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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.

Institutional holdersQ1 2026: 210 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 70 institutionsQ1 2022: 71 institutionsQ2 2022: 72 institutionsQ3 2022: 100 institutionsQ4 2022: 106 institutionsQ1 2023: 100 institutionsQ2 2023: 114 institutionsQ3 2023: 125 institutionsQ4 2023: 120 institutionsQ1 2024: 146 institutionsQ2 2024: 137 institutionsQ3 2024: 135 institutionsQ4 2024: 154 institutionsQ1 2025: 157 institutionsQ2 2025: 166 institutionsQ3 2025: 184 institutionsQ4 2025: 208 institutionsQ1 2026: 210 institutionsQ2 2026: 206 institutions
Value heldQ1 2026: $709.0M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $963.2MQ1 2022: $737.3MQ2 2022: $813.4MQ3 2022: $826.2MQ4 2022: $768.5MQ1 2023: $913.7MQ2 2023: $966.6MQ3 2023: $1.03BQ4 2023: $1.21BQ1 2024: $1.55BQ2 2024: $1.15BQ3 2024: $1.02BQ4 2024: $1.27BQ1 2025: $1.18BQ2 2025: $1.12BQ3 2025: $1.14BQ4 2025: $1.06BQ1 2026: $709.0MQ2 2026: $842.4M
Institutions holding FWRG and their total value by quarter
QuarterHoldersValue
Q2 2026206$842.4M
Q1 2026210$709.0M
Q4 2025208$1.06B
Q3 2025184$1.14B
Q2 2025166$1.12B
Q1 2025157$1.18B
Q4 2024154$1.27B
Q3 2024135$1.02B
Q2 2024137$1.15B
Q1 2024146$1.55B
Q4 2023120$1.21B
Q3 2023125$1.03B
Q2 2023114$966.6M
Q1 2023100$913.7M
Q4 2022106$768.5M
Q3 2022100$826.2M
Q2 202272$813.4M
Q1 202271$737.3M
Q4 202170$963.2M
Q3 20210$0
Q2 20210$0
Q1 20210$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.

Institutions holding FWRG in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Covestor Ltd4$00.00%00.0%Unchanged
National Bank of Canada1$100.00%−1−50.0%Reduced
Hughes Financial Services, LLC1$100.00%+1New
EverSource Wealth Advisors, LLC2$210.00%−142−98.6%Reduced
IFP Advisors, Inc10$1050.00%−5−33.3%Reduced
MAI Capital Management16$1680.00%+16New
Rothschild Investment LLC23$2410.00%−57−71.3%Reduced
Bayban33$3460.00%+33New
WPG Advisers, LLC72$7550.00%00.0%Unchanged
Rachor Investment Advisory Services, LLC87$9120.00%−77−47.0%Reduced
SJS Investment Consulting Inc.98$1.03K0.00%+32+48.5%Added
Smartleaf Asset Management LLC104$1.05K0.00%+23+28.4%Added
Rossby Financial, LCC168$1.84K0.00%+168New
Los Angeles Capital Management LLC195$2.04K0.00%00.0%Unchanged
Fourth Dimension Wealth, LLC200$2.10K0.00%00.0%Unchanged
Meramec Financial Planners, LLC274$3.52K0.00%+274New
Private Trust Co NA347$3.64K0.00%+66+23.5%Added
Nisa Investment Advisors, LLC369$3.87K0.00%−479−56.5%Reduced
SRS Capital Advisors, Inc.371$3.89K0.00%+75+25.3%Added
Huntington National Bank450$4.71K0.00%−1−0.2%Reduced
Allworth Financial LP523$5.48K0.00%+521+26,050.0%Added
Optiver Holding B.V.540$5.66K0.00%+166+44.4%Added
International Assets Investment Management, LLC609$6.66K0.00%+103+20.4%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.714$7.48K0.00%+212+42.2%Added
Essential Partners LLC714$7.48K0.00%+693+3,300.0%Added
US Bancorp1,096$11.5K0.00%−1,099−50.1%Reduced
Park Place Capital Corp1,097$11.5K0.00%+1,097New
Caldwell Trust Co1,200$12.6K0.00%00.0%Unchanged
Farther Finance Advisors, LLC1,176$12.9K0.00%+1,066+969.1%Added
Sunbelt Securities, Inc.1,301$13.6K0.00%00.0%Unchanged
1620 Investment Advisors, Inc.1,302$13.6K0.01%−3,145−70.7%Reduced
Advisor Group Holdings, Inc.1,603$16.8K0.00%+125+8.5%Added
Advisory Services Network, LLC2,385$25.0K0.00%+2,385New
Larson Financial Group LLC2,495$26.1K0.00%+2,495New
Versant Capital Management, Inc2,790$29.2K0.00%+2,222+391.2%Added
Assetmark, Inc3,545$37.2K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.3,910$41.0K0.00%−243−5.9%Reduced
Ameritas Investment Partners, Inc.4,467$46.8K0.00%00.0%Unchanged
