Vault-13

SHAKE SHACK INC SHAK 0 03.01.28

NOTE 3/0 · US DOMESTIC · CUSIP 819047AB7

43 institutional holders +3 vs Q1 2025
3,804,0003.8m shares reported held*
$254.1mreported value*
5 new 10 added 12 reduced 2 sold out net sold ≈ $28.0m (-1.5m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $66.81.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 40Q4 22: 40Q1 23: 34Q2 23: 35Q3 23: 39Q4 23: 44Q1 24: 45Q2 24: 50Q3 24: 44Q4 24: 44Q1 25: 40Q2 25: 4343Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202240
Q4 202240
Q1 202334
Q2 202335
Q3 202339
Q4 202344
Q1 202445
Q2 202450
Q3 202444
Q4 202444
Q1 202540
Q2 202543

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 23: 15 bought or addedQ3 23: 11 cut or sold outQ4 23: 22 bought or addedQ4 23: 13 cut or sold outQ4 23Q1 24: 23 bought or addedQ1 24: 20 cut or sold outQ2 24: 14 bought or addedQ2 24: 19 cut or sold outQ2 24Q3 24: 18 bought or addedQ3 24: 19 cut or sold outQ4 24: 16 bought or addedQ4 24: 13 cut or sold outQ4 24Q1 25: 17 bought or addedQ1 25: 15 cut or sold outQ2 25: 15 bought or addedQ2 25: 14 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20231511
Q4 20232213
Q1 20242320
Q2 20241419
Q3 20241819
Q4 20241613
Q1 20251715
Q2 20251514

