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
- 72.6M
- +2.94M (+4.2%) vs. Q2 2025
- Total value
- $1.14B
- +$18.2M (+1.6%) 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 | $709.0M |
| Q4 2025 | 208 | $1.06B |
| Q3 2025 | 184 | $1.14B |
| Q2 2025 | 166 | $1.12B |
| Q1 2025 | 157 | $1.18B |
| Q4 2024 | 154 | $1.27B |
| Q3 2024 | 135 | $1.02B |
| Q2 2024 | 137 | $1.15B |
| Q1 2024 | 146 | $1.55B |
| Q4 2023 | 120 | $1.21B |
| Q3 2023 | 125 | $1.03B |
| Q2 2023 | 114 | $966.6M |
| Q1 2023 | 100 | $913.7M |
| 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 |
|---|---|---|---|---|---|
| Ancora Advisors, LLC | 75,610 | $1.18M | 0.02% | +35,400+88.0% | Added |
| Blueshift Asset Management, LLC | 76,261 | $1.19M | 0.37% | +76,261 | New |
| Arkadios Wealth Advisors | 79,503 | $1.24M | 0.03% | +2,642+3.4% | Added |
| Wesbanco Bank Inc | 79,699 | $1.25M | 0.03% | 00.0% | Unchanged |
| Man Group plc | 83,091 | $1.30M | 0.00% | +83,091 | New |
| Susquehanna International Group, LLP | 83,976 | $1.31M | 0.00% | −27,841−24.9% | Reduced |
| Landscape Capital Management, L.L.C. | 84,540 | $1.32M | 0.08% | +84,540 | New |
| LPL Financial LLC | 88,572 | $1.39M | 0.00% | −14,446−14.0% | Reduced |
| Swiss National Bank | 88,700 | $1.39M | 0.00% | +13,000+17.2% | Added |
| ExodusPoint Capital Management, LP | 90,425 | $1.41M | 0.02% | +90,425 | New |
| American Century Companies Inc | 91,653 | $1.43M | 0.00% | +19,487+27.0% | Added |
| Royal Bank of Canada | 93,719 | $1.47M | 0.00% | +1,088+1.2% | Added |
| Gsa Capital Partners LLP | 99,624 | $1.56M | 0.13% | −34,106−25.5% | Reduced |
| Wells Fargo & Company | 100,505 | $1.57M | 0.00% | +8,226+8.9% | Added |
| Barclays PLC | 101,493 | $1.59M | 0.00% | +20,265+24.9% | Added |
| Sterling Capital Management LLC | 105,154 | $1.64M | 0.02% | +65,831+167.4% | Added |
| B. Metzler seel. Sohn & Co. AG | 105,917 | $1.66M | 0.01% | 00.0% | Unchanged |
| Diametric Capital, LP | 109,079 | $1.71M | 0.63% | +58,438+115.4% | Added |
| Rice Hall James & Associates, LLC | 110,355 | $1.73M | 0.09% | −696−0.6% | Reduced |
| Moody National Bank Trust Division | 119,917 | $1.88M | 0.16% | −550.0% | Reduced |
| Raymond James Financial Inc | 135,489 | $2.12M | 0.00% | −2,253−1.6% | Reduced |
| Hodges Capital Management Inc. | 142,934 | $2.24M | 0.19% | +142,934 | New |
| Ameriprise Financial Inc | 150,783 | $2.36M | 0.00% | −146,681−49.3% | Reduced |
| Ghisallo Capital Management LLC | 160,893 | $2.52M | 0.08% | +160,893 | New |
| First Trust Advisors LP | 161,274 | $2.52M | 0.00% | −35,351−18.0% | Reduced |
| SEI Investments Co | 162,108 | $2.54M | 0.00% | +23,736+17.2% | Added |
| Manatuck Hill Partners, LLC | 295,000 | $4.61M | 1.57% | +95,000+47.5% | Added |
| Kornitzer Capital Management Inc | 309,387 | $4.84M | 0.10% | −6,000−1.9% | Reduced |
