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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
+$9.89M |
| 2 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$5.79M |
| 3 |
1WCM
12 West Capital Management
New York
|
+$5.77M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.28M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$8.37M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$6.19M |
| 3 |
LCP
LGT Capital Partners
Pfaeffikon,
Switzerland
|
-$5.23M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$3.26M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
-$2.97M |
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.