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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
345
Holders Change
+4
Holders Change %
+1.17%
% of All Funds
4.95%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
51
Increased
121
Reduced
111
Closed
43
Calls
$94.1M
Puts
$138M
Net Calls
-$43.9M
Net Calls Change
+$5.92M

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$67.2M
2
MGCM
Mane Global Capital Management
New York
+$58M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$38.1M
4
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$37M
5
Holocene Advisors
Holocene Advisors
New York
+$37M

Top Sellers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$29.4M
2
EC
Engaged Capital
California
-$24M
3
Two Sigma Investments
Two Sigma Investments
New York
-$23.1M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$23M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
-$16.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
BNP Paribas Asset Management
26
BNP Paribas Asset Management
France
$39.7M +$37M +384,433 New
Squarepoint
27
Squarepoint
New York
$39.6M -$10.7M -111,039 -22%
Northern Trust
28
Northern Trust
Illinois
$39.2M +$777K +8,064 +2%
Fisher Asset Management
29
Fisher Asset Management
Washington
$36.5M +$1.55M +16,097 +5%
Charles Schwab
30
Charles Schwab
California
$36.5M +$2.39M +24,813 +8%
Two Sigma Investments
31
Two Sigma Investments
New York
$33.6M -$23.1M -240,255 -42%
Citadel Advisors
32
Citadel Advisors
Florida
$32.6M +$12M +125,080 +66%
Jennison Associates
33
Jennison Associates
New York
$30.4M +$2.76M +28,661 +11%
Bank of New York Mellon
34
Bank of New York Mellon
New York
$27.8M -$2.98M -30,984 -10%
Fidelity Investments
35
Fidelity Investments
Massachusetts
$25.1M +$820K +8,512 +4%
UBS AM
36
UBS AM
Illinois
$24.5M -$1.05M -10,898 -4%
AI
37
Aperture Investors
New York
$24.1M +$4.01M +41,642 +22%
EAM
38
Eagle Asset Management
Florida
$22.2M -$1.24M -12,873 -7%
Bank of America
39
Bank of America
North Carolina
$20.4M +$5M +51,889 +36%
Qube Research & Technologies (QRT)
40
Qube Research & Technologies (QRT)
United Kingdom
$20.3M -$6.73M -69,826 -26%
Principal Financial Group
41
Principal Financial Group
Iowa
$19.5M +$197K +2,043 +1%
CC
42
Cornerstone Capital
California
$19.5M -$4.42M -45,835 -20%
PP
43
Paloma Partners
Connecticut
$18.6M +$17.4M +180,464 New
Neuberger Berman Group
44
Neuberger Berman Group
New York
$14.9M +$4.37M +45,333 +46%
JP Morgan Chase
45
JP Morgan Chase
New York
$14.6M +$749K +7,774 +6%
Norges Bank
46
Norges Bank
Norway
$14.1M -$6.53M -67,759 -33%
FAM
47
Fred Alger Management
New York
$13M -$16M -165,775 -57%
PAM
48
Panagora Asset Management
Massachusetts
$12.5M +$695K +7,220 +6%
KHCM
49
Kettle Hill Capital Management
New York
$12.3M -$2.97M -30,853 -21%
Prudential Financial
50
Prudential Financial
New Jersey
$11.3M -$1.49M -15,492 -12%
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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.