Shake Shack
SHAK
341 hedge funds and large institutions have $3.41B invested in Shake Shack in 2024 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 125 increasing their positions, 114 reducing their positions, and 47 closing their positions.
3.77% more ownership
Funds ownership: 91.93% → 95.7% (+3.8%)
10% more repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 114
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less funds holding
Funds holding: 350 → 341 (-9)
10% less capital invested
Capital invested by funds: $3.77B → $3.41B (-$361M)
11% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 47
38% less call options, than puts
Call options by funds: $82.9M | Put options by funds: $133M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$34.5M |
| 2 |
Squarepoint
New York
|
+$33.1M |
| 3 |
D.E. Shaw & Co
New York
|
+$29.7M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
+$29.5M |
| 5 |
Two Sigma Investments
New York
|
+$27.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$57M |
| 2 |
EC
Engaged Capital
Newport Beach,
California
|
-$49.6M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$36M |
| 4 |
FAM
Fred Alger Management
New York
|
-$23.7M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$16.3M |
SHAK Hedge Fund Activity: Q2 2024 in Review
341 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q2 2024, worth a combined $3.41B — down 9.6% from $3.77B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of SHAK and 42 opened new positions — a net loss of 5 holders — while 114 trimmed existing stakes and 125 added.
The largest buyer was Wellington Management Group, adding an estimated $34.5M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $57M sold.
- 341 institutional investors held Shake Shack (SHAK) as of Q2 2024, down from 350 in Q1 2024.
- Funds reported $3.41B of Shake Shack stock for Q2 2024, down 9.6% quarter-over-quarter.
- 42 funds opened new Shake Shack positions in Q2 2024 and 47 closed out, a net change of -5 holders.
- The largest Shake Shack buyer in Q2 2024 was Wellington Management Group, an estimated $34.5M added.
- The largest Shake Shack seller in Q2 2024 was Balyasny Asset Management, an estimated $57M sold.
Based on aggregated 13F filings for Q2 2024.