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, Q1 2026
Institutional positions in First Watch Restaurant Group, Inc. as of Mar 31, 2026. 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
- 210
- +6 vs. Q4 2025
- Shares held
- 67.6M
- +569.1K (+0.8%) vs. Q4 2025
- Total value
- $709.0M
- −$302.4M (−29.9%) vs. Q4 2025
- New holders
- 51
- 79 more added
- Sold out
- 45
- 61 more reduced
4 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding First Watch Restaurant Group, Inc.; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4,071,745 | $42.7M | 0.00% | +343,037+9.2% | Added |
| Bank of New York Mellon Corp | 3,957,697 | $41.5M | 0.01% | +1,946,084+96.7% | Added |
| Neuberger Berman Group LLC | 3,574,318 | $37.5M | 0.03% | +464,658+14.9% | Added |
| Manufacturers Life Insurance Company, The | 3,357,950 | $35.2M | 0.03% | +1,507,074+81.4% | Added |
| Millennium Management LLC | 3,232,247 | $33.9M | 0.03% | +3,174,989+5,545.1% | Added |
| Dimensional Fund Advisors LP | 3,084,886 | $32.3M | 0.01% | +508,704+19.7% | Added |
| Vanguard Capital Management LLC | 2,402,388 | $25.2M | 0.00% | +2,402,388 | New |
| Riverbridge Partners LLC | 2,091,700 | $21.9M | 0.54% | +995,671+90.8% | Added |
| FMR LLC | 1,995,121 | $20.9M | 0.00% | −3,403,977−63.0% | Reduced |
| GW&K Investment Management, LLC | 1,959,171 | $20.5M | 0.18% | −73,460−3.6% | Reduced |
| Lazard Asset Management LLC | 1,780,839 | $18.7M | 0.03% | +154,018+9.5% | Added |
| Stephens Investment Management Group LLC | 1,659,799 | $17.4M | 0.24% | +292,748+21.4% | Added |
| Hodges Capital Management Inc. | 1,481,777 | $15.5M | 1.29% | +788,436+113.7% | Added |
| Morgan Stanley | 1,460,034 | $15.3M | 0.00% | +929,344+175.1% | Added |
| BWCP, LP | 1,358,073 | $14.2M | 2.17% | +1,358,073 | New |
| Geode Capital Management, LLC | 1,305,552 | $13.7M | 0.00% | +103,092+8.6% | Added |
| State Street Corp | 1,193,349 | $12.5M | 0.00% | +100,463+9.2% | Added |
| Penn Capital Management Co Inc | 1,141,157 | $12.0M | 0.93% | +9,605+0.8% | Added |
| Granahan Investment Management Inc | 1,088,037 | $11.4M | 0.55% | −363,200−25.0% | Reduced |
| Bank of America Corp | 1,052,426 | $11.0M | 0.00% | +456,976+76.7% | Added |
| Silvercrest Asset Management Group LLC | 1,048,694 | $11.0M | 0.08% | −132,900−11.2% | Reduced |
| Fred Alger Management, LLC | 956,960 | $10.0M | 0.04% | −79,600−7.7% | Reduced |
| UBS Group AG | 954,074 | $10.0M | 0.00% | +44,824+4.9% | Added |
| Emerald Advisers, LLC | 947,110 | $9.93M | 0.31% | −31,298−3.2% | Reduced |
| Paralel Advisors LLC | 900,000 | $9.43M | 0.39% | 00.0% | Unchanged |
| Champlain Investment Partners, LLC | 764,931 | $8.02M | 0.10% | −372,949−32.8% | Reduced |
| Gilder Gagnon Howe & Co LLC | 741,126 | $7.77M | 0.09% | −1,340,546−64.4% | Reduced |
| New York State Common Retirement Fund | 706,138 | $7.40M | 0.01% | 00.0% | Unchanged |
