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, Q4 2025
Institutional positions in First Watch Restaurant Group, Inc. as of Dec 31, 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
- 208
- +24 vs. Q3 2025
- Shares held
- 70.4M
- −4.14M (−5.6%) vs. Q3 2025
- Total value
- $1.06B
- −$104.4M (−9.0%) vs. Q3 2025
- New holders
- 45
- 93 more added
- Sold out
- 21
- 58 more reduced
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding First Watch Restaurant Group, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| FMR LLC | 5,399,098 | $81.4M | 0.00% | +2,854,997+112.2% | Added |
| BlackRock, Inc. | 3,728,708 | $56.2M | 0.00% | +608,508+19.5% | Added |
| Vanguard Group Inc | 3,320,929 | $50.1M | 0.00% | +432,634+15.0% | Added |
| Neuberger Berman Group LLC | 3,109,660 | $46.9M | 0.03% | +1,579,364+103.2% | Added |
| Dimensional Fund Advisors LP | 2,576,182 | $38.8M | 0.01% | +133,402+5.5% | Added |
| Woodline Partners LP | 2,137,899 | $32.2M | 0.12% | +838,783+64.6% | Added |
| Gilder Gagnon Howe & Co LLC | 2,081,672 | $31.4M | 0.33% | −64,137−3.0% | Reduced |
| GW&K Investment Management, LLC | 2,032,631 | $30.7M | 0.27% | +311,938+18.1% | Added |
| Bank of New York Mellon Corp | 2,011,613 | $30.3M | 0.01% | +140,760+7.5% | Added |
| JPMorgan Chase & Co | 1,882,671 | $28.4M | 0.00% | −2,071,865−52.4% | Reduced |
| Loomis Sayles & Co L P | 1,857,812 | $28.0M | 0.03% | +131,447+7.6% | Added |
| Manufacturers Life Insurance Company, The | 1,850,876 | $27.9M | 0.02% | +98,500+5.6% | Added |
| Lazard Asset Management LLC | 1,626,821 | $24.5M | 0.04% | −502,703−23.6% | Reduced |
| Granahan Investment Management Inc | 1,451,237 | $21.9M | 0.94% | −216,095−13.0% | Reduced |
| Stephens Investment Management Group LLC | 1,367,051 | $20.6M | 0.27% | +434,987+46.7% | Added |
| Geode Capital Management, LLC | 1,202,460 | $18.1M | 0.00% | +121,651+11.3% | Added |
| Silvercrest Asset Management Group LLC | 1,181,594 | $17.8M | 0.12% | −94,876−7.4% | Reduced |
| Champlain Investment Partners, LLC | 1,137,880 | $17.2M | 0.17% | −784,836−40.8% | Reduced |
| Penn Capital Management Co Inc | 1,131,552 | $17.1M | 1.36% | +6,199+0.6% | Added |
| Riverbridge Partners LLC | 1,096,029 | $16.5M | 0.31% | −92,505−7.8% | Reduced |
| State Street Corp | 1,092,886 | $16.5M | 0.00% | +145,540+15.4% | Added |
| Goldman Sachs Group Inc | 1,081,055 | $16.3M | 0.00% | −315,844−22.6% | Reduced |
| 12 West Capital Management LP | 1,070,701 | $16.1M | 1.92% | −420,000−28.2% | Reduced |
| MetLife Investment Management | 1,069,955 | $16.1M | 0.08% | +5,679+0.5% | Added |
| Wellington Management Group LLP | 1,069,506 | $16.1M | 0.00% | −62,443−5.5% | Reduced |
| Franklin Resources Inc | 1,047,439 | $15.8M | 0.00% | +97,370+10.2% | Added |
| Fred Alger Management, LLC | 1,036,560 | $15.6M | 0.06% | +671,455+183.9% | Added |
