First Watch Restaurant Group, Inc. (FWRG) Ownership
FWRG ownership summary
as of October 18, 2026- Institutions
- 109.1% of shares outstanding
- Insiders
- 1.85% of shares outstanding
- Shares outstanding
- 61.7M
- Float
- 60.6M shares available to trade
- Short interest
- 12.32% 6.8M shares short
- Days to cover
- 5.32 short interest up 4.0% vs prior month
- Institutions 109.15%
- Insiders 1.85%
FWRG top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 7.35% | 4.5M | $55.0M | +462,387 (+11.4%) | June 30, 2026 |
| 2 | Manufacturers Life Insurance Co | 6.20% | 3.8M | $46.3M | +466,032 (+13.9%) | June 30, 2026 |
| 3 | Bank of New York Mellon Corp | 6.03% | 3.7M | $45.1M | −238,659 (−6.0%) | June 30, 2026 |
| 4 | Dimensional Fund Advisors, Inc. | 4.21% | 2.6M | $31.5M | −487,940 (−15.8%) | June 30, 2026 |
| 5 | Vanguard Capital Management, LLC | 3.98% | 2.5M | $29.7M | +51,206 (+2.1%) | June 30, 2026 |
| 6 | Millennium Management LLC | 3.55% | 2.2M | $26.6M | −1.0M (−32.2%) | June 30, 2026 |
| 7 | Neuberger Berman Group LLC | 3.35% | 2.1M | $25.1M | −1.5M (−42.1%) | June 30, 2026 |
| 8 | GW&K Investment Management, LLC | 3.25% | 2.0M | $24.3M | +47,925 (+2.4%) | June 30, 2026 |
| 9 | Stephens Inv Mgmt Group LLC | 3.17% | 2.0M | $23.7M | +294,122 (+17.7%) | June 30, 2026 |
| 10 | Hodges Capital Management Inc | 2.58% | 1.6M | $19.3M | +110,607 (+7.5%) | June 30, 2026 |
| 11 | Emerald Advisers, LLC | 2.47% | 1.5M | $18.5M | +579,649 (+61.2%) | June 30, 2026 |
| 12 | BWCP, LP | 2.43% | 1.5M | $18.2M | +144,541 (+10.6%) | June 30, 2026 |
| 13 | Penn Capital Management Company LLC | 2.39% | 1.5M | $17.8M | +331,594 (+29.1%) | June 30, 2026 |
| 14 | Geode Capital Management, LLC | 2.34% | 1.4M | $17.5M | +138,731 (+10.6%) | June 30, 2026 |
| 15 | State Street Corp | 2.28% | 1.4M | $17.0M | +211,223 (+17.7%) | June 30, 2026 |
| 16 | Granahan Investment Management Inc.. | 2.21% | 1.4M | $16.5M | +275,815 (+25.3%) | June 30, 2026 |
| 17 | Riverbridge Partners LLC | 2.19% | 1.3M | $16.3M | −743,068 (−35.5%) | June 30, 2026 |
| 18 | Balyasny Asset Management LLC | 1.96% | 1.2M | $14.7M | +930,650 (+331.2%) | June 30, 2026 |
| 19 | Bank of America Corp | 1.73% | 1.1M | $13.0M | +16,863 (+1.6%) | June 30, 2026 |
| 20 | Qube Research & Technologies | 1.59% | 982K | $11.9M | +493,165 (+100.9%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 15 holders added 4.6M shares and 5 cut 4.0M.
FWRG top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | JHancock Small Cap Core NAV | 4.75% | 2.9M | $35.5M | — | August 31, 2026 |
| 2 | Neuberger Long Short Instl | 3.11% | 1.9M | $23.2M | +51,686 (+2.8%) | August 31, 2026 |
| 3 | Vanguard MStar Total Stk Mkt Idx Invest | 3.01% | 1.9M | $22.5M | — | August 31, 2026 |
| 4 | iShares Russell 2000 ETF | 2.60% | 1.6M | $19.5M | −18,496 (−1.1%) | September 30, 2026 |
| 5 | BNY Mellon Sm/Md Cp Gr I | 1.94% | 1.2M | $14.5M | −141,474 (−10.6%) | August 31, 2026 |
| 6 | SRH Total Return Fund | 1.46% | 900K | $10.9M | — | August 31, 2026 |
| 7 | DFA US Small Cap Value I | 1.37% | 846K | $10.3M | — | August 31, 2026 |
| 8 | Fidelity Small Cap Index | 1.10% | 679K | $8.2M | +6,251 (+0.9%) | July 31, 2026 |
| 9 | Hodges Retail | 1.05% | 650K | $7.9M | −50,000 (−7.1%) | June 30, 2026 |
| 10 | Emerald Growth A | 1.01% | 626K | $7.6M | +200,399 (+47.1%) | August 31, 2026 |
| 11 | American Beacon Stephens Sm Cp Gr Inv | 0.98% | 606K | $7.3M | +56,101 (+10.2%) | August 31, 2026 |
| 12 | iShares Russell 2000 Value ETF | 0.93% | 571K | $6.9M | +866 (+0.2%) | September 30, 2026 |
| 13 | AMG GW&K Small Cap Core N | 0.83% | 513K | $6.2M | −4,834 (−0.9%) | August 31, 2026 |
| 14 | JHVIT Small Cap Core NAV | 0.78% | 482K | $5.8M | — | August 31, 2026 |