| Russell Investments Group, Ltd. | 652,508 | $6.84M | 0.01% | −36,207−5.3% | Reduced |
| Susquehanna International Group, LLP | 616,189 | $6.46M | 0.01% | +577,154+1,478.6% | Added |
| Emerald Mutual Fund Advisers Trust | 569,418 | $5.97M | 0.29% | 00.0% | Unchanged |
| Vanguard Portfolio Management LLC | 552,022 | $5.79M | 0.00% | +552,022 | New |
| Federated Hermes, Inc. | 524,032 | $5.49M | 0.01% | −387,968−42.5% | Reduced |
| ArrowMark Colorado Holdings LLC | 497,181 | $5.21M | 0.14% | −91,384−15.5% | Reduced |
| Northern Trust Corp | 492,997 | $5.17M | 0.00% | +4,018+0.8% | Added |
| Qube Research & Technologies Ltd | 488,790 | $5.12M | 0.01% | +54,878+12.6% | Added |
| Citadel Advisors LLC | 488,415 | $5.12M | 0.00% | −443,313−47.6% | Reduced |
| SEI Investments Co | 464,782 | $4.87M | 0.00% | +226,089+94.7% | Added |
| Wasatch Advisors Inc | 441,416 | $4.63M | 0.03% | −10,452−2.3% | Reduced |
| Clearbridge Investments, LLC | 422,510 | $4.43M | 0.00% | −17,172−3.9% | Reduced |
| Goldman Sachs Group Inc | 409,919 | $4.30M | 0.00% | −671,136−62.1% | Reduced |
| Charles Schwab Investment Management Inc | 409,803 | $4.29M | 0.00% | −1,951−0.5% | Reduced |
| Nomura Holdings Inc | 382,662 | $4.01M | 0.03% | +382,662 | New |
| Mutual of America Capital Management LLC | 382,295 | $4.01M | 0.05% | −1,665−0.4% | Reduced |
| Franklin Resources Inc | 348,423 | $3.65M | 0.00% | −699,016−66.7% | Reduced |
| First Trust Advisors LP | 346,201 | $3.63M | 0.00% | +131,385+61.2% | Added |
| Vanguard Fiduciary Trust Co | 336,993 | $3.53M | 0.00% | +336,993 | New |
| Kennedy Capital Management, Inc. | 317,253 | $3.32M | 0.07% | +317,253 | New |
| Loomis Sayles & Co L P | 311,740 | $3.27M | 0.00% | −1,546,072−83.2% | Reduced |
| Kornitzer Capital Management Inc | 310,837 | $3.26M | 0.07% | +1,450+0.5% | Added |
| Royce & Associates LP | 295,168 | $3.09M | 0.03% | +162,168+121.9% | Added |
| Balyasny Asset Management LLC | 280,977 | $2.94M | 0.01% | +280,977 | New |
| Avory & Company, LLC | 254,147 | $2.66M | 3.45% | −80,062−24.0% | Reduced |
| Brown Advisory Inc | 248,630 | $2.61M | 0.00% | +20,170+8.8% | Added |
| Raymond James Financial Inc | 218,313 | $2.29M | 0.00% | +135,780+164.5% | Added |
| Envestnet Asset Management Inc | 191,381 | $2.01M | 0.00% | +99,028+107.2% | Added |
| Squarepoint Ops LLC | 188,493 | $1.98M | 0.00% | −276,408−59.5% | Reduced |
| Quantinno Capital Management LP | 183,171 | $1.92M | 0.00% | +171,342+1,448.5% | Added |
| 1492 Capital Management LLC | 172,938 | $1.81M | 0.69% | +172,938 | New |
| First Dallas Securities Inc. | 166,750 | $1.75M | 0.65% | +127,750+327.6% | Added |
| Empowered Funds, LLC | 166,559 | $1.75M | 0.01% | +166,559 | New |
| Access Investment Management LLC | 161,210 | $1.69M | 0.45% | +161,210 | New |
| Hunter Associates Investment Management LLC | 151,970 | $1.60M | 0.21% | +151,970 | New |
| Ancora Advisors, LLC | 151,252 | $1.59M | 0.03% | −104,767−40.9% | Reduced |