| Emerald Advisers, LLC | 978,408 | $14.8M | 0.45% | +157,318+19.2% | Added |
| Citadel Advisors LLC | 931,728 | $14.1M | 0.01% | −544,974−36.9% | Reduced |
| Federated Hermes, Inc. | 912,000 | $13.8M | 0.02% | −85,300−8.6% | Reduced |
| UBS Group AG | 909,250 | $13.7M | 0.00% | +80,915+9.8% | Added |
| Paralel Advisors LLC | 900,000 | $13.6M | 0.53% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 706,138 | $10.6M | 0.01% | +42,978+6.5% | Added |
| Hodges Capital Management Inc. | 693,341 | $10.5M | 0.90% | +550,407+385.1% | Added |
| Russell Investments Group, Ltd. | 688,715 | $10.4M | 0.01% | +347,801+102.0% | Added |
| Bank of America Corp | 595,450 | $8.98M | 0.00% | −258,208−30.2% | Reduced |
| ArrowMark Colorado Holdings LLC | 588,565 | $8.88M | 0.20% | −19,427−3.2% | Reduced |
| Loup Funds, LLC | 576,166 | $8.69M | 2.53% | −148,548−20.5% | Reduced |
| Emerald Mutual Fund Advisers Trust | 569,418 | $8.59M | 0.42% | +71,192+14.3% | Added |
| Morgan Stanley | 530,690 | $8.00M | 0.00% | +75,277+16.5% | Added |
| Marshall Wace, LLP | 527,692 | $7.96M | 0.01% | −1,113,513−67.8% | Reduced |
| Northern Trust Corp | 488,979 | $7.37M | 0.00% | +16,164+3.4% | Added |
| Squarepoint Ops LLC | 464,901 | $7.01M | 0.01% | +73,583+18.8% | Added |
| Manatuck Hill Partners, LLC | 459,900 | $6.94M | 2.43% | +164,900+55.9% | Added |
| Wasatch Advisors Inc | 451,868 | $6.81M | 0.04% | +82,174+22.2% | Added |
| Clearbridge Investments, LLC | 439,682 | $6.63M | 0.01% | −34,671−7.3% | Reduced |
| Qube Research & Technologies Ltd | 433,912 | $6.54M | 0.01% | +361,027+495.3% | Added |
| Charles Schwab Investment Management Inc | 411,754 | $6.21M | 0.00% | +24,233+6.3% | Added |
| Mutual of America Capital Management LLC | 383,960 | $5.79M | 0.06% | +3,959+1.0% | Added |
| Allspring Global Investments Holdings, LLC | 340,456 | $5.23M | 0.01% | +5,207+1.6% | Added |
| Avory & Company, LLC | 334,209 | $5.04M | 3.24% | −20,490−5.8% | Reduced |
| Kornitzer Capital Management Inc | 309,387 | $4.67M | 0.10% | 00.0% | Unchanged |
| ExodusPoint Capital Management, LP | 290,791 | $4.39M | 0.05% | +200,366+221.6% | Added |
| Wells Fargo & Company | 262,232 | $3.95M | 0.00% | +161,727+160.9% | Added |
| Ancora Advisors, LLC | 256,019 | $3.86M | 0.08% | +180,409+238.6% | Added |
| Ameriprise Financial Inc | 242,776 | $3.66M | 0.00% | +91,993+61.0% | Added |
| SEI Investments Co | 238,693 | $3.60M | 0.00% | +76,585+47.2% | Added |
| Brown Advisory Inc | 228,460 | $3.45M | 0.00% | −700,335−75.4% | Reduced |
| First Trust Advisors LP | 214,816 | $3.24M | 0.00% | +53,542+33.2% | Added |
| Ranger Investment Management, L.P. | 176,250 | $2.66M | 0.18% | +176,250 | New |
| Rice Hall James & Associates, LLC | 134,599 | $2.03M | 0.11% | +24,244+22.0% | Added |
| Royce & Associates LP | 133,000 | $2.01M | 0.02% | +133,000 | New |
| Man Group plc | 124,027 | $1.87M | 0.00% | +40,936+49.3% | Added |
