First Watch Restaurant Group, Inc. (FWRG) — Institutional Holders, Q2 2026
207 institutional investment managers reported a FWRG position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $841.6M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
FWRG in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- BALYASNY ASSET MANAGEMENT L.P.Added · +930,650 sh+$12.0M
- Woodline PartnersNew · +816,586 sh+$10.5M
- EMERALD ADVISERSAdded · +579,649 sh+$7.5M
- Western StandardNew · +513,240 sh+$6.6M
- Qube Research & Technologies LtdAdded · +493,165 sh+$6.4M
Biggest sellers
- FMRTrimmed · -1,944,288 sh-$25.1M
- Neuberger Berman GroupTrimmed · -1,505,281 sh-$19.4M
- SILVERCREST ASSET MANAGEMENT GROUPSold out · -1,048,694 sh-$13.5M
- MILLENNIUM MANAGEMENTTrimmed · -1,039,436 sh-$13.4M
- LAZARD ASSET MANAGEMENTTrimmed · -934,789 sh-$12.0M
FWRG 13F holders ranked 1–100 of 207
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | BlackRock#1 · 4,534,132 sh | 4,534,132 | $58.4M | <0.01% | +11.4% |
| 2 | MANUFACTURERS LIFE INSURANCE COMPANY, THE#2 · 3,823,982 sh | 3,823,982 | $49.3M | 0.04% | +13.9% |
| 3 | Bank of New York Mellon#3 · 3,719,038 sh | 3,719,038 | $47.9M | <0.01% | -6.0% |
| 4 | DIMENSIONAL FUND ADVISORS#4 · 2,596,946 sh | 2,596,946 | $33.5M | <0.01% | -15.8% |
| 5 | VANGUARD CAPITAL MANAGEMENT#5 · 2,453,594 sh | 2,453,594 | $31.6M | <0.01% | +2.1% |
| 6 | MILLENNIUM MANAGEMENT#6 · 2,192,811 sh | 2,192,811 | $28.3M | 0.01% | -32.2% |
| 7 | Neuberger Berman Group#7 · 2,069,037 sh | 2,069,037 | $26.7M | 0.02% | -42.1% |
| 8 | GW&K Investment Management#8 · 2,007,096 sh | 2,007,096 | $25.9M | 0.20% | +2.4% |
| 9 | Stephens Investment Management Group#9 · 1,953,921 sh | 1,953,921 | $25.2M | 0.27% | +17.7% |
| 10 | Hodges Capital Management#10 · 1,592,384 sh | 1,592,384 | $20.5M | 1.36% | +7.5% |
| 11 | EMERALD ADVISERS#11 · 1,526,759 sh | 1,526,759 | $19.7M | 0.46% | +61.2% |
| 12 | BWCP#12 · 1,502,614 sh | 1,502,614 | $19.4M | 2.77% | +10.6% |
| 13 | Penn Capital Management Company#13 · 1,472,751 sh | 1,472,751 | $19.0M | 1.21% | +29.1% |
| 14 | GEODE CAPITAL MANAGEMENT#14 · 1,444,283 sh | 1,444,283 | $18.6M | <0.01% | +10.6% |
| 15 | STATE STREET#15 · 1,404,572 sh | 1,404,572 | $18.1M | <0.01% | +17.7% |
| 16 | Granahan Investment Management#16 · 1,363,852 sh | 1,363,852 | $17.6M | 0.63% | +25.3% |
| 17 | RIVERBRIDGE PARTNERS#17 · 1,348,632 sh | 1,348,632 | $17.4M | 0.49% | -35.5% |
| 18 | BALYASNY ASSET MANAGEMENT L.P.#18 · 1,211,627 sh | 1,211,627 | $15.6M | 0.02% | +331.2% |
| 19 | BANK OF AMERICA#19 · 1,069,289 sh | 1,069,289 | $13.8M | <0.01% | +1.6% |
| 20 | Qube Research & Technologies Ltd#20 · 981,955 sh | 981,955 | $12.7M | 0.01% | +100.9% |
| 21 | Paralel Advisors#21 · 900,000 sh | 900,000 | $11.6M | 0.45% | 0.0% |
| 22 | LAZARD ASSET MANAGEMENT#22 · 846,050 sh | 846,050 | $10.9M | 0.02% | -52.5% |
