Aquatic Capital Management Reduces Stake in Cheesecake Factory

Institutional investor trims holdings in restaurant operator by over 50%

Mar. 17, 2026 at 7:24am

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Aquatic Capital Management LLC reduced its holdings in The Cheesecake Factory Incorporated (NASDAQ:CAKE) by 54.9% in the 3rd quarter, according to the company's recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 74,817 shares of the restaurant operator's stock, worth approximately $4.09 million.

Why it matters

The Cheesecake Factory is a major player in the casual dining industry, with over 200 locations across the United States. Institutional investors closely watch the company's performance, and changes in their holdings can signal broader market trends or shifts in investor sentiment.

The details

Aquatic Capital Management sold 91,085 shares of Cheesecake Factory stock during the third quarter, reducing its total position to 74,817 shares. The firm now owns approximately 0.15% of the restaurant operator's outstanding shares.

  • Aquatic Capital Management reduced its holdings in Cheesecake Factory during the 3rd quarter of 2026.

The players

Aquatic Capital Management LLC

An institutional investor that has reduced its stake in The Cheesecake Factory Incorporated.

The Cheesecake Factory Incorporated

A major American restaurant company and distributor known for its full-service casual-dining concept and specialty cheesecakes.

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The takeaway

The reduction in Aquatic Capital Management's position in Cheesecake Factory could signal broader market concerns about the restaurant industry or the company's performance, though the reasons behind the move are not entirely clear from the available information.