FWRG · First Watch Restaurant Group, Inc. · Shareholders & Ownership

$11.34 +0.21 (+1.89%)

Russell 2000 member Rebalance outlook locked

Market Cap

$686.86M

61.71M

Volume · Oct 22 329.76K Avg daily vol (3M) 1.29M

Every disclosed holder of FWRG in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.

How the holder list picks a filing →

Who Owns FWRG

13F quarter Sep 30, 2026, combined view: filers that have not filed yet carry their Jun 30, 2026 positions

No chart: the summed disclosures exceed shares outstanding, so they are not parts of one whole.

Holder group	Holders	Shares	% Out	Summed
Institutional (13F)	209	65,372,000	105.93%	Yes
Insiders (Forms 3, 4, 5)	19	46,343,127	75.10%	Yes
13D/G-only blocks	1	2,192,811	3.55%	Yes
Remaining	—	52,195,503	-84.58%	Negative
Registered funds (N-PORT, not summed)	194	25,863,327	41.91%	No

Shares outstanding: 61,712,435, the issuer's latest cover-page count restated onto today's split basis.

Remaining is negative: the summed disclosures exceed shares outstanding, as when filings are dated at different times or holders that do not disclose their links count the same shares. It is flagged, not clipped.

13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.

Holders of FWRG

One row per holder Every filing By ultimate parent

All 13F Funds Insiders 13D/G Non-US

#	Holder	Shares	% Out	Change	As of	Notes
1	Advent International GPE VIII-I Limited Partnership Insider CIK 1664748 · Nov 13, 2024 10% Owner, issuer-wide	19,189,784	31.10%	—	Nov 13, 2024	10% Owner, issuer-wide
2	Advent Partners GPE VIII Limited Partnership Insider CIK 1676941 · Nov 13, 2024 10% Owner, issuer-wide	19,189,784	31.10%	—	Nov 13, 2024	10% Owner, issuer-wide
3	BlackRock, Inc. 13F CIK 2012383 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	4,534,132	7.35%	+462,387	Jun 30, 2026	carried, not yet filed for the newest quarter
3.1	iShares Russell 2000 ETF Fund S000004344 · Registered fund · Jun 30, 2026 iShares Trust, not summed	1,598,904	2.59%	+148,793	Jun 30, 2026	iShares Trust, not summed
3.2	iShares Russell 2000 Value ETF Fund S000004342 · Registered fund · Jun 30, 2026 iShares Trust, not summed	567,547	0.92%	—	Jun 30, 2026	iShares Trust, not summed
3.3	Master Small Cap Index Series Fund S000002716 · Registered fund · Jun 30, 2026 Quantitative Master Series LLC, not summed	116,099	0.19%	+22,948	Jun 30, 2026	Quantitative Master Series LLC, not summed
3.4	iShares Core S&P Total U.S. Stock Market ETF Fund S000004317 · Registered fund · Jun 30, 2026 iShares Trust, not summed	65,871	0.11%	+1,632	Jun 30, 2026	iShares Trust, not summed
3.5	iShares US Small Cap Value Factor ETF Fund S000069740 · Registered fund · Jun 30, 2026 iShares Trust, not summed	58,057	0.09%	—	Jun 30, 2026	iShares Trust, not summed
4	MANUFACTURERS LIFE INSURANCE COMPANY, THE 13F CIK 928047 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	3,823,982	6.20%	+466,032	Jun 30, 2026	carried, not yet filed for the newest quarter
4.1	Manulife Investment Management (US) LLC 13G CIK 1086888 · Unknown · Jun 30, 2026 Rule 13d-1(b), qualified institution, not summed	3,810,295	6.17%	+464,318	Jun 30, 2026	Rule 13d-1(b), qualified institution, not summed
4.2	Small Cap Core Fund Fund S000043450 · Registered fund · Jul 31, 2026 John Hancock Investment Trust, not summed	2,931,008	4.75%	+175,439	Jul 31, 2026	John Hancock Investment Trust, not summed
