WEN β€” THE WENDYS CO

Ownership history in DARK FOREST CAPITAL MANAGEMENT LP  Β·  9 quarters on record

This page tracks every 13F SEC filing in which DARK FOREST CAPITAL MANAGEMENT LP reported a position in THE WENDYS CO (WEN). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
0.2% (2025 Q4)
πŸ“Š Avg. % of fund
0.04%
πŸ“… First filed
2021 Q2
πŸ“… Last filed
2025 Q4
⏱ Quarters held
9

Position Intelligence

DARK FOREST CAPITAL MANAGEMENT LP Γ— WEN AI Analytics

πŸ“‰ DARK FOREST CAPITAL MANAGEMENT LP underperformed the S&P 500 by –78.0% annually on this WEN position. Timing score: 14% (1/7 decisions correct). Average cost basis: $8.70. Maximum drawdown during holding period: –56.6%.

πŸ“ˆ Position Alpha vs SPY
-78.0%
annualised excess return

❌ Significantly underperformed the S&P 500 by 78.0% ann.
7 quarters analyzed

⏱️ Timing Score
14%

⚠️ Poor timing β€” buys often preceded drops, trims preceded rallies.
1 of 7 add/trim decisions correct

πŸ’° Entry Quality
$8.70
-6.0% vs current ($8.18)

Best entry: $8.18 (2025 Q4)  Β·  Worst: $18.84 (2021 Q2)

πŸ›‘οΈ Drawdown Resilience
–56.6%
max drawdown while held

πŸ’ͺ Held through 1 major drawdown (>20%). Strong conviction under pressure.

πŸ’ͺ Fund Conviction
100%
buy-side decisions

8 adds Β· 0 trims. Bought during 6 of 7 down-price quarters. πŸ‚ Consistently bullish β€” fund kept accumulating this position.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 0.2% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    WEN price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 9 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 ADDED 536,103 +493,715 +1164.8% 0.20% $4.5M $8.18
2025 Q3 UNCHANGED 42,388 β€” 0% 0.02% $484K $8.84
2025 Q2 ADDED 42,388 +12,553 +42.1% 0.02% $484K $10.88
2025 Q1 ADDED 29,835 +11,888 +66.2% 0.02% $436K $13.77
2024 Q4 ADDED 17,947 +1,078 +6.4% 0.04% $293K $15.09
2023 Q3 ADDED 16,869 +3,754 +28.6% 0.03% $344K $17.62
2023 Q2 ADDED 13,115 +9,408 +253.8% 0.03% $285K $18.54
2023 Q1 ADDED 3,707 +3,511 +1791.3% 0.02% $81K $18.36
2021 Q2 INITIATED 196 β€” β€” 0.00% $5K $18.84

🏒 Other funds also holding WEN

As of 2025 Q4 β€” sorted by position size

Semanteon Capital Management, LP 13.52% TRIAN FUND MANAGEMENT, L.P. 3Y 7Y 6.36% Soviero Asset Management, LP 3Y 1.28% Soviero Asset Management, LP 3Y 1.2% Cannon Global Investment Management, LLC 3Y 1.02% Quinn Opportunity Partners LLC 3Y 7Y 0.52% Bridgefront Capital, LLC 3Y 0.46% Sound Income Strategies, LLC 3Y 7Y 0.3% Crawford Fund Management, LLC 0.25% Oak Thistle LLC 3Y 0.16%
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