12 West Capital Management’s First Watch Restaurant Group FWRG Stock Holding History

12 West Capital Management’s Portfolio FWRG Stock Details FWRG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-1,070,701	Closed	-$16.1M	–	22
2025 Q4	$16.1M	Sell	1,070,701 -420,000	-28%	-$7.08M	1.92%	15
2025 Q3	$23.3M	Hold	1,490,701	–	–	2.42%	14
2025 Q2	$23.9M	Hold	1,490,701	–	–	2.53%	13
2025 Q1	$24.8M	Sell	1,490,701 -522,705	-26%	-$10.1M	3.66%	10
2024 Q4	$37.5M	Buy	2,013,406 +337,920	+20%	+$5.97M	3.93%	9
2024 Q3	$26.1M	Buy	1,675,486 +1,035,000	+162%	+$16.5M	2.67%	10
2024 Q2	$11.2M	Hold	640,486	–	–	1.16%	16
2024 Q1	$15.8M	Buy	640,486 +105,486	+20%	+$2.39M	1.42%	18
2023 Q4	$10.8M	Buy	535,000 +320,000	+149%	+$5.77M	0.96%	17
2023 Q3	$3.72M	Buy	+215,000	New	+$3.96M	0.34%	23

Other funds holding FWRG

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Neuberger Berman Group New York $150B AUM 40.08% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $128B AUM 35.83% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

GKIM

GW&K Investment Management Boston, Massachusetts $12.8B AUM 48.82% 1-Year Est. Return

12 West Capital Management's FWRG Position: Q1 2026 in Review

12 West Capital Management sold out of First Watch Restaurant Group (FWRG) in Q1 2026, closing a stake of 1,070,701 shares — an estimated $16.1M sold.

12 West Capital Management first reported a position in FWRG in Q3 2023 and held it in 10 quarters. The position peaked at $37.5M in Q4 2024. 210 funds tracked by Wall St. Rank hold FWRG as of Q1 2026.

12 West Capital Management reported no remaining First Watch Restaurant Group position as of Q1 2026 after selling out during the quarter.
12 West Capital Management sold 1,070,701 First Watch Restaurant Group shares in Q1 2026, an estimated $16.1M.
12 West Capital Management first reported a position in First Watch Restaurant Group in Q3 2023 and held it in 10 quarters.
12 West Capital Management's First Watch Restaurant Group position peaked at $37.5M in Q4 2024.
210 funds tracked by Wall St. Rank held First Watch Restaurant Group as of Q1 2026.

Based on 12 West Capital Management's 13F filing for Q1 2026, filed 15 May 2026.