Shake Shack
SHAK
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.
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: 3 → 4 (+1)
23% more funds holding
Funds holding: 285 → 350 (+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
Top Buyers
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$59.2M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$36.4M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$30.3M |
| 4 |
Renaissance Technologies
New York
|
+$26.3M |
| 5 |
Two Sigma Investments
New York
|
+$23M |
Top Sellers
| 1 |
EC
Engaged Capital
Newport Beach,
California
|
-$51.9M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$46.8M |
| 3 |
Morgan Stanley
New York
|
-$46.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$40.9M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$31.5M |
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.