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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$20.3M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$12.5M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$11M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$7.46M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$6.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Advent International
Boston,
Massachusetts
|
-$116M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$2.28M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$1.7M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$1.37M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$1.21M |
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.