5	Bank of New York Mellon Corp 13F CIK 1390777 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	3,719,038	6.03%	-238,659	Jun 30, 2026	carried, not yet filed for the newest quarter
6	DIMENSIONAL FUND ADVISORS LP 13F CIK 354204 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,596,946	4.21%	-487,940	Jun 30, 2026	carried, not yet filed for the newest quarter
6.1	DIMENSIONAL FUND ADVISORS LP 13G CIK 354204 · Registered investment adviser · Jun 30, 2026 Rule 13d-1(b), qualified institution, not summed	2,596,946	4.21%	-487,940	Jun 30, 2026	Rule 13d-1(b), qualified institution, not summed
6.2	U.S. SMALL CAP VALUE PORTFOLIO Fund S000000987 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	846,189	1.37%	+62,760	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
6.3	Dimensional US Small Cap Value ETF Fund S000075151 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	345,217	0.56%	+33,670	Jul 31, 2026	Dimensional ETF Trust, not summed
6.4	U.S. Targeted Value Portfolio Fund S000000970 · Registered fund · Jul 31, 2026 DFA INVESTMENT DIMENSIONS GROUP INC, not summed	280,903	0.46%	-100,080	Jul 31, 2026	DFA INVESTMENT DIMENSIONS GROUP INC, not summed
6.5	Dimensional U.S. Targeted Value ETF Fund S000070901 · Registered fund · Jul 31, 2026 Dimensional ETF Trust, not summed	247,429	0.40%	-78,437	Jul 31, 2026	Dimensional ETF Trust, not summed
7	VANGUARD CAPITAL MANAGEMENT LLC 13F CIK 2100119 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,453,594	3.98%	+51,206	Jun 30, 2026	carried, not yet filed for the newest quarter
8	MILLENNIUM MANAGEMENT LLC 13F CIK 1273087 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,192,811	3.55%	-1,039,436	Jun 30, 2026	carried, not yet filed for the newest quarter
9	Millennium Management LLC 13G CIK 1319244 · Unknown · Jun 30, 2026 Rule 13d-1(c), passive investor	2,192,811	3.55%	-877,119	Jun 30, 2026	Rule 13d-1(c), passive investor
10	NEUBERGER BERMAN GROUP LLC 13F CIK 1465109 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	2,069,037	3.35%	-1,505,281	Jun 30, 2026	carried, not yet filed for the newest quarter
10.1	Neuberger Long Short Fund Fund S000035446 · Registered fund · Jul 31, 2026 NEUBERGER BERMAN ALTERNATIVE FUNDS, not summed	1,865,730	3.02%	-174,419	Jul 31, 2026	NEUBERGER BERMAN ALTERNATIVE FUNDS, not summed
11	GW&K Investment Management, LLC 13F CIK 1082917 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	2,007,096	3.25%	+47,925	Jun 30, 2026	carried, not yet filed for the newest quarter
12	Stephens Investment Management Group LLC 13F CIK 1314440 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,953,921	3.17%	+294,122	Jun 30, 2026	carried, not yet filed for the newest quarter
13	VANGUARD TOTAL STOCK MARKET INDEX FUND Fund S000002848 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	1,856,827	3.01%	+36,600	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
14	Hodges Capital Management Inc. 13F CIK 1337263 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,592,384	2.58%	+110,607	Jun 30, 2026	carried, not yet filed for the newest quarter
14.1	Hodges Fund Fund S000081358 · Registered fund · Jun 30, 2026 NORTHERN LIGHTS FUND TRUST II, not summed	650,000	1.05%	-50,000	Jun 30, 2026	NORTHERN LIGHTS FUND TRUST II, not summed
14.2	Hodges Small Cap Fund Fund S000081359 · Registered fund · Jun 30, 2026 NORTHERN LIGHTS FUND TRUST II, not summed	250,000	0.41%	+40,000	Jun 30, 2026	NORTHERN LIGHTS FUND TRUST II, not summed
