Shake Shack
SHAK
294 hedge funds and large institutions have $2.07B invested in Shake Shack in 2023 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 86 increasing their positions, 95 reducing their positions, and 46 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
26% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 46
3% more funds holding
Funds holding: 285 → 294 (+9)
0.16% more ownership
Funds ownership: 89.38% → 89.55% (+0.16%)
9% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 95
24% less capital invested
Capital invested by funds: $2.74B → $2.07B (-$662M)
39% less call options, than puts
Call options by funds: $55.3M | Put options by funds: $90.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1WCM
12 West Capital Management
New York
|
+$53.2M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$46.1M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$39.7M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$20.8M |
| 5 |
Renaissance Technologies
New York
|
+$18.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$60.1M |
| 2 |
EC
Engaged Capital
Newport Beach,
California
|
-$35.5M |
| 3 |
Man Group
London,
United Kingdom
|
-$29.2M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$28.1M |
| 5 |
Millennium Management
New York
|
-$23.7M |
SHAK Hedge Fund Activity: Q3 2023 in Review
294 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q3 2023, worth a combined $2.07B — down 24% from $2.74B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new SHAK positions and 46 closed out — a net gain of 12 holders — while 86 added to existing stakes and 95 trimmed.
The largest buyer was 12 West Capital Management, adding an estimated $53.2M. The largest seller was Invesco, cutting an estimated $60.1M.
- 294 institutional investors held Shake Shack (SHAK) as of Q3 2023, up from 285 in Q2 2023.
- Funds reported $2.07B of Shake Shack stock for Q3 2023, down 24% quarter-over-quarter.
- 58 funds opened new Shake Shack positions in Q3 2023 and 46 closed out, a net change of +12 holders.
- The largest Shake Shack buyer in Q3 2023 was 12 West Capital Management, an estimated $53.2M added.
- The largest Shake Shack seller in Q3 2023 was Invesco, an estimated $60.1M sold.
Based on aggregated 13F filings for Q3 2023.