First Watch Restaurant Group, Inc.
FWRG- Exchange
- Nasdaq
- Industry
- Retail-Eating Places
- SEC CIK
- 0001789940
No open-market purchases or sales by First Watch Restaurant Group, Inc. insiders were filed in the last 90 days; 206 institutions reported holding it in 13F filings for Q2 2026, worth $842.4M in total; no superinvestor holds it.
13F holders, Q3 2025
Institutional positions in First Watch Restaurant Group, Inc. as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 184
- +19 vs. Q2 2025
- Shares held
- 74.6M
- +4.82M (+6.9%) vs. Q2 2025
- Total value
- $1.17B
- +$47.7M (+4.3%) vs. Q2 2025
- New holders
- 31
- 80 more added
- Sold out
- 12
- 46 more reduced
1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting FWRG on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 206 | $842.4M |
| Q1 2026 | 210 | $709.4M |
| Q4 2025 | 208 | $1.06B |
| Q3 2025 | 184 | $1.17B |
| Q2 2025 | 166 | $1.12B |
| Q1 2025 | 157 | $1.18B |
| Q4 2024 | 154 | $1.27B |
| Q3 2024 | 135 | $1.05B |
| Q2 2024 | 137 | $1.17B |
| Q1 2024 | 146 | $1.58B |
| Q4 2023 | 119 | $1.23B |
| Q3 2023 | 125 | $1.04B |
| Q2 2023 | 114 | $968.7M |
| Q1 2023 | 100 | $917.6M |
| Q4 2022 | 106 | $768.5M |
| Q3 2022 | 100 | $826.2M |
| Q2 2022 | 72 | $813.4M |
| Q1 2022 | 71 | $737.3M |
| Q4 2021 | 70 | $963.2M |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding First Watch Restaurant Group, Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Advent International Corp | 5,289,784 | $82.7M | 1.67% | −9,400,000−64.0% | Reduced |
| JPMorgan Chase & Co | 3,954,536 | $61.8M | 0.00% | +1,740,782+78.6% | Added |
| BlackRock, Inc. | 3,120,200 | $48.8M | 0.00% | +226,039+7.8% | Added |
| Vanguard Group Inc | 2,888,295 | $45.2M | 0.00% | +443,830+18.2% | Added |
| FMR LLC | 2,544,101 | $39.8M | 0.00% | +398,740+18.6% | Added |
| Dimensional Fund Advisors LP | 2,442,780 | $38.2M | 0.01% | +69,415+2.9% | Added |
| Gilder Gagnon Howe & Co LLC | 2,145,809 | $33.6M | 0.34% | −44,283−2.0% | Reduced |
| Lazard Asset Management LLC | 2,129,524 | $33.3M | 0.04% | −151,613−6.6% | Reduced |
| Champlain Investment Partners, LLC | 1,922,716 | $30.1M | 0.23% | −30,773−1.6% | Reduced |
| Bank of New York Mellon Corp | 1,870,853 | $29.3M | 0.01% | +1,533,667+454.8% | Added |
| Manufacturers Life Insurance Company, The | 1,752,376 | $27.4M | 0.02% | −583,507−25.0% | Reduced |
| Loomis Sayles & Co L P | 1,726,365 | $27.0M | 0.03% | +582,351+50.9% | Added |
| GW&K Investment Management, LLC | 1,720,693 | $26.9M | 0.24% | −105,565−5.8% | Reduced |
| Granahan Investment Management Inc | 1,667,332 | $26.1M | 1.07% | +20,204+1.2% | Added |
| Marshall Wace, LLP | 1,641,205 | $25.7M | 0.03% | +438,096+36.4% | Added |
| Neuberger Berman Group LLC | 1,530,296 | $23.9M | 0.02% | −76,533−4.8% | Reduced |
| 12 West Capital Management LP | 1,490,701 | $23.3M | 2.42% | 00.0% | Unchanged |
| Citadel Advisors LLC | 1,476,702 | $23.1M | 0.02% | +1,476,702 | New |
| Goldman Sachs Group Inc | 1,396,899 | $21.8M | 0.00% | +1,147,583+460.3% | Added |
| Woodline Partners LP | 1,299,116 | $20.3M | 0.10% | +1,299,116 | New |
| Silvercrest Asset Management Group LLC | 1,276,470 | $20.0M | 0.13% | +614,254+92.8% | Added |
