WEN
The Wendy's Company · Consumer Cyclical · Restaurants
Momentum inputs (comparable managers):
holder breadth -14.3% ·
share flow +11.8% ·
net new positions -16.7%
· formula
Concentrated accumulation: rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q1 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 123.39K | $767,540 | n/a | −1 |
| Q2 2026 | 110 | -3 | 151.22M | $1.25B | +7 | −12 |
| Q1 2026 | 118 | 0 | 164.34M | $1.14B | +7 | −7 |
| Q4 2025 | 117 | +1 | 174.75M | $1.46B | +1 | n/a |
| Q3 2025 | 20 | +3 | 125.45M | $1.15B | +3 | −1 |
| Q2 2025 | 15 | 0 | 124.76M | $1.42B | n/a | n/a |
| Q1 2025 | 12 | -2 | 75.37M | $1.10B | n/a | −2 |
| Q4 2024 | 14 | -1 | 67.41M | $1.10B | +1 | −2 |
| Q3 2024 | 14 | +2 | 68.33M | $1.20B | +2 | n/a |
| Q2 2024 | 12 | n/a | 59.28M | $1.01B | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Trian Fund Management ✦ | 30.42M | -0.3% | $445.10M | 11.9% | ▼ Trim | 4 | SEC ↗ ×2 |
| 2 | AQR Capital Management ✦ | 10.64M | +2.1% | $155.00M | 0.2% | ▲ Add | 4 | SEC ↗ ×5 |
| 3 | Harris Associates (Oakmark) ✦ | 9.75M | +5.4% | $142.66M | 0.2% | ▲ Add | 4 | SEC ↗ |
| 4 | Point72 Asset Management ✦ | 6.01M | +103.0% | $87.91M | 0.3% | ▲ Add | 4 | SEC ↗ |
| 5 | State Street Global Advisors ✦ (passive) | 5.67M | +3.8% | $82.92M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 6 | Millennium Management ✦ | 3.82M | +85.0% | $55.94M | 0.1% | ▲ Add | 4 | SEC ↗ |
| 7 | Geode Capital Management ✦ (passive) | 3.33M | +7.3% | $48.77M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
| 8 | Arrowstreet Capital ✦ | 3.13M | +155.4% | $45.73M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 9 | Norges Bank ✦ (passive) | 1.87M | +606.7% | $27.39M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 10 | Gotham Asset Management ✦ | 315.71K | -9.1% | $4.62M | 0.0% | ▼ Trim | 4 | SEC ↗ |
| 11 | Citadel Advisors ✦ | 259.69K | -61.6% | $3.80M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 12 | T. Rowe Price ✦ | 146.47K | +12.4% | $2.14M | 0.0% | ▲ Add | 4 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Two Sigma Investments | $15.05M | was 0.0% |
| Renaissance Technologies | $885,938 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 405 holders, 191.38M shares, $1.32B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.