Bailard’s First Watch Restaurant Group FWRG Stock Holding History

Bailard’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
2025 Q4	–	Sell	-12,800	Closed	-$200K	–	800
2025 Q3	$200K	Hold	12,800	–	–	﹤0.01%	732
2025 Q2	$205K	Buy	+12,800	New	+$215K	﹤0.01%	715

Other funds holding FWRG

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

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

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

Woodline Partners San Francisco, California $32.4B AUM 58.5% 1-Year Est. Return

GGHC

Gilder Gagnon Howe & Co New York $9.69B AUM 55.7% 1-Year Est. Return

GKIM

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

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

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Bailard's FWRG Position: Q4 2025 in Review

Bailard sold out of First Watch Restaurant Group (FWRG) in Q4 2025, closing a stake of 12,800 shares — an estimated $200K sold.

Bailard first reported a position in FWRG in Q2 2025 and held it in 2 quarters. The position peaked at $205K in Q2 2025. 208 funds tracked by Wall St. Rank hold FWRG as of Q4 2025.

Bailard reported no remaining First Watch Restaurant Group position as of Q4 2025 after selling out during the quarter.
Bailard sold 12,800 First Watch Restaurant Group shares in Q4 2025, an estimated $200K.
Bailard first reported a position in First Watch Restaurant Group in Q2 2025 and held it in 2 quarters.
Bailard's First Watch Restaurant Group position peaked at $205K in Q2 2025.
208 funds tracked by Wall St. Rank held First Watch Restaurant Group as of Q4 2025.

Based on Bailard's 13F filing for Q4 2025, filed 4 Feb 2026.