First Watch Restaurant GroupFWRG
13F holders, Q3 2025 (September 30)At the end of Q3 2025, 184 institutions reported holding First Watch Restaurant Group (FWRG) in their 13F filings, up 19 from Q2 2025. 31 opened new positions and 12 sold out. The largest holders were Advent International, L.P. ($82.7M), BlackRock, Inc. ($48.8M) and Vanguard Group Inc. ($45.2M). 3 famous investors held it, including Lee Ainslie (0.1% of Maverick Capital's portfolio), Ken Griffin (0.0% of Citadel Advisors'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 Q2 2025 → Q3 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 31 | $73.8M |
| Exits | 12 | $7.5M |
All 13F filers, Q2 2025 → Q3 2025: 15,193,773 shares bought and 12,254,176 shares sold, net +2,939,597 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 184 holders
| Advent International, L.P. | 1.67% | Reduce -64.0% | 5,289,784 | $82.7M |
| BlackRock, Inc. | 0.00% | Add +7.8% | 3,120,200 | $48.8M |
| Vanguard Group Inc. | 0.00% | Add +18.2% | 2,888,295 | $45.2M |
| FMR LLC | 0.00% | Add +18.6% | 2,544,101 | $39.8M |
| Dimensional Fund Advisors LP | 0.01% | Add +2.9% | 2,442,780 | $38.2M |
| Gilder Gagnon Howe & Co. LLC | 0.34% | Reduce -2.0% | 2,145,809 | $33.6M |
| Lazard Asset Management LLC | 0.04% | Reduce -6.7% | 2,129,524 | $33.3M |
| JPMorgan Chase & Co. | 0.00% | Reduce -10.7% | 1,977,268 | $30.9M |
| Champlain Investment Partners, LLC | 0.23% | Reduce -1.6% | 1,922,716 | $30.1M |
| Bank of New York Mellon Corp | 0.01% | Add +454.8% | 1,870,853 | $29.3M |
| Manufacturers Life Insurance Company, The | 0.02% | Reduce -25.0% | 1,752,376 | $27.4M |
| Loomis Sayles & Co. L P | 0.03% | Add +50.9% | 1,726,365 | $27.0M |
| GW&K Investment Management, LLC | 0.24% | Reduce -5.8% | 1,720,693 | $26.9M |
| Granahan Investment Management, LLC | 1.07% | Add +1.2% | 1,667,332 | $26.1M |
| Marshall Wace, LLP | 0.03% | Add +36.4% | 1,641,205 | $25.7M |
| Neuberger Berman Group LLC | 0.02% | Reduce -4.8% | 1,530,296 | $23.9M |
| 12 West Capital Management LP | 2.42% | No change | 1,490,701 | $23.3M |
| Citadel Advisors | 0.02% | New | 1,476,702 | $23.1M |
| Goldman Sachs Group Inc. | 0.00% | Add +460.3% | 1,396,899 | $21.8M |
| Woodline Partners LP | 0.10% | New | 1,299,116 | $20.3M |
| Silvercrest Asset Management Group LLC | 0.13% | Add +92.8% | 1,276,470 | $20.0M |
| Riverbridge Partners LLC | 0.31% | Reduce -7.1% | 1,188,534 | $18.6M |
| Wellington Management Group LLP | 0.00% | Add +11.4% | 1,131,949 | $17.7M |
| Penn Capital Management Company, LLC | 1.36% | Add +11.9% | 1,125,353 | $17.6M |
| Geode Capital Management, LLC | 0.00% | Add +5.7% | 1,080,809 | $16.9M |
| MetLife Investment Management, LLC | 0.08% | Add +22.0% | 1,064,276 | $16.6M |
| Federated Hermes, Inc. | 0.03% | Add +4.2% | 997,300 | $15.6M |
| Franklin Resources Inc. | 0.00% | Add +8.0% | 950,069 | $14.9M |
| State Street Corp. | 0.00% | Add +2.8% | 947,346 | $14.8M |
| Stephens Investment Management Group LLC | 0.19% | Add +21.2% | 932,064 | $14.6M |
| Brown Advisory Inc. | 0.02% | Reduce -16.2% | 928,795 | $14.5M |
| Paralel Advisors LLC | 0.55% | No change | 900,000 | $14.1M |
| Bank of America Corp. | 0.00% | Add +74.2% | 853,658 | $13.4M |
| UBS Group AG | 0.00% | Add +7.7% | 828,335 | $13.0M |
| Emerald Advisers, LLC | 0.41% | Add +113.4% | 821,090 | $12.8M |
| Balyasny Asset Management L.P. | 0.03% | Add +2796.3% | 813,051 | $12.7M |
| WCM Investment Management, LLC | 0.02% | Reduce -0.0% | 736,665 | $11.7M |
| Deepwater Asset Management, LLC | 4.51% | Add +14.8% | 724,714 | $11.3M |
| Millennium Management | 0.01% | Add +2382.9% | 696,053 | $10.9M |
| New York State Common Retirement Fund | 0.01% | Add +8.3% | 663,160 | $10.4M |
| ArrowMark Colorado Holdings LLC | 0.18% | Add +6.3% | 607,992 | $9.5M |
| Maverick Capital | 0.11% | Add +84.9% | 514,259 | $8.0M |
| Emerald Mutual Fund Advisers Trust | 0.40% | Add +92.7% | 498,226 | $7.8M |
| Clearbridge Investments, LLC | 0.01% | Add +2.8% | 474,353 | $7.4M |
