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

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	1.44%	18
2023 Q4	$10.8M	Buy	535,000 +320,000	+149%	+$5.77M	1.02%	17
2023 Q3	$3.72M	Buy	+215,000	New	+$3.96M	0.34%	23