WEN ACQUISITION CORP WENN
COM CL A · Common Stock · CUSIP G9R39C103
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersOakland, CA
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.29. Options: 1 managers hold calls ($6.0k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 62 |
| Q4 2025 | 64 |
| Q1 2026 | 65 |
| Q2 2026 | 67 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2025 | 28 | 13 |
| Q1 2026 | 19 | 16 |
| Q2 2026 | 15 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $125.3k | $0 | 0.00 |
| Q4 2025 | $31.8k | $0 | 0.00 |
| Q1 2026 | $6.0k | $0 | 0.00 |
| Q2 2026 | $6.0k | $0 | 0.00 |
Biggest buyers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | New | +813.6k |
| MIZUHO SECURITIES USA LLC | New | +400.2k |
| GLAZER CAPITAL, LLC | Added | +261.1k |
| Parallax Volatility Advisers, L.P. | Added | +111.7k |
| Logan Stone Capital, LLC | New | +67.7k |
| Schonfeld Strategic Advisors LLC | Added | +58.2k |
| TORONTO DOMINION BANK | Added | +40.8k |
| PenderFund Capital Management Ltd. | Added | +37.9k |
| K2 PRINCIPAL FUND, L.P. | Added | +37.6k |
| CANTOR FITZGERALD, L. P. | Added | +25.0k |
Biggest sellers
| Meteora Capital, LLC | Reduced | -986.0k |
| Saba Capital Management, L.P. | Reduced | -350.0k |
| UBS Group AG | Reduced | -209.1k |
| Shaolin Capital Management LLC | Reduced | -137.7k |
| DLD Asset Management, LP | Reduced | -83.0k |
| Virtu Financial LLC | Sold out | -38.9k |
| Clear Street Group Inc. | Reduced | -15.4k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -7.9k |
| ABC ARBITRAGE SA | Reduced | -5.0k |
| Wealthspring Capital LLC | Reduced | -3.5k |
Biggest calls
| J. Goldman & Co LP | Unchanged | $6.0k17.5k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Wen Sponsor LLC 13G · exempt (held before listing) new · filed 2026-03-27 | 20.0% |
Fell to 5% or below in the last year: BARCLAYS PLC (0.1%, 2026-05-14), Harraden Circle Investments, LLC (0.0%, 2026-05-14)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Crossingbridge Advisors, LLC 2.69% of their portfolio | 1.5m $15.2m | Unchanged |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.4m $14.2m | Unchanged |
| MMCAP International Inc. SPC 1.05% of their portfolio | 1.2m $12.3m | Unchanged |
| LMR Partners LLP 0.09% of their portfolio | 1.2m $12.3m | Unchanged |
| Verition Fund Management LLC 0.09% of their portfolio | 1.2m $12.2m | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.15% of their portfolio | 1.1m $11.4m | Reduced -7.9k |
| Linden Advisors LP 0.06% of their portfolio | 1.1m $11.3m | Unchanged |
| GLAZER CAPITAL, LLC 0.25% of their portfolio | 986.1k $10.1m | Added +261.1k |
| Parallax Volatility Advisers, L.P. 0.36% of their portfolio | 940.6k $9.7m | Added +111.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 833.7k $8.6m | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.29% of their portfolio | 813.6k $8.4m | New |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.12% of their portfolio | 800.0k $8.2m | Unchanged |
| Magnetar Financial LLC 0.07% of their portfolio | 750.0k $7.7m | Unchanged |
| Radcliffe Capital Management, L.P. 0.58% of their portfolio | 742.0k $7.6m | Added +5.8k |
| Governors Lane LP 0.75% of their portfolio | 730.0k $7.5m | Unchanged |
| Saba Capital Management, L.P. 0.22% of their portfolio | 713.2k $7.3m | Reduced -350.0k |
| Westchester Capital Management, LLC 0.35% of their portfolio | 671.6k $6.9m | Unchanged |
| CSS LLC/IL 0.30% of their portfolio | 647.6k $6.7m | Unchanged |
| AQR Arbitrage LLC 0.09% of their portfolio | 643.2k $6.6m | Added +6.0k |
| WHITEBOX ADVISORS LLC 0.10% of their portfolio | 600.0k $6.2m | Unchanged |
| HGC Investment Management Inc. 1.12% of their portfolio | 550.0k $5.7m | Unchanged |
