The Wendy's Company (WEN) Ownership
WEN ownership summary
as of October 18, 2026- Institutions
- 86.2% of shares outstanding
- Insiders
- 9.15% of shares outstanding
- Shares outstanding
- 190.7M
- Float
- 157.1M shares available to trade
- Short interest
- 35.82% 48.7M shares short
- Days to cover
- 8.23 short interest down 0.2% vs prior month
- Institutions 86.21%
- Insiders 9.15%
- Other investors 4.64%
WEN top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | Trian Fund Management LP | 15.98% | 30.5M | $204.1M | +22,412 (+0.1%) | June 30, 2026 |
| 2 | BlackRock Inc | 13.80% | 26.3M | $176.3M | +4.6M (+21.1%) | June 30, 2026 |
| 3 | Vanguard Portfolio Management, LLC | 5.40% | 10.3M | $69.0M | +1.0M (+11.2%) | June 30, 2026 |
| 4 | Fairfax Financial Holdings Ltd | 4.20% | 8.0M | $53.6M | +4.7M (+144.9%) | June 30, 2026 |
| 5 | Charles Schwab Investment Management Inc | 3.95% | 7.5M | $50.4M | +1.0M (+15.8%) | June 30, 2026 |
| 6 | Vanguard Capital Management, LLC | 3.63% | 6.9M | $46.4M | +100,873 (+1.5%) | June 30, 2026 |
| 7 | Wells Fargo & Co | 3.51% | 6.7M | $44.8M | −228,752 (−3.3%) | June 30, 2026 |
| 8 | State Street Corp | 3.44% | 6.6M | $44.0M | +1.1M (+20.1%) | June 30, 2026 |
| 9 | Harris Associates L.P. | 2.93% | 5.6M | $37.4M | −342,664 (−5.8%) | June 30, 2026 |
| 10 | Geode Capital Management, LLC | 2.24% | 4.3M | $28.6M | +1.3M (+44.4%) | June 30, 2026 |
| 11 | Morgan Stanley - Brokerage Accounts | 2.10% | 4.0M | $26.8M | −3.6M (−47.4%) | June 30, 2026 |
| 12 | Northern Trust Corp | 1.85% | 3.5M | $23.6M | +746,138 (+26.9%) | June 30, 2026 |
| 13 | Dimensional Fund Advisors, Inc. | 1.84% | 3.5M | $23.4M | +22,562 (+0.6%) | June 30, 2026 |
| 14 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 1.30% | 2.5M | $16.6M | −1.3M (−34.0%) | June 30, 2026 |
| 15 | UBS Group AG | 1.25% | 2.4M | $16.0M | −284,541 (−10.6%) | June 30, 2026 |
| 16 | Bank of New York Mellon Corp | 1.20% | 2.3M | $15.3M | +121,686 (+5.6%) | June 30, 2026 |
| 17 | Point72 Asset Management, L.P. | 1.00% | 1.9M | $12.8M | +1.9M (+13,167.3%) | June 30, 2026 |
| 18 | Hotchkis & Wiley Capital Management LLC | 1.00% | 1.9M | $12.8M | +251,060 (+15.1%) | June 30, 2026 |
| 19 | The Goldman Sachs Group Inc | 0.98% | 1.9M | $12.5M | +702,543 (+60.2%) | June 30, 2026 |
| 20 | Amvescap Plc. | 0.89% | 1.7M | $11.4M | +77,188 (+4.7%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 15 holders added 17.7M shares and 5 cut 5.7M.
