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 |
|---|---|---|---|---|---|
| Two Sigma Investments, LP | 37,793 | $591.1K | 0.00% | −73,250−66.0% | Reduced |
| Dynamic Technology Lab Private Ltd | 36,700 | $574.0K | 0.10% | −51,853−58.6% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 36,629 | $572.9K | 0.00% | +14,072+62.4% | Added |
| Deutsche Bank AG | 36,486 | $570.6K | 0.00% | +3,972+12.2% | Added |
| Alliancebernstein L.P. | 36,060 | $564.0K | 0.00% | 00.0% | Unchanged |
| Captrust Financial Advisors | 34,325 | $536.8K | 0.00% | +353+1.0% | Added |
| Bessemer Group Inc | 33,609 | $526.0K | 0.00% | 00.0% | Unchanged |
| Oppenheimer Asset Management Inc. | 30,708 | $480.3K | 0.01% | +7,749+33.8% | Added |
| Natixis Advisors, L.P. | 30,555 | $478.0K | 0.00% | +14,727+93.0% | Added |
| Walleye Capital LLC | 27,000 | $422.3K | 0.00% | +27,000 | New |
| Brevan Howard Capital Management LP | 26,044 | $407.3K | 0.01% | −13,150−33.6% | Reduced |
| Rocky Mountain Advisers, LLC | 26,020 | $407.0K | 0.12% | −1,375−5.0% | Reduced |
| White Pine Capital LLC | 25,356 | $396.6K | 0.11% | −60.0% | Reduced |
| Commerce Bank | 25,260 | $395.1K | 0.00% | −1,365−5.1% | Reduced |
| Price T Rowe Associates Inc | 24,329 | $381.0K | 0.00% | +3,915+19.2% | Added |
| The PNC Financial Services Group, Inc. | 23,016 | $360.0K | 0.00% | +934+4.2% | Added |
| Simplex Trading, LLC | 22,637 | $354.0K | 0.01% | +8,630+61.6% | Added |
| Diversified Trust Co | 21,800 | $341.0K | 0.01% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 21,093 | $329.9K | 0.00% | −1,024−4.6% | Reduced |
| BNP Paribas Arbitrage, SA | 20,737 | $324.3K | 0.00% | +16,362+374.0% | Added |
| Two Sigma Advisers, LP | 20,200 | $315.9K | 0.00% | −2,600−11.4% | Reduced |
| Magnetar Financial LLC | 18,879 | $295.3K | 0.00% | +18,879 | New |
| Atria Investments LLC | 18,583 | $290.6K | 0.00% | −3,840−17.1% | Reduced |
| Citigroup Inc | 18,114 | $283.3K | 0.00% | −3,322−15.5% | Reduced |
| Boothbay Fund Management, LLC | 17,705 | $276.9K | 0.01% | +17,705 | New |
| Janus Henderson Group PLC | 16,969 | $265.3K | 0.00% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 16,400 | $256.5K | 0.00% | 00.0% | Unchanged |
| Sumitomo Mitsui Trust Holdings, Inc. | 16,070 | $251.3K | 0.00% | 00.0% | Unchanged |
| ProShare Advisors LLC | 15,522 | $242.8K | 0.00% | +15,522 | New |
| Canada Pension Plan Investment Board | 15,300 | $239.3K | 0.00% | +1,500+10.9% | Added |
| Intech Investment Management LLC | 14,435 | $225.8K | 0.00% | −1,294−8.2% | Reduced |
| Arizona State Retirement System | 13,518 | $211.4K | 0.00% | +1,974+17.1% | Added |
| Capital Management Associates, Inc | 13,023 | $203.7K | 0.06% | 00.0% | Unchanged |
| Bailard, Inc. | 12,800 | $200.2K | 0.00% | 00.0% | Unchanged |
| Trexquant Investment LP | 12,671 | $198.2K | 0.00% | +12,671 | New |
| Caxton Associates LLP | 12,085 | $189.0K | 0.01% | +12,085 | New |
| Engineers Gate Manager LP | 11,825 | $184.9K | 0.00% | −11,814−50.0% | Reduced |
| Fiduciary Trust Co | 11,797 | $184.5K | 0.00% | 00.0% | Unchanged |
| Police & Firemen's Retirement System of New Jersey | 11,290 | $176.6K | 0.00% | +2,182+24.0% | Added |
