第一手錶餐廳集團有限公司
US ˙ NasdaqGS ˙ US33748L1017

SecurityFWRG / First Watch Restaurant Group, Inc.
InstitutionBlackRock, Inc.
Latest Disclosed Ownership3,951,009 shares
Ownership 6.50%
BlackRock, Inc. ownership in FWRG / First Watch Restaurant Group, Inc.

2026-04-27 - BlackRock, Inc. has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 3,951,009 shares of First Watch Restaurant Group, Inc. (US:FWRG). This represents 6.5 percent ownership of the company. In their previous filing dated 2025-10-17 , BlackRock, Inc. had reported owning 3,115,700 shares, indicating an increase of 26.81 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)
2026-04-27 2026-04-27 13G/A 3,115,700 3,951,009 26.81 6.50 27.45
2025-10-17 2025-10-17 13G 3,115,700 5.10

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.

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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)
2026-05-13 2026-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 4,071,745 343,037 9.20 42,672 -24.11 0.0001
2026-02-12 2025-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 3,728,708 608,508 19.50 56,229 15.22 0.0010
2025-11-12 2025-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 3,120,200 226,039 7.81 48,800 5.12 0.0009
2025-08-12 2025-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,894,161 -9,339 -0.32 46,422 -3.97 0.0009
2025-05-02 2025-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,903,500 314,267 12.14 48,343 0.33 0.0010
2025-02-07 2024-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,589,233 268,087 11.55 48,186 33.07 0.0010
2024-11-13 2024-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,321,146 194,254 9.13 36,210 -3.05 0.0008
2024-08-13 2024-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 2,126,892 345,705 19.41 37,348 -14.83 0.0008
2024-05-10 2024-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 1,781,187 106,753 6.38 43,853 30.29 0.0010
2024-02-13 2023-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 1,674,434 72,351 4.52 33,656 21.50 0.0009
2023-11-13 2023-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 1,602,083 634,350 65.55 27,700 69.38 0.0008
2023-08-11 2023-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 967,733 128,320 15.29 16,355 21.32 0.0005
2023-05-12 2023-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 839,413 110,503 15.16 13,481 36.69 0.0004
2023-02-13 2022-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 728,910 191,305 35.58 9,862 26.68 0.0003
2022-11-14 2022-09-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 537,605 21,179 4.10 7,785 4.52 0.0003
2022-08-12 2022-06-30 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 516,426 -7,565 -1.44 7,448 8.92 0.0002
2022-05-12 2022-03-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 523,991 -615,844 -54.03 6,838 -64.21 0.0002
2022-02-10 2021-12-31 13F FIRST WATCH RESTAURANT GROUP COM 33748L101 1,139,835 1,139,835 19,104 0.0005
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.