields Capital Management
Massachusetts
$30.2M
NRECA
17
National Rural Electric Cooperative Association
Virginia
$30M
Bank of New York Mellon
18
Bank of New York Mellon
New York
$24.7M -$462K -54,814 -2%
Allianz Asset Management
19
Allianz Asset Management
Germany
$24.3M +$17.2M +2,042,350 +254%
Deutsche Bank
20
Deutsche Bank
Germany
$24M -$2.3M -272,497 -9%
Renaissance Technologies
21
Renaissance Technologies
New York
$23.6M -$12M -1,426,793 -34%
Northern Trust
22
Northern Trust
Illinois
$20.5M -$1.67M -198,018 -8%
Two Sigma Investments
23
Two Sigma Investments
New York
$20.4M +$3.67M +435,790 +22%
GC
24
Guggenheim Capital
Illinois
$18.3M -$1.91M -226,303 -10%
Neuberger Berman Group
25
Neuberger Berman Group
New York
$14.3M -$2.49M -295,299 -15%

WEN Hedge Fund Activity: Q2 2014 in Review

271 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Wendy's (WEN) for Q2 2014, worth a combined $2.45B — down 7.4% from $2.65B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of WEN and 32 opened new positions — a net loss of 3 holders — while 102 trimmed existing stakes and 81 added.

The largest buyer was Janus Henderson Investors US, adding an estimated $43.9M. The largest seller was Absolute Return Capital, exiting entirely with an estimated $30.5M sold.

  • 271 institutional investors held Wendy's (WEN) as of Q2 2014, down from 275 in Q1 2014.
  • Funds reported $2.45B of Wendy's stock for Q2 2014, down 7.4% quarter-over-quarter.
  • 32 funds opened new Wendy's positions in Q2 2014 and 35 closed out, a net change of -3 holders.
  • The largest Wendy's buyer in Q2 2014 was Janus Henderson Investors US, an estimated $43.9M added.
  • The largest Wendy's seller in Q2 2014 was Absolute Return Capital, an estimated $30.5M sold.

Based on aggregated 13F filings for Q2 2014.