First Watch Restaurant Group
FWRG
99 hedge funds and large institutions have $914M invested in First Watch Restaurant Group in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 21 closing their positions.
1,625% more call options, than puts
Call options by funds: $138K | Put options by funds: $8K
28% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 29
19% more capital invested
Capital invested by funds: $768M → $914M (+$145M)
0.02% more ownership
Funds ownership: 95.94% → 95.96% (+0.02%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 106 → 99 (-7)
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$5.75M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.34M |
| 3 |
Millennium Management
New York
|
+$3.29M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.66M |
| 5 |
LGF
LGT Group Foundation
Vaduz,
Liechtenstein
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$11.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$5.74M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$2.42M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$2.34M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$1.14M |
FWRG Hedge Fund Activity: Q1 2023 in Review
99 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q1 2023, worth a combined $914M — up 19% from $768M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FWRG and 15 opened new positions — a net loss of 6 holders — while 29 trimmed existing stakes and 37 added.
The largest buyer was Gilder Gagnon Howe & Co, opening a new position worth an estimated $5.75M. The largest seller was Invesco, exiting entirely with an estimated $11.6M sold.
- 99 institutional investors held First Watch Restaurant Group (FWRG) as of Q1 2023, down from 106 in Q4 2022.
- Funds reported $914M of First Watch Restaurant Group stock for Q1 2023, up 19% quarter-over-quarter.
- 15 funds opened new First Watch Restaurant Group positions in Q1 2023 and 21 closed out, a net change of -6 holders.
- The largest First Watch Restaurant Group buyer in Q1 2023 was Gilder Gagnon Howe & Co, an estimated $5.75M added.
- The largest First Watch Restaurant Group seller in Q1 2023 was Invesco, an estimated $11.6M sold.
Based on aggregated 13F filings for Q1 2023.