Vanguard Capital Management Acquires 5.05% Stake in Shake Shack Inc. (SHAK)

Vanguard Capital Management LLC has filed a Schedule 13G with the SEC, reporting a new 5.05% ownership stake in Shake Shack Inc. (SHAK). As of the event date on March 31, 2026, the investment adviser reported beneficial ownership of 2,033,412 shares of Common Stock. According to the filing, Vanguard holds sole dispositive power over all 2,033,412 shares and sole voting power over 298,727 shares, with no shared voting or dispositive power reported. The filing indicates that these securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reported position includes holdings across various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. This initial 13G filing marks a significant increase from the previously reported 0% ownership, crossing the 5% regulatory threshold. The total value of the position is estimated at approximately $200 million based on the provided financial data.