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First Watch Restaurant Group
FWRG

114 hedge funds and large institutions have $967M invested in First Watch Restaurant Group in 2023 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 48 increasing their positions, 19 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

153% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 19

94% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 16

15% more funds holding

Funds holding: 99 → 114 (+15)

6% more capital invested

Capital invested by funds: $914M → $967M (+$52.9M)

9% more call options, than puts

Call options by funds: $360K | Put options by funds: $331K

0.24% more ownership

Funds ownership: 95.96% → 96.21% (+0.24%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
114
Holders Change
+15
Holders Change %
+15.15%
% of All Funds
1.79%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
31
Increased
48
Reduced
19
Closed
16
Calls
$360K
Puts
$331K
Net Calls
+$29K
Net Calls Change
-$101K

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$20.3M
2
Macquarie Group
Macquarie Group
Australia
+$12.5M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$11M
4
PI
Putnam Investments
Massachusetts
+$7.46M
5
GGHC
Gilder Gagnon Howe & Co
New York
+$6.72M

Top Sellers

Rank Fund Capital Flow
1
AI
Advent International
Massachusetts
-$116M
2
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.28M
3
HRCM
Hood River Capital Management
Florida
-$1.7M
4
GIM
Granahan Investment Management
Massachusetts
-$1.37M
5
Calamos Advisors
Calamos Advisors
Illinois
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$4.97M +$125K +7,559 +3%
GKIM
27
GW&K Investment Management
Massachusetts
$4.68M -$113K -6,850 -2%
Fidelity Investments
28
Fidelity Investments
Massachusetts
$4.55M +$475K +28,674 +12%
Millennium Management
29
Millennium Management
New York
$4.07M -$402K -24,248 -9%
State Street
30
State Street
Massachusetts
$3.99M +$428K +25,832 +12%
Dimensional Fund Advisors
31
Dimensional Fund Advisors
Texas
$3.7M +$3.44M +207,499 +1,813%
Ameriprise
32
Ameriprise
Minnesota
$3.56M +$941K +56,821 +37%
Two Sigma Investments
33
Two Sigma Investments
New York
$3.42M +$3.05M +184,209 +1,016%
LGF
34
LGT Group Foundation
Liechtenstein
$2.78M +$4.8K +290 +0.2%
SEI Investments
35
SEI Investments
Pennsylvania
$2.57M +$321K +19,377 +15%
Two Sigma Advisers
36
Two Sigma Advisers
New York
$2.35M +$2.31M +139,200 New
WP
37
Woodline Partners
California
$2.18M +$2.14M +129,099 New
N
38
Nuveen
North Carolina
$2.16M +$295K +17,794 +16%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$2.16M +$1.05M +63,640 +100%
Lord, Abbett & Co
40
Lord, Abbett & Co
New Jersey
$2.12M +$2.08M +125,359 New
Northern Trust
41
Northern Trust
Illinois
$2.1M +$18.2K +1,098 +0.9%
Point72 Asset Management
42
Point72 Asset Management
Connecticut
$2.08M +$2.04M +123,096 New
MS
43
Maven Securities
Jersey
$1.99M +$1.95M +117,533 New
Renaissance Technologies
44
Renaissance Technologies
New York
$1.98M +$224K +13,500 +13%
Los Angeles Capital Management
45
Los Angeles Capital Management
California
$1.83M -$16.1K -975 -0.9%
SIC
46
Schwartz Investment Counsel
Michigan
$1.71M -$106K -6,400 -6%
JP Morgan Chase
47
JP Morgan Chase
New York
$1.59M +$415K +25,091 +36%
Charles Schwab
48
Charles Schwab
California
$1.57M +$30.5K +1,841 +2%
AG
49
Algert Global
California
$1.54M +$1.51M +91,161 New
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$1.19M +$377K +22,759 +48%
1
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FWRG Hedge Fund Activity: Q2 2023 in Review

114 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q2 2023, worth a combined $967M — up 5.8% from $914M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FWRG positions and 16 closed out — a net gain of 15 holders — while 48 added to existing stakes and 19 trimmed.

The largest buyer was Manulife (Manufacturers Life Insurance), opening a new position worth an estimated $20.3M. The largest seller was Advent International, cutting an estimated $116M.

  • 114 institutional investors held First Watch Restaurant Group (FWRG) as of Q2 2023, up from 99 in Q1 2023.
  • Funds reported $967M of First Watch Restaurant Group stock for Q2 2023, up 5.8% quarter-over-quarter.
  • 31 funds opened new First Watch Restaurant Group positions in Q2 2023 and 16 closed out, a net change of +15 holders.
  • The largest First Watch Restaurant Group buyer in Q2 2023 was Manulife (Manufacturers Life Insurance), an estimated $20.3M added.
  • The largest First Watch Restaurant Group seller in Q2 2023 was Advent International, an estimated $116M sold.

Based on aggregated 13F filings for Q2 2023.