| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| FMR LLC | 11% | +23% | $100,503,283 | +$19,084,886 | 6,664,674 | +23% | FMR LLC | 30 Jan 2026 |
| VANGUARD GROUP INC | 5.4% | $50,079,609 | 3,320,929 | The Vanguard Group | 31 Dec 2025 | |||
| BlackRock, Inc. | 5.1% | $48,729,548 | 3,115,700 | BlackRock, Inc. | 30 Sep 2025 | |||
| Neuberger Berman Group LLC | 5.1% | $46,893,673 | 3,109,660 | Neuberger Berman Group LLC | 31 Dec 2025 |
As of 31 Dec 2025, 203 institutional investors reported holding 70,034,468 shares of First Watch Restaurant Group, Inc. - COMMON STOCK (FWRG). This represents 115% of the company’s total 61,143,797 outstanding shares.
The largest institutional shareholders of First Watch Restaurant Group, Inc. - COMMON STOCK (FWRG) together control 78% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| FMR LLC | 8.8% | 5,399,098 | +112% | 0% | $81,418,398 |
| BlackRock, Inc. | 6.1% | 3,728,708 | +20% | 0% | $56,228,917 |
| VANGUARD GROUP INC | 5.4% | 3,320,929 | +15% | 0% | $50,079,610 |
| NEUBERGER BERMAN GROUP LLC | 5.1% | 3,109,660 | +103% | 0.03% | $46,893,673 |
| DIMENSIONAL FUND ADVISORS LP | 4.2% | 2,576,182 | +5.5% | 0.01% | $38,848,674 |
| Woodline Partners LP | 3.5% | 2,137,899 | +65% | 0.12% | $32,239,517 |
| GILDER GAGNON HOWE & CO LLC | 3.4% | 2,081,672 | -3% | 0.33% | $31,391,614 |
| GW&K Investment Management, LLC | 3.3% | 2,032,631 | +18% | 0.27% | $30,653,000 |
| Bank of New York Mellon Corp | 3.3% | 2,011,613 | +7.5% | 0.01% | $30,335,118 |
| JPMORGAN CHASE & CO | 3.1% | 1,882,671 | -4.8% | 0% | $28,390,678 |
| LOOMIS SAYLES & CO L P | 3% | 1,857,812 | +7.6% | 0.03% | $28,015,805 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 3% | 1,850,876 | +5.6% | 0.02% | $27,911,210 |
| LAZARD ASSET MANAGEMENT LLC | 2.7% | 1,626,821 | -24% | 0.04% | $24,532,467 |
| Granahan Investment Management, LLC | 2.4% | 1,451,237 | -13% | 0.94% | $21,884,654 |
| Stephens Investment Management Group LLC | 2.2% | 1,367,051 | +47% | 0.27% | $20,615,129 |
| GEODE CAPITAL MANAGEMENT, LLC | 2% | 1,202,460 | +11% | 0% | $18,136,489 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | 1.9% | 1,181,594 | -7.4% | 0.12% | $17,818,438 |
| Champlain Investment Partners, LLC | 1.9% | 1,137,880 | -41% | 0.17% | $17,159,230 |
| Penn Capital Management Company, LLC | 1.9% | 1,131,552 | +0.55% | 1.4% | $17,102,070 |
| RIVERBRIDGE PARTNERS LLC | 1.8% | 1,096,029 | -7.8% | 0.31% | $16,528,114 |
| STATE STREET CORP | 1.8% | 1,092,886 | +15% | 0% | $16,480,721 |
| GOLDMAN SACHS GROUP INC | 1.8% | 1,081,055 | -23% | 0% | $16,302,309 |
| 12 West Capital Management LP | 1.8% | 1,070,701 | -28% | 1.9% | $16,146,171 |
| MetLife Investment Management, LLC | 1.7% | 1,069,955 | +0.53% | 0.08% | $16,134,921 |
| WELLINGTON MANAGEMENT GROUP LLP | 1.7% | 1,069,506 | -5.5% | 0% | $16,128,150 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 70,034,468 | $1,056,292,958 | -$40,765,052 | $15.08 | 203 |
| 2025 Q3 | 72,593,102 | $1,135,712,644 | +$45,538,620 | $15.64 | 182 |
| 2025 Q2 | 69,655,424 | $1,117,490,922 | -$17,240,183 | $16.04 | 164 |
| 2025 Q1 | 70,640,206 | $1,176,463,908 | +$51,736,602 | $16.65 | 156 |
| 2024 Q4 | 68,218,867 | $1,269,479,008 | +$55,498,868 | $18.61 | 153 |
| 2024 Q3 | 65,528,353 | $1,020,987,931 | -$9,516,500 | $15.60 | 134 |
| 2024 Q2 | 65,174,232 | $1,144,511,707 | +$16,911,002 | $17.56 | 135 |
| 2024 Q1 | 63,078,958 | $1,553,010,247 | +$89,341,451 | $24.62 | 144 |
| 2023 Q4 | 60,038,271 | $1,206,739,164 | +$16,768,616 | $20.10 | 118 |
| 2023 Q3 | 59,399,622 | $1,027,059,266 | +$38,330,406 | $17.29 | 124 |
| 2023 Q2 | 57,194,829 | $966,614,830 | +$5,439,106 | $16.90 | 113 |
| 2023 Q1 | 56,895,430 | $913,739,125 | +$5,627,091 | $16.06 | 98 |
| 2022 Q4 | 56,797,292 | $768,467,625 | -$4,454,179 | $13.53 | 103 |
| 2022 Q3 | 57,054,544 | $826,156,951 | +$9,430,199 | $14.48 | 95 |
| 2022 Q2 | 56,401,632 | $813,344,835 | -$307,424 | $14.42 | 66 |
| 2022 Q1 | 56,494,989 | $737,292,092 | -$16,522,594 | $13.05 | 69 |
| 2021 Q4 | 57,469,847 | $963,198,134 | +$963,198,134 | $16.76 | 66 |