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Shake Shack

350 hedge funds and large institutions have $3.77B invested in Shake Shack in 2024 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 97 increasing their positions, 111 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

223% more first-time investments, than exits

New positions opened: 97 | Existing positions closed: 30

38% more capital invested

Capital invested by funds: $2.73B → $3.77B (+$1.04B)

33% more funds holding in top 10

Funds holding in top 10: 34 (+1)

23% more funds holding

Funds holding: 285350 (+65)

1.48% less ownership

Funds ownership: 93.41%91.93% (-1.5%)

13% less repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 111

28% less call options, than puts

Call options by funds: $119M | Put options by funds: $164M

Holders
350
Holders Change
+65
Holders Change %
+22.81%
% of All Funds
5.04%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
97
Increased
97
Reduced
111
Closed
30
Calls
$119M
Puts
$164M
Net Calls
-$45.6M
Net Calls Change
-$16.5M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
251
Penserra Capital Management
California
$249K +$210K +2,400 New
SWP
252
Stratos Wealth Partners
Ohio
$248K +$209K +2,384 New
BFS
253
Bradley Foster & Sargent
Connecticut
$245K +$206K +2,353 New
CDH
254
Charles D. Hyman
$242K +$204K +2,325 New
NA
255
NewEdge Advisors
Louisiana
$242K +$204K +2,325 New
Mackenzie Financial
256
Mackenzie Financial
Ontario, Canada
$242K +$203K +2,323 New
US Bancorp
257
US Bancorp
Minnesota
$241K -$41.6K -475 -17%
X
258
Xponance
Pennsylvania
$238K +$201K +2,292 New
KeyBank National Association
259
KeyBank National Association
Ohio
$233K +$196K +2,241 New
ECM
260
Evergreen Capital Management
Washington
$231K +$194K +2,221 New
SOW
261
State of Wyoming
Wyoming
$230K -$54.7K -625 -22%
CAPTRUST Financial Advisors
262
CAPTRUST Financial Advisors
North Carolina
$229K +$192K +2,199 New
SB
263
Strategic Blueprint
Georgia
$225K +$190K +2,166 New
PA
264
Profund Advisors
Maryland
$225K +$189K +2,163 New
ECM
265
ExodusPoint Capital Management
New York
$213K +$179K +2,049 New
PAS
266
Point72 Asia (Singapore)
Singapore
$210K +$177K +2,020 New
SMC
267
Smith, Moore & Co
Missouri
$208K +$175K +2,000 New
MLICM
268
Metropolitan Life Insurance Company (MetLife)
New York
$207K -$15.9K -182 -8%
TRCT
269
Tower Research Capital (TRC)
New York
$189K -$792K -9,047 -83%
CIBC Private Wealth Group
270
CIBC Private Wealth Group
Georgia
$155K +$128K +1,457 New
Group One Trading
271
Group One Trading
Illinois
$139K +$102K +1,162 +664%
QCG
272
Quadrant Capital Group
Ohio
$137K +$57.2K +654 +99%
HFM
273
Harvest Fund Management
China
$134K +$113K +1,290 New
AI
274
AdvisorShares Investments
Maryland
$131K -$45.8K -523 -29%
KBC Group
275
KBC Group
Belgium
$101K

SHAK Hedge Fund Activity: Q1 2024 in Review

350 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q1 2024, worth a combined $3.77B — up 38% from $2.73B a quarter earlier.

Buyers outnumbered sellers: 97 funds opened new SHAK positions and 30 closed out — a net gain of 67 holders — while 97 added to existing stakes and 111 trimmed.

The largest buyer was T. Rowe Price Investment Management, opening a new position worth an estimated $59.2M. The largest seller was Engaged Capital, cutting an estimated $51.9M.

  • 350 institutional investors held Shake Shack (SHAK) as of Q1 2024, up from 285 in Q4 2023.
  • Funds reported $3.77B of Shake Shack stock for Q1 2024, up 38% quarter-over-quarter.
  • 97 funds opened new Shake Shack positions in Q1 2024 and 30 closed out, a net change of +67 holders.
  • The largest Shake Shack buyer in Q1 2024 was T. Rowe Price Investment Management, an estimated $59.2M added.
  • The largest Shake Shack seller in Q1 2024 was Engaged Capital, an estimated $51.9M sold.

Based on aggregated 13F filings for Q1 2024.