First Watch Restaurant Group
FWRG
125 hedge funds and large institutions have $1.03B invested in First Watch Restaurant Group in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 33 reducing their positions, and 15 closing their positions.
73% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 15
55% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 33
10% more funds holding
Funds holding: 114 → 125 (+11)
6% more capital invested
Capital invested by funds: $967M → $1.03B (+$60.4M)
3.59% more ownership
Funds ownership: 96.21% → 99.8% (+3.6%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
35% less call options, than puts
Call options by funds: $523K | Put options by funds: $805K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Foxhaven Asset Management
Charlottesville,
Virginia
|
+$13.4M |
| 2 |
BlackRock
New York
|
+$11.7M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$10M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$9.53M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$8.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$15.2M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$11.8M |
| 3 |
Goldman Sachs
New York
|
-$10.2M |
| 4 |
AI
Advent International
Boston,
Massachusetts
|
-$8.3M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.53M |
FWRG Hedge Fund Activity: Q3 2023 in Review
125 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q3 2023, worth a combined $1.03B — up 6.3% from $967M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FWRG positions and 15 closed out — a net gain of 11 holders — while 51 added to existing stakes and 33 trimmed.
The largest buyer was Foxhaven Asset Management, opening a new position worth an estimated $13.4M. The largest seller was Citadel Advisors, cutting an estimated $15.2M.
- 125 institutional investors held First Watch Restaurant Group (FWRG) as of Q3 2023, up from 114 in Q2 2023.
- Funds reported $1.03B of First Watch Restaurant Group stock for Q3 2023, up 6.3% quarter-over-quarter.
- 26 funds opened new First Watch Restaurant Group positions in Q3 2023 and 15 closed out, a net change of +11 holders.
- The largest First Watch Restaurant Group buyer in Q3 2023 was Foxhaven Asset Management, an estimated $13.4M added.
- The largest First Watch Restaurant Group seller in Q3 2023 was Citadel Advisors, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2023.