Murray Stahl's WEN Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 466,421 shares of The Wendy's Company (WEN) worth $4.27 M, representing 0.05% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in WEN, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2014, adding 4.78 M shares. Largest reduction occurred in Q3 2015, reducing 11.37 M shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl'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 Murray Stahl
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +29.14 M | Add 0.00% | 29.14 M | $5.83 |
| Q3 2013 | -1.36 M | Reduce 4.68% | 27.77 M | $8.48 |
| Q4 2013 | -1.37 M | Reduce 4.92% | 26.41 M | $8.72 |
| Q1 2014 | +4.78 M | Add 18.11% | 31.19 M | $9.12 |
| Q2 2014 | +672,369 | Add 2.16% | 31.86 M | $8.53 |
| Q3 2014 | -448,692 | Reduce 1.41% | 31.41 M | $8.26 |
| Q4 2014 | -974,081 | Reduce 3.10% | 30.44 M | $9.03 |
| Q1 2015 | -1.84 M | Reduce 6.04% | 28.6 M | $10.90 |
| Q2 2015 | -467,852 | Reduce 1.64% | 28.13 M | $11.28 |
| Q3 2015 | -11.37 M | Reduce 40.40% | 16.77 M | $8.65 |
| Q4 2015 | -1.34 M | Reduce 8.01% | 15.43 M | $10.77 |
| Q1 2016 | -1.9 M | Reduce 12.32% | 13.53 M | $10.89 |
| Q2 2016 | -573,237 | Reduce 4.24% | 12.95 M | $9.62 |
| Q3 2016 | -666,537 | Reduce 5.15% | 12.29 M | $10.80 |
| Q4 2016 | -2.86 M | Reduce 23.26% | 9.43 M | $13.52 |
| Q1 2017 | -1.26 M | Reduce 13.34% | 8.17 M | $13.61 |
| Q2 2017 | -805,192 | Reduce 9.85% | 7.37 M | $15.51 |
| Q3 2017 | -271,629 | Reduce 3.69% | 7.09 M | $15.53 |
| Q4 2017 | -744,924 | Reduce 10.50% | 6.35 M | $16.42 |
| Q1 2018 | -676,838 | Reduce 10.66% | 5.67 M | $17.55 |
| Q2 2018 | -800,582 | Reduce 14.11% | 4.87 M | $17.18 |
| Q3 2018 | -998,007 | Reduce 20.49% | 3.87 M | $17.14 |
| Q4 2018 | -438,303 | Reduce 11.32% | 3.44 M | $15.61 |
| Q1 2019 | +3.17 M | Add 0.00% | 3.17 M | $17.89 |
| Q2 2019 | -521,097 | Reduce 16.45% | 2.65 M | $19.58 |
| Q3 2019 | -80,487 | Reduce 3.04% | 2.57 M | $19.98 |
| Q4 2019 | -116,146 | Reduce 4.53% | 2.45 M | $22.21 |
| Q1 2020 | +239,510 | Add 9.77% | 2.69 M | $14.88 |
| Q2 2020 | -121,018 | Reduce 4.50% | 2.57 M | $21.78 |
| Q3 2020 | -191,673 | Reduce 7.46% | 2.38 M | $22.30 |
| Q4 2020 | -194,103 | Reduce 8.17% | 2.18 M | $21.92 |
| Q1 2021 | -222,310 | Reduce 10.18% | 1.96 M | $20.26 |
| Q2 2021 | -176,241 | Reduce 8.99% | 1.78 M | $23.42 |
| Q3 2021 | -51,030 | Reduce 2.86% | 1.73 M | $21.68 |
| Q4 2021 | -169,243 | Reduce 9.76% | 1.56 M | $23.85 |
| Q1 2022 | -93,757 | Reduce 5.99% | 1.47 M | $21.97 |
| Q2 2022 | -143,753 | Reduce 9.78% | 1.33 M | $18.88 |
| Q3 2022 | -43,971 | Reduce 3.31% | 1.28 M | $18.69 |
| Q4 2022 | -36,948 | Reduce 2.88% | 1.25 M | $22.63 |
| Q1 2023 | -29,746 | Reduce 2.39% | 1.22 M | $21.78 |
| Q2 2023 | -17,246 | Reduce 1.42% | 1.2 M | $21.75 |
| Q3 2023 | -30,715 | Reduce 2.56% | 1.17 M | $20.41 |
| Q4 2023 | -37,183 | Reduce 3.18% | 1.13 M | $19.48 |
| Q1 2024 | -65,605 | Reduce 5.80% | 1.07 M | $18.84 |
| Q2 2024 | -63,570 | Reduce 5.97% | 1 M | $16.96 |
| Q3 2024 | -154,316 | Reduce 15.40% | 847,516 | $17.52 |
| Q4 2024 | -64,895 | Reduce 7.66% | 782,621 | $16.30 |
| Q1 2025 | -20,447 | Reduce 2.61% | 762,174 | $14.63 |
| Q2 2025 | -62,832 | Reduce 8.24% | 699,342 | $11.42 |
| Q3 2025 | -232,921 | Reduce 33.31% | 466,421 | $9.16 |
Murray Stahl's The Wendy's Company Investment FAQs
Murray Stahl first purchased The Wendy's Company (WEN) in Q2 2013, acquiring 29,136,922 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held The Wendy's Company (WEN) for 50 quarters since Q2 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl's largest addition to The Wendy's Company (WEN) was in Q2 2013, adding 29,136,922 shares worth $169.87 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 466,421 shares of The Wendy's Company (WEN), valued at approximately $4.27 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 Murray Stahl'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.
Murray Stahl's peak holding in The Wendy's Company (WEN) was 31,863,115 shares, as reported at the end of Q2 2014. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.