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First Watch Restaurant Group
FWRG

106 hedge funds and large institutions have $768M invested in First Watch Restaurant Group in 2022 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more call options, than puts

Call options by funds: $50K | Put options by funds: $15K

35% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 20

32% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 28

6% more funds holding

Funds holding: 100 → 106 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.63% less ownership

Funds ownership: 96.58% → 95.94% (-0.63%)

7% less capital invested

Capital invested by funds: $826M → $768M (-$57.7M)

Holders
106
Holders Change
+6
Holders Change %
+6%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
37
Reduced
28
Closed
20
Calls
$50K
Puts
$15K
Net Calls
+$35K
Net Calls Change
+$54K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$13.1M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$3.96M
3
Goldman Sachs
Goldman Sachs
New York
+$3.02M
4
BlackRock
BlackRock
New York
+$2.91M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$2.35M

Top Sellers

Rank Fund Capital Flow
1
AI
Advent International
Massachusetts
-$10.3M
2
Citadel Advisors
Citadel Advisors
Florida
-$6.82M
3
Bank of America
Bank of America
North Carolina
-$5.92M
4
Neuberger Berman Group
Neuberger Berman Group
New York
-$2.06M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$2.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$1.64M -$5.92M -388,698 -76%
Los Angeles Capital Management
27
Los Angeles Capital Management
California
$1.52M +$1.71M +112,194 New
Charles Schwab
28
Charles Schwab
California
$1.29M +$255K +16,745 +21%
D.E. Shaw & Co
29
D.E. Shaw & Co
New York
$1.28M +$706K +46,352 +96%
Renaissance Technologies
30
Renaissance Technologies
New York
$1.27M -$309K -20,300 -18%
Ameriprise
31
Ameriprise
Minnesota
$1.18M +$45.7K +3,000 +4%
SCP
32
Shorepoint Capital Partners
Massachusetts
$1.18M +$1.33M +87,050 New
JP Morgan Chase
33
JP Morgan Chase
New York
$1.1M -$895K -58,762 -42%
Norges Bank
34
Norges Bank
Norway
$1.1M +$1.23M +81,000 New
HRCM
35
Hood River Capital Management
Florida
$1.09M -$52.9K -3,473 -4%
Calamos Advisors
36
Calamos Advisors
Illinois
$872K +$982K +64,443 New
Bank of New York Mellon
37
Bank of New York Mellon
New York
$830K +$426K +27,979 +84%
Millennium Management
38
Millennium Management
New York
$743K -$1.38M -90,409 -62%
SEI Investments
39
SEI Investments
Pennsylvania
$717K -$1.43M -94,182 -64%
WB
40
WesBanco Bank
West Virginia
$659K +$742K +48,699 New
PI
41
Putnam Investments
Massachusetts
$641K +$721K +47,355 New
Swiss National Bank
42
Swiss National Bank
Switzerland
$579K +$652K +42,800 New
AR
43
Advisory Research
Illinois
$530K -$2.73K -179 -0.5%
RA
44
Royce & Associates
New York
$507K -$83.8K -5,500 -13%
Prudential Financial
45
Prudential Financial
New Jersey
$464K +$83.8K +5,500 +19%
HF
46
HRT Financial
New York
$439K -$1.49M -97,652 -75%
New York State Common Retirement Fund
47
New York State Common Retirement Fund
New York
$437K +$27.2K +1,787 +6%
Jacobs Levy Equity Management
48
Jacobs Levy Equity Management
New Jersey
$425K +$478K +31,407 New
N
49
Nuveen
North Carolina
$379K -$754K -49,475 -64%
OQS
50
Occudo Quantitative Strategies
Florida
$371K +$184K +12,095 +79%
1
2
3 4 5

FWRG Hedge Fund Activity: Q4 2022 in Review

106 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q4 2022, worth a combined $768M — down 7% from $826M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new FWRG positions and 20 closed out — a net gain of 7 holders — while 37 added to existing stakes and 28 trimmed.

The largest buyer was Invesco, opening a new position worth an estimated $13.1M. The largest seller was Advent International, cutting an estimated $10.3M.

  • 106 institutional investors held First Watch Restaurant Group (FWRG) as of Q4 2022, up from 100 in Q3 2022.
  • Funds reported $768M of First Watch Restaurant Group stock for Q4 2022, down 7% quarter-over-quarter.
  • 27 funds opened new First Watch Restaurant Group positions in Q4 2022 and 20 closed out, a net change of +7 holders.
  • The largest First Watch Restaurant Group buyer in Q4 2022 was Invesco, an estimated $13.1M added.
  • The largest First Watch Restaurant Group seller in Q4 2022 was Advent International, an estimated $10.3M sold.

Based on aggregated 13F filings for Q4 2022.