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Shake Shack

285 hedge funds and large institutions have $2.73B invested in Shake Shack in 2023 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 88 increasing their positions, 102 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more capital invested

Capital invested by funds: $2.07B → $2.73B (+$659M)

3.87% more ownership

Funds ownership: 89.55%93.41% (+3.9%)

9% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 47

3% less funds holding

Funds holding: 294285 (-9)

14% less repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 102

25% less call options, than puts

Call options by funds: $87.5M | Put options by funds: $117M

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
285
Holders Change
-9
Holders Change %
-3.06%
% of All Funds
4.16%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
43
Increased
88
Reduced
102
Closed
47
Calls
$87.5M
Puts
$117M
Net Calls
-$29.1M
Net Calls Change
+$6.34M
Name Holding Trade Value Shares
Change
Change in
Stake
Jane Street
76
Jane Street
New York
$2.68M +$692K +11,283 +45%
Thrivent Financial for Lutherans
77
Thrivent Financial for Lutherans
Minnesota
$2.65M +$90K +1,468 +4%
New York State Teachers Retirement System (NYSTRS)
78
New York State Teachers Retirement System (NYSTRS)
New York
$2.59M -$6.13K -100 -0.3%
First Trust Advisors
79
First Trust Advisors
Illinois
$2.47M -$1.41M -23,039 -41%
Walleye Trading
80
Walleye Trading
New York
$2.45M -$345K -5,631 -15%
American Century Companies
81
American Century Companies
Missouri
$2.45M +$1.12M +18,263 +123%
GS
82
GTS Securities
New York
$2.42M +$2M +32,681 New
TPSF
83
Texas Permanent School Fund
Texas
$2.4M +$33.8K +551 +2%
Canada Life
84
Canada Life
Manitoba, Canada
$2.31M -$46.2K -753 -2%
VOYA Investment Management
85
VOYA Investment Management
Georgia
$2.26M -$6.01K -98 -0.3%
SPS
86
Susquehanna Portfolio Strategies
Pennsylvania
$2.21M +$1.83M +29,796 New
Ohio Public Employees Retirement System (OPERS)
87
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.17M
BCC
88
Bridge City Capital
Oregon
$2.15M +$205K +3,336 +13%
SFCM
89
Savoir Faire Capital Management
Connecticut
$2.04M +$58.2K +949 +4%
WCA
90
Waratah Capital Advisors
Ontario, Canada
$1.96M +$1.62M +26,498 New
UBS Group
91
UBS Group
Switzerland
$1.84M -$280K -4,565 -16%
HAM
92
Hedges Asset Management
Nevada
$1.82M +$55.2K +900 +4%
Bessemer Group
93
Bessemer Group
New Jersey
$1.81M +$321K +5,233 +27%
New York State Common Retirement Fund
94
New York State Common Retirement Fund
New York
$1.77M -$12.4K -202 -0.8%
EAM
95
EFG Asset Management
Oregon
$1.77M +$191K +3,119 +15%
Citigroup
96
Citigroup
New York
$1.76M -$353K -5,758 -20%
Two Sigma Investments
97
Two Sigma Investments
New York
$1.71M -$10.5M -170,848 -88%
SOADOR
98
State of Alaska Department of Revenue
Alaska
$1.71M -$22.7K -370 -2%
SEI Investments
99
SEI Investments
Pennsylvania
$1.62M +$669K +10,913 +100%
Ensign Peak Advisors
100
Ensign Peak Advisors
Utah
$1.59M

SHAK Hedge Fund Activity: Q4 2023 in Review

285 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q4 2023, worth a combined $2.73B — up 32% from $2.07B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of SHAK and 43 opened new positions — a net loss of 4 holders — while 102 trimmed existing stakes and 88 added.

The largest buyer was Citadel Advisors, adding an estimated $32.2M. The largest seller was Marshall Wace, cutting an estimated $54.2M.

  • 285 institutional investors held Shake Shack (SHAK) as of Q4 2023, down from 294 in Q3 2023.
  • Funds reported $2.73B of Shake Shack stock for Q4 2023, up 32% quarter-over-quarter.
  • 43 funds opened new Shake Shack positions in Q4 2023 and 47 closed out, a net change of -4 holders.
  • The largest Shake Shack buyer in Q4 2023 was Citadel Advisors, an estimated $32.2M added.
  • The largest Shake Shack seller in Q4 2023 was Marshall Wace, an estimated $54.2M sold.

Based on aggregated 13F filings for Q4 2023.