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First Watch Restaurant Group
FWRG

125 hedge funds and large institutions have $1.03B invested in First Watch Restaurant Group in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 33 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 15

55% more repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 33

10% more funds holding

Funds holding: 114 → 125 (+11)

6% more capital invested

Capital invested by funds: $967M → $1.03B (+$60.4M)

3.59% more ownership

Funds ownership: 96.21% → 99.8% (+3.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

35% less call options, than puts

Call options by funds: $523K | Put options by funds: $805K

Holders
125
Holders Change
+11
Holders Change %
+9.65%
% of All Funds
1.98%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
26
Increased
51
Reduced
33
Closed
15
Calls
$523K
Puts
$805K
Net Calls
-$282K
Net Calls Change
-$311K

Top Buyers

Rank Fund Capital Flow
1
FAM
Foxhaven Asset Management
Virginia
+$13.4M
2
BlackRock
BlackRock
New York
+$11.7M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$10M
4
Invesco
Invesco
Georgia
+$9.53M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$8.22M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$15.2M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$11.8M
3
Goldman Sachs
Goldman Sachs
New York
-$10.2M
4
AI
Advent International
Massachusetts
-$8.3M
5
Deutsche Bank
Deutsche Bank
Germany
-$5.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$5.74M +$248K +13,424 +4%
State Street
27
State Street
Massachusetts
$5.25M +$1.26M +68,089 +29%
SIMG
28
Stephens Investment Management Group
Texas
$5.24M +$5.59M +302,984 New
LCP
29
LGT Capital Partners
Switzerland
$5.23M – – –
Fidelity Investments
30
Fidelity Investments
Massachusetts
$4.65M +$2.49K +135 +0.1%
N
31
Nuveen
North Carolina
$4.41M +$2.34M +126,953 +99%
Ameriprise
32
Ameriprise
Minnesota
$4M +$381K +20,634 +10%
1WCM
33
12 West Capital Management
New York
$3.72M +$3.96M +215,000 New
Northern Trust
34
Northern Trust
Illinois
$3.34M +$1.27M +68,706 +55%
SEI Investments
35
SEI Investments
Pennsylvania
$3.33M +$744K +40,318 +27%
LGF
36
LGT Group Foundation
Liechtenstein
$3.21M +$349K +18,935 +12%
Charles Schwab
37
Charles Schwab
California
$3.11M +$1.61M +87,456 +94%
WP
38
Woodline Partners
California
$2.75M +$557K +30,206 +23%
Renaissance Technologies
39
Renaissance Technologies
New York
$2.3M +$293K +15,900 +14%
PAMP
40
Polar Asset Management Partners
Ontario, Canada
$2.04M -$11.8M -641,900 -84%
Qube Research & Technologies (QRT)
41
Qube Research & Technologies (QRT)
United Kingdom
$2.02M +$1.76M +95,581 +453%
Citadel Advisors
42
Citadel Advisors
Florida
$1.92M -$15.2M -821,691 -88%
Los Angeles Capital Management
43
Los Angeles Capital Management
California
$1.82M -$57.5K -3,117 -3%
SIC
44
Schwartz Investment Counsel
Michigan
$1.75M – – –
Two Sigma Investments
45
Two Sigma Investments
New York
$1.71M -$1.9M -103,210 -51%
Two Sigma Advisers
46
Two Sigma Advisers
New York
$1.67M -$786K -42,600 -31%
MS
47
Maven Securities
Jersey
$1.56M -$508K -27,533 -23%
D.E. Shaw & Co
48
D.E. Shaw & Co
New York
$1.54M -$713K -38,680 -30%
Bank of New York Mellon
49
Bank of New York Mellon
New York
$1.37M +$396K +21,451 +37%
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$1.31M +$933K +50,599 +201%
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FWRG Hedge Fund Activity: Q3 2023 in Review

125 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q3 2023, worth a combined $1.03B — up 6.3% from $967M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new FWRG positions and 15 closed out — a net gain of 11 holders — while 51 added to existing stakes and 33 trimmed.

The largest buyer was Foxhaven Asset Management, opening a new position worth an estimated $13.4M. The largest seller was Citadel Advisors, cutting an estimated $15.2M.

  • 125 institutional investors held First Watch Restaurant Group (FWRG) as of Q3 2023, up from 114 in Q2 2023.
  • Funds reported $1.03B of First Watch Restaurant Group stock for Q3 2023, up 6.3% quarter-over-quarter.
  • 26 funds opened new First Watch Restaurant Group positions in Q3 2023 and 15 closed out, a net change of +11 holders.
  • The largest First Watch Restaurant Group buyer in Q3 2023 was Foxhaven Asset Management, an estimated $13.4M added.
  • The largest First Watch Restaurant Group seller in Q3 2023 was Citadel Advisors, an estimated $15.2M sold.

Based on aggregated 13F filings for Q3 2023.