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
- −2.21M (−3.0%) vs. Q3 2025
- Total value
- $1.06B
- −$74.2M (−6.5%) 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 | $709.0M |
| 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, 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 |
|---|---|---|---|---|---|
| Engineers Gate Manager LP | 34,830 | $525.2K | 0.01% | +23,005+194.5% | Added |
| Royal Bank of Canada | 35,783 | $540.0K | 0.00% | −57,936−61.8% | Reduced |
| Magnetar Financial LLC | 37,609 | $567.1K | 0.01% | +18,730+99.2% | Added |
| First Dallas Securities Inc. | 39,000 | $588.1K | 0.22% | +39,000 | New |
| Susquehanna International Group, LLP | 39,035 | $588.6K | 0.00% | −44,941−53.5% | Reduced |
| Canada Pension Plan Investment Board | 39,700 | $598.7K | 0.00% | +24,400+159.5% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 40,407 | $609.3K | 0.00% | +3,778+10.3% | Added |
| Jane Street Group, LLC | 40,602 | $612.3K | 0.00% | −32,277−44.3% | Reduced |
| NBC Securities, Inc. | 41,461 | $625.2K | 0.05% | +37,622+980.0% | Added |
| Vancity Investment Management Ltd | 44,118 | $665.0K | 0.09% | −3,584−7.5% | Reduced |
| Deutsche Bank AG | 45,108 | $680.2K | 0.00% | +8,622+23.6% | Added |
| Cerity Partners LLC | 45,793 | $690.6K | 0.00% | +45,793 | New |
| PEAK6 LLC | 46,003 | $693.7K | 0.02% | +46,003 | New |
| California State Teachers Retirement System | 46,092 | $695.1K | 0.00% | +832+1.8% | Added |
| Oppenheimer Asset Management Inc. | 46,872 | $706.8K | 0.01% | +16,164+52.6% | Added |
| Alliancebernstein L.P. | 49,360 | $744.3K | 0.00% | +13,300+36.9% | Added |
| Legal & General Group Plc | 49,599 | $748.0K | 0.00% | −7,077−12.5% | Reduced |
| Natixis Advisors, L.P. | 49,777 | $751.0K | 0.00% | +19,222+62.9% | Added |
| Victory Capital Management Inc | 57,000 | $859.6K | 0.00% | +1,800+3.3% | Added |
| Millennium Management LLC | 57,258 | $863.5K | 0.00% | −638,795−91.8% | Reduced |
| Rhumbline Advisers | 58,659 | $884.6K | 0.00% | −2,353−3.9% | Reduced |
| Captrust Financial Advisors | 60,377 | $910.5K | 0.00% | +26,052+75.9% | Added |
| Accurate Wealth Management, LLC | 59,220 | $922.0K | 0.12% | −7,476−11.2% | Reduced |
| Jefferies Financial Group Inc. | 65,000 | $980.2K | 0.01% | +65,000 | New |
| Brevan Howard Capital Management LP | 66,777 | $1.01M | 0.02% | +40,733+156.4% | Added |
| STRS Ohio | 69,400 | $1.05M | 0.00% | +69,400 | New |
| Arkadios Wealth Advisors | 73,496 | $1.11M | 0.02% | −6,007−7.6% | Reduced |
| UBS Asset Management Americas Inc | 74,199 | $1.12M | 0.00% | +10,192+15.9% | Added |
| Two Sigma Advisers, LP | 74,400 | $1.12M | 0.00% | +54,200+268.3% | Added |
| Nuveen, LLC | 74,480 | $1.12M | 0.00% | +9,020+13.8% | Added |
| VARCOV Co. | 74,782 | $1.13M | 0.45% | +74,782 | New |
