12 West Capital Management LP: SHAKE SHACK INC (SHAK): Quarterly 13F Position History
As of Q1 2026, 12 West Capital Management LP reported 1,243,595 shares of SHAKE SHACK INC (SHAK), worth $110.0M and representing 18.6% of its 13F equity book. Quarter-over-quarter share count change: 720,000 (-36.7%) . The position first appeared in Q2 2016 and has been disclosed across 40 13F-HR filings in Pactolio's tracked window.
- 1,243,595Shares Held (Latest Filing)
- $110.0MReported Market Value (Latest Filing)
- 18.6%Portfolio Weight (% of 13F Equity Book)
- 720,000Quarter-over-Quarter Share Change
- -$49.4MQuarter-over-Quarter Value Change
- 2,802,862Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,243,595 | 720,000 | -36.7% | $110.0M | 18.6% | $88.5 |
| Q4 2025 | 1,963,595 | +210,000 | +12.0% | $159.4M | 19.0% | $81.2 |
| Q3 2025 | 1,753,595 | +210,000 | +13.6% | $164.2M | 17.0% | $93.6 |
| Q2 2025 | 1,543,595 | 75,000 | -4.6% | $217.0M | 23.0% | $140.6 |
| Q1 2025 | 1,618,595 | 145,523 | -8.2% | $142.7M | 21.1% | $88.2 |
| Q4 2024 | 1,764,118 | 28,981 | -1.6% | $229.0M | 24.0% | $129.8 |
| Q3 2024 | 1,793,099 | 0 | — | $185.1M | 18.9% | $103.2 |
| Q2 2024 | 1,793,099 | 0 | — | $161.4M | 16.6% | $90.0 |
| Q1 2024 | 1,793,099 | 171,785 | -8.7% | $186.5M | 17.0% | $104.0 |
| Q4 2023 | 1,964,884 | +305,284 | +18.4% | $145.6M | 13.7% | $74.1 |
| Q3 2023 | 1,659,600 | +748,789 | +82.2% | $96.4M | 8.7% | $58.1 |
| Q2 2023 | 910,811 | 439,920 | -32.6% | $70.8M | 6.1% | $77.7 |
| Q1 2023 | 1,350,731 | 201,250 | -13.0% | $75.0M | 6.4% | $55.5 |
| Q4 2022 | 1,551,981 | 139,817 | -8.3% | $64.5M | 6.5% | $41.5 |
| Q3 2022 | 1,691,798 | 84,584 | -4.8% | $76.1M | 6.7% | $45.0 |
| Q2 2022 | 1,776,382 | 1,425 | -0.1% | $70.1M | 6.0% | $39.5 |
| Q1 2022 | 1,777,807 | 13,782 | -0.8% | $120.7M | 7.3% | $67.9 |
| Q4 2021 | 1,791,589 | 267,323 | -13.0% | $129.3M | 5.7% | $72.2 |
| Q3 2021 | 2,058,912 | 105,816 | -4.9% | $161.5M | 7.4% | $78.5 |
| Q2 2021 | 2,164,728 | 81,311 | -3.6% | $231.7M | 9.7% | $107.0 |
| Q1 2021 | 2,246,039 | 556,823 | -19.9% | $253.3M | 12.1% | $112.8 |
| Q4 2020 | 2,802,862 | 0 | — | $237.6M | 10.2% | $84.8 |
| Q3 2020 | 2,802,862 | 0 | — | $180.7M | 8.8% | $64.5 |
| Q2 2020 | 2,802,862 | 0 | — | $148.5M | 7.7% | $53.0 |
| Q1 2020 | 2,802,862 | +205,126 | +7.9% | $105.8M | 6.6% | $37.7 |
| Q4 2019 | 2,597,736 | 0 | — | $154.7M | 10.0% | $59.6 |
| Q3 2019 | 2,597,736 | 0 | — | $254.7M | 16.6% | $98.0 |
| Q2 2019 | 2,597,736 | 0 | — | $187.6M | 14.3% | $72.2 |
| Q1 2019 | 2,597,736 | 0 | — | $153.7M | 12.8% | $59.1 |
| Q4 2018 | 2,597,736 | 0 | — | $118.0M | 12.5% | $45.4 |
| Q3 2018 | 2,597,736 | 0 | — | $163.7M | 12.3% | $63.0 |
| Q2 2018 | 2,597,736 | 0 | — | $171.9M | 14.4% | $66.2 |
| Q1 2018 | 2,597,736 | 0 | — | $108.1M | 11.9% | $41.6 |
| Q4 2017 | 2,597,736 | 0 | — | $112.2M | 13.6% | $43.2 |
| Q3 2017 | 2,597,736 | +562,000 | +27.6% | $86.3M | 12.1% | $33.2 |
| Q2 2017 | 2,035,736 | +1,074,074 | +111.7% | $71.0M | 12.0% | $34.9 |
| Q1 2017 | 961,662 | 0 | — | $32.1M | 6.4% | $33.4 |
| Q4 2016 | 961,662 | +182,757 | +23.5% | $34.4M | 6.1% | $35.8 |
| Q3 2016 | 778,905 | 0 | — | $27.0M | 3.9% | $34.7 |
| Q2 2016 | 778,905 | — | — | $28.4M | 4.6% | $36.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did 12 West Capital Management LP first disclose a SHAK position in 13F-HR filings?
12 West Capital Management LP first reported SHAKE SHACK INC (SHAK) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was 12 West Capital Management LP's most recent quarter-over-quarter share-count change in SHAK?
Between Q4 2025 and Q1 2026, 12 West Capital Management LP reduced its SHAK position by 720,000 shares (-36.7%), leaving 1,243,595 shares at a market value of $110.0M.
Does the implied price-per-share represent 12 West Capital Management LP's cost basis in SHAK?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.