Wendy's Co ownership update: AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of 3,113,100 shares of Common Stock, representing 1.64% of the class.
The filing is an amendment (Schedule 13G/A) signed 05/14/2026 and states shared voting and dispositive power over those 3,113,100 shares (no sole voting or dispositive power reported). The exhibit notes AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.
Positive
None.
Negative
None.
Insights
AQR reports a passive 1.64% stake via shared voting and disposition.
The Schedule 13G/A amendment lists 3,113,100 shares beneficially owned with shared voting and dispositive power as of the signature date 05/14/2026. The form classifies this as ownership of 5% or less.
Holder structure shows the reporting manager and its parent as joint filers; cash‑flow treatment and intent (passive vs active) are not detailed in the excerpt. Subsequent filings would show changes in position.
Key Figures
Beneficial ownership:3,113,100 sharesPercent of class:1.64%Signature date:05/14/2026+1 more
Schedule 13G/A, Beneficial ownership, Shared Dispositive Power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 1 ) WEN Schedule 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownershipfinancial
"Amount beneficially owned: 3,113,100"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 3,113,100.00"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Wendy's Co
(Name of Issuer)
Common Stock, $.10 par value
(Title of Class of Securities)
95058W100
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
95058W100
1
Names of Reporting Persons
AQR Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,113,100.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,113,100.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,113,100.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.64 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
95058W100
1
Names of Reporting Persons
AQR Capital Management Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,113,100.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,113,100.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,113,100.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.64 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Wendy's Co
(b)
Address of issuer's principal executive offices:
ONE DAVE THOMAS BLVD, DUBLIN, OHIO
43017
Item 2.
(a)
Name of person filing:
AQR Capital Management, LLC
AQR Capital Management Holdings, LLC
(b)
Address or principal business office or, if none, residence:
ONE GREENWICH PLAZA
SUITE 130
Greenwich, Connecticut
06830
(c)
Citizenship:
AQR Capital Management, LLC - UNITED STATES
AQR Capital Management Holdings, LLC - UNITED STATES
(d)
Title of class of securities:
Common Stock, $.10 par value
(e)
CUSIP No.:
95058W100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
3,113,100
(b)
Percent of class:
1.64 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
(ii) Shared power to vote or to direct the vote:
AQR Capital Management, LLC - 3,113,100
AQR Capital Management Holdings, LLC - 3,113,100
(iii) Sole power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 0
AQR Capital Management Holdings, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
AQR Capital Management, LLC - 3,113,100
AQR Capital Management Holdings, LLC - 3,113,100
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Item 2(a) above.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
AQR Capital Management, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
05/14/2026
AQR Capital Management Holdings, LLC
Signature:
Henry Parkin
Name/Title:
Authorized Signatory
Date:
05/14/2026
Exhibit Information
AQR Capital Management Holdings, LLC and AQR Capital Management, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.
AQR reports beneficial ownership of 3,113,100 shares, equal to 1.64% of outstanding Common Stock. This figure is disclosed in the Schedule 13G/A amendment signed on 05/14/2026.
Does AQR have sole voting control over Wendy's shares?
No. The filing shows 0 shares with sole voting power and 3,113,100 shares with shared voting power, indicating shared control rather than exclusive voting authority over those shares.
Is AQR filing as a parent or subsidiary in the Schedule 13G/A?
Both entities filed: AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. The exhibit states the LLC is a wholly owned subsidiary of the Holdings entity and the amendment is filed on behalf of both parties.
Does this filing indicate active trading or intent to influence Wendy's management?
The Schedule 13G/A classifies the position as ownership of 5% or less and reports shared powers; it does not state activist intent or planned transactions. No trading intent or control plans are disclosed in the provided excerpt.
