Leonard Green & Partners’s Shake Shack SHAK Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2020 Q1	–	Sell	-1,114,725	Closed	-$66.4M	–	45
2019 Q4	$66.4M	Hold	1,114,725	–	–	26.41%	3
2019 Q3	$109M	Sell	1,114,725 -313,720	-22%	-$27.7M	40.92%	2
2019 Q2	$103M	Sell	1,428,445 -802,704	-36%	-$49.5M	16.03%	3
2019 Q1	$132M	Sell	2,231,149 -499,998	-18%	-$25.6M	13.72%	3
2018 Q4	$124M	Sell	2,731,147 -64,072	-2%	-$3.3M	13.15%	3
2018 Q3	$176M	Sell	2,795,219 -850,000	-23%	-$51.6M	10.39%	3
2018 Q2	$241M	Sell	3,645,219 -627,440	-15%	-$34.8M	13.12%	3
2018 Q1	$178M	Hold	4,272,659	–	–	27%	2
2017 Q4	$185M	Sell	4,272,659 -522,225	-11%	-$20.2M	28.6%	2
2017 Q3	$159M	Hold	4,794,884	–	–	23.7%	2
2017 Q2	$167M	Hold	4,794,884	–	–	20.44%	2
2017 Q1	$160M	Hold	4,794,884	–	–	18.5%	2
2016 Q4	$172M	Sell	4,794,884 -500,000	-9%	-$17.5M	17.21%	3
2016 Q3	$184M	Sell	5,294,884 -750,002	-12%	-$27.8M	18.55%	2
2016 Q2	$220M	Sell	6,044,886 -1,209,773	-17%	-$44M	24.07%	2
2016 Q1	$271M	Sell	7,254,659 -300,000	-4%	-$10.8M	22.4%	2
2015 Q4	$299M	Sell	7,554,659 -400,000	-5%	-$17.6M	23.58%	2
2015 Q3	$377M	Sell	7,954,659 -1,239,663	-13%	-$67.6M	25.44%	3
2015 Q2	$554M	Hold	9,194,322	–	–	30.29%	2
2015 Q1	$460M	Buy	+9,194,322	New	+$413M	24.28%	3