| Hudson Bay Capital Management LP | 315,597 | $4.94M | 0.03% | +315,597 | New |
| Allspring Global Investments Holdings, LLC | 335,249 | $5.24M | 0.01% | −9,976−2.9% | Reduced |
| Russell Investments Group, Ltd. | 340,914 | $5.33M | 0.01% | +85,280+33.4% | Added |
| Avory & Company, LLC | 354,699 | $5.55M | 3.34% | +2,348+0.7% | Added |
| Fred Alger Management, LLC | 365,105 | $5.71M | 0.02% | +365,105 | New |
| Wasatch Advisors Inc | 369,694 | $5.78M | 0.03% | +18,100+5.1% | Added |
| Jain Global LLC | 370,274 | $5.79M | 0.08% | +370,274 | New |
| Mutual of America Capital Management LLC | 380,001 | $5.94M | 0.06% | −21,736−5.4% | Reduced |
| Charles Schwab Investment Management Inc | 387,521 | $6.06M | 0.00% | +51,910+15.5% | Added |
| Squarepoint Ops LLC | 391,318 | $6.12M | 0.01% | +304,681+351.7% | Added |
| Morgan Stanley | 455,413 | $7.12M | 0.00% | +163,210+55.9% | Added |
| Northern Trust Corp | 472,815 | $7.39M | 0.00% | +15,462+3.4% | Added |
| Clearbridge Investments, LLC | 474,353 | $7.42M | 0.01% | +13,040+2.8% | Added |
| Emerald Mutual Fund Advisers Trust | 498,226 | $7.79M | 0.40% | +239,688+92.7% | Added |
| Maverick Capital LtdSuperinvestorMaverick Capital | 514,259 | $8.04M | 0.11% | +236,184+84.9% | Added |
| ArrowMark Colorado Holdings LLC | 607,992 | $9.51M | 0.18% | +35,860+6.3% | Added |
| New York State Common Retirement Fund | 663,160 | $10.4M | 0.01% | +50,873+8.3% | Added |
| Millennium Management LLC | 696,053 | $10.9M | 0.01% | +668,019+2,382.9% | Added |
| Loup Funds, LLC | 724,714 | $11.3M | 4.51% | +93,662+14.8% | Added |
| WCM Investment Management, LLC | 736,665 | $11.7M | 0.02% | −2660.0% | Reduced |
| Balyasny Asset Management LLC | 813,051 | $12.7M | 0.03% | +784,979+2,796.3% | Added |
| Emerald Advisers, LLC | 821,090 | $12.8M | 0.41% | +436,252+113.4% | Added |
| UBS Group AG | 828,335 | $13.0M | 0.00% | +59,419+7.7% | Added |
| Bank of America Corp | 853,658 | $13.4M | 0.00% | +363,536+74.2% | Added |
| Paralel Advisors LLC | 900,000 | $14.1M | 0.55% | 00.0% | Unchanged |
| Brown Advisory Inc | 928,795 | $14.5M | 0.02% | −179,195−16.2% | Reduced |
| Stephens Investment Management Group LLC | 932,064 | $14.6M | 0.19% | +163,102+21.2% | Added |
| State Street Corp | 947,346 | $14.8M | 0.00% | +25,590+2.8% | Added |
| Franklin Resources Inc | 950,069 | $14.9M | 0.00% | +70,449+8.0% | Added |
| Federated Hermes, Inc. | 997,300 | $15.6M | 0.03% | +40,300+4.2% | Added |
| MetLife Investment Management | 1,064,276 | $16.6M | 0.08% | +191,647+22.0% | Added |
| Geode Capital Management, LLC | 1,080,809 | $16.9M | 0.00% | +58,057+5.7% | Added |
| Penn Capital Management Co Inc | 1,125,353 | $17.6M | 1.36% | +119,462+11.9% | Added |
| Wellington Management Group LLP | 1,131,949 | $17.7M | 0.00% | +115,871+11.4% | Added |