| LVW Advisors, LLC | 10,471 | $163.8K | 0.02% | −342−3.2% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 9,807 | $153.4K | 0.00% | 00.0% | Unchanged |
| Harbor Capital Advisors, Inc. | 9,415 | $147.0K | 0.01% | −3,252−25.7% | Reduced |
| Comerica Bank | 8,577 | $134.1K | 0.00% | +1,991+30.2% | Added |
| Aquatic Capital Management LLC | 4,970 | $77.7K | 0.00% | −38,050−88.4% | Reduced |
| US Bancorp | 4,923 | $77.0K | 0.00% | −887−15.3% | Reduced |
| Ameritas Investment Partners, Inc. | 3,885 | $60.8K | 0.00% | 00.0% | Unchanged |
| 1620 Investment Advisors, Inc. | 3,859 | $60.4K | 0.04% | +65+1.7% | Added |
| NBC Securities, Inc. | 3,839 | $60.0K | 0.00% | +3,839 | New |
| Tower Research Capital LLC (TRC) | 3,759 | $58.8K | 0.00% | −3,518−48.3% | Reduced |
| Assetmark, Inc | 2,960 | $46.3K | 0.00% | 00.0% | Unchanged |
| Advisor Group Holdings, Inc. | 2,251 | $42.1K | 0.00% | +250+12.5% | Added |
| Jones Financial Companies LLLP | 1,850 | $29.6K | 0.00% | +1,850 | New |
| Sunbelt Securities, Inc. | 1,742 | $27.2K | 0.00% | −618−26.2% | Reduced |
| Fifth Third Bancorp | 1,696 | $26.5K | 0.00% | +2+0.1% | Added |
| Amalgamated Bank | 1,324 | $21.0K | 0.00% | 00.0% | Unchanged |
| Caldwell Trust Co | 1,200 | $18.8K | 0.00% | 00.0% | Unchanged |
| Highline Wealth Partners LLC | 1,000 | $15.6K | 0.00% | +1,000 | New |
| Quarry LP | 984 | $15.4K | 0.00% | +984 | New |
| Quadrant Capital Group LLC | 552 | $8.63K | 0.00% | +552 | New |
| Huntington National Bank | 457 | $7.15K | 0.00% | −17−3.6% | Reduced |
| Nisa Investment Advisors, LLC | 398 | $6.22K | 0.00% | +29+7.9% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 302 | $5.00K | 0.00% | 00.0% | Unchanged |
| CWM, LLC | 317 | $5.00K | 0.00% | +145+84.3% | Added |
| Mather Group, LLC. | 300 | $4.69K | 0.00% | +300 | New |
| Private Trust Co NA | 281 | $4.39K | 0.00% | 00.0% | Unchanged |
| Optiver Holding B.V. | 258 | $4.04K | 0.00% | +258 | New |
| Quest Partners LLC | 247 | $3.86K | 0.00% | +247 | New |
| GAMMA Investing LLC | 224 | $3.50K | 0.00% | +102+83.6% | Added |
| Fourth Dimension Wealth, LLC | 200 | $3.13K | 0.00% | 00.0% | Unchanged |
| Global Retirement Partners, LLC | 136 | $2.13K | 0.00% | 00.0% | Unchanged |
| SRS Capital Advisors, Inc. | 126 | $1.97K | 0.00% | +86+215.0% | Added |
| Farther Finance Advisors, LLC | 110 | $1.72K | 0.00% | +10+10.0% | Added |
| WPG Advisers, LLC | 103 | $1.61K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 99 | $1.55K | 0.00% | 00.0% | Unchanged |
| Steward Partners Investment Advisory, LLC | 77 | $1.20K | 0.00% | −1,073−93.3% | Reduced |
| Smartleaf Asset Management LLC | 70 | $1.11K | 0.00% | +35+100.0% | Added |
| Rothschild Investment LLC | 70 | $1.09K | 0.00% | 00.0% | Unchanged |
| Northwestern Mutual Wealth Management Co | 33 | $516 | 0.00% | +33 | New |
| Fortitude Family Office, LLC | 17 | $266 | 0.00% | 00.0% | Unchanged |
| Advisory Services Network, LLC | 8 | $125 | 0.00% | +8 | New |
| Allworth Financial LP | 2 | $32 | 0.00% | +2 | New |
| SBI Securities Co., Ltd. | 2 | $31 | 0.00% | −34−94.4% | Reduced |
| Essential Partners LLC | 1 | $16 | 0.00% | +1 | New |
| Covestor Ltd | 5 | $0 | 0.00% | 00.0% | Unchanged |
| 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 |