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First Watch Restaurant Group
FWRG

146 hedge funds and large institutions have $1.55B invested in First Watch Restaurant Group in 2024 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 48 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

215% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 13

30% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 37

28% more capital invested

Capital invested by funds: $1.21B → $1.55B (+$341M)

23% more funds holding

Funds holding: 119 → 146 (+27)

4.46% more ownership

Funds ownership: 100.83% → 105.29% (+4.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

54% less call options, than puts

Call options by funds: $751K | Put options by funds: $1.63M

Holders
146
Holders Change
+27
Holders Change %
+22.69%
% of All Funds
2.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
41
Increased
48
Reduced
37
Closed
13
Calls
$751K
Puts
$1.63M
Net Calls
-$878K
Net Calls Change
-$291K

Top Buyers

Rank Fund Capital Flow
1
GGHC
Gilder Gagnon Howe & Co
New York
+$56.6M
2
FAM
Foxhaven Asset Management
Virginia
+$22.1M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$22M
4
PA
Paralel Advisors
Colorado
+$20.4M
5
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$18.4M

Top Sellers

Rank Fund Capital Flow
1
AI
Advent International
Massachusetts
-$156M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$7.9M
3
Morgan Stanley
Morgan Stanley
New York
-$6.46M
4
RCMC
RK Capital Management (Colorado)
Colorado
-$4.64M
5
Neuberger Berman Group
Neuberger Berman Group
New York
-$4.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
MIM
101
MetLife Investment Management
New Jersey
$298K – – –
Arrowstreet Capital
102
Arrowstreet Capital
Massachusetts
$271K +$249K +10,995 New
AIG
103
American International Group
New York
$270K -$2.13K -94 -0.9%
Jane Street
104
Jane Street
New York
$261K -$2.03M -89,582 -89%
ACM
105
Accent Capital Management
Ohio
$259K – – –
A
106
AlphaQuest
New York
$239K +$219K +9,688 New
TWC
107
TD Waterhouse Canada
Ontario, Canada
$234K – – –
Deutsche Bank
108
Deutsche Bank
Germany
$233K +$24.2K +1,067 +13%
LA
109
LVW Advisors
New York
$227K +$209K +9,212 New
Janus Henderson Group
110
Janus Henderson Group
United Kingdom
$226K +$208K +9,196 New
GCP
111
GSA Capital Partners
United Kingdom
$225K +$207K +9,138 New
Envestnet Asset Management
112
Envestnet Asset Management
Illinois
$224K +$206K +9,083 New
MFS
113
Mirabella Financial Services
United Kingdom
$206K +$189K +8,346 New
QC
114
Quent Capital
New York
$172K +$159K +7,000 New
Zurich Cantonal Bank
115
Zurich Cantonal Bank
Switzerland
$130K – – –
SOW
116
State of Wyoming
Wyoming
$116K -$88.5K -3,906 -45%
Simplex Trading
117
Simplex Trading
Illinois
$98K +$90.2K +3,983 New
Royal Bank of Canada
118
Royal Bank of Canada
Ontario, Canada
$94K -$72.1K -3,185 -45%
SS
119
Sunbelt Securities
Texas
$64.6K +$59.4K +2,622 New
PNC Financial Services Group
120
PNC Financial Services Group
Pennsylvania
$57.7K +$747 +33 +1%
AIP
121
Ameritas Investment Partners
Nebraska
$54.8K – – –
Bessemer Group
122
Bessemer Group
New Jersey
$38K – – –
EC
123
EntryPoint Capital
New York
$34.7K +$1.56K +69 +5%
MLICM
124
Metropolitan Life Insurance Company (MetLife)
New York
$32.9K – – –
FFA
125
Farther Finance Advisors
California
$31.9K – – –
3 4
5
6 7

FWRG Hedge Fund Activity: Q1 2024 in Review

146 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q1 2024, worth a combined $1.55B — up 28% from $1.21B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new FWRG positions and 13 closed out — a net gain of 28 holders — while 48 added to existing stakes and 37 trimmed.

The largest buyer was Gilder Gagnon Howe & Co, adding an estimated $56.6M. The largest seller was Advent International, cutting an estimated $156M.

  • 146 institutional investors held First Watch Restaurant Group (FWRG) as of Q1 2024, up from 119 in Q4 2023.
  • Funds reported $1.55B of First Watch Restaurant Group stock for Q1 2024, up 28% quarter-over-quarter.
  • 41 funds opened new First Watch Restaurant Group positions in Q1 2024 and 13 closed out, a net change of +28 holders.
  • The largest First Watch Restaurant Group buyer in Q1 2024 was Gilder Gagnon Howe & Co, an estimated $56.6M added.
  • The largest First Watch Restaurant Group seller in Q1 2024 was Advent International, an estimated $156M sold.

Based on aggregated 13F filings for Q1 2024.