Vault-13

WEN ACQUISITION CORP WENN

COM CL A · Common Stock · CUSIP G9R39C103

67 institutional holders +2 vs Q1 2026
28,036,01228.0m shares reported held*
$288.5mreported value*
3 new 12 added 13 reduced 1 sold out net bought ≈ $359.2k (+34.9k shares)

* 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

0255075Q3 25: 62Q4 25: 64Q1 26: 65Q2 26: 6767Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q3 202562
Q4 202564
Q1 202665
Q2 202667

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 25: 28 bought or addedQ4 25: 13 cut or sold outQ4 25Q1 26: 19 bought or addedQ1 26: 16 cut or sold outQ1 26Q2 26: 15 bought or addedQ2 26: 14 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q4 20252813
Q1 20261916
Q2 20261514

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50k$100k$150kQ3 25 calls: $125.3kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $31.8kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $6.0kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $6.0kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$125.3k$00.00
Q4 2025$31.8k$00.00
Q1 2026$6.0k$00.00
Q2 2026$6.0k$00.00

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +813,601+813.6k
MIZUHO SECURITIES USA LLC New +400,186+400.2k
GLAZER CAPITAL, LLC Added +261,079+261.1k
Parallax Volatility Advisers, L.P. Added +111,690+111.7k
Logan Stone Capital, LLC New +67,744+67.7k
Schonfeld Strategic Advisors LLC Added +58,207+58.2k
TORONTO DOMINION BANK Added +40,784+40.8k
PenderFund Capital Management Ltd. Added +37,880+37.9k
K2 PRINCIPAL FUND, L.P. Added +37,623+37.6k
CANTOR FITZGERALD, L. P. Added +25,000+25.0k

Biggest sellers

Meteora Capital, LLC Reduced -986,027-986.0k
Saba Capital Management, L.P. Reduced -350,000-350.0k
UBS Group AG Reduced -209,071-209.1k
Shaolin Capital Management LLC Reduced -137,652-137.7k
DLD Asset Management, LP Reduced -83,000-83.0k
Virtu Financial LLC Sold out -38,932-38.9k
Clear Street Group Inc. Reduced -15,448-15.4k
WOLVERINE ASSET MANAGEMENT LLC Reduced -7,867-7.9k
ABC ARBITRAGE SA Reduced -5,000-5.0k
Wealthspring Capital LLC Reduced -3,500-3.5k

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.

HolderStakeChangeShares Last filed
Wen Sponsor LLC 13G · exempt (held before listing) new · filed 2026-03-27 20.0% new 7.5m≈ $77.2m 2026-03-27

