What smart money is saying about Cheesecake Factory
CAKE
No fund has written a full thesis on Cheesecake Factory in our archive, but 4 fund letters report a position in it, most recently Diamond Hill Long-Short Fund in September 2026.
Get an email when a fund buys, sells or pitches it
4
Reported positions
0
Bought
2
Sold
4
Letters
Position history
Between Q2 2025 and Q3 2026, 4 fund letters reported a position in Cheesecake Factory, with 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 2 | 0 | 2 | 0 |
| Q2 2025 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 4 positions · 2 moves
- September 2026
“While our consumer discretionary shorts collectively contributed to performance, Garmin and Cheesecake Factory detracted, as both companies continue to see surprisingly strong demand.”
Cheesecake Factory - TrimmedBaron Small Cap FundJune 2026
“During the quarter, our largest sales were trims of some of our largest and best performing stocks ( Vertiv Holdings Co , Legence Corp. , The Cheesecake Factory Incorporated , and Cognex Corporation ).”
Cheesecake Factory - TrimmedBaron Small Cap StrategyJune 2026
“Top net sales for the quarter Net Amount Sold ($M) Vertiv Holdings Co 65.0 Legence Corp. 54.3 The Cheesecake Factory Incorporated 34.5 Cognex Corporation 32.1 Gartner, Inc. 19.9 During the quarter, our largest sales were trims of some of our largest and best performing stocks (Vertiv Holdings Co, Legence Corp., The Cheesecake Factory Incorporated, and Cognex Corporation).”
Cheesecake Factory - HoldsSycamore Small Cap Value EquityJune 2025
“Restaurant operator Cheesecake Factory, Inc. (CAKE), which boasts a portfolio of trending concepts (North Italia, Flower Child, Culinary Dropout, Wildflower, etc.), was also a top performer. CAKE also benefited given its domestic tilt. We continue to believe that CAKE has an attractive unit growth runway which is internally funded. Management also has a track record of returning excess cash to shareholders. Our thesis for CAKE remains unchanged given the growth potential, solid balance sheet and discounted valuation.”
Cheesecake Factory
Read the letters behind these Cheesecake Factory positions
Every quote above comes from a fund letter in our archive. Get unlimited access to the letters themselves, and to Warren AI, which reads all of them for you.
View plans→Share this ledger