Who Owns Wendy's?
Updated onExplore the ownership hierarchy of Wendy's. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Wendy's
Wendy's is a U.S.-based global fast-food restaurant chain and brand, operated by The Wendy's Company, best known for its square hamburgers, fresh never-frozen beef, and Frosty desserts.
The Wendy's Company
Investor relations site of The Wendy's Company, the publicly traded fast-food corporation that owns and franchises Wendy's restaurants worldwide.
Wendy's
Wendy's is a U.S.-based global fast-food restaurant chain and brand, operated by The Wendy's Company, best known for its square hamburgers, fresh never-frozen beef, and Frosty desserts.
The Wendy's Company
Investor relations site of The Wendy's Company, the publicly traded fast-food corporation that owns and franchises Wendy's restaurants worldwide.
Major Shareholders
Wendy's
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Nelson Peltz Chairman of The Wendy’s Company and founding partner of Trian Fund Management; Schedule 13D/A filed July 8, 2025 reports beneficial ownership of 30,904,107 shares (16.09%) based on 192,025,248 shares outstanding. | Individual | 16.1% | 16.1% | Jul 2025 |
Peter W. May Senior Vice Chairman of The Wendy’s Company and Trian co‑founder; the same Schedule 13D/A shows beneficial ownership of 30,697,418 shares (15.99%). | Individual | 16.0% | 16.0% | Jul 2025 |
BlackRock, Inc. Large asset manager; Schedule 13G for period ended September 30, 2025 reports beneficial ownership of about 23.1 million WEN shares (12.1%). | Institutional | 12.1% | 12.1% | Sep 2025 |
The Vanguard Group, Inc. Index fund and ETF provider; Schedule 13G for period ended September 30, 2025 indicates ownership of roughly 18.6 million shares (9.75%). | Institutional | 9.8% | 9.8% | Sep 2025 |
Trian Fund Management, L.P. Activist hedge fund managing the Trian vehicles invested in Wendy’s; the July 8, 2025 Schedule 13D attributes 14,943,466 shares (7.78%) of beneficial ownership to this entity, which overlaps with the Peltz/May group holdings. | Institutional | 7.8% | 7.8% | Jul 2025 |
Harris Associates L.P. Value‑oriented investment manager; a Schedule 13G for period ended June 30, 2025 discloses beneficial ownership of 11,076,295 shares (5.8%). | Institutional | 5.8% | 5.8% | Jun 2025 |
AQR Capital Management LLC Quantitative investment manager; an amended Schedule 13G for period ended September 30, 2025 shows 8,478,244 shares, or about 4.45% of the company. | Institutional | 4.5% | 4.5% | Sep 2025 |
Charles Schwab Investment Management, Inc. Asset‑management arm of Charles Schwab; listed among top institutional holders on Yahoo Finance with roughly 3.6% of WEN as of September 30, 2025. | Institutional | 3.6% | 3.6% | Sep 2025 |
Morgan Stanley Global financial services firm; reported as a major institutional shareholder with about 3.25% of outstanding shares as of September 30, 2025. | Institutional | 3.3% | 3.3% | Sep 2025 |
State Street Corporation Custody bank and asset manager; identified as holding approximately 2.8% of Wendy’s shares as of September 30, 2025. | Institutional | 2.8% | 2.8% | Sep 2025 |
Arrowstreet Capital, Limited Partnership Quant‑driven institutional manager; shown in Yahoo Finance’s top institutional holders list with about 2.25% ownership as of September 30, 2025. | Institutional | 2.3% | 2.3% | Sep 2025 |
Dimensional Fund Advisors LP Factor‑based asset manager; also reported among top institutional owners with roughly 2.25% of shares outstanding as of September 30, 2025. | Institutional | 2.3% | 2.3% | Sep 2025 |
The Wendy's Company
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Trian Fund Management, L.P. and affiliated investment vehicles (led by Nelson Peltz and Peter W. May) Activist investment group that is the largest shareholder in The Wendy’s Company. Amendment No. 63 to Schedule 13D filed July 8, 2025 reports Nelson Peltz as beneficially owning 30,904,107 shares, or 16.09% of outstanding common stock, with similar figures for Peter W. May and Trian entities under a coordinated group filing. | Institutional | 16.1% | Jul 2025 |
BlackRock, Inc. Global asset manager; Schedule 13G/A filed October 17, 2025 discloses beneficial ownership of 23,098,336 shares of The Wendy’s Company, representing 12.10% of the company’s outstanding common stock. | Institutional | 12.1% | Oct 2025 |
The Vanguard Group, Inc. Index fund manager; Schedule 13G/A (event date September 30, 2025, filed October 31, 2025) reports beneficial ownership of 18,589,808 shares, or 9.75% of The Wendy’s Company. | Institutional | 9.8% | Sep 2025 |
Harris Associates L.P. (and Harris Associates, Inc.) Value-oriented investment manager; Schedule 13G filed August 19, 2025 (event date June 30, 2025) shows Harris Associates L.P. and Harris Associates, Inc. beneficially owning 11,076,295 shares, representing 5.8% of The Wendy’s Company’s common stock. | Institutional | 5.8% | Jun 2025 |
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC Quantitative investment adviser; Schedule 13G/A filed November 14, 2025 (event date September 30, 2025) reports beneficial ownership of 8,478,244 shares, or 4.45% of the outstanding common stock. Included here as a large but sub‑5% holder. | Institutional | 4.5% | Sep 2025 |
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