First Watch Restaurant Group
FWRG
137 hedge funds and large institutions have $1.15B invested in First Watch Restaurant Group in 2024 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 54 increasing their positions, 40 reducing their positions, and 31 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 40
2.79% more ownership
Funds ownership: 105.29% → 108.08% (+2.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 146 → 137 (-9)
26% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 31
26% less capital invested
Capital invested by funds: $1.55B → $1.15B (-$407M)
89% less call options, than puts
Call options by funds: $98K | Put options by funds: $856K
Top Buyers
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$34M |
| 2 |
JP Morgan Chase
New York
|
+$33.5M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$8.44M |
| 4 |
Goldman Sachs
New York
|
+$8.19M |
| 5 |
Neuberger Berman Group
New York
|
+$7.49M |
Top Sellers
FWRG Hedge Fund Activity: Q2 2024 in Review
137 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q2 2024, worth a combined $1.15B — down 26% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of FWRG and 23 opened new positions — a net loss of 8 holders — while 40 trimmed existing stakes and 54 added.
The largest buyer was Champlain Investment Partners, opening a new position worth an estimated $34M. The largest seller was Fidelity Investments, cutting an estimated $20.1M.
- 137 institutional investors held First Watch Restaurant Group (FWRG) as of Q2 2024, down from 146 in Q1 2024.
- Funds reported $1.15B of First Watch Restaurant Group stock for Q2 2024, down 26% quarter-over-quarter.
- 23 funds opened new First Watch Restaurant Group positions in Q2 2024 and 31 closed out, a net change of -8 holders.
- The largest First Watch Restaurant Group buyer in Q2 2024 was Champlain Investment Partners, an estimated $34M added.
- The largest First Watch Restaurant Group seller in Q2 2024 was Fidelity Investments, an estimated $20.1M sold.
Based on aggregated 13F filings for Q2 2024.