| First Trust Capital Management L.P. 0.32% of their portfolio | 538.5k $5.5m | Unchanged |
| Karpus Management, Inc. 0.15% of their portfolio | 518.5k $5.3m | Reduced -500 |
| Context Capital Management, LLC 0.10% of their portfolio | 483.5k $5.0m | Unchanged |
| Centiva Capital, LP 0.16% of their portfolio | 450.0k $4.6m | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.17% of their portfolio | 450.0k $4.6m | Unchanged |
| Wealthspring Capital LLC 1.01% of their portfolio | 440.5k $4.5m | Reduced -3.5k |
| MIZUHO SECURITIES USA LLC 0.04% of their portfolio | 400.2k $4.1m | New |
| Lineage Point Capital LP 0.71% of their portfolio | 337.9k $3.5m | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.05% of their portfolio | 319.9k $3.3m | Unchanged |
| Mint Tower Capital Management B.V. 0.35% of their portfolio | 286.6k $3.0m | Unchanged |
| Shaolin Capital Management LLC 0.15% of their portfolio | 262.3k $2.7m | Reduced -137.7k |
| BERKLEY W R CORP 0.13% of their portfolio | 259.9k $2.7m | Unchanged |
| DLD Asset Management, LP 0.21% of their portfolio | 250.3k $2.6m | Reduced -83.0k |
| Polar Asset Management Partners Inc. 0.05% of their portfolio | 250.0k $2.6m | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.06% of their portfolio | 250.0k $2.6m | Unchanged |
| Alberta Investment Management Corp 0.01% of their portfolio | 250.0k $2.6m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 250.0k $2.6m | Unchanged |
| Meteora Capital, LLC 0.20% of their portfolio | 239.6k $2.5m | Reduced -986.0k |
| Periscope Capital Inc. 0.38% of their portfolio | 235.0k $2.4m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 230.5k $2.4m | Added +40 |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 225.0k $2.3m | Added +58.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 221.2k $2.3m | Unchanged |
| Bulldog Investors, LLP 0.49% of their portfolio | 218.6k $2.2m | Unchanged |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 200.0k $2.1m | Unchanged |
| Ghisallo Capital Management LLC 0.04% of their portfolio | 200.0k $2.1m | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.13% of their portfolio | 137.6k $1.4m | Added +37.6k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 105.8k $1.1m | Added +40.8k |
| O'Connor Alternative Investments LLC 0.08% of their portfolio | 100.0k $1.0m | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 99.4k $1.0m | Unchanged |
| GRITSTONE ASSET MANAGEMENT LLC 0.98% of their portfolio | 98.9k $1.0m | Unchanged |
| Rangeley Capital, LLC 0.83% of their portfolio | 88.1k $897.3k | Added +3.1k |
| Clear Street Group Inc. 0.00% of their portfolio | 69.9k $718.8k | Reduced -15.4k |
| Logan Stone Capital, LLC 0.15% of their portfolio | 67.7k $697.1k | New |
| PenderFund Capital Management Ltd. 0.07% of their portfolio | 55.5k $570.9k | Added +37.9k |
| READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio | 55.1k $567.0k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 52.9k $544.7k | Added +4.2k |
| CANTOR FITZGERALD, L. P. 0.01% of their portfolio | 50.0k $514.5k | Added +25.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 39.9k $410.6k | Reduced -28 |
| J. Goldman & Co LP 0.01% of their portfolio | 35.0k $360.1k | Unchanged |
| ABC ARBITRAGE SA 0.04% of their portfolio | 35.0k $360.1k | Reduced -5.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 25.3k $260.1k | Unchanged |
| DELTEC ASSET MANAGEMENT LLC 0.04% of their portfolio | 25.0k $257.2k | Unchanged |
| FNY Investment Advisers, LLC 0.07% of their portfolio | 20.0k $205.0k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 19.2k $198.0k | Reduced -965 |
| UBS Group AG 0.00% of their portfolio | 9.7k $99.8k | Reduced -209.1k |
| MORGAN STANLEY 0.00% of their portfolio | 35 $360 | Reduced -27 |