First Watch Restaurant GroupFWRG
13F holders, Q2 2025 (June 30)At the end of Q2 2025, 165 institutions reported holding First Watch Restaurant Group (FWRG) in their 13F filings, up 8 from Q1 2025. 33 opened new positions and 24 sold out. The largest holders were Advent International, L.P. ($235.6M), BlackRock, Inc. ($46.4M) and Vanguard Group Inc. ($39.2M). 2 famous investors held it, including Lee Ainslie (0.1% of Maverick Capital's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).
- Company
- First Watch Restaurant Group
- CUSIP
- 33748L101
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 33 | $76.1M |
| Exits | 24 | $38.7M |
All 13F filers, Q1 2025 → Q2 2025: 8,677,097 shares bought and 9,661,974 shares sold, net −984,877 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 165 holders
| Advent International, L.P. | 7.64% | Reduce -23.4% | 14,689,784 | $235.6M |
| BlackRock, Inc. | 0.00% | Reduce -0.3% | 2,894,161 | $46.4M |
| Vanguard Group Inc. | 0.00% | Add +1.9% | 2,444,465 | $39.2M |
| Dimensional Fund Advisors LP | 0.01% | Add +11.8% | 2,373,365 | $38.1M |
| Manufacturers Life Insurance Company, The | 0.03% | Add +51.7% | 2,335,883 | $37.5M |
| Lazard Asset Management LLC | 0.06% | Add +13.4% | 2,281,137 | $36.6M |
| JPMorgan Chase & Co. | 0.00% | Add +1.8% | 2,213,754 | $35.5M |
| Gilder Gagnon Howe & Co. LLC | 0.37% | Reduce -1.7% | 2,190,092 | $35.1M |
| FMR LLC | 0.00% | Reduce -5.6% | 2,145,361 | $34.4M |
| Champlain Investment Partners, LLC | 0.22% | Reduce -6.5% | 1,953,489 | $31.3M |
| GW&K Investment Management, LLC | 0.26% | Add +11.8% | 1,826,258 | $29.3M |
| Granahan Investment Management, LLC | 1.08% | Add +3.3% | 1,647,128 | $26.4M |
| Neuberger Berman Group LLC | 0.02% | Add +54.0% | 1,606,829 | $25.8M |
| 12 West Capital Management LP | 2.53% | No change | 1,490,701 | $23.9M |
| Riverbridge Partners LLC | 0.33% | New | 1,279,544 | $20.5M |
| Marshall Wace, LLP | 0.02% | Add +33.5% | 1,203,109 | $19.3M |
| Loomis Sayles & Co. L P | 0.02% | New | 1,144,014 | $18.3M |
| Brown Advisory Inc. | 0.02% | Reduce -21.8% | 1,107,990 | $17.8M |
| Geode Capital Management, LLC | 0.00% | Add +4.2% | 1,022,752 | $16.4M |
| Wellington Management Group LLP | 0.00% | Add +22.3% | 1,016,078 | $16.3M |
| Penn Capital Management Company, LLC | 1.40% | Reduce -0.5% | 1,005,891 | $16.2M |
| Federated Hermes, Inc. | 0.03% | No change | 957,000 | $15.4M |
| State Street Corp. | 0.00% | Add +14.1% | 921,756 | $14.8M |
| Paralel Advisors LLC | 0.59% | No change | 900,000 | $14.4M |
| Franklin Resources Inc. | 0.00% | Reduce -14.3% | 879,620 | $14.1M |
| MetLife Investment Management, LLC | 0.08% | Add +4.5% | 872,629 | $14.0M |
| Stephens Investment Management Group LLC | 0.16% | Add +8.5% | 768,962 | $12.3M |
| UBS Group AG | 0.00% | Reduce -8.5% | 768,916 | $12.3M |
| WCM Investment Management, LLC | 0.03% | Reduce -22.3% | 736,931 | $11.9M |
| Silvercrest Asset Management Group LLC | 0.07% | Add +5.4% | 662,216 | $10.6M |
| Deepwater Asset Management, LLC | 4.01% | Reduce -7.4% | 631,052 | $10.1M |