15	EMERALD ADVISERS, LLC 13F CIK 1015083 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,526,759	2.47%	+579,649	Jun 30, 2026	carried, not yet filed for the newest quarter
16	BWCP, LP 13F CIK 1787893 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,502,614	2.43%	+144,541	Jun 30, 2026	carried, not yet filed for the newest quarter
17	Penn Capital Management Company, LLC 13F CIK 1158202 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,472,751	2.39%	+331,594	Jun 30, 2026	carried, not yet filed for the newest quarter
18	GEODE CAPITAL MANAGEMENT, LLC 13F CIK 1214717 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,444,283	2.34%	+138,731	Jun 30, 2026	carried, not yet filed for the newest quarter
19	STATE STREET CORP 13F CIK 93751 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	1,404,572	2.28%	+211,223	Jun 30, 2026	carried, not yet filed for the newest quarter
19.1	State Street Institutional Small-Cap Equity Fund Fund S000001631 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL FUNDS, not summed	51,100	0.08%	0	Jun 30, 2026	STATE STREET INSTITUTIONAL FUNDS, not summed
19.2	STATE STREET SMALL/MID CAP EQUITY INDEX PORTFOLIO Fund S000050332 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	20,600	0.03%	0	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
19.3	State Street Small-Cap Equity V.I.S. Fund Fund S000001636 · Registered fund · Jun 30, 2026 STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed	2,230	0.00%	0	Jun 30, 2026	STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed
19.4	State Street Total Return V.I.S. Fund Fund S000001637 · Registered fund · Jun 30, 2026 STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed	1,568	0.00%	+299	Jun 30, 2026	STATE STREET VARIABLE INSURANCE SERIES FUNDS INC, not summed
19.5	State Street Balanced Index Fund Fund S000082802 · Registered fund · Jun 30, 2026 STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed	254	0.00%	0	Jun 30, 2026	STATE STREET INSTITUTIONAL INVESTMENT TRUST, not summed
20	Granahan Investment Management, LLC 13F CIK 1026710 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,363,852	2.21%	+275,815	Jun 30, 2026	carried, not yet filed for the newest quarter
21	BNY Mellon Small/Mid Cap Growth Fund Fund S000011499 · Registered fund · Jun 30, 2026 BNY Mellon Investment Funds I, not summed	1,359,153	2.20%	-171,098	Jun 30, 2026	BNY Mellon Investment Funds I, not summed
22	RIVERBRIDGE PARTNERS LLC 13F CIK 1112325 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,348,632	2.19%	-743,068	Jun 30, 2026	carried, not yet filed for the newest quarter
23	Balyasny Asset Management L.P. 13F CIK 1218710 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	1,211,627	1.96%	+930,650	Jun 30, 2026	carried, not yet filed for the newest quarter
24	BANK OF AMERICA CORP /DE/ 13F CIK 70858 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	1,069,289	1.73%	+16,863	Jun 30, 2026	carried, not yet filed for the newest quarter
25	Qube Research & Technologies Ltd 13F CIK 1729829 · Exempt reporting adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	981,955	1.59%	+493,165	Jun 30, 2026	carried, not yet filed for the newest quarter
26	Tomasso Christopher Anthony Insider CIK 1879565 · Mar 17, 2026 Director, President and CEO, issuer-wide	957,815	1.55%	—	Mar 17, 2026	Director, President and CEO, issuer-wide