WEN top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Small-Cap ETF | 5.00% | 9.5M | $63.9M | +2,460 (+0.0%) | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 2.54% | 4.9M | $32.5M | — | August 31, 2026 |
| 3 | Schwab US Dividend Equity ETF™ | 2.35% | 4.5M | $30.0M | +12,328 (+0.3%) | September 30, 2026 |
| 4 | iShares Russell 2000 ETF | 2.20% | 4.2M | $28.2M | −48,448 (−1.1%) | September 30, 2026 |
| 5 | Vanguard Small Cap Index | 1.91% | 3.6M | $24.5M | +147,294 (+4.2%) | September 30, 2026 |
| 6 | Oakmark Equity And Income Investor | 1.78% | 3.4M | $22.8M | — | June 30, 2026 |
| 7 | Vanguard MStar Small Cap Value Index | 1.25% | 2.4M | $15.9M | +147,903 (+6.6%) | September 30, 2026 |
| 8 | Fidelity Small Cap Index | 0.94% | 1.8M | $11.9M | +11,779 (+0.7%) | July 31, 2026 |
| 9 | Schwab Fundamental U.S. Small CompanyETF | 0.92% | 1.8M | $11.8M | +2,499 (+0.1%) | September 30, 2026 |
| 10 | Janus Henderson Small/Md Cp Gr Alpha ETF | 0.78% | 1.5M | $10.0M | +3,209 (+0.2%) | September 30, 2026 |
| 11 | State Street SPDR Port S&P 600 Sm CpETF | 0.77% | 1.5M | $9.8M | — | September 30, 2026 |
| 12 | iShares Russell 2000 Growth ETF | 0.75% | 1.4M | $9.6M | −1,814 (−0.1%) | September 30, 2026 |
| 13 | iShares S&P Small-Cap 600 Value ETF | 0.71% | 1.4M | $9.1M | — | September 30, 2026 |
| 14 | Vanguard Tax-Managed Small Cap Adm | 0.67% | 1.3M | $8.6M | — | September 30, 2026 |
| 15 | First Eagle Small Cap Opportunity I | 0.65% | 1.2M | $8.3M | +253,394 (+25.9%) | September 30, 2026 |
| 16 | WisdomTree US SmallCap Dividend ETF | 0.54% | 1.0M | $6.8M | +12,911 (+1.3%) | September 30, 2026 |
| 17 | State Farm Growth | 0.53% | 1.0M | $6.7M | −17,200 (−1.7%) | June 30, 2026 |
| 18 | Vanguard Russell 2000 ETF | 0.50% | 945K | $6.3M | +10,738 (+1.1%) | September 30, 2026 |
| 19 | DFA US Small Cap I | 0.47% | 901K | $6.0M | — | August 31, 2026 |
| 20 | Schwab US Small-Cap ETF™ | 0.45% | 850K | $5.7M | +567 (+0.1%) | September 30, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
WEN insider transactions
latest 5| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2025-11-20 | Peter J Suerken Jr | Buy | $7.88 | 500 | $3,940 |
| 2025-11-19 | John Min | Buy | $8.18 | 1,700 | $13,906 |
| 2025-06-03 | Lindsay J Radkoski | Buy | $11.68 | 5,050 | $58,984 |
| 2025-05-21 | Matthew Coley O'brien | Buy | $11.60 | 1,750 | $20,300 |
| 2025-05-05 | Abigail E Pringle | Sell | $12.81 | 136,819 | $1.8M |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
WEN shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns WEN
Institutional investors own 86.2% of Wendy's's shares and insiders 9.15%. The largest holder is Trian Fund Management LP with 15.98% of the shares (30.5M), as of June 30, 2026. Among the top 20 institutions, 15 added shares and 5 reduced their stake in the latest filings. Short interest is 35.82% of the float, or 8.23 days of average trading volume. The share count fell 48.6% since 2014.
Related: WEN analyst forecast, WEN key metrics, WEN dividend history. See the WEN stock overview for the latest quote and news.
WEN ownership FAQ
Who owns the most Wendy's stock?
The largest shareholders of Wendy's are Trian Fund Management LP (15.98%), BlackRock Inc (13.80%), Vanguard Portfolio Management, LLC (5.40%), Fairfax Financial Holdings Ltd (4.20%), Charles Schwab Investment Management Inc (3.95%).
What percentage of Wendy's is owned by institutions?
Institutions hold 86.2% of Wendy's's shares outstanding; insiders hold 9.15%.
Which funds own Wendy's?
The largest fund holders of Wendy's are iShares Core S&P Small-Cap ETF (5.00%), Vanguard MStar Total Stk Mkt Idx Invest (2.54%), Schwab US Dividend Equity ETF™ (2.35%), iShares Russell 2000 ETF (2.20%), Vanguard Small Cap Index (1.91%).
What is Wendy's's short interest?
48.7M shares of Wendy's were sold short, 35.82% of the float; at the average daily volume it would take 8.23 days to cover.
Are insiders buying or selling Wendy's?
Of the latest 5 reported insider transactions in Wendy's (since May 5, 2025), 4 were purchases and 1 were sales.
How many shares of Wendy's are outstanding?
Wendy's has 190.7M shares outstanding, of which 157.1M are in the public float.