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First Watch Restaurant Group
FWRG

99 hedge funds and large institutions have $914M invested in First Watch Restaurant Group in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,625% more call options, than puts

Call options by funds: $138K | Put options by funds: $8K

28% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 29

19% more capital invested

Capital invested by funds: $768M → $914M (+$145M)

0.02% more ownership

Funds ownership: 95.94% → 95.96% (+0.02%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less funds holding

Funds holding: 106 → 99 (-7)

29% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 21

Holders
99
Holders Change
-7
Holders Change %
-6.6%
% of All Funds
1.58%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
15
Increased
37
Reduced
29
Closed
21
Calls
$138K
Puts
$8K
Net Calls
+$130K
Net Calls Change
+$95K

Top Buyers

Rank Fund Capital Flow
1
GGHC
Gilder Gagnon Howe & Co
New York
+$5.75M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$3.34M
3
Millennium Management
Millennium Management
New York
+$3.29M
4
Bank of America
Bank of America
North Carolina
+$2.66M
5
LGF
LGT Group Foundation
Liechtenstein
+$2.57M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$11.6M
2
Citadel Advisors
Citadel Advisors
Florida
-$5.74M
3
PCM
Penn Capital Management
Pennsylvania
-$2.42M
4
BC
Brookfield Corp
Ontario, Canada
-$2.34M
5
Marshall Wace
Marshall Wace
United Kingdom
-$1.14M
Name Holding Trade Value Shares
Change 		Change in
Stake
LGF
26
LGT Group Foundation
Liechtenstein
$2.63M +$2.57M +163,970 New
Ameriprise
27
Ameriprise
Minnesota
$2.47M +$1.04M +66,614 +76%
SEI Investments
28
SEI Investments
Pennsylvania
$2.13M +$1.25M +79,671 +150%
Northern Trust
29
Northern Trust
Illinois
$1.98M +$4.35K +278 +0.2%
N
30
Nuveen
North Carolina
$1.77M +$1.29M +82,265 +294%
Los Angeles Capital Management
31
Los Angeles Capital Management
California
$1.75M -$47.6K -3,042 -3%
SIC
32
Schwartz Investment Counsel
Michigan
$1.73M +$1.69M +107,759 New
HRCM
33
Hood River Capital Management
Florida
$1.7M +$399K +25,503 +32%
Renaissance Technologies
34
Renaissance Technologies
New York
$1.66M +$150K +9,600 +10%
Charles Schwab
35
Charles Schwab
California
$1.46M -$70.5K -4,502 -5%
Calamos Advisors
36
Calamos Advisors
Illinois
$1.21M +$174K +11,090 +17%
HF
37
HRT Financial
New York
$1.2M +$663K +42,337 +130%
JP Morgan Chase
38
JP Morgan Chase
New York
$1.11M -$190K -12,123 -15%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$1.03M -$483K -30,857 -33%
SCP
40
Shorepoint Capital Partners
Massachusetts
$964K -$423K -27,050 -31%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$950K -$34.3K -2,189 -4%
Norges Bank
42
Norges Bank
Norway
$936K -$355K -22,700 -28%
WB
43
WesBanco Bank
West Virginia
$782K – – –
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
$769K +$750K +47,912 New
Jane Street
45
Jane Street
New York
$733K +$715K +45,653 New
PI
46
Putnam Investments
Massachusetts
$730K -$29.6K -1,892 -4%
GCP
47
GSA Capital Partners
United Kingdom
$708K +$690K +44,072 New
Swiss National Bank
48
Swiss National Bank
Switzerland
$617K -$68.9K -4,400 -10%
AR
49
Advisory Research
Illinois
$511K -$115K -7,318 -19%
Jacobs Levy Equity Management
50
Jacobs Levy Equity Management
New Jersey
$479K -$25.1K -1,602 -5%
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FWRG Hedge Fund Activity: Q1 2023 in Review

99 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q1 2023, worth a combined $914M — up 19% from $768M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of FWRG and 15 opened new positions — a net loss of 6 holders — while 29 trimmed existing stakes and 37 added.

The largest buyer was Gilder Gagnon Howe & Co, opening a new position worth an estimated $5.75M. The largest seller was Invesco, exiting entirely with an estimated $11.6M sold.

  • 99 institutional investors held First Watch Restaurant Group (FWRG) as of Q1 2023, down from 106 in Q4 2022.
  • Funds reported $914M of First Watch Restaurant Group stock for Q1 2023, up 19% quarter-over-quarter.
  • 15 funds opened new First Watch Restaurant Group positions in Q1 2023 and 21 closed out, a net change of -6 holders.
  • The largest First Watch Restaurant Group buyer in Q1 2023 was Gilder Gagnon Howe & Co, an estimated $5.75M added.
  • The largest First Watch Restaurant Group seller in Q1 2023 was Invesco, an estimated $11.6M sold.

Based on aggregated 13F filings for Q1 2023.