| 23 | EMERALD MUTUAL FUND ADVISERS#23 · 823,954 sh | 823,954 | $10.6M | 0.37% | +44.7% |
| 24 | NOMURA#24 · 820,809 sh | 820,809 | $10.6M | 0.01% | +114.5% |
| 25 | Woodline Partners#25 · 816,586 sh | 816,586 | $10.5M | 0.03% | New |
| 26 | NEW YORK STATE COMMON RETIREMENT FUND#26 · 779,810 sh | 779,810 | $10.1M | 0.01% | +10.4% |
| 27 | Russell Investments Group, Ltd.#27 · 758,854 sh | 758,854 | $9.8M | <0.01% | +16.3% |
| 28 | Champlain Investment Partners#28 · 745,333 sh | 745,333 | $9.6M | 0.25% | -2.6% |
| 29 | MORGAN STANLEY#29 · 708,261 sh | 708,261 | $9.1M | <0.01% | -51.5% |
| 30 | CITADEL ADVISORS#30 · 650,156 sh | 650,156 | $8.4M | <0.01% | +33.1% |
| 31 | VANGUARD PORTFOLIO MANAGEMENT#31 · 649,571 sh | 649,571 | $8.4M | <0.01% | +17.7% |
| 32 | UBS Group AG#32 · 576,567 sh | 576,567 | $7.4M | <0.01% | -39.6% |
| 33 | ROYCE & ASSOCIATES#33 · 556,352 sh | 556,352 | $7.2M | 0.06% | +88.5% |
| 34 | Western Standard#34 · 513,240 sh | 513,240 | $6.6M | 2.24% | New |
| 35 | NORTHERN#35 · 508,859 sh | 508,859 | $6.6M | <0.01% | +3.2% |
| 36 | AQR CAPITAL MANAGEMENT#36 · 497,128 sh | 497,128 | $6.4M | <0.01% | +406.4% |
| 37 | JANE STREET GROUP#37 · 462,831 sh | 462,831 | $6.0M | <0.01% | New |
| 38 | Clearbridge Investments#38 · 428,269 sh | 428,269 | $5.5M | <0.01% | +1.4% |
| 39 | SEI INVESTMENTS#39 · 422,637 sh | 422,637 | $5.4M | <0.01% | -9.1% |
| 40 | BROWN ADVISORY#40 · 403,737 sh | 403,737 | $5.2M | <0.01% | +62.4% |
| 41 | GOLDMAN SACHS GROUP#41 · 402,045 sh | 402,045 | $5.2M | <0.01% | -1.9% |
| 42 | CHARLES SCHWAB INVESTMENT MANAGEMENT#42 · 397,555 sh | 397,555 | $5.1M | <0.01% | -3.0% |
| 43 | Quantinno Capital Management#43 · 388,652 sh | 388,652 | $5.0M | <0.01% | +112.2% |
| 44 | Empowered Funds#44 · 362,916 sh | 362,916 | $4.7M | 0.02% | +117.9% |
| 45 | Hudson Bay Capital Management#45 · 353,827 sh | 353,827 | $4.6M | 0.01% | New |
| 46 | FRANKLIN RESOURCES#46 · 341,123 sh | 341,123 | $4.4M | <0.01% | -2.1% |
| 47 | ArrowMark Colorado#47 · 324,343 sh | 324,343 | $4.2M | 0.17% | -34.8% |
| 48 | FRED ALGER MANAGEMENT#48 · 324,194 sh | 324,194 | $4.2M | 0.01% | -66.1% |
| 49 | VANGUARD FIDUCIARY#49 · 322,940 sh | 322,940 | $4.2M | <0.01% | -4.2% |
| 50 | Ancora Advisors#50 · 319,802 sh | 319,802 | $4.1M | 0.08% | +111.4% |
| 51 | LANDSCAPE CAPITAL MANAGEMENT, L.L.C.#51 · 314,117 sh | 314,117 | $4.0M | 0.26% | +148.4% |
| 52 | KENNEDY CAPITAL MANAGEMENT#52 · 311,327 sh | 311,327 | $4.0M | 0.07% | -1.9% |
| 53 | KORNITZER CAPITAL MANAGEMENT#53 · 310,837 sh | 310,837 | $4.0M | 0.08% | 0.0% |
| 54 | TUDOR INVESTMENT ET AL#54 · 287,727 sh | 287,727 | $3.7M | <0.01% | +274.0% |
| 55 | Corient Private Wealth#55 · 285,062 sh | 285,062 | $3.7M | <0.01% | +105.3% |
| 56 | CITIGROUP#56 · 253,832 sh | 253,832 | $3.3M | <0.01% | +483.5% |