CWM, LLC5,157$54.0K0.00%+4,124+399.2%Added
Tower Research Capital LLC (TRC)5,482$57.5K0.00%+3,898+246.1%Added
Simplex Trading, LLC5,602$58.7K0.00%+5,602New
Parkside Financial Bank & Trust6,084$63.8K0.00%+6,049+17,282.9%Added
Quadrant Capital Group LLC7,178$75.2K0.00%+6,636+1,224.4%Added
Bessemer Group Inc9,280$97.0K0.00%−22,800−71.1%Reduced
Cetera Investment Advisers10,045$105.3K0.00%+10,045New
LVW Advisors, LLC10,154$106.4K0.01%−317−3.0%Reduced
SG Americas Securities, LLC10,172$107.0K0.00%−6,609−39.4%Reduced
Capstone Financial Advisors, Inc.10,500$110.0K0.01%+10,500New
HighTower Advisors, LLC10,684$112.0K0.00%+10,684New
DRW Securities, LLC10,854$113.7K0.01%+10,854New
Armistice Capital, LLC11,234$117.7K0.00%+11,234New
Insight Advisors, LLC11,450$120.0K0.02%+11,450New
Intech Investment Management LLC12,204$127.9K0.00%−3,837−23.9%Reduced
KLP Kapitalforvaltning AS12,500$131.0K0.00%00.0%Unchanged
Vanguard Investments Australia, Ltd.12,657$132.6K0.00%+12,657New
Graham Capital Management, L.P.13,037$136.6K0.00%+13,037New
Two Sigma Investments, LP13,200$138.3K0.00%−72,890−84.7%Reduced
BNP Paribas Arbitrage, SA13,377$140.2K0.00%+1,253+10.3%Added
Gsa Capital Partners LLP13,419$141.0K0.01%+13,419New
Sanctuary Advisors, LLC13,462$141.1K0.00%+2,714+25.3%Added
Fifth Third Bancorp13,618$142.7K0.00%+11,922+702.9%Added
Mirabella Financial Services LLP13,739$144.0K0.01%+13,739New
Fiduciary Trust Co13,889$145.6K0.00%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)14,160$148.4K0.00%00.0%Unchanged
Scientech Research LLC14,160$148.4K0.12%+14,160New
Arizona State Retirement System15,087$158.1K0.00%−208−1.4%Reduced
Wealth Alliance15,187$159.2K0.02%+15,187New
Marshall Wace, LLP15,398$161.4K0.00%−512,294−97.1%Reduced
Police & Firemen's Retirement System of New Jersey16,797$176.0K0.00%+3,046+22.2%Added
Janus Henderson Group PLC16,969$177.7K0.00%00.0%Unchanged
Polymer Capital Management (US) LLC17,149$179.7K0.03%+17,149New
Blueshift Asset Management, LLC17,488$183.3K0.06%−1,741−9.1%Reduced
Vanguard Global Advisers, LLC18,120$189.9K0.00%+18,120New
Harbor Capital Advisors, Inc.18,673$196.0K0.02%+9,337+100.0%Added
Brevan Howard Capital Management LP20,209$211.8K0.00%−46,568−69.7%Reduced
Prelude Capital Management, LLC20,442$214.2K0.02%−7,079−25.7%Reduced
Axq Capital, LP21,048$220.6K0.03%+21,048New
Rocky Mountain Advisers, LLC21,237$222.6K0.06%−3,600−14.5%Reduced
The PNC Financial Services Group, Inc.23,479$246.1K0.00%+29+0.1%Added
Barclays PLC23,682$248.2K0.00%−62,234−72.4%Reduced
Oxford Asset Management LLP23,812$249.6K0.10%+7,308+44.3%Added
Quent Capital, LLC25,000$262.0K0.02%00.0%Unchanged
Glenmede Trust Co NA25,130$263.4K0.00%+25,130New
Engineers Gate Manager LP25,150$263.6K0.00%−9,680−27.8%Reduced
Diversified Trust Co25,654$268.9K0.00%+1,154+4.7%Added
71 West Capital Partners26,130$273.8K0.01%00.0%Unchanged
Atria Investments LLC27,561$288.8K0.00%+9,040+48.8%Added
Virtu Financial LLC27,982$293.0K0.01%+27,982New
Mirae Asset Global ETFs Holdings Ltd.28,134$294.8K0.00%+2,557+10.0%Added
Commerce Bank29,279$306.8K0.00%−589−2.0%Reduced
Boothbay Fund Management, LLC31,852$333.8K0.01%+31,852New
MetLife Investment Management32,203$337.5K0.00%−1,037,752−97.0%Reduced
Magnetar Financial LLC35,119$368.0K0.00%−2,490−6.6%Reduced
Creative Planning36,992$387.7K0.00%+36,992New
Canada Pension Plan Investment Board37,800$396.1K0.00%−1,900−4.8%Reduced
Vanguard Asset Management, Ltd37,885$397.0K0.00%+37,885New
State of Wisconsin Investment Board38,125$399.6K0.00%+38,125New
ExodusPoint Capital Management, LP40,016$419.4K0.00%−250,775−86.2%Reduced
Cerity Partners LLC40,577$425.2K0.00%−5,216−11.4%Reduced
Y-Intercept (Hong Kong) Ltd40,847$428.1K0.01%+40,847New