Shake Shack
SHAK
345 hedge funds and large institutions have $4B invested in Shake Shack in 2024 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 121 increasing their positions, 111 reducing their positions, and 43 closing their positions.
19% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 43
17% more capital invested
Capital invested by funds: $3.41B → $4B (+$584M)
1% more funds holding
Funds holding: 341 → 345 (+4)
1.05% more ownership
Funds ownership: 95.7% → 96.76% (+1.1%)
9% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 111
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less call options, than puts
Call options by funds: $94.1M | Put options by funds: $138M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$67.2M |
| 2 |
MGCM
Mane Global Capital Management
New York
|
+$58M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$38.1M |
| 4 |
BNP Paribas Asset Management
Paris,
France
|
+$37M |
| 5 |
Holocene Advisors
New York
|
+$37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$29.4M |
| 2 |
EC
Engaged Capital
Newport Beach,
California
|
-$24M |
| 3 |
Two Sigma Investments
New York
|
-$23.1M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$23M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$16.1M |
SHAK Hedge Fund Activity: Q3 2024 in Review
345 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q3 2024, worth a combined $4B — up 17% from $3.41B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new SHAK positions and 43 closed out — a net gain of 8 holders — while 121 added to existing stakes and 111 trimmed.
The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $67.2M. The largest seller was D.E. Shaw & Co, cutting an estimated $29.4M.
- 345 institutional investors held Shake Shack (SHAK) as of Q3 2024, up from 341 in Q2 2024.
- Funds reported $4B of Shake Shack stock for Q3 2024, up 17% quarter-over-quarter.
- 51 funds opened new Shake Shack positions in Q3 2024 and 43 closed out, a net change of +8 holders.
- The largest Shake Shack buyer in Q3 2024 was Balyasny Asset Management, an estimated $67.2M added.
- The largest Shake Shack seller in Q3 2024 was D.E. Shaw & Co, an estimated $29.4M sold.
Based on aggregated 13F filings for Q3 2024.