Shake Shack
SHAK
260 hedge funds and large institutions have $1.98B invested in Shake Shack in 2023 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 76 increasing their positions, 88 reducing their positions, and 38 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
41% more capital invested
Capital invested by funds: $1.4B → $1.98B (+$577M)
29% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 38
3.78% more ownership
Funds ownership: 85.7% → 89.48% (+3.8%)
3% more funds holding
Funds holding: 253 → 260 (+7)
14% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 88
40% less call options, than puts
Call options by funds: $42.3M | Put options by funds: $70.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Engaged Capital
Newport Beach,
California
|
+$94.8M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$33.7M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$21.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
-$116M |
| 2 |
Man Group
London,
United Kingdom
|
-$23.1M |
| 3 |
BlackRock
New York
|
-$22.3M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$21M |
| 5 |
1WCM
12 West Capital Management
New York
|
-$11.1M |
SHAK Hedge Fund Activity: Q1 2023 in Review
260 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q1 2023, worth a combined $1.98B — up 41% from $1.4B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new SHAK positions and 38 closed out — a net gain of 11 holders — while 76 added to existing stakes and 88 trimmed.
The largest buyer was Engaged Capital, opening a new position worth an estimated $94.8M. The largest seller was Fred Alger Management, cutting an estimated $116M.
- 260 institutional investors held Shake Shack (SHAK) as of Q1 2023, up from 253 in Q4 2022.
- Funds reported $1.98B of Shake Shack stock for Q1 2023, up 41% quarter-over-quarter.
- 49 funds opened new Shake Shack positions in Q1 2023 and 38 closed out, a net change of +11 holders.
- The largest Shake Shack buyer in Q1 2023 was Engaged Capital, an estimated $94.8M added.
- The largest Shake Shack seller in Q1 2023 was Fred Alger Management, an estimated $116M sold.
Based on aggregated 13F filings for Q1 2023.