According to the latest filing by the U.S. Securities and Exchange Commission (SEC), AQR Capital Management has made significant changes to its holdings in Wendy's.

As of March 31, 2026, the well-known quantitative investment firm’s passive equity stake in Wendy’s had dropped to 1.64%. This shows a substantial decrease compared to the 6.15% holding reported as of December 31, 2025.The clear reduction in shareholding reflects AQR Capital Management’s adjustment of its investment position in Wendy’s. As an institution known for its systematic, research-driven investment approach, its position changes are often closely watched by the market. This reported equity is specifically labeled as a “passive” investment, indicating that AQR is not seeking to influence or control the company’s operations.The change in shareholding was filed with the SEC through a 13G form, which is generally used to disclose passive stakes exceeding 5%. The reduction from 6.15% to 1.64% means the holding has fallen below the important 5% reporting threshold.