FWRG — FIRST WATCH RESTAURANT GROUP

Ownership history in 12 West Capital Management LP  ·  10 quarters on record

AI Ownership Summary

12 West Capital Management LP reported FIRST WATCH RESTAURANT GROUP (FWRG) in 10 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 3.93% in 2024 Q4. The latest visible filing shows FWRG at 1.92% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this FWRG ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was 12 West Capital Management LP's position in FIRST WATCH RESTAURANT GROUP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

FWRG was reported at 1.92% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
3.93% in 2024 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

FWRG stock page 12 West Capital Management LP fund profile 12 West Capital Management LP full holdings
How 12 West Capital Management LP held FWRG — position size vs. price
% of Fund (quarterly)    FWRG price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 REDUCED 1,070,701 -420,000 -28.2% 1.92% $16.1M 2026-02-14 (Est.) $15.37
2025 Q3 UNCHANGED 1,490,701 — 0% 2.42% $23.3M 2025-11-14 $16.97
2025 Q2 UNCHANGED 1,490,701 — 0% 2.53% $23.9M 2025-08-14 $17.86
2025 Q1 REDUCED 1,490,701 -522,705 -26.0% 3.66% $24.8M 2025-05-15 $17.05
2024 Q4 ADDED 2,013,406 +337,920 +20.2% 3.93% $37.5M 2025-02-13 $20.50
2024 Q3 ADDED 1,675,486 +1,035,000 +161.6% 2.67% $26.1M 2024-11-13 $19.41
2024 Q2 UNCHANGED 640,486 — 0% 1.16% $11.2M 2024-08-14 $16.10
2024 Q1 ADDED 640,486 +105,486 +19.7% 1.42% $15.8M 2024-05-07 $21.51
2023 Q4 ADDED 535,000 +320,000 +148.8% 0.96% $10.8M 2024-02-14 $23.79
1 older quarter hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding FWRG

As of 2026 Q1 — sorted by position size

RIVERBRIDGE PARTNERS LLC 3Y 7Y 0.54% MOODY NATIONAL BANK TRUST DIVISION 3Y 7Y 0.08% NBC SECURITIES, INC. 0.04% CONGRESS ASSET MANAGEMENT CO 3Y 7Y 0.01% Diversified Trust Co 3Y 7Y 0.0% Versant Capital Management, Inc 3Y 7Y 0.0% Park Place Capital Corp 3Y 0.0% Farther Finance Advisors, LLC 0.0% SG Americas Securities, LLC 3Y 7Y 0.0% IFP Advisors, Inc 3Y 7Y 0.0%

FAQ About 12 West Capital Management LP and FWRG

These are the practical questions this page is built to answer before you even open the full history table.

How long has 12 West Capital Management LP reported owning FWRG?

12 West Capital Management LP reported FWRG across 9 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported FWRG position in 12 West Capital Management LP's portfolio?

The largest reported portfolio weight for FWRG was 3.93% in 2024 Q4.

What is the latest reported FWRG position on this page?

The most recent filing on this page is 2025 Q4, when 12 West Capital Management LP reported 1,070,701 shares, equal to 1.92% of portfolio, with an estimated market value of $16.1M.

What does the chart on this FWRG ownership page compare?

The chart compares 12 West Capital Management LP's quarterly FWRG portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

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