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Shake Shack Inc. (SHAK)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Blackrock, Inc.	6,201,678	$546,801,905	0.01%
2.	Vanguard Group Inc	4,364,267	$384,797,421	0.01%
3.	Goldman Sachs Group Inc	822,354	$72,506,953	0.01%
4.	Jennison Associates Llc	377,987	$33,327,114	0.02%
5.	Schwab Charles Investment Management Inc	356,010	$31,389,402	0.01%