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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
TFM
1
Trian Fund Management
New York
$348M +$136K +11,111 +0%
Vanguard Group
2
Vanguard Group
Pennsylvania
$243M -$4.59M -376,521 -2%
BlackRock
3
BlackRock
New York
$226M -$53.8K -4,407 -0%
AQR Capital Management
4
AQR Capital Management
Connecticut
$158M +$39.1M +3,205,269 +30%
Harris Associates
5
Harris Associates
Illinois
$126M +$16.2M +1,324,985 +14%
Point72 Asset Management
6
Point72 Asset Management
Connecticut
$87.9M +$20.6M +1,690,346 +28%
Charles Schwab
7
Charles Schwab
California
$75.1M -$2.37M -194,552 -3%
State Street
8
State Street
Massachusetts
$58.6M -$6.55M -536,968 -9%
Arrowstreet Capital
9
Arrowstreet Capital
Massachusetts
$57.6M +$23.4M +1,915,465 +61%
UBS Group
10
UBS Group
Switzerland
$54.9M +$42.4M +3,479,892 +261%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$49.2M +$2.37M +194,059 +5%
Morgan Stanley
12
Morgan Stanley
New York
$49.1M +$16.5M +1,352,186 +46%
Millennium Management
13
Millennium Management
New York
$44.9M +$1.29M +105,812 +3%
Janus Henderson Group
14
Janus Henderson Group
United Kingdom
$37.5M +$852K +69,828 +2%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$36.5M -$1.68M -137,401 -4%
Bank of America
16
Bank of America
North Carolina
$31.5M +$8.66M +710,239 +35%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$27.8M -$1.72M -141,305 -5%
JP Morgan Chase
18
JP Morgan Chase
New York
$23.4M -$29.5M -2,420,356 -54%
Northern Trust
19
Northern Trust
Illinois
$23.1M -$11.8M -964,472 -32%
Norges Bank
20
Norges Bank
Norway
$18.9M -$2.62M -214,485 -11%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$16.2M -$11.8M -966,600 -41%
Connor, Clark & Lunn Investment Management (CC&L)
22
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$13M +$13.6M +1,116,979 +6,475%
Qube Research & Technologies (QRT)
23
Qube Research & Technologies (QRT)
United Kingdom
$12.1M -$7.03M -575,925 -35%
Massachusetts Financial Services
24
Massachusetts Financial Services
Massachusetts
$11.8M -$142K -11,625 -1%
Goldman Sachs
25
Goldman Sachs
New York
$11.3M -$1.05M -85,860 -8%

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.