| 57 | RAYMOND JAMES FINANCIAL#57 · 252,823 sh | 252,823 | $3.3M | <0.01% | +15.8% |
| 58 | MUTUAL OF AMERICA CAPITAL MANAGEMENT#58 · 244,146 sh | 244,146 | $3.1M | — | -36.1% |
| 59 | Avory & Company#59 · 228,237 sh | 228,237 | $2.9M | — | -10.2% |
| 60 | Verition Fund Management#60 · 220,122 sh | 220,122 | $2.8M | <0.01% | New |
| 61 | PANAGORA ASSET MANAGEMENT#61 · 218,530 sh | 218,530 | $2.8M | <0.01% | New |
| 62 | Access Investment Management#62 · 212,719 sh | 212,719 | $2.7M | — | +32.0% |
| 63 | Nuveen#63 · 205,989 sh | 205,989 | $2.7M | <0.01% | +157.7% |
| 64 | First Dallas Securities#64 · 177,250 sh | 177,250 | $2.3M | 0.76% | +6.3% |
| 65 | ENVESTNET ASSET MANAGEMENT#65 · 176,566 sh | 176,566 | $2.3M | <0.01% | -7.7% |
| 66 | HUNTER ASSOCIATES INVESTMENT MANAGEMENT#66 · 171,981 sh | 171,981 | $2.2M | — | +13.2% |
| 67 | 1492 Capital Management#67 · 170,147 sh | 170,147 | $2.2M | 0.65% | -1.6% |
| 68 | Diametric Capital#68 · 165,674 sh | 165,674 | $2.1M | 0.23% | +111.7% |
| 69 | BRIDGEWAY CAPITAL MANAGEMENT#69 · 150,157 sh | 150,157 | $1.9M | 0.03% | New |
| 70 | RICE HALL JAMES & ASSOCIATES#70 · 138,372 sh | 138,372 | $1.8M | 0.09% | -1.1% |
| 71 | Graham Capital Management, L.P.#71 · 135,621 sh | 135,621 | $1.7M | 0.03% | +940.3% |
| 72 | LPL Financial#72 · 125,218 sh | 125,218 | $1.6M | <0.01% | +5.6% |
| 73 | Invesco Ltd.#73 · 122,401 sh | 122,401 | $1.6M | <0.01% | -2.1% |
| 74 | Swiss National Bank#74 · 119,600 sh | 119,600 | $1.5M | <0.01% | +10.4% |
| 75 | GILDER GAGNON HOWE#75 · 116,809 sh | 116,809 | $1.5M | 0.02% | -84.2% |
| 76 | MOODY NATIONAL BANK DIVISION#76 · 112,679 sh | 112,679 | $1.5M | — | +38.1% |
| 77 | WELLS FARGO & COMPANY#77 · 108,743 sh | 108,743 | $1.4M | <0.01% | +160.4% |
| 78 | OPPENHEIMER ASSET MANAGEMENT#78 · 104,278 sh | 104,278 | $1.3M | 0.01% | -10.7% |
| 79 | MARSHALL WACE, LLP#79 · 100,623 sh | 100,623 | $1.3M | <0.01% | +553.5% |
| 80 | AMERICAN CENTURY COMPANIES#80 · 98,083 sh | 98,083 | $1.3M | <0.01% | +4.9% |
| 81 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#81 · 92,917 sh | 92,917 | $1.2M | <0.01% | +21.8% |
| 82 | NBC SECURITIES#82 · 87,983 sh | 87,983 | $1.1M | — | +75.4% |
| 83 | Man Group plc#83 · 80,897 sh | 80,897 | $1.0M | <0.01% | +53.5% |
| 84 | VICTORY CAPITAL MANAGEMENT#84 · 79,100 sh | 79,100 | $1.0M | <0.01% | +5.5% |
| 85 | RHUMBLINE ADVISERS#85 · 77,712 sh | 77,712 | $1.0M | <0.01% | +22.2% |
| 86 | CIBC WORLD MARKET#86 · 77,000 sh | 77,000 | $992.5K | <0.01% | +24.2% |
| 87 | NATIXIS ADVISORS#87 · 72,798 sh | 72,798 | $938.0K | <0.01% | +18.3% |
| 88 | WHITE PINE CAPITAL#88 · 72,747 sh | 72,747 | $937.7K | 0.22% | +74.7% |
| 89 | Creative Planning#89 · 72,486 sh | 72,486 | $934.3K | <0.01% | +96.0% |
| 90 | JONES FINANCIAL COMPANIES LLLP#90 · 70,899 sh | 70,899 | $903.3K | <0.01% | +20.7% |