| 15 | ClearBridge Small Cap C | 0.66% | 408K | $4.9M | — | August 31, 2026 |
| 16 | Principal SmallCap Growth I Instl | 0.65% | 398K | $4.8M | — | August 31, 2026 |
| 17 | Dimensional US Small Cap Value ETF | 0.58% | 357K | $4.3M | — | September 24, 2026 |
| 18 | Vanguard Russell 2000 ETF | 0.58% | 357K | $4.3M | +7,880 (+2.3%) | August 31, 2026 |
| 19 | Royce Micro-Cap Trust | 0.57% | 352K | $4.3M | +167,626 (+90.7%) | June 30, 2026 |
| 20 | DFA US Targeted Value I | 0.56% | 346K | $4.2M | +65,034 (+23.2%) | August 31, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
FWRG insider transactions
latest 17| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-17 | H Melville Hope III | Sell | $12.52 | 3,878 | $48,553 |
| 2026-03-17 | Jay Anthony Wolszczak | Sell | $12.52 | 3,161 | $39,576 |
| 2026-03-17 | John Daniel Jones | Sell | $12.52 | 1,697 | $21,246 |
| 2026-03-17 | Laura Anne Sorensen | Sell | $12.52 | 1,697 | $21,246 |
| 2026-03-17 | Matthew Eisenacher | Sell | $12.52 | 2,760 | $34,555 |
| 2026-03-17 | Christopher Anthony Tomasso | Sell | $12.52 | 25,062 | $313,776 |
| 2026-03-10 | John Daniel Jones | Sell | $12.59 | 4,600 | $57,914 |
| 2026-03-10 | Matthew Eisenacher | Sell | $12.59 | 6,070 | $76,421 |
| 2026-03-10 | Laura Anne Sorensen | Sell | $12.59 | 4,732 | $59,576 |
| 2026-03-10 | Jay Anthony Wolszczak | Sell | $12.59 | 6,998 | $88,105 |
| 2026-03-10 | H Melville Hope III | Sell | $12.59 | 7,358 | $92,637 |
| 2026-03-05 | Josh Gottheimer | Sell | $12.97 | — | — |
| 2026-01-22 | William A Kussell | Sell | $17.00 | 6,165 | $104,805 |
| 2025-11-26 | Gilbert Ray Cisneros, Jr. | Buy | $18.45 | — | — |
| 2025-09-08 | International L.P. Advent | Sell | $17.67 | 4,400,000 | $77.7M |
| 2025-08-08 | International L.P. Advent | Sell | $17.70 | 5,000,000 | $88.5M |
| 2025-06-03 | International L.P. Advent | Sell | $14.70 | 4,500,000 | $66.2M |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
FWRG shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns FWRG
Institutional investors own 109.1% of First Watch Restaurant's shares and insiders 1.85%. The largest holder is BlackRock Inc with 7.35% of the shares (4.5M), as of June 30, 2026. Among the top 20 institutions, 15 added shares and 5 reduced their stake in the latest filings. Short interest is 12.32% of the float, or 5.32 days of average trading volume. The share count rose 39.7% since 2019.
Related: FWRG analyst forecast, FWRG key metrics. See the FWRG stock overview for the latest quote and news.
FWRG ownership FAQ
Who owns the most First Watch Restaurant stock?
The largest shareholders of First Watch Restaurant are BlackRock Inc (7.35%), Manufacturers Life Insurance Co (6.20%), Bank of New York Mellon Corp (6.03%), Dimensional Fund Advisors, Inc. (4.21%), Vanguard Capital Management, LLC (3.98%).
What percentage of First Watch Restaurant is owned by institutions?
Institutions hold 109.1% of First Watch Restaurant's shares outstanding; insiders hold 1.85%.
Which funds own First Watch Restaurant?
The largest fund holders of First Watch Restaurant are JHancock Small Cap Core NAV (4.75%), Neuberger Long Short Instl (3.11%), Vanguard MStar Total Stk Mkt Idx Invest (3.01%), iShares Russell 2000 ETF (2.60%), BNY Mellon Sm/Md Cp Gr I (1.94%).
What is First Watch Restaurant's short interest?
6.8M shares of First Watch Restaurant were sold short, 12.32% of the float; at the average daily volume it would take 5.32 days to cover.
Are insiders buying or selling First Watch Restaurant?
Of the latest 17 reported insider transactions in First Watch Restaurant (since June 3, 2025), 1 were purchases and 16 were sales.
How many shares of First Watch Restaurant are outstanding?
First Watch Restaurant has 61.7M shares outstanding, of which 60.6M are in the public float.