First Watch Restaurant FWRG Institutional Ownership

Updated Oct 11, 2026

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) counted 205 institutional investors among its 13F-reported shareholders for the quarter ended June 30, 2026.

• Total holdings of FWRG shares fell 3.60% from Q1 2026, and the holder count rose 26.54% from Q2 2025.
• Of these 205 holders, 123 added to their positions, 61 reduced their stakes and 21 left their positions unchanged.
• The aggregate institutional position in First Watch Restaurant was 65.05Mn shares at the end of Q2 2026, down 2.43Mn from the prior quarter and down 4.28Mn from a year earlier.
• As of June 30, 2026, BlackRock, Inc. held the largest stake in First Watch Restaurant with 4.53Mn shares.
• Among holders that already owned First Watch Restaurant, the biggest buyers in Q2 2026 were Balyasny Asset Management L.P. (+930.65K shares), Emerald Advisers, LLC (+579.65K shares), Qube Research & Technologies Ltd (+493.17K shares), Manufacturers Life Insurance Company, The (+466.03K shares) and BlackRock, Inc. (+462.39K shares).
• The largest position reductions in FWRG for Q2 2026 were by FMR LLC (-1.94Mn shares), Neuberger Berman Group LLC (-1.51Mn shares), Millennium Management LLC (-1.04Mn shares), Lazard Asset Management LLC (-934.79K shares) and Morgan Stanley (-751.77K shares).
• Per Business Quant data, the 10 largest holders of First Watch Restaurant at the end of Q2 2026 were BlackRock, Inc. (4.53Mn shares), Manufacturers Life Insurance Company, The (3.82Mn shares), Bank of New York Mellon Corp (3.72Mn shares), Dimensional Fund Advisors LP (2.6Mn shares), Vanguard Capital Management LLC (2.45Mn shares), Millennium Management LLC (2.19Mn shares), Neuberger Berman Group LLC (2.07Mn shares), GW&K Investment Management, LLC (2.01Mn shares), Stephens Investment Management Group LLC (1.95Mn shares) and Hodges Capital Management Inc. (1.59Mn shares).