| New York State Common Retirement Fund | 0.01% | No change | 612,287 | $9.8M |
| ArrowMark Colorado Holdings LLC | 0.17% | Add +18.3% | 572,132 | $9.2M |
| Bank of America Corp. | 0.00% | Reduce -38.0% | 490,122 | $7.9M |
| Clearbridge Investments, LLC | 0.01% | Reduce -17.8% | 461,313 | $7.4M |
| Northern Trust Corp. | 0.00% | Add +30.1% | 457,353 | $7.3M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -13.4% | 422,644 | $6.8M |
| Mutual of America Capital Management LLC | 0.07% | Add +2.9% | 401,737 | $6.4M |
| Emerald Advisers, LLC | 0.23% | New | 384,838 | $6.2M |
| Avory & Company, LLC | 3.45% | Add +3.2% | 352,351 | $5.7M |
| Wasatch Advisors LP | 0.03% | Reduce -25.4% | 351,594 | $5.6M |
| Armistice Capital, LLC | 0.21% | New | 350,000 | $5.6M |
| Allspring Global Investments Holdings, LLC | 0.01% | Reduce -36.5% | 345,225 | $5.5M |
| Bank of New York Mellon Corp | 0.00% | Add +41.3% | 337,186 | $5.4M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +4.7% | 335,611 | $5.4M |
| Kornitzer Capital Management Inc. | 0.10% | Add +5.8% | 315,387 | $5.1M |
| Ameriprise Financial Inc. | 0.00% | Reduce -0.3% | 297,464 | $4.8M |
| Morgan Stanley | 0.00% | Add +8.9% | 292,203 | $4.7M |
| Maverick Capital | 0.07% | New | 278,075 | $4.5M |
| Emerald Mutual Fund Advisers Trust | 0.25% | New | 258,538 | $4.1M |
| Russell Investments Group, Ltd. | 0.01% | Add +18.7% | 255,634 | $4.1M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -25.4% | 249,316 | $4.0M |
| Manatuck Hill Partners, LLC | 1.21% | New | 200,000 | $3.2M |
| First Trust Advisors LP | 0.00% | New | 196,625 | $3.2M |
| Sei Investments Co. | 0.00% | Add +26.0% | 138,372 | $2.2M |
| Raymond James Financial Inc. | 0.00% | Add +112.8% | 137,742 | $2.2M |
| Gsa Capital Partners LLP | 0.15% | New | 133,730 | $2.1M |
| Moody National Bank Trust Division | 0.18% | Add +6.3% | 119,972 | $1.9M |
| Susquehanna International Group, LLP | 0.00% | Add +22.3% | 111,817 | $1.8M |
| Rice Hall James & Associates, LLC | 0.10% | Reduce -33.1% | 111,051 | $1.8M |
| Two Sigma Investments, LP | 0.00% | Add +26.8% | 111,043 | $1.8M |
| B. Metzler seel. Sohn & Co. AG | 0.02% | Reduce -27.5% | 105,917 | $1.7M |
| LPL Financial LLC | 0.00% | Add +372.3% | 103,018 | $1.7M |
| Royal Bank of Canada | 0.00% | Add +70.7% | 92,631 | $1.5M |
| Wells Fargo & Company | 0.00% | Reduce -1.5% | 92,279 | $1.5M |
| Dynamic Technology Lab Private Ltd | 0.19% | New | 88,553 | $1.4M |
| Squarepoint Ops LLC | 0.00% | Add +217.9% | 86,637 | $1.4M |
| Barclays PLC | 0.00% | Add +13.9% | 81,228 | $1.3M |
| Wesbanco Bank Inc. | 0.04% | Add +16.0% | 79,699 | $1.3M |
| Arkadios Wealth Advisors | 0.04% | Add +12.2% | 76,861 | $1.2M |
| Swiss National Bank | 0.00% | Reduce -8.0% | 75,700 | $1.2M |
| Accurate Wealth Management, LLC | 0.18% | Add +34.9% | 66,618 | $1.2M |
| Rhumbline Advisers | 0.00% | Add +45.8% | 73,882 | $1.2M |
| American Century Companies Inc. | 0.00% | Add +43.4% | 72,166 | $1.2M |
