FIRST WATCH RESTAURANT GROUP (FWRG) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling FWRG?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for FIRST WATCH RESTAURANT GROUP, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on FWRG?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for FIRST WATCH RESTAURANT GROUP.

Is institutional money flowing into FWRG?

115 institutional investors hold FIRST WATCH RESTAURANT GROUP (FWRG). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about FWRG?

Track institutional sentiment and conviction scores for FIRST WATCH RESTAURANT GROUP (FWRG) including Smart Money Verdict and position changes on HoldingsIntel.

FIRST WATCH RESTAURANT GROUP

FWRG·33748L101·US·equity·Consumer Cyclical - Restaurants-13D/G

FWRG (FIRST WATCH RESTAURANT GROUP) is held by 115 institutional investors as of Q4 2025. Largest holders: FMR LLC ($81.4M), BlackRock, Inc. ($56.2M), VANGUARD GROUP INC ($50.1M). Net institutional sentiment: Mixed.

115

Holders

Avg rating(9 Elite)

$827M

Total Value

65% (126)

Fund Consensus

79 buying - 42 selling

Smart Money Verdict

View all

42Weak MomentumSplit Signals

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See how FWRG's score breaks down across 4 SEC sources

Held by 115 funds

9 elite

Who's Trading

Activist

Bank of New York Mellon Corp

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
FMR LLC	Increased	5.4M(+112.2%)	$81.4M	0.0%	-22.02%	48
BlackRock, Inc.	Increased	3.7M(+19.5%)	$56.2M	0.0%	-29.79%	35
VANGUARD GROUP INC	Increased	3.3M(+15.0%)	$50.1M	0.0%	-22.95%	34
Neuberger Berman Group LLC	Increased	3.1M(+103.2%)	$46.9M	0.0%	-21.33%	47
DIMENSIONAL FUND ADVISORS LP	Increased	2.6M(+5.5%)	$38.8M	0.0%	-31.03%	31
Woodline Partners LP	Increased	2.1M(+64.6%)	$32.2M	0.1%	-20.28%	50
GGGILDER GAGNON HOWE & CO LLC	Decreased	2.1M(-3.0%)	$31.4M	0.3%	-44.29%	0
Bank of New York Mellon Corp	Increased	2M(+7.5%)	$30.3M	0.0%	-22.12%	31
JPMORGAN CHASE & CO	Decreased	1.9M(-4.8%)	$28.4M	0.0%	-32.83%	0
LOOMIS SAYLES & CO L P	Increased	1.9M(+7.6%)	$28M	0.0%	-22.32%	31
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Increased	1.9M(+5.6%)	$27.9M	0.0%	-25.54%	30
LAZARD ASSET MANAGEMENT LLC	Decreased	1.6M(-23.6%)	$24.5M	0.0%	-32.03%	0
GEODE CAPITAL MANAGEMENT, LLC	Increased	1.2M(+11.3%)	$18.1M	0.0%	-25.45%	31
SILVERCREST ASSET MANAGEMENT GROUP LLC	Decreased	1.2M(-7.4%)	$17.8M	0.1%	-24.24%	0
CIChamplain Investment Partners, LLC	Decreased	1.1M(-40.8%)	$17.2M	0.2%	-30.80%	0
STATE STREET CORP	Increased	1.1M(+15.4%)	$16.5M	0.0%	-31.54%	32
GOLDMAN SACHS GROUP INC	Decreased	1.1M(-22.6%)	$16.3M	0.0%	-24.17%	0
