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Shake Shack

371 hedge funds and large institutions have $3.76B invested in Shake Shack in 2026 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 127 increasing their positions, 122 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more funds holding in top 10

Funds holding in top 10: 14 (+3)

43% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 47

8% more capital invested

Capital invested by funds: $3.46B → $3.76B (+$294M)

4% more funds holding

Funds holding: 357371 (+14)

4% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 122

0.38% less ownership

Funds ownership: 106%105.62% (-0.38%)

46% less call options, than puts

Call options by funds: $70.7M | Put options by funds: $130M

Holders
371
Holders Change
+14
Holders Change %
+3.92%
% of All Funds
4.54%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.05%
New
67
Increased
127
Reduced
122
Closed
47
Calls
$70.7M
Puts
$130M
Net Calls
-$59.4M
Net Calls Change
-$17.8M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$509M -$236K -2,563 -0%
Vanguard Portfolio Management
2
Vanguard Portfolio Management
Pennsylvania
$204M +$212M +2,300,225 New
Vanguard Capital Management
3
Vanguard Capital Management
Pennsylvania
$153M +$160M +1,734,685 New
Wellington Management Group
4
Wellington Management Group
Massachusetts
$152M -$116M -1,264,202 -42%
Balyasny Asset Management
5
Balyasny Asset Management
Illinois
$149M +$131M +1,428,981 +550%
State Street
6
State Street
Massachusetts
$131M +$4.01M +43,609 +3%
1WCM
7
12 West Capital Management
New York
$110M -$66.2M -720,000 -37%
GGHC
8
Gilder Gagnon Howe & Co
New York
$102M -$10.4M -113,539 -9%
Goldman Sachs
9
Goldman Sachs
New York
$92.7M +$44.7M +486,112 +87%
ACM
10
Anomaly Capital Management
New York
$90.4M +$94M +1,021,608 New
Citadel Advisors
11
Citadel Advisors
Florida
$88.6M +$7.22M +78,502 +9%
Millennium Management
12
Millennium Management
New York
$88.2M +$67.7M +736,058 +282%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$83.8M +$2.51M +27,274 +3%
Swedbank
14
Swedbank
Sweden
$82.9M -$9.09M -98,800 -10%
Bank of America
15
Bank of America
North Carolina
$79.5M +$7.85M +85,324 +10%
UBS Group
16
UBS Group
Switzerland
$79.2M -$18.4M -199,904 -18%
Marshall Wace
17
Marshall Wace
United Kingdom
$79M +$56.1M +610,104 +216%
VBA
18
Van Berkom & Associates
Quebec, Canada
$75.1M -$6.81M -74,037 -8%
JP Morgan Chase
19
JP Morgan Chase
New York
$61.3M +$10.3M +111,566 +18%
Fisher Asset Management
20
Fisher Asset Management
Washington
$60M -$2.19M -23,855 -3%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$59.3M +$1.51M +16,439 +3%
BNP Paribas Asset Management
22
BNP Paribas Asset Management
France
$52.4M +$1.52M +16,575 +3%
Raymond James Financial
23
Raymond James Financial
Florida
$50.8M +$11.5M +124,459 +27%
Morgan Stanley
24
Morgan Stanley
New York
$41.1M -$78.1M -848,540 -65%
CS
25
Cannell & Spears
New York
$40M +$8.97M +97,446 +27%

SHAK Hedge Fund Activity: Q1 2026 in Review

371 of the 8,172 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q1 2026, worth a combined $3.76B — up 8.5% from $3.46B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new SHAK positions and 47 closed out — a net gain of 20 holders — while 127 added to existing stakes and 122 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $131M. The largest seller was Wellington Management Group, cutting an estimated $116M.

  • 371 institutional investors held Shake Shack (SHAK) as of Q1 2026, up from 357 in Q4 2025.
  • Funds reported $3.76B of Shake Shack stock for Q1 2026, up 8.5% quarter-over-quarter.
  • 67 funds opened new Shake Shack positions in Q1 2026 and 47 closed out, a net change of +20 holders.
  • The largest Shake Shack buyer in Q1 2026 was Balyasny Asset Management, an estimated $131M added.
  • The largest Shake Shack seller in Q1 2026 was Wellington Management Group, an estimated $116M sold.

Based on aggregated 13F filings for Q1 2026.