Who owns First Watch Restaurant Group (FWRG)
Which tracked institutional funds hold FWRG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FWRG company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
80 tracked funds added or opened FWRG while 28 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
FWRG’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes FWRG more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in FWRG divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 199 tracked filers holding FWRG, 120 increased or opened the position and 103 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in FWRG between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 9
- Woodline Partners LP$11M
- Western Standard LLC$7M
- JANE STREET GROUP, LLC$6M
- Hudson Bay Capital Management LP$5M
- Verition Fund Management LLC$3M
- PANAGORA ASSET MANAGEMENT INC$3M
Full exits 9
- GW&K Investment Management, LLC$21M
- SILVERCREST ASSET MANAGEMENT GROUP LLC$11M
- FEDERATED HERMES, INC.$5M
- WASATCH ADVISORS LP$5M
- LOOMIS SAYLES & CO L P$3M
- HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC$2M
Largest adds
- BlackRock, Inc.$16M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$14M
- BALYASNY ASSET MANAGEMENT L.P.$13M
- EMERALD ADVISERS, LLC$10M
- Stephens Investment Management Group LLC$8M
- Qube Research & Technologies Ltd$8M
Largest trims
- FMR LLC$20M
- NEUBERGER BERMAN GROUP LLC$11M
- LAZARD ASSET MANAGEMENT LLC$8M
- GILDER GAGNON HOWE & CO LLC$6M
- MORGAN STANLEY$6M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$6M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 4,534,132 | $58M | 7.4% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 3,823,982 | $49M | 6.2% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 3,719,038 | $48M | 6.0% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,596,946 | $33M | 4.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 2,453,594 | $32M | 4.0% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 2,192,811 | $28M | 3.6% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 2,069,037 | $27M | 3.4% | 2026-Q2 |
| Stephens Investment Management Group LLC added | 1,953,921 | $25M | 3.2% | 2026-Q2 |
| Hodges Capital Management Inc. added | 1,592,384 | $21M | 2.6% | 2026-Q2 |
| EMERALD ADVISERS, LLC added | 1,526,759 | $20M | 2.5% | 2026-Q2 |
| BWCP, LP added | 1,502,614 | $19M | 2.4% | 2026-Q2 |
| Penn Capital Management Company, LLC added | 1,472,751 | $19M | 2.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,444,283 | $19M | 2.3% | 2026-Q2 |
| STATE STREET CORP added | 1,404,572 | $18M | 2.3% | 2026-Q2 |
| Granahan Investment Management, LLC added | 1,363,852 | $18M | 2.2% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 1,348,632 | $17M | 2.2% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 1,211,627 | $16M | 2.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 1,069,289 | $14M | 1.7% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 981,955 | $13M | 1.6% | 2026-Q2 |
| Paralel Advisors LLC | 900,000 | $12M | 1.5% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 846,050 | $11M | 1.4% | 2026-Q2 |
| EMERALD MUTUAL FUND ADVISERS TRUST added | 823,954 | $11M | 1.3% | 2026-Q2 |
| NOMURA HOLDINGS INC added | 820,809 | $11M | 1.3% | 2026-Q2 |
| Woodline Partners LP trimmed | 816,586 | $11M | 1.3% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 779,810 | $10M | 1.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 758,854 | $10M | 1.2% | 2026-Q2 |
| Champlain Investment Partners, LLC trimmed | 745,333 | $10M | 1.2% | 2026-Q2 |
| MORGAN STANLEY trimmed | 708,261 | $9M | 1.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 650,156 | $8M | 1.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 649,571 | $8M | 1.1% | 2026-Q2 |
| UBS Group AG trimmed | 576,567 | $7M | 0.9% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 556,352 | $7M | 0.9% | 2026-Q2 |
| Western Standard LLC new | 513,240 | $7M | 0.8% | 2026-Q2 |
| NORTHERN TRUST CORP added | 508,859 | $7M | 0.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 497,128 | $6M | 0.8% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 462,831 | $6M | 0.8% | 2026-Q2 |
| Clearbridge Investments, LLC added | 428,269 | $6M | 0.7% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 422,637 | $5M | 0.7% | 2026-Q2 |
