Wendy's Co: which funds bought and sold

Institutions that bought and sold Wendy's shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 203 institutions that filed 13F reports for both quarters added to or opened positions in Wendy's, and 216 cut or closed them. Together they sold a net 12.9M shares, −6.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 15.1M shares (−23.2%); index fund managers were net buyers of 10.0M shares (+17.4%). 73 opened a new position and 78 sold out entirely.

Bought, Q2 2026 203 institutions, 73 of them new holders Sold, Q2 2026 216 institutions, 78 of them sold out

Net change, all compared −12.9M shares (−6.7%)

Net change, active managers −15.1M shares (−23.2%), 21 bought, 27 sold

Buyers versus sellers

institutions compared, 474

203 bought 55 216 sold

Active managers and hedge funds 21 bought · 27 sold · −15.1M

Index fund managers 10 bought · 1 sold · +10.0M

Other institutions 172 bought · 188 sold · −7.7M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Fairfax Financial Holdings Ltd/ Can	+4.7M +144.9%	8.0M	$66.3M
Blackrock, Inc. Index funds	+4.6M +21.1%	26.3M	$218M
Point72 Asset Management, L.P. Hedge fund	+1.9M +13167.3%	1.9M	$15.9M
Geode Capital Management, LLC Index funds	+1.3M +44.4%	4.3M	$35.4M
Peak6 LLC	+1.1M +306.6%	1.5M	$12.2M
State Street Corp Index funds	+1.1M +20.1%	6.6M	$54.4M
Vanguard Portfolio Management LLC Index funds	+1.0M +11.2%	10.3M	$85.4M
Charles Schwab Investment Management Inc Index funds	+1.0M +15.8%	7.5M	$62.4M
Element Capital Management LLC Hedge fund	+900K New position	900K	$7.5M
Northern Trust Corp Index funds	+746K +26.9%	3.5M	$29.2M
First Eagle Investment Management, LLC Active manager	+706K New position	706K	$5.9M
Goldman Sachs Group Inc	+703K +60.2%	1.9M	$15.5M
Converium Capital Inc.	+500K New position	500K	$4.1M
Gotham Asset Management, LLC Hedge fund	+434K +47.4%	1.4M	$11.2M
Caitong International Asset Management Co., Ltd	+359K +4834.1%	366K	$3M
Advisors Asset Management, Inc.	+329K +37.7%	1.2M	$10M
Exoduspoint Capital Management, LP Hedge fund	+278K +407.4%	347K	$2.9M
Walleye Trading LLC	+264K +355.2%	338K	$2.8M
Hotchkis & Wiley Capital Management LLC Active manager	+251K +15.1%	1.9M	$15.9M
Xtx Topco Ltd	+250K New position	250K	$2.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Point72 Asset Management, L.P. Hedge fund	+1.9M +13167.3%	1.9M	$15.9M
Element Capital Management LLC Hedge fund	+900K New position	900K	$7.5M
First Eagle Investment Management, LLC Active manager	+706K New position	706K	$5.9M
Gotham Asset Management, LLC Hedge fund	+434K +47.4%	1.4M	$11.2M
Exoduspoint Capital Management, LP Hedge fund	+278K +407.4%	347K	$2.9M
Hotchkis & Wiley Capital Management LLC Active manager	+251K +15.1%	1.9M	$15.9M
Centerbook Partners LP Hedge fund	+213K New position	213K	$1.8M
Sculptor Capital LP Hedge fund	+200K New position	200K	$1.7M
Alliancebernstein L.P. Active manager	+195K +114.7%	365K	$2.5M
Winton Group Ltd Hedge fund	+96K +48.8%	292K	$2.4M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Arrowstreet Capital, Limited Partnership Hedge fund	−4.0M Sold out	0	—
Morgan Stanley	−3.6M −47.4%	4.0M	$33.1M
