Shake Shack Inc.: which funds bought and sold
Institutions that bought and sold Shake Shack shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 198 institutions that filed 13F reports for both quarters added to or opened positions in Shake Shack, and 187 cut or closed them. Together they sold a net 6.5M shares, −15.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 6.1M shares (−46.3%); index fund managers were net buyers of 691K shares (+5.2%). 63 opened a new position and 95 sold out entirely.
Bought, Q2 2026 198 institutions, 63 of them new holders Sold, Q2 2026 187 institutions, 95 of them sold out
Net change, all compared −6.5M shares (−15.1%)
Net change, active managers −6.1M shares (−46.3%), 27 bought, 33 sold
Buyers versus sellers
198 bought 43 187 sold
Active managers and hedge funds 27 bought · 33 sold · −6.1M
Index fund managers 7 bought · 4 sold · +691K
Other institutions 164 bought · 150 sold · −1.1M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| BAMCO Inc Active manager | +1.0M New position | 1.0M | $58M |
| Nomura Holdings Inc | +902K New position | 902K | $50.5M |
| Morgan Stanley | +613K +132.0% | 1.1M | $60.4M |
| Marshall Wace, LLP Hedge fund | +494K +55.3% | 1.4M | $77.7M |
| UBS Group AG | +453K +50.6% | 1.3M | $75.5M |
| Blackrock, Inc. Index funds | +424K +7.4% | 6.2M | $346M |
| Qube Research & Technologies Ltd Hedge fund | +418K New position | 418K | $23.4M |
| Assenagon Asset Management S.A. | +404K +1305.1% | 435K | $24.4M |
| Quinn Opportunity Partners LLC | +356K +416.6% | 442K | $24.7M |
| AQR Capital Management LLC Hedge fund | +316K +399.8% | 395K | $22.1M |
| Susquehanna International Group, LLP | +187K +123.9% | 338K | $18.9M |
| Armistice Capital, LLC Hedge fund | +183K New position | 183K | $10.3M |
| Trexquant Investment LP Hedge fund | +180K New position | 180K | $10.1M |
| Jpmorgan Chase & Co | +176K +24.0% | 911K | $50M |
| Jump Financial, LLC | +175K +1627.6% | 186K | $10.4M |
| Canada Pension Plan Investment Board | +122K +863.1% | 136K | $7.6M |
| Ossiam | +119K New position | 119K | $6.7M |
| Tudor Investment Corp Et Al Hedge fund | +114K New position | 114K | $6.4M |
| Vanguard Portfolio Management LLC Index funds | +102K +4.4% | 2.4M | $135M |
| J. Goldman & Co LP Hedge fund | +98K New position | 98K | $5.5M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| BAMCO Inc Active manager | +1.0M New position | 1.0M | $58M |
| Marshall Wace, LLP Hedge fund | +494K +55.3% | 1.4M | $77.7M |
| Qube Research & Technologies Ltd Hedge fund | +418K New position | 418K | $23.4M |
| AQR Capital Management LLC Hedge fund | +316K +399.8% | 395K | $22.1M |
| Armistice Capital, LLC Hedge fund | +183K New position | 183K | $10.3M |
| Trexquant Investment LP Hedge fund | +180K New position | 180K | $10.1M |
| Tudor Investment Corp Et Al Hedge fund | +114K New position | 114K | $6.4M |
| J. Goldman & Co LP Hedge fund | +98K New position | 98K | $5.5M |
| Point72 Asset Management, L.P. Hedge fund | +85K New position | 85K | $4.8M |
| FMR LLC Active manager | +74K +16.7% | 516K | $28.9M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Wellington Management Group LLP Active manager | −1.7M Sold out | 0 | — |
| Balyasny Asset Management L.P. Hedge fund | −1.7M −99.1% | 16K | $879,738 |
| Gilder Gagnon Howe & Co LLC Active manager | −1.2M Sold out | 0 | — |
