First Watch Restaurant Group, Inc.
US ˙ NasdaqGS ˙ US33748L1017

SecurityFWRG / First Watch Restaurant Group, Inc.
InstitutionFmr Llc
Latest Disclosed Ownership1,995,121 shares
Ownership 3.30%
Fmr Llc ownership in FWRG / First Watch Restaurant Group, Inc.

2026-04-07 - Fmr Llc has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,995,121 shares of First Watch Restaurant Group, Inc. (US:FWRG). This represents 3.3 percent ownership of the company. In their previous filing dated 2026-02-06 , Fmr Llc had reported owning 6,664,673 shares, indicating a decrease of -70.06 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2026-04-07 2026-04-07 13G/A 6,664,673 1,995,121 -70.06 3.30 -69.72
2026-02-06 2026-02-06 13G/A 5,399,098 6,664,673 23.44 10.90 23.86
2026-02-05 2026-02-05 13G 5,399,098 8.80

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 1,995,121 -3,403,977 -63.05 20,909 -74.32 0.0002
2026-02-17 2025-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 5,399,098 2,854,997 112.22 81,418 104.62 0.0042
2025-11-13 2025-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,544,101 398,740 18.59 39,790 15.63 0.0021
2025-08-14 2025-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,145,361 -127,016 -5.59 34,412 -9.05 0.0019
2025-05-12 2025-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,272,377 2,028,128 830.35 37,835 732.45 0.0024
2025-02-13 2024-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 244,249 -381,274 -60.95 4,545 -53.42 0.0003
2024-11-13 2024-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 625,523 54,282 9.50 9,758 -2.71 0.0006
2024-08-13 2024-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 571,241 -961,228 -62.72 10,031 -73.42 0.0006
2024-05-13 2024-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 1,532,469 970,287 172.59 37,729 233.91 0.0025
2024-02-13 2023-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 562,182 293,048 108.89 11,300 142.83 0.0009
2023-11-13 2023-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 269,134 135 0.05 4,653 2.35 0.0004
2023-08-11 2023-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 268,999 28,674 11.93 4,546 17.80 0.0004
2023-08-11 2023-03-31 13F/A-1 FIRST WATCH RESTAURANT GROUP COM 33748L101 240,325 27,361 12.85 3,860 33.95 0.0004
2023-05-11 2023-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 240,325 27,361 3,860 0.0001
2023-02-13 2022-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 212,964 -4,164 -1.92 2,881 -8.37 0.0003
2022-11-10 2022-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 217,128 17,008 8.50 3,144 8.94 0.0003
2022-08-12 2022-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 200,120 364 0.18 2,886 10.70 0.0003
2022-05-13 2022-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 199,756 75,156 60.32 2,607 24.86 0.0002
2022-02-14 2021-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 124,600 124,600 2,088 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.