| 91 | VARCOV#91 · 66,622 sh | 66,622 | $858.8K | 0.33% | -20.5% |
| 92 | DEUTSCHE BANK AG\#92 · 64,736 sh | 64,736 | $834.4K | <0.01% | +16.5% |
| 93 | Sumitomo Mitsui#93 · 62,393 sh | 62,393 | $804.2K | <0.01% | 0.0% |
| 94 | Boston Partners#94 · 61,373 sh | 61,373 | $791.1K | <0.01% | -42.4% |
| 95 | Arkadios Wealth Advisors#95 · 60,571 sh | 60,571 | $780.8K | 0.01% | -15.2% |
| 96 | Numerai GP#96 · 60,568 sh | 60,568 | $780.7K | 0.06% | -35.7% |
| 97 | CANADA PENSION PLAN INVESTMENT BOARD#97 · 59,300 sh | 59,300 | $764.4K | <0.01% | +56.9% |
| 98 | ARMISTICE CAPITAL#98 · 59,278 sh | 59,278 | $764.1K | <0.01% | +427.7% |
| 99 | Squarepoint Ops#99 · 57,158 sh | 57,158 | $736.8K | <0.01% | -69.7% |
| 100 | XTX Topco Ltd#100 · 56,456 sh | 56,456 | $727.7K | <0.01% | -35.4% |
Funds that sold out of FWRG in Q2 2026 (35)
Held FWRG at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| SILVERCREST ASSET MANAGEMENT GROUP1,048,694 sh | 1,048,694 | $11.0M |
| FEDERATED HERMES524,032 sh | 524,032 | $5.5M |
| WASATCH ADVISORS441,416 sh | 441,416 | $4.6M |
| LOOMIS SAYLES & L P311,740 sh | 311,740 | $3.3M |
| CONGRESS ASSET MANAGEMENT140,997 sh | 140,997 | $1.5M |
| Lighthouse Investment Partners62,674 sh | 62,674 | $656.8K |
| MANGROVE PARTNERS IM45,829 sh | 45,829 | $480.3K |
| Y-Intercept (Hong Kong) Ltd40,847 sh | 40,847 | $428.1K |
| ExodusPoint Capital Management40,016 sh | 40,016 | $419.4K |
| STATE OF WISCONSIN INVESTMENT BOARD38,125 sh | 38,125 | $399.6K |
| BOOTHBAY FUND MANAGEMENT31,852 sh | 31,852 | $333.8K |
| Virtu Financial27,982 sh | 27,982 | $293.0K |
| OXFORD ASSET MANAGEMENT LLP23,812 sh | 23,812 | $249.6K |
| AXQ CAPITAL21,048 sh | 21,048 | $220.6K |
| Brevan Howard Capital Management20,209 sh | 20,209 | $211.8K |
| Polymer Capital Management (US)17,149 sh | 17,149 | $179.7K |
| Kings Path Partners10,825 sh | 10,825 | $163.2K |
| Scientech Research14,160 sh | 14,160 | $148.4K |
| MIRABELLA FINANCIAL SERVICES LLP13,739 sh | 13,739 | $144.0K |
| Sanctuary Advisors13,462 sh | 13,462 | $141.1K |
| GSA CAPITAL PARTNERS LLP13,419 sh | 13,419 | $141.0K |
| QUADRANT CAPITAL GROUP14,356 sh | 14,356 | $124.2K |
| Insight Advisors, / PA11,450 sh | 11,450 | $120.0K |
| DRW Securities10,854 sh | 10,854 | $113.7K |
| SG Americas Securities10,172 sh | 10,172 | $107.0K |
| LVW Advisors10,154 sh | 10,154 | $106.4K |
| BESSEMER GROUP9,280 sh | 9,280 | $97.0K |
| Advisory Services Network2,385 sh | 2,385 | $25.0K |
| Meramec Financial Planners274 sh | 274 | $3.5K |
| Fourth Dimension Wealth200 sh | 200 | $2.1K |
| SJS Investment Consulting98 sh | 98 | $1.0K |
| Rachor Investment Advisory Services87 sh | 87 | $912.00 |
| BAYBAN33 sh | 33 | $346.00 |
| MAI Capital Management16 sh | 16 | $168.00 |
| Hughes Financial Services1 sh | 1 | $10.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.