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Shake Shack
SHAK

345 hedge funds and large institutions have $4B invested in Shake Shack in 2024 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 121 increasing their positions, 111 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 43

17% more capital invested

Capital invested by funds: $3.41B → $4B (+$584M)

1% more funds holding

Funds holding: 341 → 345 (+4)

1.05% more ownership

Funds ownership: 95.7% → 96.76% (+1.1%)

9% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 111

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

32% less call options, than puts

Call options by funds: $94.1M | Put options by funds: $138M

Holders
345
Holders Change
+4
Holders Change %
+1.17%
% of All Funds
4.95%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
51
Increased
121
Reduced
111
Closed
43
Calls
$94.1M
Puts
$138M
Net Calls
-$43.9M
Net Calls Change
+$5.92M

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$67.2M
2
MGCM
Mane Global Capital Management
New York
+$58M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$38.1M
4
BNP Paribas Asset Management
BNP Paribas Asset Management
France
+$37M
5
Holocene Advisors
Holocene Advisors
New York
+$37M

Top Sellers

1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$29.4M
2
EC
Engaged Capital
California
-$24M
3
Two Sigma Investments
Two Sigma Investments
New York
-$23.1M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$23M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
-$16.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$609M -$3.81M -39,517 -0.7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$452M +$153K +1,591 +0%
1WCM
3
12 West Capital Management
New York
$185M – – –
GGHC
4
Gilder Gagnon Howe & Co
New York
$154M -$6.73M -69,912 -4%
State Street
5
State Street
Massachusetts
$150M +$4.75M +49,324 +4%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$126M -$5.85M -60,703 -5%
Invesco
7
Invesco
Georgia
$98.3M -$10.7M -110,944 -10%
Holocene Advisors
8
Holocene Advisors
New York
$97.7M +$37M +384,131 +68%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$90.5M +$2.56M +26,620 +3%
VBA
10
Van Berkom & Associates
Quebec, Canada
$87M +$10.9M +112,639 +15%
T. Rowe Price Investment Management
11
T. Rowe Price Investment Management
Maryland
$82.9M +$8.81M +91,414 +13%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$76.5M -$5.75M -59,728 -7%
Balyasny Asset Management
13
Balyasny Asset Management
Illinois
$72M +$67.2M +697,311 New
Point72 Asset Management
14
Point72 Asset Management
Connecticut
$67.2M +$38.1M +395,311 +155%
CIP
15
Champlain Investment Partners
Vermont
$63.4M +$2.67M +27,707 +5%
MGCM
16
Mane Global Capital Management
New York
$62.1M +$58M +602,127 New
Goldman Sachs
17
Goldman Sachs
New York
$59.9M +$9.96M +103,385 +22%
WA
18
Wasatch Advisors
Utah
$57.4M -$2.29M -23,749 -4%
Morgan Stanley
19
Morgan Stanley
New York
$55.3M +$6.62M +68,725 +15%
Marshall Wace
20
Marshall Wace
United Kingdom
$52.9M -$3.07M -31,862 -6%
N
21
Nuveen
North Carolina
$51.3M -$3.44M -35,687 -7%
LP
22
Linonia Partnership
New York
$49.9M – – –
Renaissance Technologies
23
Renaissance Technologies
New York
$47.2M +$1.95M +20,200 +5%
AC
24
Armistice Capital
New York
$46.9M -$12.1M -125,930 -22%
Man Group
25
Man Group
United Kingdom
$42.7M +$3.11M +32,302 +8%
1
2 3 4 5

SHAK Hedge Fund Activity: Q3 2024 in Review

345 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q3 2024, worth a combined $4B — up 17% from $3.41B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new SHAK positions and 43 closed out — a net gain of 8 holders — while 121 added to existing stakes and 111 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $67.2M. The largest seller was D.E. Shaw & Co, cutting an estimated $29.4M.

  • 345 institutional investors held Shake Shack (SHAK) as of Q3 2024, up from 341 in Q2 2024.
  • Funds reported $4B of Shake Shack stock for Q3 2024, up 17% quarter-over-quarter.
  • 51 funds opened new Shake Shack positions in Q3 2024 and 43 closed out, a net change of +8 holders.
  • The largest Shake Shack buyer in Q3 2024 was Balyasny Asset Management, an estimated $67.2M added.
  • The largest Shake Shack seller in Q3 2024 was D.E. Shaw & Co, an estimated $29.4M sold.

Based on aggregated 13F filings for Q3 2024.