MetLife Investment Management, LLC	Increased	1.1M(+0.5%)	$16.1M	0.1%	-25.44%	28
WELLINGTON MANAGEMENT GROUP LLP	Decreased	1.1M(-5.5%)	$16.1M	0.0%	-35.49%	0
FRANKLIN RESOURCES INC	Increased	1M(+10.3%)	$15.8M	0.0%	-39.46%	31
FRED ALGER MANAGEMENT, LLC	Increased	1M(+183.9%)	$15.6M	0.1%	-19.18%	45
CITADEL ADVISORS LLC	Decreased	931,728(-36.9%)	$14.1M	0.0%	-21.91%	0
FEDERATED HERMES, INC.	Decreased	912,000(-8.6%)	$13.8M	0.0%	-27.29%	0
UBS Group AG	Increased	909,250(+9.8%)	$13.7M	0.0%	-31.59%	31
NEW YORK STATE COMMON RETIREMENT FUND	Increased	706,138(+6.5%)	$10.6M	0.0%	-28.40%	30
Russell Investments Group, Ltd.	Increased	688,715(+102.0%)	$10.4M	0.0%	-21.79%	45
BANK OF AMERICA CORP /DE/	Decreased	595,450(-30.3%)	$9M	0.0%	-27.69%	0
MORGAN STANLEY	Increased	530,690(+16.5%)	$8M	0.0%	-24.85%	32
MWMARSHALL WACE, LLP	Decreased	527,692(-67.8%)	$8M	0.0%	-25.53%	0
NORTHERN TRUST CORP	Increased	488,979(+3.4%)	$7.4M	0.0%	-24.47%	28
Squarepoint Ops LLC	Increased	464,901(+18.8%)	$7M	0.0%	-21.79%	32
WASATCH ADVISORS LP	Increased	451,868(+22.2%)	$6.8M	0.0%	-30.30%	33
Clearbridge Investments, LLC	Decreased	439,682(-7.3%)	$6.6M	0.0%	-32.82%	0
Qube Research & Technologies Ltd	Increased	433,912(+495.3%)	$6.5M	0.0%	-18.36%	44
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	411,754(+6.3%)	$6.2M	0.0%	-25.60%	29
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Increased	383,960(+1.0%)	$5.8M	0.1%	-21.95%	27
Allspring Global Investments Holdings, LLC	Increased	340,456(+1.6%)	$5.2M	0.0%	-22.13%	27
ExodusPoint Capital Management, LP	Increased	290,791(+221.6%)	$4.4M	0.0%	-19.00%	43
WELLS FARGO & COMPANY/MN	Increased	262,232(+160.9%)	$4M	0.0%	-21.69%	43
AMERIPRISE FINANCIAL INC	Increased	242,776(+61.0%)	$3.7M	0.0%	-22.95%	38
SEI INVESTMENTS CO	Increased	238,693(+47.2%)	$3.6M	0.0%	-24.84%	36
BROWN ADVISORY INC	Decreased	228,460(-75.4%)	$3.4M	0.0%	-24.72%	0
FIRST TRUST ADVISORS LP	Increased	214,816(+33.2%)	$3.2M	0.0%	-21.75%	34
ROYCE & ASSOCIATES LP	New	133,000	$2M	0.0%	-17.61%	36
Man Group plc	Increased	124,027(+49.3%)	$1.9M	0.0%	-20.54%	36
Swiss National Bank	Increased	108,300(+22.1%)	$1.6M	0.0%	-25.01%	31
AMERICAN CENTURY COMPANIES INC	Increased	98,416(+7.4%)	$1.5M	0.0%	-25.11%	27
LPL Financial LLC	Increased	95,538(+7.9%)	$1.4M	0.0%	-24.88%	28
ENVESTNET ASSET MANAGEMENT INC	Increased	92,353(+31.2%)	$1.4M	0.0%	-26.09%	32
Invesco Ltd.	Increased	89,637(+31.7%)	$1.4M	0.0%	-23.59%	32
TWO SIGMA INVESTMENTS, LP	Increased	86,090(+127.8%)	$1.3M	0.0%	-26.36%	41
BARCLAYS PLC	Decreased	85,916(-15.3%)	$1.3M	0.0%	-22.58%	0
RAYMOND JAMES FINANCIAL INC	Decreased	82,533(-39.1%)	$1.2M	0.0%	-28.10%	0
XTX Topco Ltd	New	76,662	$1.2M	0.0%	-17.61%	35
