Earnest Partners Discloses 4.8% Stake in Cheesecake Factory (CAKE)

Earnest Partners LLC reported beneficial ownership of 2,388,181 shares of The Cheesecake Factory (ticker CAKE), representing 4.8% of the company’s common stock.

Rhea-AI Filing Summary

Earnest Partners LLC reported beneficial ownership of 2,388,181 shares of The Cheesecake Factory (ticker CAKE), representing 4.8% of the company’s common stock. The filing, a Schedule 13G (Amendment No. 2), shows Earnest Partners has sole dispositive power over all 2,388,181 shares and sole voting power over 1,618,968 shares with an additional 227,885 shares of shared voting power. The filing states the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control.

Positive

• Disclosure of position provides transparency on a 4.8% stake by Earnest Partners
• Certification of passive intent indicates shares are not held to influence control

Negative

• None.

Insights

Investment Adviser

TL;DR: Earnest Partners disclosed a 4.8% passive stake in CAKE, held in the ordinary course and not intended to influence control.

The Schedule 13G/A confirms a non-control, passive reporting status under applicable rules. A 4.8% stake is substantial for monitoring purposes but remains below the 5% threshold commonly associated with greater disclosure or activist signaling. The split between sole voting power (1,618,968 shares) and shared voting power (227,885 shares) suggests some positions may be subject to joint arrangements or pooled vehicles. The certification that shares are not held to influence control limits immediate governance implications.

Corporate Governance Expert

TL;DR: Ownership disclosure is routine and signals passive investment; no governance or control changes are implied.

The certification in Item 10 clarifies Earnest Partners’ intent that the stake is not for control. Because the position is below 5% and filed on Schedule 13G rather than 13D, this is consistent with a passive investor profile. There is no indication of coordination with a group or plans to nominate directors, and Item 6–9 entries are marked not applicable. Governance risk from this filing is minimal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in CAKE does Earnest Partners LLC report?

Earnest Partners reports beneficial ownership of 2,388,181 shares, equal to 4.8% of The Cheesecake Factory common stock.

Does Earnest Partners intend to influence control of CAKE?

No. The filing certifies the shares are held in the ordinary course of business and not to change or influence control.

How much voting power does Earnest Partners have in CAKE?

They report sole voting power over 1,618,968 shares and shared voting power over 227,885 shares.

Was this filed as a Schedule 13G or 13D?

This is a Schedule 13G (Amendment No. 2), which is used for passive investors meeting the rule criteria.

Is Earnest Partners part of a group for this filing?

No. The filing indicates not applicable for group identification and does not check group membership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/15/2025 - 08:43 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

CHEESECAKE FACTORY INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

163072101

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 163072101

1

Names of Reporting Persons

EARNEST PARTNERS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,618,968.00
6	Shared Voting Power 227,885.00
7	Sole Dispositive Power 2,388,181.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,388,181.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CHEESECAKE FACTORY INC
(b)	Address of issuer's principal executive offices: 26901 MALIBU HILLS RD, CALABASAS HILLS, CALIFORNIA, 91301.
Item 2.
(a)	Name of person filing: EARNEST Partners, LLC
(b)	Address or principal business office or, if none, residence: 1180 Peachtree Street NE, Suite 2300, Atlanta, Georgia 30309
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 163072101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,388,181
(b)	Percent of class: 4.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,618,968
	(ii) Shared power to vote or to direct the vote: 227,885
	(iii) Sole power to dispose or to direct the disposition of: 2,388,181
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

EARNEST PARTNERS LLC

Signature:	James M. Wilson
Name/Title:	Chief Compliance Officer
Date:	08/12/2025