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Crossingbridge Advisors, LLC 2.69% of their portfolio PLEASANTVILLE, NY 1,475,6941.5m $15.2m $15.2m 2.69% Unchanged
2 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,384,3421.4m $14.2m $14.2m 0.01% Unchanged
3 MMCAP International Inc. SPC 1.05% of their portfolio GRAND CAYMAN, E9 1,200,0001.2m $12.3m $12.3m 1.05% Unchanged
4 LMR Partners LLP 0.09% of their portfolio LONDON, X0 1,200,0001.2m $12.3m $12.3m 0.09% Unchanged
5 Verition Fund Management LLC 0.09% of their portfolio GREENWICH, CT 1,189,7591.2m $12.2m $12.2m 0.09% Unchanged
6 WOLVERINE ASSET MANAGEMENT LLC 0.15% of their portfolio CHICAGO, IL 1,106,4661.1m $11.4m $11.4m 0.15% Reduced -7.9k -7,867
7 Linden Advisors LP 0.06% of their portfolio New York, NY 1,100,0001.1m $11.3m $11.3m 0.06% Unchanged
8 GLAZER CAPITAL, LLC 0.25% of their portfolio New York, NY 986,079986.1k $10.1m $10.1m 0.25% Added +261.1k +261,079
9 Parallax Volatility Advisers, L.P. 0.36% of their portfolio San Francisco, CA 940,587940.6k $9.7m $9.7m 0.36% Added +111.7k +111,690
10 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 833,694833.7k $8.6m $8.6m 0.01% Unchanged
11 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.29% of their portfolio NEW YORK, NY 813,601813.6k $8.4m $8.4m 0.29% New
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.12% of their portfolio NEW YORK, NY 800,000800.0k $8.2m $8.2m 0.12% Unchanged
13 Magnetar Financial LLC 0.07% of their portfolio EVANSTON, IL 750,000750.0k $7.7m $7.7m 0.07% Unchanged
14 Radcliffe Capital Management, L.P. 0.58% of their portfolio BALA CYNWYD, PA 742,039742.0k $7.6m $7.6m 0.58% Added +5.8k +5,800
15 Governors Lane LP 0.75% of their portfolio NEW YORK, NY 730,000730.0k $7.5m $7.5m 0.75% Unchanged
16 Saba Capital Management, L.P. 0.22% of their portfolio NEW YORK, NY 713,222713.2k $7.3m $7.3m 0.22% Reduced -350.0k -350,000
17 Westchester Capital Management, LLC 0.35% of their portfolio VALHALLA, NY 671,583671.6k $6.9m $6.9m 0.35% Unchanged
18 CSS LLC/IL 0.30% of their portfolio CHICAGO, IL 647,631647.6k $6.7m $6.7m 0.30% Unchanged
19 AQR Arbitrage LLC 0.09% of their portfolio Greenwich, CT 643,224643.2k $6.6m $6.6m 0.09% Added +6.0k +5,954
20 WHITEBOX ADVISORS LLC 0.10% of their portfolio MINNEAPOLIS, MN 600,000600.0k $6.2m $6.2m 0.10% Unchanged
21 HGC Investment Management Inc. 1.12% of their portfolio TORONTO, A6 550,000550.0k $5.7m $5.7m 1.12% Unchanged
22 First Trust Capital Management L.P. 0.32% of their portfolio CHICAGO, IL 538,461538.5k $5.5m $5.5m 0.32% Unchanged
23 Karpus Management, Inc. 0.15% of their portfolio Pittsford, NY 518,500518.5k $5.3m $5.3m 0.15% Reduced -500 -500
24 Context Capital Management, LLC 0.10% of their portfolio LAJOLLA, CA 483,500483.5k $5.0m $5.0m 0.10% Unchanged
25 Centiva Capital, LP 0.16% of their portfolio New York, NY 450,000450.0k $4.6m $4.6m 0.16% Unchanged
26 SONA ASSET MANAGEMENT (US) LLC 0.17% of their portfolio NEW YORK, NY 450,000450.0k $4.6m $4.6m 0.17% Unchanged
27 Wealthspring Capital LLC 1.01% of their portfolio WEST HARRISON, NY 440,480440.5k $4.5m $4.5m 1.01% Reduced -3.5k -3,500
28 MIZUHO SECURITIES USA LLC 0.04% of their portfolio NEW YORK, NY 400,186400.2k $4.1m $4.1m 0.04% New
29 Lineage Point Capital LP 0.71% of their portfolio PALM BEACH, FL 337,939337.9k $3.5m $3.5m 0.71% Unchanged
30 ARISTEIA CAPITAL, L.L.C. 0.05% of their portfolio GREENWICH, CT 319,907319.9k $3.3m $3.3m 0.05% Unchanged
31 Mint Tower Capital Management B.V. 0.35% of their portfolio AMSTERDAM, P7 286,642286.6k $3.0m $3.0m 0.35% Unchanged
32 Shaolin Capital Management LLC 0.15% of their portfolio Miami, FL 262,348262.3k $2.7m $2.7m 0.15% Reduced -137.7k -137,652
33 BERKLEY W R CORP 0.13% of their portfolio Greenwich, CT 259,931259.9k $2.7m $2.7m 0.13% Unchanged
