Wendy's
427 hedge funds and large institutions have $1.59B invested in Wendy's in 2025 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 148 increasing their positions, 131 reducing their positions, and 64 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
48% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 64
13% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 131
6% more funds holding
Funds holding: 403 → 427 (+24)
4.59% more ownership
Funds ownership: 95.45% → 100.04% (+4.6%)
5% less capital invested
Capital invested by funds: $1.67B → $1.59B (-$79.8M)
48% less call options, than puts
Call options by funds: $41.6M | Put options by funds: $79.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$27.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$25.6M |
| 3 |
Jane Street
New York
|
+$19.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$11.1M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$7.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$25M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$12.6M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$11.8M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$6.27M |
| 5 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$6.18M |
WEN Hedge Fund Activity: Q4 2025 in Review
427 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Wendy's (WEN) for Q4 2025, worth a combined $1.59B — down 4.8% from $1.67B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new WEN positions and 64 closed out — a net gain of 31 holders — while 148 added to existing stakes and 131 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $27.8M. The largest seller was Marshall Wace, cutting an estimated $25M.
- 427 institutional investors held Wendy's (WEN) as of Q4 2025, up from 403 in Q3 2025.
- Funds reported $1.59B of Wendy's stock for Q4 2025, down 4.8% quarter-over-quarter.
- 95 funds opened new Wendy's positions in Q4 2025 and 64 closed out, a net change of +31 holders.
- The largest Wendy's buyer in Q4 2025 was AQR Capital Management, an estimated $27.8M added.
- The largest Wendy's seller in Q4 2025 was Marshall Wace, an estimated $25M sold.
Based on aggregated 13F filings for Q4 2025.