Cliff Asness's WEN Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 8.48 M shares of The Wendy's Company (WEN) worth $77.19 M, representing 0.05% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in WEN, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2024, adding 4.31 M shares. Largest reduction occurred in Q3 2025, reducing 5.37 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The Wendy's Company (WEN) Holding Value Over Time
Track share changes against reported price movement
Quarterly The Wendy's Company (WEN) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +247,901 | Add 0.00% | 247,900 | $4.70 |
| Q2 2013 | +216,001 | Add 0.00% | 216,000 | $5.83 |
| Q3 2013 | -107,600 | Reduce 49.81% | 108,400 | $8.48 |
| Q4 2013 | +61,900 | Add 57.10% | 170,300 | $8.72 |
| Q1 2014 | -170,300 | Sold Out | 170,300 | $0.00 |
| Q2 2014 | +163,700 | New Buy | 163,700 | $8.53 |
| Q3 2014 | -163,700 | Sold Out | 163,700 | $0.00 |
| Q4 2015 | +633,427 | New Buy | 633,427 | $10.77 |
| Q1 2016 | -633,427 | Sold Out | 633,427 | $0.00 |
| Q1 2019 | +43,509 | New Buy | 43,509 | $17.88 |
| Q2 2019 | +38,489 | Add 88.46% | 81,998 | $19.59 |
| Q3 2019 | +129,223 | Add 157.59% | 211,221 | $19.98 |
| Q4 2019 | +150,964 | Add 71.47% | 362,185 | $22.21 |
| Q1 2020 | -150,298 | Reduce 41.50% | 211,887 | $14.88 |
| Q2 2020 | +156,102 | Add 73.67% | 367,989 | $21.78 |
| Q3 2020 | +514,435 | Add 139.80% | 882,424 | $22.30 |
| Q4 2020 | -255,031 | Reduce 28.90% | 627,393 | $21.92 |
| Q1 2021 | +719,291 | Add 114.65% | 1.35 M | $20.26 |
| Q2 2021 | -364,149 | Reduce 27.04% | 982,535 | $22.98 |
| Q3 2021 | +21,384 | Add 2.18% | 1 M | $21.68 |
| Q4 2021 | -89,132 | Reduce 8.88% | 914,787 | $23.85 |
| Q1 2022 | -327,926 | Reduce 35.85% | 586,861 | $21.97 |
| Q2 2022 | -325,940 | Reduce 55.54% | 260,921 | $18.69 |
| Q3 2022 | -141,147 | Reduce 54.10% | 119,774 | $18.69 |
| Q4 2022 | -19,831 | Reduce 16.56% | 99,943 | $22.63 |
| Q1 2023 | +169,289 | Add 169.39% | 269,232 | $21.57 |
| Q2 2023 | +165,870 | Add 61.61% | 435,102 | $21.68 |
| Q3 2023 | +842,856 | Add 193.71% | 1.28 M | $20.41 |
| Q4 2023 | +2.14 M | Add 167.64% | 3.42 M | $19.48 |
| Q1 2024 | +432,950 | Add 12.66% | 3.85 M | $18.84 |
| Q2 2024 | +2.96 M | Add 76.83% | 6.81 M | $16.96 |
| Q3 2024 | +4.31 M | Add 63.20% | 11.12 M | $17.52 |
| Q4 2024 | -699,024 | Reduce 6.29% | 10.42 M | $16.30 |
| Q1 2025 | +217,055 | Add 2.08% | 10.64 M | $14.57 |
| Q2 2025 | +3.21 M | Add 30.13% | 13.84 M | $11.42 |
| Q3 2025 | -5.37 M | Reduce 38.76% | 8.48 M | $9.10 |
Cliff Asness's The Wendy's Company Investment FAQs
Cliff Asness first purchased The Wendy's Company (WEN) in Q4 2012, acquiring 247,900 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held The Wendy's Company (WEN) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to The Wendy's Company (WEN) was in Q3 2024, adding 11,120,138 shares worth $194.82 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 8,478,244 shares of The Wendy's Company (WEN), valued at approximately $77.19 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, The Wendy's Company (WEN) represents approximately 0.05% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in The Wendy's Company (WEN) was 13,843,438 shares, as reported at the end of Q2 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.