First Watch Restaurant GroupFWRG

13F holders, Q3 2025 (September 30)
184holders +19
31new positions
12sold out
3famous investors
$15.64avg. 13F price*

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

050100150200250 Q1 2024: 146Q1 2024Q2 2024: 137Q2 2024Q3 2024: 135Q3 2024Q4 2024: 154Q4 2024Q1 2025: 157Q1 2025Q2 2025: 165Q2 2025Q3 2025: 184Q3 2025Q4 2025: 208Q4 2025Q1 2026: 210Q1 2026Q2 2026: 206Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions31$73.8M
Exits12$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
Two Sigma Investments, LP 0.00% Reduce -66.0% 37,793 $591K
Dynamic Technology Lab Private Ltd 0.10% Reduce -58.6% 36,700 $574K
Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% Add +62.4% 36,629 $573K
Deutsche Bank AG 0.00% Add +12.2% 36,486 $571K
Alliancebernstein L.P. 0.00% No change 36,060 $564K
Captrust Financial Advisors 0.00% Add +1.0% 34,325 $537K
Bessemer Group Inc. 0.00% No change 33,609 $526K
Oppenheimer Asset Management Inc. 0.01% Add +33.8% 30,708 $480K
Natixis Advisors, LLC 0.00% Add +93.0% 30,555 $478K
Walleye Capital LLC 0.00% New 27,000 $422K
Brevan Howard Capital Management LP 0.01% Reduce -33.5% 26,044 $407K
SRH Advisors, LLC 0.12% Reduce -5.0% 26,020 $407K
White Pine Capital LLC 0.11% Reduce -0.0% 25,356 $397K
Commerce Bank 0.00% Reduce -5.1% 25,260 $395K
T. Rowe Price Associates Inc. 0.00% Add +19.2% 24,329 $381K
PNC Financial Services Group, Inc. 0.00% Add +4.2% 23,016 $360K
Simplex Trading, LLC 0.01% Add +61.6% 22,637 $354K
Diversified Trust Co. 0.01% No change 21,800 $341K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Reduce -4.6% 21,093 $330K
BNP Paribas Financial Markets 0.00% Add +374.0% 20,737 $324K
Two Sigma Advisers, LP 0.00% Reduce -11.4% 20,200 $316K
Magnetar Financial LLC 0.00% New 18,879 $295K
Atria Investments, Inc 0.00% Reduce -17.1% 18,583 $291K
Citigroup Inc. 0.00% Reduce -15.5% 18,114 $283K
Boothbay Fund Management, LLC 0.01% New 17,705 $277K
Janus Henderson Group PLC 0.00% No change 16,969 $265K
KLP Kapitalforvaltning As 0.00% No change 16,400 $256K
Sumitomo Mitsui Trust Group, Inc. 0.00% No change 16,070 $251K
ProShare Advisors LLC 0.00% New 15,522 $243K
Canada Pension Plan Investment Board 0.00% Add +10.9% 15,300 $239K
Intech Investment Management LLC 0.00% Reduce -8.2% 14,435 $226K
Arizona State Retirement System 0.00% Add +17.1% 13,518 $211K
Capital Management Associates, Inc 0.06% No change 13,023 $204K
Bailard, Inc. 0.00% No change 12,800 $200K
Trexquant Investment LP 0.00% New 12,671 $198K
Caxton Associates LLP 0.01% New 12,085 $189K
Engineers Gate Manager LP 0.00% Reduce -50.0% 11,825 $185K
Fiduciary Trust Co 0.00% No change 11,797 $185K
Police & Firemen's Retirement System of New Jersey 0.00% Add +24.0% 11,290 $177K
LVW Advisors, LLC 0.02% Reduce -3.2% 10,471 $164K
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% No change 9,807 $153K
Harbor Capital Advisors, Inc. 0.01% Reduce -25.7% 9,415 $147K
Comerica Bank 0.00% Add +30.2% 8,577 $134K
Aquatic Capital Management LLC 0.00% Reduce -88.5% 4,970 $78K
US Bancorp \de 0.00% Reduce -15.3% 4,923 $77K
Ameritas Investment Partners, Inc. 0.00% No change 3,885 $61K
1620 Investment Advisors, Inc. 0.04% Add +1.7% 3,859 $60K
Lanark Financial, Inc. 0.00% New 3,839 $60K
Tower Research Capital LLC (TRC) 0.00% Reduce -48.3% 3,759 $59K
Assetmark, Inc. 0.00% No change 2,960 $46K
Osaic Holdings, Inc. 0.00% Add +12.5% 2,251 $42K
Jones Financial Companies LLLP 0.00% New 1,850 $30K
Sunbelt Securities, Inc. 0.00% Reduce -26.2% 1,742 $27K
Fifth Third Bancorp 0.00% Add +0.1% 1,696 $27K
Amalgamated Bank 0.00% No change 1,324 $21K
Caldwell Trust Co 0.00% No change 1,200 $19K
Highline Wealth Partners LLC 0.00% New 1,000 $16K
Quarry LP 0.00% New 984 $15K
Quadrant Capital Group LLC 0.00% New 552 $9K
Huntington National Bank 0.00% Reduce -3.6% 457 $7K
Nisa Investment Advisors, LLC 0.00% Add +7.9% 398 $6K
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% No change 302 $5K
Cwm, LLC 0.00% Add +84.3% 317 $5K
Mather Group, Llc. 0.00% New 300 $5K
Private Trust Co. NA 0.00% No change 281 $4K
Optiver Holding B.V. 0.00% New 258 $4K
AlphaQuest LLC 0.00% New 247 $4K
GAMMA Investing LLC 0.00% Add +83.6% 224 $4K
Fourth Dimension Wealth, LLC 0.00% No change 200 $3K
Global Retirement Partners, LLC 0.00% No change 136 $2K
Arax Advisory Partners 0.00% Add +215.0% 126 $2K
Farther Finance Advisors, LLC 0.00% Add +10.0% 110 $2K
WPG Advisers, LLC 0.00% No change 103 $2K
EverSource Wealth Advisors, LLC 0.00% No change 99 $2K
Steward Partners Investment Advisory, LLC 0.00% Reduce -93.3% 77 $1K
Smartleaf Asset Management LLC 0.00% Add +100.0% 70 $1K
Rothschild Investment LLC 0.00% No change 70 $1K
Northwestern Mutual Wealth Management Co. 0.00% New 33 $516
Fortitude Family Office, LLC 0.00% No change 17 $266
Advisory Services Network, LLC 0.00% New 8 $125
Allworth Financial LP 0.00% New 2 $32
SBI Securities Co., Ltd. 0.00% Reduce -94.4% 2 $31
Essential Partners LLC 0.00% New 1 $16
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.