Shake Shack
SHAK
212 hedge funds and large institutions have $1.8B invested in Shake Shack in 2019 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 58 reducing their positions, and 59 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 58
9% less call options, than puts
Call options by funds: $125M | Put options by funds: $137M
12% less funds holding
Funds holding: 241 → 212 (-29)
12.6% less ownership
Funds ownership: 102.04% → 89.45% (-13%)
37% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 59
41% less capital invested
Capital invested by funds: $3.05B → $1.8B (-$1.26B)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$78.3M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$38.9M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$33.6M |
| 4 |
Morgan Stanley
New York
|
+$26.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$88.7M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$63.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$46.6M |
| 4 |
D.E. Shaw & Co
New York
|
-$35.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$24.8M |
SHAK Hedge Fund Activity: Q4 2019 in Review
212 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q4 2019, worth a combined $1.8B — down 41% from $3.05B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of SHAK and 37 opened new positions — a net loss of 22 holders — while 58 trimmed existing stakes and 80 added.
The largest buyer was Eminence Capital, opening a new position worth an estimated $78.3M. The largest seller was Renaissance Technologies, cutting an estimated $88.7M.
- 212 institutional investors held Shake Shack (SHAK) as of Q4 2019, down from 241 in Q3 2019.
- Funds reported $1.8B of Shake Shack stock for Q4 2019, down 41% quarter-over-quarter.
- 37 funds opened new Shake Shack positions in Q4 2019 and 59 closed out, a net change of -22 holders.
- The largest Shake Shack buyer in Q4 2019 was Eminence Capital, an estimated $78.3M added.
- The largest Shake Shack seller in Q4 2019 was Renaissance Technologies, an estimated $88.7M sold.
Based on aggregated 13F filings for Q4 2019.