NUNuveen, LLC	Increased	74,480(+13.8%)	$1.1M	0.0%	-25.23%	29
TWO SIGMA ADVISERS, LP	Increased	74,400(+268.3%)	$1.1M	0.0%	-22.47%	41
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Increased	74,199(+15.9%)	$1.1M	0.0%	-36.01%	29
STRS OHIO	New	69,400	$1M	0.0%	-17.61%	35
Brevan Howard Capital Management LP	Increased	66,777(+156.4%)	$1M	0.0%	-19.81%	40
Jefferies Financial Group Inc.	New	65,000	$980,200	0.0%	-17.61%	35
CAPTRUST FINANCIAL ADVISORS	Increased	60,377(+75.9%)	$910,485	0.0%	-20.77%	38
RHUMBLINE ADVISERS	Decreased	58,659(-3.9%)	$884,568	0.0%	-21.91%	0
MILLENNIUM MANAGEMENT LLC	Decreased	57,258(-91.8%)	$863,451	0.0%	-22.09%	0
VICTORY CAPITAL MANAGEMENT INC	Increased	57,000(+3.3%)	$859,560	0.0%	-22.59%	26
Legal & General Group Plc	Decreased	49,599(-12.5%)	$747,952	0.0%	-28.46%	0
ALLIANCEBERNSTEIN L.P.	Increased	49,360(+36.9%)	$744,349	0.0%	-24.56%	32
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Increased	46,092(+1.8%)	$695,067	0.0%	-24.98%	25
PEAK6 LLC	New	46,003	$693,725	0.0%	-17.61%	34
Cerity Partners LLC	New	45,793	$690,559	0.0%	-17.61%	34
$DEUTSCHE BANK AG\$ DEUTSCHE BANK AG\	Increased	45,108(+23.6%)	$680,229	0.0%	-25.70%	30
JANE STREET GROUP, LLC	Decreased	40,602(-44.3%)	$612,278	0.0%	-22.26%	0
Universal- Beteiligungs- und Servicegesellschaft mbH	Increased	40,407(+10.3%)	$609,338	0.0%	-27.68%	27
CANADA PENSION PLAN INVESTMENT BOARD	Increased	39,700(+159.5%)	$598,676	0.0%	-19.74%	39
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Decreased	39,035(-53.5%)	$588,648	0.0%	-28.67%	0
Magnetar Financial LLC	Increased	37,609(+99.2%)	$567,144	0.0%	-19.83%	39
ROYAL BANK OF CANADA	Decreased	35,783(-61.8%)	$540,000	0.0%	-27.57%	0
EGEngineers Gate Manager LP	Increased	34,830(+194.6%)	$525,236	0.0%	-19.53%	39
Sumitomo Mitsui Trust Group, Inc.	Increased	29,931(+86.3%)	$451,359	0.0%	-22.55%	37
COMMERCE BANK	Increased	29,868(+18.2%)	$450,408	0.0%	-24.75%	28
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Increased	25,577(+21.3%)	$385,701	0.0%	-25.55%	28
Boston Partners	New	23,790	$358,750	0.0%	-17.61%	33
Verition Fund Management LLC	Decreased	23,498(-42.5%)	$354,350	0.0%	-22.56%	0
PNC FINANCIAL SERVICES GROUP, INC.	Increased	23,450(+1.9%)	$353,626	0.0%	-27.12%	24
JANUS HENDERSON GROUP PLC	Unchanged	16,969	$255,893	0.0%	-33.08%	0
INTECH INVESTMENT MANAGEMENT LLC	Increased	16,041(+11.1%)	$241,898	0.0%	-31.69%	26
AQR CAPITAL MANAGEMENT LLC	New	15,894	$239,681	0.0%	-17.61%	32
Arizona State Retirement System	Increased	15,295(+13.2%)	$230,649	0.0%	-30.27%	26
ZKZurcher Kantonalbank (Zurich Cantonalbank)	Increased	14,160(+44.4%)	$213,533	0.0%	-19.30%	31