| Northern Trust Corp. | 0.00% | Add +3.4% | 472,815 | $7.4M |
| Morgan Stanley | 0.00% | Add +55.9% | 455,413 | $7.1M |
| Squarepoint Ops LLC | 0.01% | Add +351.7% | 391,318 | $6.1M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +15.5% | 387,521 | $6.1M |
| Mutual of America Capital Management LLC | 0.06% | Reduce -5.4% | 380,001 | $5.9M |
| Jain Global LLC | 0.08% | New | 370,274 | $5.8M |
| Wasatch Advisors LP | 0.03% | Add +5.2% | 369,694 | $5.8M |
| Fred Alger Management, LLC | 0.02% | New | 365,105 | $5.7M |
| Avory & Company, LLC | 3.34% | Add +0.7% | 354,699 | $5.5M |
| Russell Investments Group, Ltd. | 0.01% | Add +33.4% | 340,914 | $5.3M |
| Allspring Global Investments Holdings, LLC | 0.01% | Reduce -2.9% | 335,249 | $5.2M |
| Hudson Bay Capital Management LP | 0.03% | New | 315,597 | $4.9M |
| Kornitzer Capital Management Inc. | 0.10% | Reduce -1.9% | 309,387 | $4.8M |
| Manatuck Hill Partners, LLC | 1.57% | Add +47.5% | 295,000 | $4.6M |
| Sei Investments Co. | 0.00% | Add +17.1% | 162,108 | $2.5M |
| First Trust Advisors LP | 0.00% | Reduce -18.0% | 161,274 | $2.5M |
| Ghisallo Capital Management LLC | 0.08% | New | 160,893 | $2.5M |
| Ameriprise Financial Inc. | 0.00% | Reduce -49.3% | 150,783 | $2.4M |
| Hodges Capital Management Inc. | 0.19% | New | 142,934 | $2.2M |
| Raymond James Financial Inc. | 0.00% | Reduce -1.6% | 135,489 | $2.1M |
| Moody National Bank Trust Division | 0.16% | Reduce -0.1% | 119,917 | $1.9M |
| Rice Hall James & Associates, LLC | 0.09% | Reduce -0.6% | 110,355 | $1.7M |
| Diametric Capital, LP | 0.63% | Add +115.4% | 109,079 | $1.7M |
| B. Metzler seel. Sohn & Co. AG | 0.01% | No change | 105,917 | $1.7M |
| Sterling Capital Management LLC | 0.02% | Add +167.4% | 105,154 | $1.6M |
| Barclays PLC | 0.00% | Add +24.9% | 101,493 | $1.6M |
| Wells Fargo & Company | 0.00% | Add +8.9% | 100,505 | $1.6M |
| Gsa Capital Partners LLP | 0.13% | Reduce -25.5% | 99,624 | $1.6M |
| Royal Bank of Canada | 0.00% | Add +1.2% | 93,719 | $1.5M |
| American Century Companies Inc. | 0.00% | Add +27.0% | 91,653 | $1.4M |
| ExodusPoint Capital Management, LP | 0.02% | New | 90,425 | $1.4M |
| Swiss National Bank | 0.00% | Add +17.2% | 88,700 | $1.4M |
| LPL Financial LLC | 0.00% | Reduce -14.0% | 88,572 | $1.4M |
| Landscape Capital Management, L.L.C. | 0.08% | New | 84,540 | $1.3M |
| Susquehanna International Group, LLP | 0.00% | Reduce -24.9% | 83,976 | $1.3M |
| Man Group plc | 0.00% | New | 83,091 | $1.3M |
| Wesbanco Bank Inc. | 0.03% | No change | 79,699 | $1.2M |
| Arkadios Wealth Advisors | 0.03% | Add +3.4% | 79,503 | $1.2M |
| Blueshift Asset Management, LLC | 0.37% | New | 76,261 | $1.2M |
| Ancora Advisors LLC | 0.02% | Add +88.0% | 75,610 | $1.2M |
| Accurate Wealth Management, LLC | 0.16% | Add +0.1% | 66,696 | $1.2M |
| Qube Research & Technologies Ltd | 0.00% | New | 72,885 | $1.1M |
| Jane Street Group, LLC | 0.00% | Add +228.1% | 72,879 | $1.1M |
| Envestnet Asset Management Inc. | 0.00% | Add +27.3% | 70,389 | $1.1M |
| Invesco Ltd. | 0.00% | Add +16.9% | 68,061 | $1.1M |
| Dark Forest Capital Management LP | 0.04% | New | 67,318 | $1.1M |
| Nuveen, LLC | 0.00% | Add +6.9% | 65,460 | $1.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -84.9% | 64,007 | $1.0M |
| Rhumbline Advisers | 0.00% | Reduce -17.4% | 61,012 | $954K |
| Legal & General Group Plc | 0.00% | Add +24.5% | 56,676 | $886K |
| Victory Capital Management Inc. | 0.00% | Add +35.5% | 55,200 | $863K |
| Vancity Investment Management Ltd | 0.10% | Reduce -6.2% | 47,702 | $746K |
| California State Teachers Retirement System | 0.00% | Add +24.2% | 45,260 | $708K |
| Prelude Capital Management, LLC | 0.05% | Add +109.3% | 41,466 | $649K |
| Verition Fund Management LLC | 0.00% | Add +73.8% | 40,831 | $639K |
| SG Americas Securities, LLC | 0.00% | Add +94.5% | 39,220 | $613K |
"% of holder's portfolio" is FWRG's weight in each manager's 13F, not the share of First Watch Restaurant Group the manager owns.