| Nuveen, LLC | 0.00% | Reduce -6.0% | 61,217 | $982K |
| Invesco Ltd. | 0.00% | Add +28.9% | 58,237 | $934K |
| Envestnet Asset Management Inc. | 0.00% | Reduce -36.2% | 55,298 | $887K |
| Vancity Investment Management Ltd | 0.10% | Add +11.7% | 50,833 | $815K |
| Diametric Capital, LP | 0.43% | Add +7.3% | 50,641 | $812K |
| Versor Investments LP | 0.13% | New | 47,200 | $757K |
| Legal & General Group Plc | 0.00% | Add +1.6% | 45,531 | $730K |
| Aquatic Capital Management LLC | 0.01% | New | 43,020 | $690K |
| Victory Capital Management Inc. | 0.00% | New | 40,750 | $654K |
| Ancora Advisors LLC | 0.01% | Reduce -66.8% | 40,210 | $645K |
| Sterling Capital Management LLC | 0.01% | Add +0.1% | 39,323 | $631K |
| Brevan Howard Capital Management LP | 0.01% | New | 39,194 | $629K |
| California State Teachers Retirement System | 0.00% | Reduce -5.7% | 36,454 | $585K |
| Alliancebernstein L.P. | 0.00% | Add +28.5% | 36,060 | $578K |
| Captrust Financial Advisors | 0.00% | New | 33,972 | $545K |
| Bessemer Group Inc. | 0.00% | No change | 33,609 | $539K |
| Deutsche Bank AG | 0.00% | Add +38.7% | 32,514 | $522K |
| Balyasny Asset Management L.P. | 0.00% | Reduce -95.4% | 28,072 | $450K |
| Millennium Management | 0.00% | Add +12.3% | 28,034 | $450K |
| SRH Advisors, LLC | 0.13% | Reduce -12.7% | 27,395 | $439K |
| Commerce Bank | 0.00% | Add +20.5% | 26,625 | $427K |
| White Pine Capital LLC | 0.13% | Add +41.8% | 25,362 | $407K |
| Engineers Gate Manager LP | 0.00% | New | 23,639 | $379K |
| Verition Fund Management LLC | 0.00% | New | 23,498 | $377K |
| Oppenheimer Asset Management Inc. | 0.00% | Add +76.1% | 22,959 | $368K |
| Two Sigma Advisers, LP | 0.00% | Reduce -10.2% | 22,800 | $366K |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Add +11.2% | 22,557 | $362K |
| Atria Investments, Inc | 0.00% | Add +84.6% | 22,423 | $360K |
| Jane Street Group, LLC | 0.00% | New | 22,215 | $356K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -2.9% | 22,117 | $355K |
| PNC Financial Services Group, Inc. | 0.00% | Add +30.3% | 22,082 | $354K |
| Diversified Trust Co. | 0.01% | Reduce -0.6% | 21,800 | $350K |
| Citigroup Inc. | 0.00% | Reduce -34.1% | 21,436 | $344K |
| T. Rowe Price Associates Inc. | 0.00% | Add +23.2% | 20,414 | $328K |
| SG Americas Securities, LLC | 0.00% | Reduce -64.3% | 20,169 | $324K |
| Prelude Capital Management, LLC | 0.03% | Add +2.8% | 19,813 | $318K |
| Catalyst Funds Management Pty Ltd | 0.08% | New | 19,100 | $306K |
| WINTON GROUP Ltd | 0.02% | New | 18,593 | $298K |
| Janus Henderson Group PLC | 0.00% | No change | 16,969 | $272K |
| KLP Kapitalforvaltning As | 0.00% | No change | 16,400 | $263K |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Add +3.1% | 16,070 | $258K |
| Natixis Advisors, LLC | 0.00% | New | 15,828 | $254K |
| Intech Investment Management LLC | 0.00% | Reduce -3.9% | 15,729 | $252K |
| Simplex Trading, LLC | 0.01% | New | 14,007 | $224K |
| Canada Pension Plan Investment Board | 0.00% | New | 13,800 | $221K |