Millennium Management LLC Hedge fund	−3.4M Sold out	0	—
Bank Of America Corp	−3.2M −71.9%	1.3M	$10.5M
Two Sigma Investments, LP Hedge fund	−2.4M −63.8%	1.4M	$11.3M
Renaissance Technologies LLC Hedge fund	−2.2M −92.1%	186K	$1.5M
FMR LLC Active manager	−2.1M −94.1%	133K	$1.1M
Citadel Advisors LLC Hedge fund	−2.0M −99.4%	12K	$97,184
Jane Street Group, LLC	−1.7M −98.5%	26K	$218,417
AQR Capital Management LLC Hedge fund	−1.6M −52.3%	1.5M	$12.1M
Oasis Management Co Ltd.	−1.5M Sold out	0	—
Healthcare Of Ontario Pension Plan Trust Fund	−1.3M −34.0%	2.5M	$20.5M
Focus Partners Wealth	−1.0M −97.1%	30K	$250,873
Quinn Opportunity Partners LLC	−1.0M −63.1%	586K	$4.9M
Schonfeld Strategic Advisors LLC Hedge fund	−469K −77.5%	137K	$1.1M
Marshall Wace, LLP Hedge fund	−446K −33.2%	898K	$7.4M
Landscape Capital Management, L.L.C.	−420K −91.9%	37K	$306,075
Caption Management, LLC	−402K Sold out	0	—
Connor, Clark & Lunn Investment Management Ltd.	−350K −17.4%	1.7M	$13.8M
Engineers Gate Manager LP Hedge fund	−348K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Arrowstreet Capital, Limited Partnership Hedge fund	−4.0M Sold out	0	—
Millennium Management LLC Hedge fund	−3.4M Sold out	0	—
Two Sigma Investments, LP Hedge fund	−2.4M −63.8%	1.4M	$11.3M
Renaissance Technologies LLC Hedge fund	−2.2M −92.1%	186K	$1.5M
FMR LLC Active manager	−2.1M −94.1%	133K	$1.1M
Citadel Advisors LLC Hedge fund	−2.0M −99.4%	12K	$97,184
AQR Capital Management LLC Hedge fund	−1.6M −52.3%	1.5M	$12.1M
Schonfeld Strategic Advisors LLC Hedge fund	−469K −77.5%	137K	$1.1M
Marshall Wace, LLP Hedge fund	−446K −33.2%	898K	$7.4M
Engineers Gate Manager LP Hedge fund	−348K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Element Capital Management LLCHedge fund	900K	$7.5M
First Eagle Investment Management, LLCActive manager	706K	$5.9M
Converium Capital Inc.	500K	$4.1M
Xtx Topco Ltd	250K	$2.1M
Centerbook Partners LPHedge fund	213K	$1.8M
Sculptor Capital LPHedge fund	200K	$1.7M
Exchange Traded Concepts, LLC	111K	$918,524
Mirae Asset Global Etfs Holdings Ltd.	75K	$618,136
Mariner, LLC	67K	$558,804
T3 Companies, LLC	66K	$547,140

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Arrowstreet Capital, Limited PartnershipHedge fund	4.0M	$28.1M
Millennium Management LLCHedge fund	3.4M	$23.6M
Oasis Management Co Ltd.	1.5M	$10.5M
Caption Management, LLC	402K	$2.8M
Engineers Gate Manager LPHedge fund	348K	$2.4M
Imc-Chicago, LLC	256K	$1.8M
Bridgefront Capital, LLC	221K	$1.5M
Kingsview Wealth Management, LLC	148K	$1M
Centiva Capital, LPHedge fund	115K	$796,394
Graham Capital Management, L.P.Hedge fund	106K	$733,934

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 400
Ten largest holders: 62.8%
Index fund managers: 37.4%
Active managers and hedge funds: 27.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	21	27	7	12	−15.1M	−23.2%
Index fund managers	10	1	1	0	+10.0M	+17.4%
Other institutions	172	188	65	66	−7.7M	−11.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Wendy's.

Only managers that filed a holdings report for both quarters are compared (474 here). 11 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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