| Congress Asset Management Co | 140,997 | $1.48M | 0.01% | +140,997 | New |
| Rice Hall James & Associates, LLC | 139,855 | $1.47M | 0.08% | +5,256+3.9% | Added |
| CI Private Wealth, LLC | 138,866 | $1.46M | 0.00% | +138,866 | New |
| Landscape Capital Management, L.L.C. | 126,462 | $1.33M | 0.08% | +126,462 | New |
| Invesco Ltd. | 125,013 | $1.31M | 0.00% | +35,376+39.5% | Added |
| LPL Financial LLC | 118,628 | $1.24M | 0.00% | +23,090+24.2% | Added |
| Oppenheimer Asset Management Inc. | 116,835 | $1.22M | 0.01% | +69,963+149.3% | Added |
| Swiss National Bank | 108,300 | $1.13M | 0.00% | 00.0% | Unchanged |
| Dynamic Technology Lab Private Ltd | 108,094 | $1.13M | 0.18% | +96,780+855.4% | Added |
| Boston Partners | 106,570 | $1.12M | 0.00% | +82,780+348.0% | Added |
| AQR Capital Management LLC | 98,166 | $1.03M | 0.00% | +82,272+517.6% | Added |
| Numerai GP LLC | 94,218 | $987.4K | 0.10% | +94,218 | New |
| American Century Companies Inc | 93,535 | $980.2K | 0.00% | −4,881−5.0% | Reduced |
| XTX Topco Ltd | 87,418 | $916.1K | 0.02% | +10,756+14.0% | Added |
| VARCOV Co. | 83,750 | $877.7K | 0.33% | +8,968+12.0% | Added |
| Moody National Bank Trust Division | 81,579 | $854.9K | 0.08% | −20,393−20.0% | Reduced |
| Nuveen, LLC | 79,938 | $837.8K | 0.00% | +5,458+7.3% | Added |
| Diametric Capital, LP | 78,262 | $820.2K | 0.21% | −29,658−27.5% | Reduced |
| California State Teachers Retirement System | 77,373 | $810.9K | 0.00% | +31,281+67.9% | Added |
| Tudor Investment Corp Et Al | 76,928 | $806.2K | 0.00% | +76,928 | New |
| UBS Asset Management Americas Inc | 76,303 | $799.7K | 0.00% | +2,104+2.8% | Added |
| Victory Capital Management Inc | 75,000 | $786.0K | 0.00% | +18,000+31.6% | Added |
| Accurate Wealth Management, LLC | 65,702 | $754.3K | 0.09% | +6,482+10.9% | Added |
| Arkadios Wealth Advisors | 71,413 | $748.4K | 0.01% | −2,083−2.8% | Reduced |
| Alliancebernstein L.P. | 49,360 | $744.3K | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 63,591 | $666.4K | 0.00% | +4,932+8.4% | Added |
| Lighthouse Investment Partners, LLC | 62,674 | $656.8K | 0.02% | +62,674 | New |
| Sumitomo Mitsui Trust Holdings, Inc. | 62,393 | $653.9K | 0.00% | +32,462+108.5% | Added |
| CIBC World Markets Inc. | 62,000 | $649.8K | 0.00% | +62,000 | New |
| Natixis Advisors, L.P. | 61,560 | $645.0K | 0.00% | +11,783+23.7% | Added |
| Jones Financial Companies LLLP | 58,742 | $605.6K | 0.00% | +57,812+6,216.3% | Added |
| Sterling Capital Management LLC | 57,719 | $604.9K | 0.01% | −47,685−45.2% | Reduced |
| Deutsche Bank AG | 55,581 | $582.5K | 0.00% | +10,473+23.2% | Added |
| Man Group plc | 52,687 | $552.2K | 0.00% | −71,340−57.5% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 51,566 | $540.4K | 0.00% | +11,159+27.6% | Added |
| White Pine Capital LLC | 50,685 | $531.2K | 0.14% | +20,696+69.0% | Added |