| Capital Management Associates, Inc | 0.07% | New | 13,023 | $209K |
| Bailard, Inc. | 0.00% | New | 12,800 | $205K |
| Harbor Capital Advisors, Inc. | 0.01% | Add +74.1% | 12,667 | $203K |
| Fiduciary Trust Co | 0.00% | New | 11,797 | $189K |
| Arizona State Retirement System | 0.00% | Reduce -4.5% | 11,544 | $185K |
| Voya Investment Management LLC | 0.00% | New | 11,090 | $178K |
| LVW Advisors, LLC | 0.02% | New | 10,813 | $173K |
| Wealth Alliance, LLC | 0.02% | New | 10,093 | $162K |
| Stifel Financial Corp. | 0.00% | Reduce -3.0% | 10,043 | $161K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 9,807 | $157K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Add +17.3% | 9,108 | $146K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +435.5% | 7,277 | $117K |
| Comerica Bank | 0.00% | Add +103.5% | 6,586 | $106K |
| US Bancorp \de | 0.00% | Add +3486.4% | 5,810 | $93K |
| BNP Paribas Financial Markets | 0.00% | Add +61.9% | 4,375 | $70K |
| Ameritas Investment Partners, Inc. | 0.00% | No change | 3,885 | $62K |
| 1620 Investment Advisors, Inc. | 0.04% | New | 3,794 | $61K |
| Assetmark, Inc. | 0.00% | Add +20.6% | 2,960 | $47K |
| Sunbelt Securities, Inc. | 0.00% | No change | 2,360 | $44K |
| Osaic Holdings, Inc. | 0.00% | Add +16.0% | 2,001 | $32K |
| First Horizon Advisors, Inc. | 0.00% | Add +207.6% | 1,950 | $31K |
| Fifth Third Bancorp | 0.00% | Add +8815.8% | 1,694 | $27K |
| Accent Capital Management, LLC | 0.01% | Reduce -70.0% | 1,500 | $24K |
| Amalgamated Bank | 0.00% | No change | 1,324 | $21K |
| Caldwell Trust Co | 0.00% | No change | 1,200 | $19K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +155.6% | 1,150 | $18K |
| Huntington National Bank | 0.00% | Add +119.4% | 474 | $8K |
| Park Place Capital Corp | 0.00% | New | 390 | $7K |
| Briaud Financial Planning Inc | 0.00% | New | 395 | $6K |
| Nisa Investment Advisors, LLC | 0.00% | Add +197.6% | 369 | $6K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | New | 302 | $5K |
| Private Trust Co. NA | 0.00% | No change | 281 | $5K |
| Fourth Dimension Wealth, LLC | 0.00% | No change | 200 | $3K |
| Cwm, LLC | 0.00% | Reduce -50.7% | 172 | $3K |
| Global Retirement Partners, LLC | 0.00% | — | 136 | $2K |
| GAMMA Investing LLC | 0.00% | Reduce -62.7% | 122 | $2K |
| WPG Advisers, LLC | 0.00% | Reduce -41.5% | 103 | $2K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -3.9% | 100 | $2K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +312.5% | 99 | $2K |
| Geneos Wealth Management Inc. | 0.00% | Add +23.8% | 78 | $1K |
| Rothschild Investment LLC | 0.00% | Reduce -33.3% | 70 | $1K |
| Arax Advisory Partners | 0.00% | Reduce -39.4% | 40 | $642 |
| SBI Securities Co., Ltd. | 0.00% | No change | 36 | $577 |
| Smartleaf Asset Management LLC | 0.00% | Reduce -50.0% | 35 | $563 |
| Fortitude Family Office, LLC | 0.00% | Reduce -89.8% | 17 | $273 |
| Covestor Ltd | 0.00% | No change | 5 | $0 |
"% of holder's portfolio" is FWRG's weight in each manager's 13F, not the share of First Watch Restaurant Group the manager owns.