| Riverbridge Partners LLC | 1,188,534 | $18.6M | 0.31% | −91,010−7.1% | Reduced |
| Silvercrest Asset Management Group LLC | 1,276,470 | $20.0M | 0.13% | +614,254+92.8% | Added |
| Woodline Partners LP | 1,299,116 | $20.3M | 0.10% | +1,299,116 | New |
| Goldman Sachs Group Inc | 1,396,899 | $21.8M | 0.00% | +1,147,583+460.3% | Added |
| Citadel Advisors LLC | 1,476,702 | $23.1M | 0.02% | +1,476,702 | New |
| 12 West Capital Management LP | 1,490,701 | $23.3M | 2.42% | 00.0% | Unchanged |
| Neuberger Berman Group LLC | 1,530,296 | $23.9M | 0.02% | −76,533−4.8% | Reduced |
| Marshall Wace, LLP | 1,641,205 | $25.7M | 0.03% | +438,096+36.4% | Added |
| Granahan Investment Management Inc | 1,667,332 | $26.1M | 1.07% | +20,204+1.2% | Added |
| GW&K Investment Management, LLC | 1,720,693 | $26.9M | 0.24% | −105,565−5.8% | Reduced |
| Loomis Sayles & Co L P | 1,726,365 | $27.0M | 0.03% | +582,351+50.9% | Added |
| Manufacturers Life Insurance Company, The | 1,752,376 | $27.4M | 0.02% | −583,507−25.0% | Reduced |
| Bank of New York Mellon Corp | 1,870,853 | $29.3M | 0.01% | +1,533,667+454.8% | Added |
| Champlain Investment Partners, LLC | 1,922,716 | $30.1M | 0.23% | −30,773−1.6% | Reduced |
| JPMorgan Chase & Co | 1,977,268 | $30.9M | 0.00% | −236,486−10.7% | Reduced |
| Lazard Asset Management LLC | 2,129,524 | $33.3M | 0.04% | −151,613−6.6% | Reduced |
| Gilder Gagnon Howe & Co LLC | 2,145,809 | $33.6M | 0.34% | −44,283−2.0% | Reduced |
| Dimensional Fund Advisors LP | 2,442,780 | $38.2M | 0.01% | +69,415+2.9% | Added |
| FMR LLC | 2,544,101 | $39.8M | 0.00% | +398,740+18.6% | Added |
| Vanguard Group Inc | 2,888,295 | $45.2M | 0.00% | +443,830+18.2% | Added |
| BlackRock, Inc. | 3,120,200 | $48.8M | 0.00% | +226,039+7.8% | Added |
| Advent International Corp | 5,289,784 | $82.7M | 1.67% | −9,400,000−64.0% | Reduced |
| Armistice Capital, LLC | 0 | $0 | 0.00% | −350,000−100.0% | Sold out |
| Versor Investments LP | 0 | $0 | 0.00% | −47,200−100.0% | Sold out |
| Catalyst Funds Management Pty Ltd | 0 | $0 | 0.00% | −19,100−100.0% | Sold out |
| Winton Group Ltd | 0 | $0 | 0.00% | −18,593−100.0% | Sold out |
| Voya Investment Management LLC | 0 | $0 | 0.00% | −11,090−100.0% | Sold out |
| Wealth Alliance | 0 | $0 | 0.00% | −10,093−100.0% | Sold out |
| Stifel Financial Corp | 0 | $0 | 0.00% | −10,043−100.0% | Sold out |
| Accent Capital Management, LLC | 0 | $0 | 0.00% | −1,500−100.0% | Sold out |
| Park Place Capital Corp | 0 | $0 | 0.00% | −390−100.0% | Sold out |
| Briaud Financial Planning, Inc | 0 | $0 | 0.00% | −395−100.0% | Sold out |
| IFP Advisors, Inc | 0 | $0 | 0.00% | 0 | Sold out |
| Geneos Wealth Management Inc. | 0 | $0 | 0.00% | −78−100.0% | Sold out |
| First Horizon Advisors, Inc. | – | – | – | – | Not filed |