| Riverbridge Partners LLC | 1,188,534 | $18.6M | 0.31% | −91,010−7.1% | Reduced |
| Wellington Management Group LLP | 1,131,949 | $17.7M | 0.00% | +115,871+11.4% | Added |
| Penn Capital Management Co Inc | 1,125,353 | $17.6M | 1.36% | +119,462+11.9% | Added |
| Geode Capital Management, LLC | 1,080,809 | $16.9M | 0.00% | +58,057+5.7% | Added |
| MetLife Investment Management | 1,064,276 | $16.6M | 0.08% | +191,647+22.0% | Added |
| Federated Hermes, Inc. | 997,300 | $15.6M | 0.03% | +40,300+4.2% | Added |
| Franklin Resources Inc | 950,069 | $14.9M | 0.00% | +70,449+8.0% | Added |
| State Street Corp | 947,346 | $14.8M | 0.00% | +25,590+2.8% | Added |
| Stephens Investment Management Group LLC | 932,064 | $14.6M | 0.19% | +163,102+21.2% | Added |
| Brown Advisory Inc | 928,795 | $14.5M | 0.02% | −179,195−16.2% | Reduced |
| Paralel Advisors LLC | 900,000 | $14.1M | 0.55% | 00.0% | Unchanged |
| Bank of America Corp | 853,658 | $13.4M | 0.00% | +363,536+74.2% | Added |
| UBS Group AG | 828,335 | $13.0M | 0.00% | +59,419+7.7% | Added |
| Emerald Advisers, LLC | 821,090 | $12.8M | 0.41% | +436,252+113.4% | Added |
| Balyasny Asset Management LLC | 813,051 | $12.7M | 0.03% | +784,979+2,796.3% | Added |
| WCM Investment Management, LLC | 736,665 | $11.7M | 0.02% | −2660.0% | Reduced |
| Loup Funds, LLC | 724,714 | $11.3M | 4.51% | +93,662+14.8% | Added |
| Millennium Management LLC | 696,053 | $10.9M | 0.01% | +668,019+2,382.9% | Added |
| New York State Common Retirement Fund | 663,160 | $10.4M | 0.01% | +50,873+8.3% | Added |
| ArrowMark Colorado Holdings LLC | 607,992 | $9.51M | 0.18% | +35,860+6.3% | Added |
| Maverick Capital LtdSuperinvestorMaverick Capital | 514,259 | $8.04M | 0.11% | +236,184+84.9% | Added |
| Emerald Mutual Fund Advisers Trust | 498,226 | $7.79M | 0.40% | +239,688+92.7% | Added |
| Clearbridge Investments, LLC | 474,353 | $7.42M | 0.01% | +13,040+2.8% | Added |
| Northern Trust Corp | 472,815 | $7.39M | 0.00% | +15,462+3.4% | Added |
| Morgan Stanley | 455,413 | $7.12M | 0.00% | +163,210+55.9% | Added |
| Squarepoint Ops LLC | 391,318 | $6.12M | 0.01% | +304,681+351.7% | Added |
| Charles Schwab Investment Management Inc | 387,521 | $6.06M | 0.00% | +51,910+15.5% | Added |
| Mutual of America Capital Management LLC | 380,001 | $5.94M | 0.06% | −21,736−5.4% | Reduced |
| Jain Global LLC | 370,274 | $5.79M | 0.08% | +370,274 | New |
| Wasatch Advisors Inc | 369,694 | $5.78M | 0.03% | +18,100+5.1% | Added |
| Fred Alger Management, LLC | 365,105 | $5.71M | 0.02% | +365,105 | New |
| Avory & Company, LLC | 354,699 | $5.55M | 3.34% | +2,348+0.7% | Added |
| Russell Investments Group, Ltd. | 340,914 | $5.33M | 0.01% | +85,280+33.4% | Added |
| Allspring Global Investments Holdings, LLC | 335,249 | $5.24M | 0.01% | −9,976−2.9% | Reduced |
| Hudson Bay Capital Management LP | 315,597 | $4.94M | 0.03% | +315,597 | New |
| Kornitzer Capital Management Inc | 309,387 | $4.84M | 0.10% | −6,000−1.9% | Reduced |
| Manatuck Hill Partners, LLC | 295,000 | $4.61M | 1.57% | +95,000+47.5% | Added |
| SEI Investments Co | 162,108 | $2.54M | 0.00% | +23,736+17.2% | Added |
| First Trust Advisors LP | 161,274 | $2.52M | 0.00% | −35,351−18.0% | Reduced |