| BROWN ADVISORY INC added | 403,737 | $5M | 0.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 402,045 | $5M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 397,555 | $5M | 0.6% | 2026-Q2 |
| Quantinno Capital Management LP added | 388,652 | $5M | 0.6% | 2026-Q2 |
| Empowered Funds, LLC added | 362,916 | $5M | 0.6% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 353,827 | $5M | 0.6% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 341,123 | $4M | 0.6% | 2026-Q2 |
| ArrowMark Colorado Holdings LLC trimmed | 324,343 | $4M | 0.5% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC trimmed | 324,194 | $4M | 0.5% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 322,940 | $4M | 0.5% | 2026-Q2 |
| Ancora Advisors LLC added | 319,802 | $4M | 0.5% | 2026-Q2 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. added | 314,117 | $4M | 0.5% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 311,327 | $4M | 0.5% | 2026-Q2 |
| KORNITZER CAPITAL MANAGEMENT INC /KS | 310,837 | $4M | 0.5% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 287,727 | $4M | 0.5% | 2026-Q2 |
| Corient Private Wealth LP added | 285,062 | $4M | 0.5% | 2026-Q2 |
| CITIGROUP INC added | 253,832 | $3M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 252,823 | $3M | 0.4% | 2026-Q2 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC trimmed | 244,146 | $3M | 0.4% | 2026-Q2 |
| Avory & Company, LLC trimmed | 228,237 | $3M | 0.4% | 2026-Q2 |
| Verition Fund Management LLC added | 220,122 | $3M | 0.4% | 2026-Q2 |
| PANAGORA ASSET MANAGEMENT INC new | 218,530 | $3M | 0.4% | 2026-Q2 |
| Access Investment Management LLC added | 212,719 | $3M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 205,989 | $3M | 0.3% | 2026-Q2 |
| First Dallas Securities Inc. added | 177,250 | $2M | 0.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 176,566 | $2M | 0.3% | 2026-Q2 |
| 1492 Capital Management LLC trimmed | 170,147 | $2M | 0.3% | 2026-Q2 |
| Diametric Capital, LP added | 165,674 | $2M | 0.3% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC new | 150,157 | $2M | 0.2% | 2026-Q2 |
| RICE HALL JAMES & ASSOCIATES, LLC trimmed | 138,372 | $2M | 0.2% | 2026-Q2 |
| Graham Capital Management, L.P. added | 135,621 | $2M | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 125,218 | $2M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 122,401 | $2M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 119,600 | $2M | 0.2% | 2026-Q2 |
| GILDER GAGNON HOWE & CO LLC trimmed | 116,809 | $2M | 0.2% | 2026-Q2 |
| MOODY NATIONAL BANK TRUST DIVISION added | 112,679 | $1M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 108,743 | $1M | 0.2% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 104,278 | $1M | 0.2% | 2026-Q2 |
| MARSHALL WACE, LLP added | 100,623 | $1M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 98,083 | $1M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 92,917 | $1M | 0.2% | 2026-Q2 |
| LANARK FINANCIAL, INC. added | 87,983 | $1M | 0.1% | 2026-Q2 |
| Man Group plc added | 80,897 | $1M | 0.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 79,100 | $1M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 77,712 | $1M | 0.1% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 77,000 | $993K | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 75,483 | $973K | 0.1% | 2026-Q2 |
| WHITE PINE CAPITAL LLC added | 72,747 | $938K | 0.1% | 2026-Q2 |
| Creative Planning added | 72,486 | $934K | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 70,899 | $903K | 0.1% | 2026-Q2 |
| VARCOV Co. trimmed | 66,622 | $859K | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 64,736 | $834K | 0.1% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. | 62,393 | $804K | 0.1% | 2026-Q2 |
| Boston Partners trimmed | 61,373 | $791K | 0.1% | 2026-Q2 |
| Arkadios Wealth Advisors trimmed | 60,571 | $781K | 0.1% | 2026-Q2 |
| Numerai GP LLC trimmed | 60,568 | $781K | 0.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 59,300 | $764K | 0.1% | 2026-Q2 |
| ARMISTICE CAPITAL, LLC added | 59,278 | $764K | 0.1% | 2026-Q2 |
| Accurate Wealth Management, LLC trimmed | 58,312 | $727K | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 57,158 | $737K | 0.1% | 2026-Q2 |
| XTX Topco Ltd trimmed | 56,456 | $728K | 0.1% | 2026-Q2 |
| Jefferies Financial Group Inc. trimmed | 51,200 | $660K | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.