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First Watch Restaurant Group
FWRG

134 hedge funds and large institutions have $1.02B invested in First Watch Restaurant Group in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 63 increasing their positions, 29 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 29

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

0.21% more ownership

Funds ownership: 108.08% → 108.29% (+0.21%)

7% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 30

2% less funds holding

Funds holding: 137 → 134 (-3)

11% less capital invested

Capital invested by funds: $1.15B → $1.02B (-$127M)

16% less call options, than puts

Call options by funds: $460K | Put options by funds: $546K

Holders
134
Holders Change
-3
Holders Change %
-2.19%
% of All Funds
1.92%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
28
Increased
63
Reduced
29
Closed
30
Calls
$460K
Puts
$546K
Net Calls
-$86K
Net Calls Change
+$672K

Top Buyers

1
1WCM
12 West Capital Management
New York
+$16.5M
2
GKIM
GW&K Investment Management
Massachusetts
+$10.5M
3
MOACM
Mutual of America Capital Management
New York
+$5.87M
4
JP Morgan Chase
JP Morgan Chase
New York
+$5.82M
5
GIM
Granahan Investment Management
Massachusetts
+$5.69M

Top Sellers

1
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
-$18.4M
2
Macquarie Group
Macquarie Group
Australia
-$15.8M
3
Capital Research Global Investors
Capital Research Global Investors
California
-$13.6M
4
GGHC
Gilder Gagnon Howe & Co
New York
-$10.2M
5
OCM
Osterweis Capital Management
California
-$8.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
AI
1
Advent International
Massachusetts
$424M – – –
GGHC
2
Gilder Gagnon Howe & Co
New York
$37.9M -$10.2M -638,322 -21%
BlackRock
3
BlackRock
New York
$36.2M +$3.09M +194,254 +9%
JP Morgan Chase
4
JP Morgan Chase
New York
$31M +$5.82M +366,227 +23%
FAM
5
Foxhaven Asset Management
Virginia
$29.9M -$1.62M -101,629 -5%
Vanguard Group
6
Vanguard Group
Pennsylvania
$29.2M +$2.34M +146,965 +9%
1WCM
7
12 West Capital Management
New York
$26.1M +$16.5M +1,035,000 +162%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$26M +$4.43M +278,412 +20%
CIP
9
Champlain Investment Partners
Vermont
$25.3M -$85K -5,344 -0.3%
Manulife (Manufacturers Life Insurance)
10
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$23.9M +$3.06M +192,471 +14%
Brown Advisory
11
Brown Advisory
Maryland
$22.8M +$244K +15,339 +1%
Federated Hermes
12
Federated Hermes
Pennsylvania
$21.1M – – –
GKIM
13
GW&K Investment Management
Massachusetts
$18.7M +$10.5M +660,187 +123%
GIM
14
Granahan Investment Management
Massachusetts
$16.1M +$5.69M +357,749 +53%
Franklin Resources
15
Franklin Resources
California
$16M +$2.18M +136,871 +14%
PA
16
Paralel Advisors
Colorado
$14M – – –
Neuberger Berman Group
17
Neuberger Berman Group
New York
$13.5M -$58.7K -3,690 -0.4%
Wellington Management Group
18
Wellington Management Group
Massachusetts
$12.7M +$946K +59,508 +8%
DAM
19
Deepwater Asset Management
Minnesota
$12.5M +$1.7M +106,976 +15%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$12M +$1.45M +91,416 +13%
Bank of America
21
Bank of America
North Carolina
$10.7M +$2.28M +143,585 +26%
State Street
22
State Street
Massachusetts
$10.4M +$1.27M +79,744 +14%
WCM Investment Management
23
WCM Investment Management
California
$10.3M -$96.3K -6,055 -0.9%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$9.76M +$863K +54,282 +10%
UBS AM
25
UBS AM
Illinois
$8.91M -$31.9K -2,006 -0.4%
1
2 3 4 5

FWRG Hedge Fund Activity: Q3 2024 in Review

134 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in First Watch Restaurant Group (FWRG) for Q3 2024, worth a combined $1.02B — down 11% from $1.15B a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of FWRG and 28 opened new positions — a net loss of 2 holders — while 29 trimmed existing stakes and 63 added.

The largest buyer was 12 West Capital Management, adding an estimated $16.5M. The largest seller was Loomis, Sayles & Company, exiting entirely with an estimated $18.4M sold.

  • 134 institutional investors held First Watch Restaurant Group (FWRG) as of Q3 2024, down from 137 in Q2 2024.
  • Funds reported $1.02B of First Watch Restaurant Group stock for Q3 2024, down 11% quarter-over-quarter.
  • 28 funds opened new First Watch Restaurant Group positions in Q3 2024 and 30 closed out, a net change of -2 holders.
  • The largest First Watch Restaurant Group buyer in Q3 2024 was 12 West Capital Management, an estimated $16.5M added.
  • The largest First Watch Restaurant Group seller in Q3 2024 was Loomis, Sayles & Company, an estimated $18.4M sold.

Based on aggregated 13F filings for Q3 2024.