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Shake Shack
SHAK

368 hedge funds and large institutions have $3.64B invested in Shake Shack in 2025 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 134 increasing their positions, 115 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 115

3.9% more ownership

Funds ownership: 99.09% → 102.98% (+3.9%)

2% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 66

1% less funds holding

Funds holding: 371 → 368 (-3)

26% less call options, than puts

Call options by funds: $87.2M | Put options by funds: $117M

29% less capital invested

Capital invested by funds: $5.15B → $3.64B (-$1.51B)

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

Holders
368
Holders Change
-3
Holders Change %
-0.81%
% of All Funds
4.93%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
67
Increased
134
Reduced
115
Closed
66
Calls
$87.2M
Puts
$117M
Net Calls
-$29.9M
Net Calls Change
+$46.9M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$150M
2
Citadel Advisors
Citadel Advisors
Florida
+$111M
3
Ameriprise
Ameriprise
Minnesota
+$50.8M
4
Squarepoint
Squarepoint
New York
+$41.1M
5
Bank of America
Bank of America
North Carolina
+$22.3M

Top Sellers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$70.4M
2
Holocene Advisors
Holocene Advisors
New York
-$48.7M
3
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$48.3M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
-$46.4M
5
DCM
Driehaus Capital Management
Illinois
-$32.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$547M +$8.58M +79,068 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$385M -$6.7M -61,748 -1%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$231M +$150M +1,383,999 +112%
1WCM
4
12 West Capital Management
New York
$143M -$15.8M -145,523 -8%
State Street
5
State Street
Massachusetts
$128M -$6.07M -55,902 -4%
GGHC
6
Gilder Gagnon Howe & Co
New York
$128M -$1.63M -15,021 -1%
Invesco
7
Invesco
Georgia
$112M +$2.69M +24,783 +2%
Citadel Advisors
8
Citadel Advisors
Florida
$92.6M +$111M +1,022,917 +3,718%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$79.4M +$2.77M +25,537 +3%
Squarepoint
10
Squarepoint
New York
$77.5M +$41.1M +378,489 +76%
Ameriprise
11
Ameriprise
Minnesota
$69.8M +$50.8M +467,748 +144%
VBA
12
Van Berkom & Associates
Quebec, Canada
$69.3M +$13.6M +125,357 +19%
Goldman Sachs
13
Goldman Sachs
New York
$66.9M +$17.4M +160,190 +27%
Morgan Stanley
14
Morgan Stanley
New York
$64.8M -$957K -8,818 -1%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$57.2M -$12.2M -112,121 -15%
WA
16
Wasatch Advisors
Utah
$55.4M +$6.68M +61,602 +11%
Qube Research & Technologies (QRT)
17
Qube Research & Technologies (QRT)
United Kingdom
$43.9M +$20.3M +187,200 +60%
N
18
Nuveen
North Carolina
$42.8M -$217K -1,998 -0.4%
BNP Paribas Asset Management
19
BNP Paribas Asset Management
France
$41.9M +$1.39M +12,807 +3%
MGCM
20
Mane Global Capital Management
New York
$40.5M +$698K +6,430 +1%
Raymond James Financial
21
Raymond James Financial
Florida
$39.5M +$8.57M +78,996 +21%
Northern Trust
22
Northern Trust
Illinois
$36.8M -$749K -6,905 -2%
Renaissance Technologies
23
Renaissance Technologies
New York
$35M +$10.2M +94,100 +31%
Fisher Asset Management
24
Fisher Asset Management
Washington
$34.8M -$5.97M -55,056 -12%
Jennison Associates
25
Jennison Associates
New York
$33.3M +$264K +2,435 +0.6%
1
2 3 4 5

SHAK Hedge Fund Activity: Q1 2025 in Review

368 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q1 2025, worth a combined $3.64B — down 29% from $5.15B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new SHAK positions and 66 closed out — a net gain of 1 holder — while 134 added to existing stakes and 115 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $150M. The largest seller was Balyasny Asset Management, cutting an estimated $70.4M.

  • 368 institutional investors held Shake Shack (SHAK) as of Q1 2025, down from 371 in Q4 2024.
  • Funds reported $3.64B of Shake Shack stock for Q1 2025, down 29% quarter-over-quarter.
  • 67 funds opened new Shake Shack positions in Q1 2025 and 66 closed out, a net change of +1 holder.
  • The largest Shake Shack buyer in Q1 2025 was Wellington Management Group, an estimated $150M added.
  • The largest Shake Shack seller in Q1 2025 was Balyasny Asset Management, an estimated $70.4M sold.

Based on aggregated 13F filings for Q1 2025.