Dark Forest Capital Management’s First Watch Restaurant Group FWRG Stock Holding History

Dark Forest 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	-13,386	Closed	-$202K	–	921
2025 Q4	$202K	Sell	13,386 -53,932	-80%	-$909K	0.01%	923
2025 Q3	$1.05M	Buy	+67,318	New	+$1.17M	0.04%	719
2024 Q3	–	Sell	-25,821	Closed	-$453K	–	1032
2024 Q2	$453K	Buy	25,821 +398	+2%	+$8.31K	0.08%	294
2024 Q1	$626K	Sell	25,423 -14,245	-36%	-$323K	0.11%	205
2023 Q4	$797K	Sell	39,668 -14,686	-27%	-$265K	0.12%	148
2023 Q3	$940K	Buy	54,354 +35,835	+194%	+$661K	0.07%	436
2023 Q2	$313K	Buy	+18,519	New	+$307K	0.03%	798
2022 Q1	–	Sell	-87	Closed	-$1K	–	1451
2021 Q4	$1K	Buy	+87	New	+$1.73K	﹤0.01%	1335

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

Dark Forest Capital Management's FWRG Position: Q1 2026 in Review

Dark Forest Capital Management sold out of First Watch Restaurant Group (FWRG) in Q1 2026, closing a stake of 13,386 shares — an estimated $202K sold.

Dark Forest Capital Management first reported a position in FWRG in Q4 2021 and held it in 8 quarters. The position peaked at $1.05M in Q3 2025. 210 funds tracked by Wall St. Rank hold FWRG as of Q1 2026.

Dark Forest Capital Management reported no remaining First Watch Restaurant Group position as of Q1 2026 after selling out during the quarter.
Dark Forest Capital Management sold 13,386 First Watch Restaurant Group shares in Q1 2026, an estimated $202K.
Dark Forest Capital Management first reported a position in First Watch Restaurant Group in Q4 2021 and held it in 8 quarters.
Dark Forest Capital Management's First Watch Restaurant Group position peaked at $1.05M in Q3 2025.
210 funds tracked by Wall St. Rank held First Watch Restaurant Group as of Q1 2026.

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