| Anomaly Capital Management, LP Hedge fund | −1.0M Sold out | 0 | — |
| Citadel Advisors LLC Hedge fund | −968K −96.6% | 34K | $1.9M |
| Swedbank AB | −937K Sold out | 0 | — |
| Millennium Management LLC Hedge fund | −929K −93.2% | 68K | $3.8M |
| Van Berkom & Associates Inc. | −640K −37.7% | 1.1M | $59.3M |
| Bank Of America Corp | −623K −69.2% | 276K | $15.5M |
| Cannell & Spears LLC | −432K −95.4% | 21K | $1.2M |
| Goldman Sachs Group Inc | −389K −37.2% | 658K | $36.9M |
| 12 West Capital Management LP | −380K −30.6% | 863K | $48.4M |
| Junto Capital Management LP Hedge fund | −376K Sold out | 0 | — |
| Squarepoint Ops LLC Hedge fund | −332K Sold out | 0 | — |
| Aperture Investors, LLC | −295K Sold out | 0 | — |
| Adage Capital Partners Gp, L.L.C. Hedge fund | −230K Sold out | 0 | — |
| Jane Street Group, LLC | −228K Sold out | 0 | — |
| Healthcare Of Ontario Pension Plan Trust Fund | −224K Sold out | 0 | — |
| Neuberger Berman Group LLC Active manager | −189K −80.0% | 47K | $2.7M |
| Oberweis Asset Management Inc/ Active manager | −188K Sold out | 0 | — |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Wellington Management Group LLP Active manager | −1.7M Sold out | 0 | — |
| Balyasny Asset Management L.P. Hedge fund | −1.7M −99.1% | 16K | $879,738 |
| Gilder Gagnon Howe & Co LLC Active manager | −1.2M Sold out | 0 | — |
| Anomaly Capital Management, LP Hedge fund | −1.0M Sold out | 0 | — |
| Citadel Advisors LLC Hedge fund | −968K −96.6% | 34K | $1.9M |
| Millennium Management LLC Hedge fund | −929K −93.2% | 68K | $3.8M |
| Junto Capital Management LP Hedge fund | −376K Sold out | 0 | — |
| Squarepoint Ops LLC Hedge fund | −332K Sold out | 0 | — |
| Adage Capital Partners Gp, L.L.C. Hedge fund | −230K Sold out | 0 | — |
| Neuberger Berman Group LLC Active manager | −189K −80.0% | 47K | $2.7M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| BAMCO IncActive manager | 1.0M | $58M |
| Nomura Holdings Inc | 902K | $50.5M |
| Qube Research & Technologies LtdHedge fund | 418K | $23.4M |
| Armistice Capital, LLCHedge fund | 183K | $10.3M |
| Trexquant Investment LPHedge fund | 180K | $10.1M |
| Ossiam | 119K | $6.7M |
| Tudor Investment Corp Et AlHedge fund | 114K | $6.4M |
| J. Goldman & Co LPHedge fund | 98K | $5.5M |
| Point72 Asset Management, L.P.Hedge fund | 85K | $4.8M |
| Imc-Chicago, LLC | 67K | $3.8M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Wellington Management Group LLPActive manager | 1.7M | $152M |
| Gilder Gagnon Howe & Co LLCActive manager | 1.2M | $102M |
| Anomaly Capital Management, LPHedge fund | 1.0M | $90.4M |
| Swedbank AB | 937K | $82.9M |
| Junto Capital Management LPHedge fund | 376K | $33.2M |
| Squarepoint Ops LLCHedge fund | 332K | $29.4M |
| Aperture Investors, LLC | 295K | $26.1M |
| Adage Capital Partners Gp, L.L.C.Hedge fund | 230K | $20.3M |
| Jane Street Group, LLC | 228K | $20.2M |
| Healthcare Of Ontario Pension Plan Trust Fund | 224K | $19.8M |
Who holds the shares
- Institutions reporting
- 338
- Ten largest holders
- 51.0% of 13F-reported shares
- Index fund managers
- 38.2% of 13F-reported shares
- Active managers and hedge funds
- 19.3% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 27 | 33 | 15 | 16 | −6.1M | −46.3% |
| Index fund managers | 7 | 4 | 0 | 1 | +691K | +5.2% |
| Other institutions | 164 | 150 | 48 | 78 | −1.1M | −6.5% |