Dark Forest Capital Management’s Shake Shack SHAK Stock Holding History

Dark Forest Capital Management’s Portfolio SHAK Stock Details SHAK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-20,007	Closed	-$1.87M	–	1308
2025 Q3	$1.87M	Buy	+20,007	New	+$2.3M	0.07%	488
2025 Q2	–	Sell	-8,537	Closed	-$753K	–	1482
2025 Q1	$753K	Buy	+8,537	New	+$926K	0.03%	804
2023 Q4	–	Sell	-6,633	Closed	-$385K	–	998
2023 Q3	$385K	Sell	6,633 -10,914	-62%	-$776K	0.03%	809
2023 Q2	$1.36M	Buy	17,547 +14,838	+548%	+$953K	0.13%	172
2023 Q1	$150K	Buy	+2,709	New	+$149K	0.04%	512
2022 Q4	–	Sell	-8	Closed	–	–	1447
2022 Q3	$0	Buy	+8	New	+$384	﹤0.01%	1408
2022 Q1	–	Sell	-63	Closed	-$5K	–	1713
2021 Q4	$5K	Sell	63 -582	-90%	-$44.3K	﹤0.01%	1182
2021 Q3	$51K	Buy	645 +557	+633%	+$50.7K	0.02%	562
2021 Q2	$9K	Buy	+88	New	+$8.88K	﹤0.01%	646

Other funds holding SHAK

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

1WCM

12 West Capital Management New York $535M AUM 25.99% 1-Year Est. Return

State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

GGHC

Gilder Gagnon Howe & Co New York $9.69B AUM 55.7% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Squarepoint New York $90.5B AUM 33.95% 1-Year Est. Return

Swedbank Stockholm, Sweden $116B AUM 46.87% 1-Year Est. Return

Dark Forest Capital Management's SHAK Position: Q4 2025 in Review

Dark Forest Capital Management sold out of Shake Shack (SHAK) in Q4 2025, closing a stake of 20,007 shares — an estimated $1.87M sold.

Dark Forest Capital Management first reported a position in SHAK in Q2 2021 and held it in 9 quarters. The position peaked at $1.87M in Q3 2025. 357 funds tracked by Wall St. Rank hold SHAK as of Q4 2025.

Dark Forest Capital Management reported no remaining Shake Shack position as of Q4 2025 after selling out during the quarter.
Dark Forest Capital Management sold 20,007 Shake Shack shares in Q4 2025, an estimated $1.87M.
Dark Forest Capital Management first reported a position in Shake Shack in Q2 2021 and held it in 9 quarters.
Dark Forest Capital Management's Shake Shack position peaked at $1.87M in Q3 2025.
357 funds tracked by Wall St. Rank held Shake Shack as of Q4 2025.

Based on Dark Forest Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.