| Swiss National Bank | 108,300 | $1.63M | 0.00% | +19,600+22.1% | Added |
| Diametric Capital, LP | 107,920 | $1.63M | 0.44% | −1,159−1.1% | Reduced |
| Sterling Capital Management LLC | 105,404 | $1.59M | 0.03% | +250+0.2% | Added |
| Moody National Bank Trust Division | 101,972 | $1.54M | 0.15% | −17,945−15.0% | Reduced |
| American Century Companies Inc | 98,416 | $1.48M | 0.00% | +6,763+7.4% | Added |
| LPL Financial LLC | 95,538 | $1.44M | 0.00% | +6,966+7.9% | Added |
| Envestnet Asset Management Inc | 92,353 | $1.39M | 0.00% | +21,964+31.2% | Added |
| PEAK6 LLC | 92,006 | $1.39M | 0.02% | +92,006 | New |
| Invesco Ltd. | 89,637 | $1.35M | 0.00% | +21,576+31.7% | Added |
| Two Sigma Investments, LP | 86,090 | $1.30M | 0.00% | +48,297+127.8% | Added |
| Barclays PLC | 85,916 | $1.30M | 0.00% | −15,577−15.3% | Reduced |
| Raymond James Financial Inc | 82,533 | $1.24M | 0.00% | −52,956−39.1% | Reduced |
| Wesbanco Bank Inc | 79,699 | $1.20M | 0.03% | 00.0% | Unchanged |
| XTX Topco Ltd | 76,662 | $1.16M | 0.03% | +76,662 | New |
| Lotus Technology Management, LP | 75,725 | $1.14M | 0.63% | +75,725 | New |
| VARCOV Co. | 74,782 | $1.13M | 0.45% | +74,782 | New |
| Nuveen, LLC | 74,480 | $1.12M | 0.00% | +9,020+13.8% | Added |
| Two Sigma Advisers, LP | 74,400 | $1.12M | 0.00% | +54,200+268.3% | Added |
| UBS Asset Management Americas Inc | 74,199 | $1.12M | 0.00% | +10,192+15.9% | Added |
| Arkadios Wealth Advisors | 73,496 | $1.11M | 0.02% | −6,007−7.6% | Reduced |
| STRS Ohio | 69,400 | $1.05M | 0.00% | +69,400 | New |
| Brevan Howard Capital Management LP | 66,777 | $1.01M | 0.02% | +40,733+156.4% | Added |
| Jefferies Financial Group Inc. | 65,000 | $980.2K | 0.01% | +65,000 | New |
| Accurate Wealth Management, LLC | 59,220 | $922.0K | 0.12% | −7,476−11.2% | Reduced |
| Captrust Financial Advisors | 60,377 | $910.5K | 0.00% | +26,052+75.9% | Added |
| Rhumbline Advisers | 58,659 | $884.6K | 0.00% | −2,353−3.9% | Reduced |
| Millennium Management LLC | 57,258 | $863.5K | 0.00% | −638,795−91.8% | Reduced |
| Victory Capital Management Inc | 57,000 | $859.6K | 0.00% | +1,800+3.3% | Added |
| Natixis Advisors, L.P. | 49,777 | $751.0K | 0.00% | +19,222+62.9% | Added |
| Legal & General Group Plc | 49,599 | $748.0K | 0.00% | −7,077−12.5% | Reduced |
| Alliancebernstein L.P. | 49,360 | $744.3K | 0.00% | +13,300+36.9% | Added |
| Oppenheimer Asset Management Inc. | 46,872 | $706.8K | 0.01% | +16,164+52.6% | Added |
| California State Teachers Retirement System | 46,092 | $695.1K | 0.00% | +832+1.8% | Added |
| Cerity Partners LLC | 45,793 | $690.6K | 0.00% | +45,793 | New |
| Deutsche Bank AG | 45,108 | $680.2K | 0.00% | +8,622+23.6% | Added |
| Vancity Investment Management Ltd | 44,118 | $665.0K | 0.09% | −3,584−7.5% | Reduced |
| NBC Securities, Inc. | 41,461 | $625.2K | 0.05% | +37,622+980.0% | Added |