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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$56.6M |
| 2 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$22.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$22M |
| 4 |
PA
Paralel Advisors
Denver,
Colorado
|
+$20.4M |
| 5 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$18.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Advent International
Boston,
Massachusetts
|
-$156M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$7.9M |
| 3 |
Morgan Stanley
New York
|
-$6.46M |
| 4 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
-$4.64M |
| 5 |
Neuberger Berman Group
New York
|
-$4.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VI
151
Versor Investments
New York
| – | -$259K | -12,900 | Closed |
|
152
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
| – | -$41K | -2,047 | Closed |
|
153
Lazard Asset Management
New York
| – | -$41K | -2,047 | Closed |
|
|
A
154
AJOVista
Boston,
Massachusetts
| – | -$9.37K | -466 | Closed |
|
155
Group One Trading
Chicago,
Illinois
| – | -$2.01K | -100 | Closed |
|
|
CMBA
156
C.M. Bidwell & Associates
Honolulu,
Hawaii
| – | -$301 | -15 | Closed |
|
|
GWS
157
Glassman Wealth Services
Vienna,
Virginia
| – | -$281 | -14 | Closed |
|
|
S
158
SignatureFD
Atlanta,
Georgia
| – | -$281 | -14 | Closed |
|
|
C
159
Covestor
London,
United Kingdom
| – | -$23 | -1 | -17% |
|
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.