27	Paralel Advisors LLC 13F CIK 1895911 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	900,000	1.46%	0	Jun 30, 2026	carried, not yet filed for the newest quarter
28	LAZARD ASSET MANAGEMENT LLC 13F CIK 1207017 · Investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	846,050	1.37%	-934,789	Jun 30, 2026	carried, not yet filed for the newest quarter
29	EMERALD MUTUAL FUND ADVISERS TRUST 13F CIK 1352895 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	823,954	1.34%	+254,536	Jun 30, 2026	carried, not yet filed for the newest quarter
29.1	Emerald Growth Fund Fund S000036390 · Registered fund · Apr 30, 2026 FINANCIAL INVESTORS TRUST, not summed	425,710	0.69%	+80,416	Apr 30, 2026	FINANCIAL INVESTORS TRUST, not summed
30	NOMURA HOLDINGS INC 13F CIK 1163653 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	820,809	1.33%	+438,147	Jun 30, 2026	carried, not yet filed for the newest quarter
31	Woodline Partners LP 13F CIK 1784547 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	816,586	1.32%	+816,586	Jun 30, 2026	carried, not yet filed for the newest quarter
32	NEW YORK STATE COMMON RETIREMENT FUND 13F CIK 810265 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	779,810	1.26%	+73,672	Jun 30, 2026	carried, not yet filed for the newest quarter
33	Russell Investments Group, Ltd. 13F CIK 1692234 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	758,854	1.23%	+106,346	Jun 30, 2026	carried, not yet filed for the newest quarter
33.1	Tax-Managed U.S. Mid & Small Cap Fund Fund S000001571 · Registered fund · Jul 31, 2026 RUSSELL INVESTMENT CO, not summed	137,308	0.22%	+43,976	Jul 31, 2026	RUSSELL INVESTMENT CO, not summed
33.2	U.S. Small Cap Equity Fund Fund S000001586 · Registered fund · Jul 31, 2026 RUSSELL INVESTMENT CO, not summed	85,860	0.14%	0	Jul 31, 2026	RUSSELL INVESTMENT CO, not summed
33.3	U.S. Small Cap Equity Fund Fund S000006864 · Registered fund · Jun 30, 2026 RUSSELL INVESTMENT FUNDS, not summed	18,245	0.03%	+3,138	Jun 30, 2026	RUSSELL INVESTMENT FUNDS, not summed
33.4	Russell Investments U.S. Small Cap Equity ETF Fund S000089990 · Registered fund · Jun 30, 2026 Russell Investments Exchange Traded Funds, not summed	14,026	0.02%	+2,840	Jun 30, 2026	Russell Investments Exchange Traded Funds, not summed
34	Champlain Investment Partners, LLC 13F CIK 1315478 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	745,333	1.21%	-19,598	Jun 30, 2026	carried, not yet filed for the newest quarter
34.1	Champlain Small Company Fund Fund S000005803 · Registered fund · Jun 30, 2026 ADVISORS' INNER CIRCLE FUND II, not summed	288,000	0.47%	0	Jun 30, 2026	ADVISORS' INNER CIRCLE FUND II, not summed
35	MORGAN STANLEY 13F CIK 895421 · Holding company · Jun 30, 2026 carried, not yet filed for the newest quarter	708,261	1.15%	-751,773	Jun 30, 2026	carried, not yet filed for the newest quarter
35.1	E*TRADE No Fee Total Market Index Fund Fund S000090722 · Registered fund · Jul 31, 2026 E Trade Trust, not summed	20	0.00%	0	Jul 31, 2026	E Trade Trust, not summed
36	CITADEL ADVISORS LLC 13F CIK 1423053 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	650,156	1.05%	+161,741	Jun 30, 2026	carried, not yet filed for the newest quarter
37	VANGUARD PORTFOLIO MANAGEMENT LLC 13F CIK 2100121 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	649,571	1.05%	+97,549	Jun 30, 2026	carried, not yet filed for the newest quarter
