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First Watch Restaurant Group
FWRG

119 hedge funds and large institutions have $1.21B invested in First Watch Restaurant Group in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 33 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 33

18% more capital invested

Capital invested by funds: $1.03B → $1.21B (+$185M)

1.04% more ownership

Funds ownership: 99.8% → 100.83% (+1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 125 → 119 (-6)

26% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 23

87% less call options, than puts

Call options by funds: $90K | Put options by funds: $677K

Holders
119
Holders Change
-6
Holders Change %
-4.8%
% of All Funds
1.73%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
17
Increased
44
Reduced
33
Closed
23
Calls
$90K
Puts
$677K
Net Calls
-$587K
Net Calls Change
-$305K

Top Buyers

Rank Fund Capital Flow
1
UBS AM
UBS AM
Illinois
+$9.89M
2
FAM
Foxhaven Asset Management
Virginia
+$5.79M
3
1WCM
12 West Capital Management
New York
+$5.77M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.28M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.63M

Top Sellers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
-$8.37M
2
Marshall Wace
Marshall Wace
United Kingdom
-$6.19M
3
LCP
LGT Capital Partners
Switzerland
-$5.23M
4
Allspring Global Investments
Allspring Global Investments
North Carolina
-$3.26M
5
SEI Investments
SEI Investments
Pennsylvania
-$2.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
State Street
26
State Street
Massachusetts
$8.9M +$2.51M +139,028 +46%
Bank of America
27
Bank of America
North Carolina
$8.57M -$1.12M -61,920 -13%
Wellington Management Group
28
Wellington Management Group
Massachusetts
$8.06M +$397K +22,024 +6%
SIMG
29
Stephens Investment Management Group
Texas
$7.1M +$902K +50,057 +17%
Renaissance Technologies
30
Renaissance Technologies
New York
$4.91M +$2M +111,102 +84%
LGF
31
LGT Group Foundation
Liechtenstein
$4.54M +$787K +43,691 +24%
NCGI
32
Next Century Growth Investors
Minnesota
$4.22M +$3.78M +209,852 New
Northern Trust
33
Northern Trust
Illinois
$4.09M +$192K +10,627 +6%
Ameriprise
34
Ameriprise
Minnesota
$3.83M -$733K -40,693 -18%
First Trust Advisors
35
First Trust Advisors
Illinois
$3.8M +$3.41M +189,014 New
Charles Schwab
36
Charles Schwab
California
$3.67M +$42K +2,330 +1%
Two Sigma Investments
37
Two Sigma Investments
New York
$3.03M +$929K +51,571 +52%
N
38
Nuveen
North Carolina
$2.73M -$2.15M -119,074 -47%
Two Sigma Advisers
39
Two Sigma Advisers
New York
$2.6M +$588K +32,600 +34%
RJA
40
Raymond James & Associates
Florida
$2.47M +$1.52M +84,231 +218%
DAM
41
Deepwater Asset Management
Minnesota
$2.21M +$1.98M +110,006 New
Los Angeles Capital Management
42
Los Angeles Capital Management
California
$2.1M -$6.51K -361 -0.3%
SIC
43
Schwartz Investment Counsel
Michigan
$2.04M – – –
Jane Street
44
Jane Street
New York
$2.01M +$1.81M +100,167 New
Bank of New York Mellon
45
Bank of New York Mellon
New York
$1.62M +$28.5K +1,580 +2%
Goldman Sachs
46
Goldman Sachs
New York
$1.61M +$98.8K +5,482 +7%
New York State Common Retirement Fund
47
New York State Common Retirement Fund
New York
$1.58M +$49.8K +2,763 +4%
Barclays
48
Barclays
United Kingdom
$1.23M +$524K +29,100 +90%
Qube Research & Technologies (QRT)
49
Qube Research & Technologies (QRT)
United Kingdom
$1.19M -$1.03M -57,320 -49%
Swiss National Bank
50
Swiss National Bank
Switzerland
$1.06M -$108K -6,000 -10%
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FWRG Hedge Fund Activity: Q4 2023 in Review

119 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q4 2023, worth a combined $1.21B — up 18% from $1.03B a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of FWRG and 17 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 44 added.

The largest buyer was UBS AM, opening a new position worth an estimated $9.89M. The largest seller was Invesco, cutting an estimated $8.37M.

  • 119 institutional investors held First Watch Restaurant Group (FWRG) as of Q4 2023, down from 125 in Q3 2023.
  • Funds reported $1.21B of First Watch Restaurant Group stock for Q4 2023, up 18% quarter-over-quarter.
  • 17 funds opened new First Watch Restaurant Group positions in Q4 2023 and 23 closed out, a net change of -6 holders.
  • The largest First Watch Restaurant Group buyer in Q4 2023 was UBS AM, an estimated $9.89M added.
  • The largest First Watch Restaurant Group seller in Q4 2023 was Invesco, an estimated $8.37M sold.

Based on aggregated 13F filings for Q4 2023.