| Lotus Technology Management, LP | 75,725 | $1.14M | 0.63% | +75,725 | New |
| XTX Topco Ltd | 76,662 | $1.16M | 0.03% | +76,662 | New |
| Wesbanco Bank Inc | 79,699 | $1.20M | 0.03% | 00.0% | Unchanged |
| Raymond James Financial Inc | 82,533 | $1.24M | 0.00% | −52,956−39.1% | Reduced |
| Barclays PLC | 85,916 | $1.30M | 0.00% | −15,577−15.3% | Reduced |
| Two Sigma Investments, LP | 86,090 | $1.30M | 0.00% | +48,297+127.8% | Added |
| Invesco Ltd. | 89,637 | $1.35M | 0.00% | +21,576+31.7% | Added |
| Envestnet Asset Management Inc | 92,353 | $1.39M | 0.00% | +21,964+31.2% | Added |
| LPL Financial LLC | 95,538 | $1.44M | 0.00% | +6,966+7.9% | Added |
| American Century Companies Inc | 98,416 | $1.48M | 0.00% | +6,763+7.4% | Added |
| Moody National Bank Trust Division | 101,972 | $1.54M | 0.15% | −17,945−15.0% | Reduced |
| Sterling Capital Management LLC | 105,404 | $1.59M | 0.03% | +250+0.2% | Added |
| Diametric Capital, LP | 107,920 | $1.63M | 0.44% | −1,159−1.1% | Reduced |
| Swiss National Bank | 108,300 | $1.63M | 0.00% | +19,600+22.1% | Added |
| Man Group plc | 124,027 | $1.87M | 0.00% | +40,936+49.3% | Added |
| Royce & Associates LP | 133,000 | $2.01M | 0.02% | +133,000 | New |
| Rice Hall James & Associates, LLC | 134,599 | $2.03M | 0.11% | +24,244+22.0% | Added |
| Ranger Investment Management, L.P. | 176,250 | $2.66M | 0.18% | +176,250 | New |
| First Trust Advisors LP | 214,816 | $3.24M | 0.00% | +53,542+33.2% | Added |
| Brown Advisory Inc | 228,460 | $3.45M | 0.00% | −700,335−75.4% | Reduced |
| SEI Investments Co | 238,693 | $3.60M | 0.00% | +76,585+47.2% | Added |
| Ameriprise Financial Inc | 242,776 | $3.66M | 0.00% | +91,993+61.0% | Added |
| Ancora Advisors, LLC | 256,019 | $3.86M | 0.08% | +180,409+238.6% | Added |
| Wells Fargo & Company | 262,232 | $3.95M | 0.00% | +161,727+160.9% | Added |
| ExodusPoint Capital Management, LP | 290,791 | $4.39M | 0.05% | +200,366+221.6% | Added |
| Kornitzer Capital Management Inc | 309,387 | $4.67M | 0.10% | 00.0% | Unchanged |
| Avory & Company, LLC | 334,209 | $5.04M | 3.24% | −20,490−5.8% | Reduced |
| Allspring Global Investments Holdings, LLC | 340,456 | $5.23M | 0.01% | +5,207+1.6% | Added |
| Mutual of America Capital Management LLC | 383,960 | $5.79M | 0.06% | +3,959+1.0% | Added |
| Charles Schwab Investment Management Inc | 411,754 | $6.21M | 0.00% | +24,233+6.3% | Added |
| Qube Research & Technologies Ltd | 433,912 | $6.54M | 0.01% | +361,027+495.3% | Added |
| Clearbridge Investments, LLC | 439,682 | $6.63M | 0.01% | −34,671−7.3% | Reduced |
| Wasatch Advisors Inc | 451,868 | $6.81M | 0.04% | +82,174+22.2% | Added |
| Manatuck Hill Partners, LLC | 459,900 | $6.94M | 2.43% | +164,900+55.9% | Added |
| Squarepoint Ops LLC | 464,901 | $7.01M | 0.01% | +73,583+18.8% | Added |
| Northern Trust Corp | 488,979 | $7.37M | 0.00% | +16,164+3.4% | Added |
