Shake Shack
SHAK
271 hedge funds and large institutions have $2.69B invested in Shake Shack in 2021 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 98 increasing their positions, 78 reducing their positions, and 33 closing their positions.
45% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 33
26% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 78
5% more funds holding
Funds holding: 259 → 271 (+12)
10% less call options, than puts
Call options by funds: $158M | Put options by funds: $175M
2.29% less ownership
Funds ownership: 89.96% → 87.67% (-2.3%)
28% less capital invested
Capital invested by funds: $3.76B → $2.69B (-$1.07B)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$34M |
| 2 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$33.9M |
| 3 |
Morgan Stanley
New York
|
+$9.26M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.69M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
+$6.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$92.6M |
| 2 |
Select Equity Group
New York
|
-$54.2M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$44.8M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$13M |
| 5 |
1WCM
12 West Capital Management
New York
|
-$9.63M |
SHAK Hedge Fund Activity: Q3 2021 in Review
271 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q3 2021, worth a combined $2.69B — down 28% from $3.76B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new SHAK positions and 33 closed out — a net gain of 15 holders — while 98 added to existing stakes and 78 trimmed.
The largest buyer was Champlain Investment Partners, adding an estimated $34M. The largest seller was Fred Alger Management, cutting an estimated $92.6M.
- 271 institutional investors held Shake Shack (SHAK) as of Q3 2021, up from 259 in Q2 2021.
- Funds reported $2.69B of Shake Shack stock for Q3 2021, down 28% quarter-over-quarter.
- 48 funds opened new Shake Shack positions in Q3 2021 and 33 closed out, a net change of +15 holders.
- The largest Shake Shack buyer in Q3 2021 was Champlain Investment Partners, an estimated $34M added.
- The largest Shake Shack seller in Q3 2021 was Fred Alger Management, an estimated $92.6M sold.
Based on aggregated 13F filings for Q3 2021.