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Shake Shack

338 hedge funds and large institutions have $2.05B invested in Shake Shack in 2026 Q2 according to their latest regulatory filings, with 69 funds opening new positions, 135 increasing their positions, 91 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more repeat investments, than reductions

Existing positions increased: 135 | Existing positions reduced: 91

9% less funds holding

Funds holding: 371338 (-33)

14.84% less ownership

Funds ownership: 105.62%90.79% (-15%)

27% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 95

45% less capital invested

Capital invested by funds: $3.76B → $2.05B (-$1.7B)

58% less call options, than puts

Call options by funds: $73.3M | Put options by funds: $173M

75% less funds holding in top 10

Funds holding in top 10: 41 (-3)

Holders
338
Holders Change
-33
Holders Change %
-8.89%
% of All Funds
4.08%
Holding in Top 10
1
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-75%
% of All Funds
0.01%
New
69
Increased
135
Reduced
91
Closed
95
Calls
$73.3M
Puts
$173M
Net Calls
-$99.9M
Net Calls Change
-$40.5M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$346M +$31.9M +423,960 +7%
Vanguard Portfolio Management
2
Vanguard Portfolio Management
Pennsylvania
$135M +$7.66M +101,715 +4%
Vanguard Capital Management
3
Vanguard Capital Management
Pennsylvania
$98.1M +$1.28M +16,987 +1%
State Street
4
State Street
Massachusetts
$88M +$6.4M +85,021 +6%
Marshall Wace
5
Marshall Wace
United Kingdom
$77.7M +$37.2M +494,044 +55%
UBS Group
6
UBS Group
Switzerland
$75.5M +$34.1M +452,876 +51%
Morgan Stanley
7
Morgan Stanley
New York
$60.4M +$46.2M +613,431 +132%
VBA
8
Van Berkom & Associates
Quebec, Canada
$59.3M +$15.7M +208,847 +25%
BAMCO Inc
9
BAMCO Inc
New York
$58M +$78M +1,035,680 New
Geode Capital Management
10
Geode Capital Management
Massachusetts
$56.3M +$4.34M +57,606 +6%
Nomura Holdings
11
Nomura Holdings
Japan
$50.5M +$67.9M +902,096 New
JP Morgan Chase
12
JP Morgan Chase
New York
$50M +$13.3M +176,205 +24%
1WCM
13
12 West Capital Management
New York
$48.4M -$28.6M -380,184 -31%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$40.5M +$4M +53,115 +8%
Goldman Sachs
15
Goldman Sachs
New York
$36.9M -$29.3M -389,167 -37%
Fisher Asset Management
16
Fisher Asset Management
Washington
$35M -$3.99M -52,982 -8%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$28.9M +$5.57M +73,949 +17%
BNP Paribas Asset Management
18
BNP Paribas Asset Management
France
$27.7M -$7.43M -98,682 -17%
QOP
19
Quinn Opportunity Partners
Virginia
$24.7M +$26.8M +356,082 +417%
Raymond James Financial
20
Raymond James Financial
Florida
$24M -$11.8M -156,232 -27%
Northern Trust
21
Northern Trust
Illinois
$23.8M +$1.75M +23,188 +6%
Qube Research & Technologies (QRT)
22
Qube Research & Technologies (QRT)
United Kingdom
$23.4M +$31.5M +418,129 New
AQR Capital Management
23
AQR Capital Management
Connecticut
$22.1M +$23.8M +316,223 +400%
Jennison Associates
24
Jennison Associates
New York
$21.2M -$611K -8,118 -2%
Charles Schwab
25
Charles Schwab
California
$20.5M -$860K -11,420 -3%

SHAK Hedge Fund Activity: Q2 2026 in Review

338 of the 8,279 institutional investors tracked by Wall St. Rank reported a position in Shake Shack (SHAK) for Q2 2026, worth a combined $2.05B — down 45% from $3.76B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of SHAK and 69 opened new positions — a net loss of 26 holders — while 91 trimmed existing stakes and 135 added.

The largest buyer was BAMCO Inc, opening a new position worth an estimated $78M. The largest seller was Wellington Management Group, exiting entirely with an estimated $152M sold.

  • 338 institutional investors held Shake Shack (SHAK) as of Q2 2026, down from 371 in Q1 2026.
  • Funds reported $2.05B of Shake Shack stock for Q2 2026, down 45% quarter-over-quarter.
  • 69 funds opened new Shake Shack positions in Q2 2026 and 95 closed out, a net change of -26 holders.
  • The largest Shake Shack buyer in Q2 2026 was BAMCO Inc, an estimated $78M added.
  • The largest Shake Shack seller in Q2 2026 was Wellington Management Group, an estimated $152M sold.

Based on aggregated 13F filings for Q2 2026.