$WEN

$6.19 -$0.03 (0.48%) Close

$WEN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 190.7M shares outstanding

Who owns WEN?

By type of holder

Institutions 93.3% Insiders 6.7% Everyone else 0.0%

Concentration Top 10 holders own 89.2%

Nelson Peltz 16.2% · Peter W. May 16.1%

Institutional ownership

93.3%

-6.7 pts vs last qtr

Institutional holders

400

-10 vs last qtr

Net shares bought

−13.9M

by institutions in Q2 2026

New / sold out

78 / 88

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Fairfax Financial Holdings LTD/ Can +4.7M
BlackRock, Inc. +4.6M

Biggest sellers in Q2 2026

Arrowstreet Capital, Limited Partnership SOLD OUT −4.0M
Morgan Stanley −3.6M

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Wendy's Co in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2014–FY2025

−48.4%

−7.09% a year

Each share's claim on the business

+93.9%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$2.81B vs $211M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years75% 3–5 years4% 1–3 years6% Under 1 year14%

Quarterly turnover

18.4%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting WEN on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
TF Trian Fund Management, L.P. 13D · 7.9%	30.5M	15.98%	+22.4K (+0.1%)	≤2021	6.0%
Shares held by quarter Peak holding30.5M (Q4'24) Change over 8 quarters−44.2K Share of the company15.980% Disclosed stake13D · 7.9% Trian Fund Management, L.P.'s full portfolio →
B BlackRock, Inc.	26.3M	13.80%	+4.6M (+21.1%)	≤2021	0.0%
Shares held by quarter Peak holding26.3M (Q2'26) Change over 8 quarters+6.6M Share of the company13.800% BlackRock, Inc.'s full portfolio →

Trian Fund Management, L.P.

13D · 7.9%

30.5M

% of company

15.98%

Change vs last qtr

+22.4K (+0.1%)

Held since

≤2021

BlackRock, Inc.

26.3M

% of company

13.80%

Change vs last qtr

+4.6M (+21.1%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Wendy's Co, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting WEN on Form N-PORT; together they hold 36.8% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$79M	9.5M	5.00%	0.07%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$40.2M	4.9M	2.54%	0.00%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$79M

% of company

5.00%

% of the fund

0.07%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$40.2M

% of company

2.54%

% of the fund

0.00%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Wendy's Co and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
NP Nelson Peltz 5%+ holder 13D · 16.2%	30.9M	16.21%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company16.210% Disclosed stake13D · 16.2% View the 13D/G filing →
PW Peter W. May 5%+ holder 13D · 16.1%	30.7M	16.10%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company16.100% Disclosed stake13D · 16.1% View the 13D/G filing →

Nelson Peltz

5%+ holder13D · 16.2%

30.9M

% of company

16.21%

Change vs last qtr

—

Held since

—

Peter W. May

5%+ holder13D · 16.1%

30.7M

% of company

16.10%

Change vs last qtr

—

Held since

—

29 more holders behind a free account

See every insider and 5%+ holder of Wendy's Co.

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