Shake Shack
SHAK
357 hedge funds and large institutions have $3.46B invested in Shake Shack in 2025 Q4 according to their latest regulatory filings, with 66 funds opening new positions, 103 increasing their positions, 145 reducing their positions, and 56 closing their positions.
18% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 56
2.82% more ownership
Funds ownership: 103.15% → 105.97% (+2.8%)
1% more funds holding
Funds holding: 354 → 357 (+3)
11% less capital invested
Capital invested by funds: $3.89B → $3.46B (-$424M)
28% less call options, than puts
Call options by funds: $109M | Put options by funds: $151M
29% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 145
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Swedbank
Stockholm,
Sweden
|
+$91.3M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$44.3M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$34.6M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$33.6M |
| 5 |
CS
Cannell & Spears
New York
|
+$31.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$66.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$59.6M |
| 3 |
Man Group
London,
United Kingdom
|
-$39.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$35.2M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$32.1M |
SHAK Hedge Fund Activity: Q4 2025 in Review
357 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q4 2025, worth a combined $3.46B — down 11% from $3.89B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new SHAK positions and 56 closed out — a net gain of 10 holders — while 103 added to existing stakes and 145 trimmed.
The largest buyer was Swedbank, opening a new position worth an estimated $91.3M. The largest seller was Ameriprise, cutting an estimated $66.5M.
- 357 institutional investors held Shake Shack (SHAK) as of Q4 2025, up from 354 in Q3 2025.
- Funds reported $3.46B of Shake Shack stock for Q4 2025, down 11% quarter-over-quarter.
- 66 funds opened new Shake Shack positions in Q4 2025 and 56 closed out, a net change of +10 holders.
- The largest Shake Shack buyer in Q4 2025 was Swedbank, an estimated $91.3M added.
- The largest Shake Shack seller in Q4 2025 was Ameriprise, an estimated $66.5M sold.
Based on aggregated 13F filings for Q4 2025.