| Marshall Wace, LLP | 527,692 | $7.96M | 0.01% | −1,113,513−67.8% | Reduced |
| Morgan Stanley | 530,690 | $8.00M | 0.00% | +75,277+16.5% | Added |
| Emerald Mutual Fund Advisers Trust | 569,418 | $8.59M | 0.42% | +71,192+14.3% | Added |
| Loup Funds, LLC | 576,166 | $8.69M | 2.53% | −148,548−20.5% | Reduced |
| ArrowMark Colorado Holdings LLC | 588,565 | $8.88M | 0.20% | −19,427−3.2% | Reduced |
| Bank of America Corp | 595,450 | $8.98M | 0.00% | −258,208−30.2% | Reduced |
| Russell Investments Group, Ltd. | 688,715 | $10.4M | 0.01% | +347,801+102.0% | Added |
| Hodges Capital Management Inc. | 693,341 | $10.5M | 0.90% | +550,407+385.1% | Added |
| New York State Common Retirement Fund | 706,138 | $10.6M | 0.01% | +42,978+6.5% | Added |
| Paralel Advisors LLC | 900,000 | $13.6M | 0.53% | 00.0% | Unchanged |
| UBS Group AG | 909,250 | $13.7M | 0.00% | +80,915+9.8% | Added |
| Federated Hermes, Inc. | 912,000 | $13.8M | 0.02% | −85,300−8.6% | Reduced |
| Citadel Advisors LLC | 931,728 | $14.1M | 0.01% | −544,974−36.9% | Reduced |
| Emerald Advisers, LLC | 978,408 | $14.8M | 0.45% | +157,318+19.2% | Added |
| Fred Alger Management, LLC | 1,036,560 | $15.6M | 0.06% | +671,455+183.9% | Added |
| Franklin Resources Inc | 1,047,439 | $15.8M | 0.00% | +97,370+10.2% | Added |
| Wellington Management Group LLP | 1,069,506 | $16.1M | 0.00% | −62,443−5.5% | Reduced |
| MetLife Investment Management | 1,069,955 | $16.1M | 0.08% | +5,679+0.5% | Added |
| 12 West Capital Management LP | 1,070,701 | $16.1M | 1.92% | −420,000−28.2% | Reduced |
| Goldman Sachs Group Inc | 1,081,055 | $16.3M | 0.00% | −315,844−22.6% | Reduced |
| State Street Corp | 1,092,886 | $16.5M | 0.00% | +145,540+15.4% | Added |
| Riverbridge Partners LLC | 1,096,029 | $16.5M | 0.31% | −92,505−7.8% | Reduced |
| Penn Capital Management Co Inc | 1,131,552 | $17.1M | 1.36% | +6,199+0.6% | Added |
| Champlain Investment Partners, LLC | 1,137,880 | $17.2M | 0.17% | −784,836−40.8% | Reduced |
| Silvercrest Asset Management Group LLC | 1,181,594 | $17.8M | 0.12% | −94,876−7.4% | Reduced |
| Geode Capital Management, LLC | 1,202,460 | $18.1M | 0.00% | +121,651+11.3% | Added |
| Stephens Investment Management Group LLC | 1,367,051 | $20.6M | 0.27% | +434,987+46.7% | Added |
| Granahan Investment Management Inc | 1,451,237 | $21.9M | 0.94% | −216,095−13.0% | Reduced |
| Lazard Asset Management LLC | 1,626,821 | $24.5M | 0.04% | −502,703−23.6% | Reduced |
| Manufacturers Life Insurance Company, The | 1,850,876 | $27.9M | 0.02% | +98,500+5.6% | Added |
| Loomis Sayles & Co L P | 1,857,812 | $28.0M | 0.03% | +131,447+7.6% | Added |
| JPMorgan Chase & Co | 1,882,671 | $28.4M | 0.00% | −94,597−4.8% | Reduced |
| Bank of New York Mellon Corp | 2,011,613 | $30.3M | 0.01% | +140,760+7.5% | Added |