Police & Firemen's Retirement System of New Jersey	Increased	13,751(+21.8%)	$207,365	0.0%	-27.29%	27
KLP KAPITALFORVALTNING AS	Decreased	12,500(-23.8%)	$188,500	0.0%	-33.08%	0
TRUIST FINANCIAL CORP	New	12,313	$185,680	0.0%	-17.61%	31
BNP PARIBAS FINANCIAL MARKETS	Decreased	12,124(-41.5%)	$182,830	0.0%	-23.66%	0
Quantinno Capital Management LP	New	11,829	$178,381	0.0%	-17.61%	31
Sanctuary Advisors, LLC	New	10,748	$162,080	0.0%	-17.61%	31
ProShare Advisors LLC	Decreased	10,018(-35.5%)	$151,070	0.0%	-21.91%	0
Kestra Advisory Services, LLC	New	7,371	$111,155	0.0%	-17.61%	30
CITIGROUP INC	Decreased	6,960(-61.6%)	$104,957	0.0%	-32.85%	0
COMERICA BANK	Decreased	6,385(-25.6%)	$96,286	0.0%	-27.05%	0
Rockefeller Capital Management L.P.	New	4,153	$62,627	0.0%	-17.61%	29
ASSETMARK, INC	Increased	3,545(+19.8%)	$53,459	0.0%	-25.59%	24
$US BANCORP \DE\$ US BANCORP \DE\	Decreased	2,195(-55.4%)	$33,100	0.0%	-23.13%	0
FIFTH THIRD BANCORP	Unchanged	1,696	$25,576	0.0%	-23.01%	0
OSAIC HOLDINGS, INC.	Decreased	1,478(-34.3%)	$22,288	0.0%	-26.77%	0
JONES FINANCIAL COMPANIES LLLP	Decreased	930(-49.7%)	$14,024	0.0%	-21.91%	0
NISA INVESTMENT ADVISORS, LLC	Increased	848(+113.1%)	$12,788	0.0%	-21.01%	19
HUNTINGTON NATIONAL BANK	Decreased	451(-1.3%)	$6,802	0.0%	-23.18%	0
Optiver Holding B.V.	Increased	374(+45.0%)	$5,640	0.0%	-20.63%	14
LOS ANGELES CAPITAL MANAGEMENT LLC	New	195	$3,216	0.0%	-17.61%	21
CIBC Private Wealth Group LLC	New	213	$3,212	0.0%	-17.61%	21
Farther Finance Advisors, LLC	Unchanged	110	$1,659	0.0%	-26.56%	0
Steward Partners Investment Advisory, LLC	Unchanged	77	$1,161	0.0%	-24.52%	0
PRICE T ROWE ASSOCIATES INC /MD/	Increased	30,254(+24.4%)	$457	0.0%	-26.84%	9
Allworth Financial LP	Unchanged	2	$31	0.0%	-21.91%	0
NATIONAL BANK OF CANADA /FI/	New	2	$30	0.0%	-17.61%	17
BNP Paribas Asset Management Holding S.A.	Increased	502(+66.2%)	$8	0.0%	-20.96%	11
MAVERICK CAPITAL LTD	Exited	0(-100.0%)	$8M	0.0%	-5.96%	0
WCM INVESTMENT MANAGEMENT, LLC	Exited	0(-100.0%)	$11.7M	0.0%	-33.58%	0
BALYASNY ASSET MANAGEMENT L.P.	Exited	0(-100.0%)	$12.7M	0.0%	-5.67%	0
Jain Global LLC	Exited	0(-100.0%)	$5.8M	0.0%	-5.23%	0
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Exited	0(-100.0%)	$516	0.0%	-5.23%	0
Hudson Bay Capital Management LP	Exited	0(-100.0%)	$4.9M	0.0%	-5.23%	0
Walleye Capital LLC	Exited	0(-100.0%)	$422,280	0.0%	-5.23%	0
B. Metzler seel. Sohn & Co. AG	Exited	0(-100.0%)	$1.7M	0.0%	-33.74%	0
SIMPLEX TRADING, LLC	Exited	0(-100.0%)	$354	0.0%	-6.07%	0
Trexquant Investment LP	Exited	0(-100.0%)	$198,174	0.0%	-5.23%	0
MATHER GROUP, LLC.	Exited	0(-100.0%)	$4,692	0.0%	-5.23%	0

FIRST WATCH RESTAURANT GROUP

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