Latest Period
Q4 2025
Security Snapshot
First Watch Restaurant Group, Inc. - Common Stock (FWRG) Institutional Ownership
CUSIP: 33748L101
13F Institutional Holders and Ownership History from Q4 2021 to Q1 2026
Institutions Reporting
206
Shares (Excl. Options)
70,371,213
Price
$15.08
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- Type / Class
- Equity / Common Stock
- Symbol
- FWRG on Nasdaq
- Shares outstanding
- 60,887,646
- Price per share
- $10.48
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 70,371,213
- Total reported value
- $1,061,371,072
- % of total 13F portfolios
- 0%
- Share change
- -2,390,114
- Value change
- -$41,035,799
- Number of holders
- 206
- Price from insider filings
- $10.48
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- FWRG - First Watch Restaurant Group, Inc. - Common Stock is tracked under CUSIP 33748L101.
- 206 institutions reported positions in Q4 2025.
- 6 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 206 to 34 between Q4 2025 and Q1 2026.
- Reported value moved from $1,061,371,072 to $75,357,847.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 206 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 33748L101?
CUSIP 33748L101 identifies FWRG - First Watch Restaurant Group, Inc. - Common Stock in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 33748L101:
Significant Owners of First Watch Restaurant Group, Inc. - Common Stock (FWRG) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Bank of New York Mellon Corp | 6.5% | $41,476,665 | 3,957,697 | Bank of New York Mellon Corp | 31 Mar 2026 | |||
| BlackRock, Inc. | 6.5% | +28% | $41,406,574 | +$8,754,038 | 3,951,009 | +27% | BlackRock, Inc. | 31 Mar 2026 |
| Neuberger Berman Group LLC | 5.1% | $46,893,673 | 3,109,660 | Neuberger Berman Group LLC | 31 Dec 2025 | |||
| DIMENSIONAL FUND ADVISORS LP | 5% | $33,038,512 | 3,084,886 | Dimensional Fund Advisors LP | 31 Mar 2026 | |||
| INTEGRATED CORE STRATEGIES (US) LLC | 5% | $38,435,524 | 3,069,930 | Millennium Management LLC | 27 Mar 2026 | |||
| FMR LLC | 3.3% | -69% | $20,908,669 | -$48,936,448 | 1,995,121 | -70% | FMR LLC | 31 Mar 2026 |
As of 31 Dec 2025, 206 institutional investors reported holding 70,371,213 shares of First Watch Restaurant Group, Inc. - Common Stock (FWRG). This represents 116% of the company’s total 60,887,646 outstanding shares.
Top 25 Institutional Shareholders
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 | 8.9% | 5,399,098 | +112% | 0% | $81,418,398 |
| BlackRock, Inc. | 6.1% | 3,728,708 | +20% | 0% | $56,228,917 |
| VANGUARD GROUP INC | 5.5% | 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% | 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 | 1.8% | 1,069,955 | +0.53% | 0.08% | $16,134,921 |
| WELLINGTON MANAGEMENT GROUP LLP | 1.8% | 1,069,506 | -5.5% | 0% | $16,128,150 |
Institutional Holders of First Watch Restaurant Group, Inc. - Common Stock (FWRG) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 7,183,669 | $75,357,847 | +$24,612,773 | $10.48 | 34 |
| 2025 Q4 | 70,371,213 | $1,061,371,072 | -$41,035,799 | $15.08 | 206 |
| 2025 Q3 | 72,593,102 | $1,135,712,644 | +$45,538,135 | $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 |