First Watch Restaurant Group
FWRG
154 hedge funds and large institutions have $1.27B invested in First Watch Restaurant Group in 2024 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 68 increasing their positions, 28 reducing their positions, and 22 closing their positions.
1,259% more call options, than puts
Call options by funds: $734K | Put options by funds: $54K
143% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 28
100% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 22
25% more capital invested
Capital invested by funds: $1.02B → $1.27B (+$250M)
15% more funds holding
Funds holding: 134 → 154 (+20)
4.34% more ownership
Funds ownership: 108.29% → 112.63% (+4.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$37.1M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$16.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$15.3M |
| 4 |
MIIM
Mesirow Institutional Investment Management
Chicago,
Illinois
|
+$14.7M |
| 5 |
ClearBridge Investments
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Advent International
Boston,
Massachusetts
|
-$141M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.74M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$3.54M |
| 4 |
Neuberger Berman Group
New York
|
-$3.33M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$2.87M |
FWRG Hedge Fund Activity: Q4 2024 in Review
154 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q4 2024, worth a combined $1.27B — up 25% from $1.02B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new FWRG positions and 22 closed out — a net gain of 22 holders — while 68 added to existing stakes and 28 trimmed.
The largest buyer was Lazard Asset Management, opening a new position worth an estimated $37.1M. The largest seller was Advent International, cutting an estimated $141M.
- 154 institutional investors held First Watch Restaurant Group (FWRG) as of Q4 2024, up from 134 in Q3 2024.
- Funds reported $1.27B of First Watch Restaurant Group stock for Q4 2024, up 25% quarter-over-quarter.
- 44 funds opened new First Watch Restaurant Group positions in Q4 2024 and 22 closed out, a net change of +22 holders.
- The largest First Watch Restaurant Group buyer in Q4 2024 was Lazard Asset Management, an estimated $37.1M added.
- The largest First Watch Restaurant Group seller in Q4 2024 was Advent International, an estimated $141M sold.
Based on aggregated 13F filings for Q4 2024.