34 DLD Asset Management, LP 0.21% of their portfolio NEW YORK, NY 250,341250.3k $2.6m $2.6m 0.21% Reduced -83.0k -83,000
35 Polar Asset Management Partners Inc. 0.05% of their portfolio TORONTO, A6 250,000250.0k $2.6m $2.6m 0.05% Unchanged
36 MOORE CAPITAL MANAGEMENT, LP 0.06% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 0.06% Unchanged
37 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 250,000250.0k $2.6m $2.6m 0.01% Unchanged
38 PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio Toronto, A6 250,000250.0k $2.6m $2.6m 0.02% Unchanged
39 Meteora Capital, LLC 0.20% of their portfolio Boca Raton, FL 239,643239.6k $2.5m $2.5m 0.20% Reduced -986.0k -986,027
40 Periscope Capital Inc. 0.38% of their portfolio Toronto, A6 235,000235.0k $2.4m $2.4m 0.38% Unchanged
41 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 230,500230.5k $2.4m $2.4m 0.00% Added +40 +40
42 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 225,000225.0k $2.3m $2.3m 0.01% Added +58.2k +58,207
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 221,170221.2k $2.3m $2.3m 0.00% Unchanged
44 Bulldog Investors, LLP 0.49% of their portfolio SADDLE BROOK, NJ 218,562218.6k $2.2m $2.2m 0.49% Unchanged
45 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 200,000200.0k $2.1m $2.1m 0.01% Unchanged
46 Ghisallo Capital Management LLC 0.04% of their portfolio BOSTON, MA 200,000200.0k $2.1m $2.1m 0.04% Unchanged
47 K2 PRINCIPAL FUND, L.P. 0.13% of their portfolio TORONTO, A6 137,623137.6k $1.4m $1.4m 0.13% Added +37.6k +37,623
48 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 105,784105.8k $1.1m $1.1m 0.00% Added +40.8k +40,784
49 O'Connor Alternative Investments LLC 0.08% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.08% Unchanged
50 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.05% of their portfolio WEST PALM BEACH, FL 99,37499.4k $1.0m $1.0m 0.05% Unchanged
51 GRITSTONE ASSET MANAGEMENT LLC 0.98% of their portfolio Bethesda, MD 98,85798.9k $1.0m $1.0m 0.98% Unchanged
52 Rangeley Capital, LLC 0.83% of their portfolio NEW CANAAN, CT 88,11388.1k $897.3k $897.3k 0.83% Added +3.1k +3,113
53 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 69,85269.9k $718.8k $718.8k 0.00% Reduced -15.4k -15,448
54 Logan Stone Capital, LLC 0.15% of their portfolio CHICAGO, IL 67,74467.7k $697.1k $697.1k 0.15% New
55 PenderFund Capital Management Ltd. 0.07% of their portfolio VANCOUVER, A1 55,48055.5k $570.9k $570.9k 0.07% Added +37.9k +37,880
56 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 55,10055.1k $567.0k $567.0k 0.02% Unchanged
57 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 52,93852.9k $544.7k $544.7k 0.00% Added +4.2k +4,220
58 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 50,00050.0k $514.5k $514.5k 0.01% Added +25.0k +25,000
59 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 39,86639.9k $410.6k $410.6k 0.00% Reduced -28 -28
60 J. Goldman & Co LP 0.01% of their portfolio NEW YORK, NY 35,00035.0k $360.1k $360.1k 0.01% Unchanged
61 ABC ARBITRAGE SA 0.04% of their portfolio PARIS, I0 35,00035.0k $360.1k $360.1k 0.04% Reduced -5.0k -5,000
62 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 25,27425.3k $260.1k $260.1k 0.00% Unchanged
63 DELTEC ASSET MANAGEMENT LLC 0.04% of their portfolio New York, NY 25,00025.0k $257.2k $257.2k 0.04% Unchanged
64 FNY Investment Advisers, LLC 0.07% of their portfolio NEW YORK, NY 20,00020.0k $205.0k $205.0k 0.07% Unchanged
65 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 19,24119.2k $198.0k $198.0k 0.00% Reduced -965 -965
66 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,7009.7k $99.8k $99.8k 0.00% Reduced -209.1k -209,071
67 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3535 $360 $360 0.00% Reduced -27 -27