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

Penn 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 		$12M Buy
1,141,157
+9,605
+0.8% +$139K 0.93% 63
2025
Q4 		$17.1M Buy
1,131,552
+6,199
+0.6% +$104K 1.36% 20
2025
Q3 		$17.6M Buy
1,125,353
+119,462
+12% +$2.08M 1.36% 18
2025
Q2 		$16.2M Sell
1,005,891
-4,864
-0.5% -$81.6K 1.4% 23
2025
Q1 		$16.9M Buy
1,010,755
+275,269
+37% +$5.3M 1.64% 11
2024
Q4 		$13.7M Buy
735,486
+189,597
+35% +$3.35M 1.34% 22
2024
Q3 		$8.54M Buy
545,889
+100,684
+23% +$1.6M 0.78% 61
2024
Q2 		$7.85M Buy
445,205
+403,979
+980% +$8.44M 0.74% 66
2024
Q1 		$1.04M Buy
+41,226
New +$934K 0.09% 122
2023
Q1 		– Sell
-179,001
Closed -$2.42M – 170
2022
Q4 		$2.42M Buy
179,001
+149,179
+500% +$2.27M 0.25% 100
2022
Q3 		$432K Sell
29,822
-3,981
-12% -$64.6K 0.05% 157
2022
Q2 		$487K Buy
+33,803
New +$460K 0.05% 163

Other funds holding FWRG

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Bank of New York Mellon
Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return
Neuberger Berman Group
Neuberger Berman Group New York $131B AUM 28.36% 1-Year Est. Return
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return
Millennium Management
Millennium Management New York $240B AUM 35.51% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
RP
Riverbridge Partners Minneapolis, Minnesota $3.58B AUM 4.02% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
GKIM
GW&K Investment Management Boston, Massachusetts $11.3B AUM 31.98% 1-Year Est. Return

Penn Capital Management's FWRG Position: Q1 2026 in Review

Penn Capital Management increased its First Watch Restaurant Group (FWRG) stake by 0.85% in Q1 2026, buying an estimated $139K and bringing the position to 1,141,157 shares worth $12M. The position accounts for 0.93% of the portfolio, ranked #63.

Penn Capital Management first reported a position in FWRG in Q2 2022 and has held it in 12 quarters since. The position peaked at $17.6M in Q3 2025. 211 funds tracked by Wall St. Rank hold FWRG as of Q1 2026.

  • Penn Capital Management held 1,141,157 shares of First Watch Restaurant Group worth $12M as of Q1 2026.
  • Penn Capital Management bought 9,605 First Watch Restaurant Group shares in Q1 2026, an estimated $139K.
  • First Watch Restaurant Group made up 0.93% of Penn Capital Management's portfolio in Q1 2026, its #63 holding.
  • Penn Capital Management first reported a position in First Watch Restaurant Group in Q2 2022 and has held it in 12 quarters since.
  • Penn Capital Management's First Watch Restaurant Group position peaked at $17.6M in Q3 2025.
  • 211 funds tracked by Wall St. Rank held First Watch Restaurant Group as of Q1 2026.

Based on Penn Capital Management's 13F filing for Q1 2026, filed 7 May 2026.