| Ghisallo Capital Management LLC | 160,893 | $2.52M | 0.08% | +160,893 | New |
| Ameriprise Financial Inc | 150,783 | $2.36M | 0.00% | −146,681−49.3% | Reduced |
| Hodges Capital Management Inc. | 142,934 | $2.24M | 0.19% | +142,934 | New |
| Raymond James Financial Inc | 135,489 | $2.12M | 0.00% | −2,253−1.6% | Reduced |
| Moody National Bank Trust Division | 119,917 | $1.88M | 0.16% | −550.0% | Reduced |
| Rice Hall James & Associates, LLC | 110,355 | $1.73M | 0.09% | −696−0.6% | Reduced |
| Diametric Capital, LP | 109,079 | $1.71M | 0.63% | +58,438+115.4% | Added |
| B. Metzler seel. Sohn & Co. AG | 105,917 | $1.66M | 0.01% | 00.0% | Unchanged |
| Sterling Capital Management LLC | 105,154 | $1.64M | 0.02% | +65,831+167.4% | Added |
| Barclays PLC | 101,493 | $1.59M | 0.00% | +20,265+24.9% | Added |
| Wells Fargo & Company | 100,505 | $1.57M | 0.00% | +8,226+8.9% | Added |
| Gsa Capital Partners LLP | 99,624 | $1.56M | 0.13% | −34,106−25.5% | Reduced |
| Royal Bank of Canada | 93,719 | $1.47M | 0.00% | −91,543−49.4% | Reduced |
| American Century Companies Inc | 91,653 | $1.43M | 0.00% | +19,487+27.0% | Added |
| ExodusPoint Capital Management, LP | 90,425 | $1.41M | 0.02% | +90,425 | New |
| Swiss National Bank | 88,700 | $1.39M | 0.00% | +13,000+17.2% | Added |
| LPL Financial LLC | 88,572 | $1.39M | 0.00% | −14,446−14.0% | Reduced |
| Landscape Capital Management, L.L.C. | 84,540 | $1.32M | 0.08% | +84,540 | New |
| Susquehanna International Group, LLP | 83,976 | $1.31M | 0.00% | −27,841−24.9% | Reduced |
| Man Group plc | 83,091 | $1.30M | 0.00% | +83,091 | New |
| Wesbanco Bank Inc | 79,699 | $1.25M | 0.03% | 00.0% | Unchanged |
| Arkadios Wealth Advisors | 79,503 | $1.24M | 0.03% | +2,642+3.4% | Added |
| Blueshift Asset Management, LLC | 76,261 | $1.19M | 0.37% | +76,261 | New |
| Ancora Advisors, LLC | 75,610 | $1.18M | 0.02% | +35,400+88.0% | Added |
| Accurate Wealth Management, LLC | 66,696 | $1.17M | 0.16% | +78+0.1% | Added |
| Qube Research & Technologies Ltd | 72,885 | $1.14M | 0.00% | +72,885 | New |
| Jane Street Group, LLC | 72,879 | $1.14M | 0.00% | +50,664+228.1% | Added |
| Envestnet Asset Management Inc | 70,389 | $1.10M | 0.00% | +15,091+27.3% | Added |
| Invesco Ltd. | 68,061 | $1.06M | 0.00% | +9,824+16.9% | Added |
| Dark Forest Capital Management LP | 67,318 | $1.05M | 0.04% | +67,318 | New |
| Nuveen, LLC | 65,460 | $1.02M | 0.00% | +4,243+6.9% | Added |
| UBS Asset Management Americas Inc | 64,007 | $1.00M | 0.00% | −358,637−84.9% | Reduced |
| Rhumbline Advisers | 61,012 | $954.2K | 0.00% | −12,870−17.4% | Reduced |
| Legal & General Group Plc | 56,676 | $886.4K | 0.00% | +11,145+24.5% | Added |
| Victory Capital Management Inc | 55,200 | $863.3K | 0.00% | +14,450+35.5% | Added |
| Vancity Investment Management Ltd | 47,702 | $746.0K | 0.10% | −3,131−6.2% | Reduced |
| California State Teachers Retirement System | 45,260 | $707.9K | 0.00% | +8,806+24.2% | Added |
| Prelude Capital Management, LLC | 41,466 | $648.5K | 0.05% | +21,653+109.3% | Added |
| Verition Fund Management LLC | 40,831 | $638.6K | 0.00% | +17,333+73.8% | Added |
| SG Americas Securities, LLC | 39,220 | $613.0K | 0.00% | +19,051+94.5% | Added |