Shake Shack
SHAK
150 hedge funds and large institutions have $892M invested in Shake Shack in 2017 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 51 increasing their positions, 28 reducing their positions, and 32 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 28
28% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 32
7.68% more ownership
Funds ownership: 97.05% → 104.73% (+7.7%)
1% more funds holding
Funds holding: 148 → 150 (+2)
3% more capital invested
Capital invested by funds: $866M → $892M (+$26M)
11% less call options, than puts
Call options by funds: $24.9M | Put options by funds: $27.9M
63% less funds holding in top 10
Funds holding in top 10: 8 → 3 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$70.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$51.4M |
| 3 |
Morgan Stanley
New York
|
+$25.8M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$24.5M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$28M |
| 2 |
D.E. Shaw & Co
New York
|
-$10.8M |
| 3 |
SCM
Sandler Capital Management
New York
|
-$7.91M |
| 4 |
Coatue Management
New York
|
-$7.73M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.37M |
SHAK Hedge Fund Activity: Q1 2017 in Review
150 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q1 2017, worth a combined $892M — up 3% from $866M a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new SHAK positions and 32 closed out — a net gain of 9 holders — while 51 added to existing stakes and 28 trimmed.
The largest buyer was BlackRock, adding an estimated $70.5M. The largest seller was Fred Alger Management, cutting an estimated $28M.
- 150 institutional investors held Shake Shack (SHAK) as of Q1 2017, up from 148 in Q4 2016.
- Funds reported $892M of Shake Shack stock for Q1 2017, up 3% quarter-over-quarter.
- 41 funds opened new Shake Shack positions in Q1 2017 and 32 closed out, a net change of +9 holders.
- The largest Shake Shack buyer in Q1 2017 was BlackRock, an estimated $70.5M added.
- The largest Shake Shack seller in Q1 2017 was Fred Alger Management, an estimated $28M sold.
Based on aggregated 13F filings for Q1 2017.