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First Watch Restaurant Group
FWRG

106 hedge funds and large institutions have $768M invested in First Watch Restaurant Group in 2022 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more call options, than puts

Call options by funds: $50K | Put options by funds: $15K

35% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 20

32% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 28

6% more funds holding

Funds holding: 100 → 106 (+6)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.63% less ownership

Funds ownership: 96.58% → 95.94% (-0.63%)

7% less capital invested

Capital invested by funds: $826M → $768M (-$57.7M)

Holders
106
Holders Change
+6
Holders Change %
+6%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
27
Increased
37
Reduced
28
Closed
20
Calls
$50K
Puts
$15K
Net Calls
+$35K
Net Calls Change
+$54K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$13.1M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$3.96M
3
Goldman Sachs
Goldman Sachs
New York
+$3.02M
4
BlackRock
BlackRock
New York
+$2.91M
5
Russell Investments Group
Russell Investments Group
United Kingdom
+$2.35M

Top Sellers

Rank Fund Capital Flow
1
AI
Advent International
Massachusetts
-$10.3M
2
Citadel Advisors
Citadel Advisors
Florida
-$6.82M
3
Bank of America
Bank of America
North Carolina
-$5.92M
4
Neuberger Berman Group
Neuberger Berman Group
New York
-$2.06M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$2.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
PP
51
PDT Partners
New York
$325K +$365K +23,985 New
Squarepoint
52
Squarepoint
New York
$293K +$65.2K +4,284 +25%
California State Teachers Retirement System (CalSTRS)
53
California State Teachers Retirement System (CalSTRS)
California
$290K +$267K +17,530 +448%
PAM
54
Panagora Asset Management
Massachusetts
$285K -$77.1K -5,065 -19%
Man Group
55
Man Group
United Kingdom
$277K +$311K +20,440 New
ECM
56
ExodusPoint Capital Management
New York
$275K +$310K +20,354 New
JF
57
Jump Financial
Illinois
$273K +$97.3K +6,391 +46%
Two Sigma Investments
58
Two Sigma Investments
New York
$268K -$109K -7,160 -27%
EGM
59
Engineers Gate Manager
New York
$261K -$115K -7,574 -28%
Victory Capital Management
60
Victory Capital Management
Texas
$255K +$287K +18,850 New
MNBTD
61
Moody National Bank Trust Division
Texas
$252K – – –
RhumbLine Advisers
62
RhumbLine Advisers
Massachusetts
$238K +$61.3K +4,022 +30%
CGH
63
Crossmark Global Holdings
Texas
$232K +$17.7K +1,163 +7%
TS
64
True Signal
New York
$208K +$235K +15,398 New
Barclays
65
Barclays
United Kingdom
$199K +$4.9K +322 +2%
Verition Fund Management
66
Verition Fund Management
Connecticut
$198K +$223K +14,655 New
ACM
67
Aquatic Capital Management
Illinois
$187K +$210K +13,800 New
SSA
68
Schonfeld Strategic Advisors
New York
$185K +$42.6K +2,800 +26%
CS
69
Credit Suisse
Switzerland
$182K +$202K +13,234 +6,127%
DTL
70
Dynamic Technology Lab
Singapore
$169K +$191K +12,520 New
AllianceBernstein
71
AllianceBernstein
Tennessee
$153K +$172K +11,300 New
Stifel Financial
72
Stifel Financial
Missouri
$149K – – –
Point72 Asset Management
73
Point72 Asset Management
Connecticut
$142K -$1.53M -100,699 -91%
RJA
74
Raymond James & Associates
Florida
$139K -$851K -55,850 -84%
TWC
75
TD Waterhouse Canada
Ontario, Canada
$139K – – –
1 2
3
4 5

FWRG Hedge Fund Activity: Q4 2022 in Review

106 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q4 2022, worth a combined $768M — down 7% from $826M a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new FWRG positions and 20 closed out — a net gain of 7 holders — while 37 added to existing stakes and 28 trimmed.

The largest buyer was Invesco, opening a new position worth an estimated $13.1M. The largest seller was Advent International, cutting an estimated $10.3M.

  • 106 institutional investors held First Watch Restaurant Group (FWRG) as of Q4 2022, up from 100 in Q3 2022.
  • Funds reported $768M of First Watch Restaurant Group stock for Q4 2022, down 7% quarter-over-quarter.
  • 27 funds opened new First Watch Restaurant Group positions in Q4 2022 and 20 closed out, a net change of +7 holders.
  • The largest First Watch Restaurant Group buyer in Q4 2022 was Invesco, an estimated $13.1M added.
  • The largest First Watch Restaurant Group seller in Q4 2022 was Advent International, an estimated $10.3M sold.

Based on aggregated 13F filings for Q4 2022.