38	UBS Group AG 13F CIK 1610520 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	576,567	0.93%	-377,507	Jun 30, 2026	carried, not yet filed for the newest quarter
39	ROYCE & ASSOCIATES LP 13F CIK 906304 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	556,352	0.90%	+261,184	Jun 30, 2026	carried, not yet filed for the newest quarter
39.1	Royce Micro-Cap Fund Fund S000009506 · Registered fund · Jun 30, 2026 ROYCE FUND, not summed	146,153	0.24%	+65,443	Jun 30, 2026	ROYCE FUND, not summed
39.2	Royce Capital Fund - Micro-Cap Portfolio Fund S000009496 · Registered fund · Jun 30, 2026 ROYCE CAPITAL FUND, not summed	48,190	0.08%	+22,505	Jun 30, 2026	ROYCE CAPITAL FUND, not summed
40	American Beacon Stephens Small Cap Growth Fund Fund S000035895 · Registered fund · Jun 30, 2026 AMERICAN BEACON FUNDS, not summed	540,092	0.88%	+90,487	Jun 30, 2026	AMERICAN BEACON FUNDS, not summed
41	VANGUARD EXTENDED MARKET INDEX FUND Fund S000002841 · Registered fund · Jun 30, 2026 VANGUARD INDEX FUNDS, not summed	536,049	0.87%	+24,108	Jun 30, 2026	VANGUARD INDEX FUNDS, not summed
42	AMG GW&K Small Cap Core Fund Fund S000023782 · Registered fund · Jun 30, 2026 AMG Funds, not summed	517,882	0.84%	-17,743	Jun 30, 2026	AMG Funds, not summed
43	Western Standard LLC 13F CIK 1517666 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	513,240	0.83%	+513,240	Jun 30, 2026	carried, not yet filed for the newest quarter
44	NORTHERN TRUST CORP 13F CIK 73124 · Bank · Jun 30, 2026 carried, not yet filed for the newest quarter	508,859	0.82%	+15,862	Jun 30, 2026	carried, not yet filed for the newest quarter
44.1	Small Cap Index Fund Fund S000001245 · Registered fund · Jun 30, 2026 Northern Funds, not summed	32,075	0.05%	+3,292	Jun 30, 2026	Northern Funds, not summed
44.2	FlexShares Morningstar US Market Factor Tilt Index Fund Fund S000033312 · Registered fund · Jul 31, 2026 FlexShares Trust, not summed	6,162	0.01%	+4,622	Jul 31, 2026	FlexShares Trust, not summed
45	AQR CAPITAL MANAGEMENT LLC 13F CIK 1167557 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	497,128	0.81%	+398,962	Jun 30, 2026	carried, not yet filed for the newest quarter
46	Small Cap Core Trust Fund S000008313 · Registered fund · Jun 30, 2026 John Hancock Variable Insurance Trust, not summed	482,028	0.78%	+76,161	Jun 30, 2026	John Hancock Variable Insurance Trust, not summed
47	JANE STREET GROUP, LLC 13F CIK 1595888 · Unknown · Jun 30, 2026 carried, not yet filed for the newest quarter	462,831	0.75%	+462,831	Jun 30, 2026	carried, not yet filed for the newest quarter
48	Alvarez Ralph Insider CIK 1310215 · May 21, 2026 Director, issuer-wide	440,471	0.71%	+17,636	May 21, 2026	Director, issuer-wide
49	Clearbridge Investments, LLC 13F CIK 1348883 · Registered investment adviser · Jun 30, 2026 carried, not yet filed for the newest quarter	428,269	0.69%	+5,759	Jun 30, 2026	carried, not yet filed for the newest quarter
50	Emerald Growth Fund Fund S000093696 · Registered fund · Jul 31, 2026 RBB Fund, Inc., not summed	425,710	0.69%	—	Jul 31, 2026	RBB Fund, Inc., not summed

22 more nested rows are not shown here; Every filing lists them all.

Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.

Showing 1–50 of 321 holders

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Key facts CIK 1789940 CUSIP 33748L101 13F (30d) 20 filings 20 filers Visit website Investor relations