Biggest buyers

Point72 Asset Management, L.P. New +14,700,000+14.7m
LORD, ABBETT & CO. LLC Added +5,828,000+5.8m
BANK OF AMERICA CORP /DE/ Added +4,826,000+4.8m
DeepCurrents Investment Group LLC Added +4,400,000+4.4m
SHENKMAN CAPITAL MANAGEMENT INC Added +2,627,000+2.6m
CSS LLC/IL New +2,500,000+2.5m
LAZARD ASSET MANAGEMENT LLC New +2,400,000+2.4m
Walleye Capital LLC New +2,000,000+2.0m
JPMORGAN CHASE & CO Added +1,377,000+1.4m
NEUBERGER BERMAN GROUP LLC Added +1,245,000+1.2m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Sold out -44,970,000-45.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -9,258,000-9.3m
FRANKLIN RESOURCES INC Reduced -3,585,000-3.6m
CAMDEN ASSET MANAGEMENT L P /CA Reduced -3,312,000-3.3m
OAKTREE CAPITAL MANAGEMENT LP Reduced -2,735,000-2.7m
WELLS FARGO & COMPANY/MN Reduced -2,099,000-2.1m
NEW YORK STATE COMMON RETIREMENT FUND Reduced -1,462,000-1.5m
WELLINGTON MANAGEMENT GROUP LLP Reduced -695,000-695.0k
BARCLAYS PLC Reduced -92,000-92.0k
Calamos Wealth Management LLC Reduced -36,000-36.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 0.91% of their portfolio Los Angeles, CA 36,291,00036.3m $38.8m $38.8m 0.91% Reduced -3.3m -3,312,000
2 Calamos Advisors LLC 0.13% of their portfolio NAPERVILLE, IL 28,521,00028.5m $30.6m $30.6m 0.13% Reduced -17.0k -17,000
3 DeepCurrents Investment Group LLC 1.11% of their portfolio NEW YORK, NY 28,256,00028.3m $30.3m $30.3m 1.11% Added +4.4m +4,400,000
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.41% of their portfolio NEW YORK, NY 28,072,00028.1m $30.1m $30.1m 0.41% Unchanged
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.37% of their portfolio NEW YORK, NY 15,677,00015.7m $16.8m $16.8m 0.37% Reduced -9.3m -9,258,000
6 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 14,700,00014.7m $15.8m $15.8m 0.04% New
7 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 9,741,0009.7m $10.5m $10.5m 0.00% Reduced -3.6m -3,585,000
8 OAKTREE CAPITAL MANAGEMENT LP 0.19% of their portfolio LOS ANGELES, CA 8,821,0008.8m $9.5m $9.5m 0.19% Reduced -2.7m -2,735,000
9 HBK INVESTMENTS L P 0.16% of their portfolio DALLAS, TX 8,500,0008.5m $9.1m $9.1m 0.16% Not comparable
10 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 8,100,0008.1m $8.7m $8.7m 0.03% Added +5.8m +5,828,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,868,6007.9m $8.4m $8.4m 0.00% Added +4.8m +4,826,000
12 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 6,095,0006.1m $6.5m $6.5m 0.01% Added +1.2m +1,245,000
13 SHENKMAN CAPITAL MANAGEMENT INC 0.45% of their portfolio NEW YORK, NY 4,368,0004.4m $4.5m $4.5m 0.45% Added +2.6m +2,627,000
14 FMR LLC 0.00% of their portfolio BOSTON, MA 3,615,0003.6m $3.9m $3.9m 0.00% Unchanged
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,466,0003.5m $3.7m $3.7m 0.00% Reduced -2.1m -2,099,000
16 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 2,586,0002.6m $2.8m $2.8m 0.00% Reduced -1.5m -1,462,000
17 CSS LLC/IL 0.17% of their portfolio CHICAGO, IL 2,500,0002.5m $2.7m $2.7m 0.17% New
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,450,0002.5m $2.6m $2.6m 0.00% Added +200.0k +200,000
19 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,400,0002.4m $2.6m $2.6m 0.00% New
20 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 2,000,0002.0m $2.1m $2.1m 0.02% New
21 Pinnacle Holdings, LLC 0.68% of their portfolio TULSA, OK 1,760,0001.8m $1.9m $1.9m 0.68% Unchanged
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,473,0001.5m $1.6m $1.6m 0.00% Added +1.4m +1,377,000
23 OFI INVEST ASSET MANAGEMENT 0.03% of their portfolio ISSY LES MOULINEAUX, I0 1,200,0001.2m $1.1m $1.1m 0.03% Unchanged
24 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,125,0001.1m $1.2m $1.2m 0.01% Unchanged
25 Nicholas Investment Partners, LP 0.10% of their portfolio RANCHO SANTA FE, CA 1,015,0001.0m $1.1m $1.1m 0.10% Unchanged
26 SSI INVESTMENT MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 297,000297.0k $317.2k $317.2k 0.02% Reduced -10.0k -10,000
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 195,000195.0k $208.3k $208.3k 0.00% Added +6.0k +6,000
28 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 189,000189.0k $202.0k $202.0k 0.00% Reduced -695.0k -695,000
29 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 138,000138.0k $147.8k $147.8k 0.01% Reduced -36.0k -36,000
30 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 64,00064.0k $68.4k $68.4k 0.00% Unchanged
31 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 33,00033.0k $35.2k $35.2k 0.00% Reduced -92.0k -92,000
32 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,00033.0k $35.2k $35.2k 0.00% Unchanged
33 Selective Wealth Management, Inc. 0.01% of their portfolio FOREST, VA 29,00029.0k $30.9k $30.9k 0.01% Unchanged
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 20,00020.0k $22.0k $22.0k 0.00% Added +10.0k +10,000
35 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 18,15018.1k $1.9m $1.9m 0.01% Added +6.4k +6,400
36 Fox Hill Wealth Management 0.01% of their portfolio DEDHAM, MA 17,00017.0k $18.1k $18.1k 0.01% Unchanged
37 Oaktree Fund Advisors, LLC 0.02% of their portfolio LOS ANGLES, CA 10,00010.0k $10.7k $10.7k 0.02% Reduced -15.0k -15,000
38 Chicago Capital Management, LLC 3.28% of their portfolio CHICAGO, IL 4,1894.2k $4.5m $4.5m 3.28% Unchanged
39 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,0004.0k $4.3k $4.3k 0.00% New
40 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5001.5k $1.6k $1.6k 0.00% Unchanged
41 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.1k $1.1k 0.00% Unchanged
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11 $1.1k $1.1k 0.00% Unchanged
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged