FWRG US Equity

First Watch Restaurant Group, Inc.

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Consumer Discretionary · Retail-Eating Places · CIK 1789940 · FYE 1228

$13.20

+0.20 (+1.54%)

USD · as of 2026-07-29 · marketstack

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Institutional ownership· 13F filers holding FWRG · 2026-Q1 methodology → sources →

210 holders

% of shares outstanding held

110.6%

Shares held (13F)

67,613,124

Reporting holders

210

Institutional 13F holdings sum to 110.6% of shares outstanding. Readings above 100% reflect securities-lending double counting: shares on loan to short sellers are reported long by both the lending institution and the one that bought them. FINRA short interest of 5,242,381 shares (settlement 2026-04-30) accounts for the excess.

Active share of register73.0%190 active filers

Index / screened out27.0%20 filers

Reporting holders2102026-Q1

Top-10 concentration44.0%

HHI0.0273

Effective holders36.6

Crowding percentile60.6of 793 same-size names

Top holders

largest 100 of 210 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	4,071,7454.1M	$43M	6.66%	ADD 9%
2	Bank of New York Mellon Corp	3,957,6974.0M	$41M	6.47%	ADD 97%
3	NEUBERGER BERMAN GROUP LLC	3,574,3183.6M	$37M	5.85%	ADD 15%
4	MANUFACTURERS LIFE INSURANCE COMPANY, THE	3,357,9503.4M	$35M	5.49%	ADD 81%
5	MILLENNIUM MANAGEMENT LLC	3,232,2473.2M	$34M	5.29%	ADD 5545%
6	DIMENSIONAL FUND ADVISORS LP	3,084,8863.1M	$32M	5.05%	ADD 20%
7	VANGUARD CAPITAL MANAGEMENT LLC	2,402,3882.4M	$25M	3.93%	NEW†
8	RIVERBRIDGE PARTNERS LLC	2,091,7002.1M	$22M	3.42%	ADD 91%
9	FMR LLC	1,995,1212.0M	$21M	3.26%	TRIM -63%
10	GW&K Investment Management, LLC	1,959,1712.0M	$21M	3.20%	TRIM -4%
11	LAZARD ASSET MANAGEMENT LLC	1,780,8391.8M	$19M	2.91%	ADD 9%
12	Stephens Investment Management Group LLC	1,659,7991.7M	$17M	2.71%	ADD 21%
13	Hodges Capital Management Inc.	1,481,7771.5M	$16M	2.42%	ADD 114%
14	MORGAN STANLEY	1,460,0341.5M	$15M	2.39%	ADD 175%
15	BWCP, LP	1,358,0731.4M	$14M	2.22%	NEW†
16	GEODE CAPITAL MANAGEMENT, LLC	1,305,5521.3M	$14M	2.14%	ADD 9%
17	STATE STREET CORP	1,193,3491.2M	$13M	1.95%	ADD 9%
18	Penn Capital Management Company, LLC	1,141,1571.1M	$12M	1.87%	—
19	Granahan Investment Management, LLC	1,088,0371.1M	$11M	1.78%	TRIM -25%
20	BANK OF AMERICA CORP /DE/	1,052,4261.1M	$11M	1.72%	ADD 77%
21	SILVERCREST ASSET MANAGEMENT GROUP LLC	1,048,6941.0M	$11M	1.72%	TRIM -11%
22	FRED ALGER MANAGEMENT, LLC	956,960956,960	$10M	1.57%	TRIM -8%
23	UBS Group AG	954,074954,074	$10M	1.56%	ADD 5%
24	EMERALD ADVISERS, LLC	947,110947,110	$10M	1.55%	TRIM -3%
25	Paralel Advisors LLC	900,000900,000	$9M	1.47%	—
26	Champlain Investment Partners, LLC	764,931764,931	$8M	1.25%	TRIM -33%
27	GILDER GAGNON HOWE & CO LLC	741,126741,126	$8M	1.21%	TRIM -64%
28	NEW YORK STATE COMMON RETIREMENT FUND	706,138706,138	$7M	1.15%	—
29	Russell Investments Group, Ltd.	652,508652,508	$7M	1.07%	TRIM -5%
30	SUSQUEHANNA INTERNATIONAL GROUP, LLP	616,189616,189	$6M	1.01%	ADD 1479%
31	EMERALD MUTUAL FUND ADVISERS TRUST	569,418569,418	$6M	0.93%	—
32	VANGUARD PORTFOLIO MANAGEMENT LLC	552,022552,022	$6M	0.90%	NEW
33	FEDERATED HERMES, INC.	524,032524,032	$5M	0.86%	TRIM -43%
34	ArrowMark Colorado Holdings LLC	497,181497,181	$5M	0.81%	TRIM -16%
35	NORTHERN TRUST CORP	492,997492,997	$5M	0.81%	—
36	Qube Research & Technologies Ltd	488,790488,790	$5M	0.80%	ADD 13%
37	CITADEL ADVISORS LLC	488,415488,415	$5M	0.80%	TRIM -48%
38	SEI INVESTMENTS CO	464,782464,782	$5M	0.76%	ADD 95%
39	WASATCH ADVISORS LP	441,416441,416	$5M	0.72%	TRIM -2%
40	Clearbridge Investments, LLC	422,510422,510	$4M	0.69%	TRIM -4%
41	GOLDMAN SACHS GROUP INC	409,919409,919	$4M	0.67%	TRIM -62%
42	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	409,803409,803	$4M	0.67%	—
43	NOMURA HOLDINGS INC	382,662382,662	$4M	0.63%	NEW
44	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	382,295382,295	$4M	0.63%	—
45	FRANKLIN RESOURCES INC	348,423348,423	$4M	0.57%	TRIM -67%
46	FIRST TRUST ADVISORS LP	346,201346,201	$4M	0.57%	ADD 61%
47	VANGUARD FIDUCIARY TRUST CO	336,993336,993	$4M	0.55%	NEW
48	KENNEDY CAPITAL MANAGEMENT LLC	317,253317,253	$3M	0.52%	NEW
49	LOOMIS SAYLES & CO L P	311,740311,740	$3M	0.51%	TRIM -83%
50	KORNITZER CAPITAL MANAGEMENT INC /KS	310,837310,837	$3M	0.51%	—
51	ROYCE & ASSOCIATES LP	295,168295,168	$3M	0.48%	ADD 122%
52	Balyasny Asset Management L.P.	280,977280,977	$3M	0.46%	NEW
53	Avory & Company, LLC	254,147254,147	$3M	0.42%	TRIM -24%
54	BROWN ADVISORY INC	248,630248,630	$3M	0.41%	ADD 9%
55	RAYMOND JAMES FINANCIAL INC	218,313218,313	$2M	0.36%	ADD 165%
56	ENVESTNET ASSET MANAGEMENT INC	191,381191,381	$2M	0.31%	ADD 107%
57	Squarepoint Ops LLC	188,493188,493	$2M	0.31%	TRIM -59%
58	Quantinno Capital Management LP	183,171183,171	$2M	0.30%	ADD 1448%
59	1492 Capital Management LLC	172,938172,938	$2M	0.28%	NEW
60	First Dallas Securities Inc.	166,750166,750	$2M	0.27%	ADD 328%
61	Empowered Funds, LLC	166,559166,559	$2M	0.27%	NEW
62	Access Investment Management LLC	161,210161,210	$2M	0.26%	NEW
63	HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC	151,970151,970	$2M	0.25%	NEW
64	Ancora Advisors LLC	151,252151,252	$2M	0.25%	TRIM -41%
65	CONGRESS ASSET MANAGEMENT CO	140,997140,997	$1M	0.23%	NEW
66	RICE HALL JAMES & ASSOCIATES, LLC	139,855139,855	$1M	0.23%	ADD 4%
67	Corient Private Wealth LLC	138,866138,866	$1M	0.23%	NEW
68	LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	126,462126,462	$1M	0.21%	NEW
69	Invesco Ltd.	125,013125,013	$1M	0.20%	ADD 39%
70	LPL Financial LLC	118,628118,628	$1M	0.19%	ADD 24%
71	OPPENHEIMER ASSET MANAGEMENT INC.	116,835116,835	$1M	0.19%	ADD 149%
72	Swiss National Bank	108,300108,300	$1M	0.18%	—
73	Dynamic Technology Lab Private Ltd	108,094108,094	$1M	0.18%	ADD 855%
74	Boston Partners	106,570106,570	$1M	0.17%	ADD 348%
75	AQR CAPITAL MANAGEMENT LLC	98,16698,166	$1M	0.16%	ADD 518%
76	Numerai GP LLC	94,21894,218	$987,405	0.15%	NEW
77	AMERICAN CENTURY COMPANIES INC	93,53593,535	$980,247	0.15%	TRIM -5%
78	XTX Topco Ltd	87,41887,418	$916,141	0.14%	ADD 14%
79	VARCOV Co.	83,75083,750	$877,700	0.14%	ADD 12%
80	MOODY NATIONAL BANK TRUST DIVISION	81,57981,579	$854,948	0.13%	TRIM -20%
81	Nuveen, LLC	79,93879,938	$837,750	0.13%	ADD 7%
82	Diametric Capital, LP	78,26278,262	$820,185	0.13%	TRIM -27%
83	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	77,37377,373	$810,869	0.13%	ADD 68%
84	TUDOR INVESTMENT CORP ET AL	76,92876,928	$806,205	0.13%	NEW
85	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	76,30376,303	$799,656	0.12%	ADD 3%
86	VICTORY CAPITAL MANAGEMENT INC	75,00075,000	$786,000	0.12%	ADD 32%
87	Accurate Wealth Management, LLC	65,70265,702	$754,298	0.11%	ADD 11%
88	Arkadios Wealth Advisors	71,41371,413	$748,408	0.12%	TRIM -3%
89	ALLIANCEBERNSTEIN L.P.	49,36049,360	$744,349	0.08%	—
90	RHUMBLINE ADVISERS	63,59163,591	$666,424	0.10%	ADD 8%
91	Lighthouse Investment Partners, LLC	62,67462,674	$656,824	0.10%	NEW
92	Sumitomo Mitsui Trust Group, Inc.	62,39362,393	$653,879	0.10%	ADD 108%
93	CIBC WORLD MARKET INC.	62,00062,000	$649,760	0.10%	NEW
94	NATIXIS ADVISORS, LLC	61,56061,560	$645,000	0.10%	ADD 24%
95	JONES FINANCIAL COMPANIES LLLP	58,74258,742	$605,630	0.10%	ADD 6216%
96	Sterling Capital Management LLC	57,71957,719	$604,895	0.09%	TRIM -45%
97	DEUTSCHE BANK AG\	55,58155,581	$582,489	0.09%	ADD 23%
98	Man Group plc	52,68752,687	$552,160	0.09%	TRIM -58%
99	Universal- Beteiligungs- und Servicegesellschaft mbH	51,56651,566	$540,412	0.08%	ADD 28%
100	NBC SECURITIES, INC.	50,16250,162	$525,697	0.08%	ADD 21%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Buyers & sellers2026-Q1 vs 2025-Q4 · 130 bought / 109 sold · net −2,802,849 shares · 3.1d of ADV

Bought130 filers

Shares: 21,823,329
Value: $229M
Opened: 51 · 7,529,093 sh
Days of ADV: 24.1d

Sold109 filers

Shares: 24,626,178
Value: $258M
Closed: 48 · 10,169,860 sh
Days of ADV: 27.2d

Net (all filers) −2,802,849 sh · $29M · −4.0% of the prior register

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

2.6M

2.9M

3.1M

3.7M

4.1M

$43M

Bank of New York Mellon Corp

79K

239K

337K

1.9M

2.0M

4.0M

$41M

NEUBERGER BERMAN GROUP LLC

676K

1.0M

1.6M

1.5M

3.1M

3.6M

$37M

MANUFACTURERS LIFE INSURANCE COMPANY, THE

1.5M

2.3M

1.8M

1.9M

3.4M

$35M

MILLENNIUM MANAGEMENT LLC

—

25K

28K

696K

57K

3.2M

$34M

DIMENSIONAL FUND ADVISORS LP

1.9M

2.1M

2.4M

2.6M

3.1M

$32M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.4M

$25M

RIVERBRIDGE PARTNERS LLC

—

1.3M

1.2M

1.1M

2.1M

$22M

FMR LLC

244K

2.3M

2.1M

2.5M

5.4M

2.0M

$21M

GW&K Investment Management, LLC

1.8M

1.6M

1.8M

1.7M

2.0M

$21M

LAZARD ASSET MANAGEMENT LLC

2.1M

2.0M

2.3M

2.1M

1.6M

1.8M

$19M

Stephens Investment Management Group LLC

693K

709K

769K

932K

1.4M

1.7M

$17M

Hodges Capital Management Inc.

—

143K

693K

1.5M

$16M

MORGAN STANLEY

470K

268K

292K

455K

531K

1.5M

$15M

BWCP, LP

—

1.4M

$14M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding divides each quarter's as-filed 13F shares by the SEC cover-page share count dated to that same quarter (split-adjusted), not by today's count — so splits and buybacks don't move the line.

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	210	67,613,124	110.6%	$709M
2025-Q4	207	70,415,973

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · FWRG

Full stake history →

Large holders — 13G, passive (top 5 of 8 by % of class)

Holder	% of class	Type	As of
Bank of New York Mellon Corp	6.5%	QII	2026-03-31	SEC →
BlackRock, Inc.	6.5%	QII	2026-03-31	SEC →
Neuberger Berman Group LLC	5.1%	QII	2026-05-31	SEC →
DIMENSIONAL FUND ADVISORS LP	4.2%	QII	2026-06-30	SEC →
INTEGRATED CORE STRATEGIES (US) LLC	3.6%

▸Register gapwho owns your peers and not you

13F

Institutional ownership· 13F filers holding FWRG · 2026-Q1 methodology → sources →

210 holders

% of shares outstanding held

110.6%

Shares held (13F)

67,613,124

Reporting holders

210

Active share of register73.0%190 active filers

Index / screened out27.0%20 filers

Reporting holders2102026-Q1

Top-10 concentration44.0%

HHI0.0273

Effective holders36.6

Crowding percentile60.6of 793 same-size names

Top holders

largest 100 of 210 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	4,071,7454.1M	$43M	6.66%	ADD 9%
2	Bank of New York Mellon Corp	3,957,6974.0M	$41M	6.47%	ADD 97%
3	NEUBERGER BERMAN GROUP LLC	3,574,3183.6M	$37M	5.85%	ADD 15%
4	MANUFACTURERS LIFE INSURANCE COMPANY, THE	3,357,9503.4M	$35M	5.49%	ADD 81%
5	MILLENNIUM MANAGEMENT LLC	3,232,2473.2M	$34M	5.29%	ADD 5545%
6	DIMENSIONAL FUND ADVISORS LP	3,084,8863.1M	$32M	5.05%	ADD 20%
7	VANGUARD CAPITAL MANAGEMENT LLC	2,402,3882.4M	$25M	3.93%	NEW†
8	RIVERBRIDGE PARTNERS LLC	2,091,7002.1M	$22M	3.42%	ADD 91%
9	FMR LLC	1,995,1212.0M	$21M	3.26%	TRIM -63%
10	GW&K Investment Management, LLC	1,959,1712.0M	$21M	3.20%	TRIM -4%
11	LAZARD ASSET MANAGEMENT LLC	1,780,8391.8M	$19M	2.91%	ADD 9%
12	Stephens Investment Management Group LLC	1,659,7991.7M	$17M	2.71%	ADD 21%
13	Hodges Capital Management Inc.	1,481,7771.5M	$16M	2.42%	ADD 114%
14	MORGAN STANLEY	1,460,0341.5M	$15M	2.39%	ADD 175%
15	BWCP, LP	1,358,0731.4M	$14M	2.22%	NEW†
16	GEODE CAPITAL MANAGEMENT, LLC	1,305,5521.3M	$14M	2.14%	ADD 9%
17	STATE STREET CORP	1,193,3491.2M	$13M	1.95%	ADD 9%
18	Penn Capital Management Company, LLC	1,141,1571.1M	$12M	1.87%	—
19	Granahan Investment Management, LLC	1,088,0371.1M	$11M	1.78%	TRIM -25%
20	BANK OF AMERICA CORP /DE/	1,052,4261.1M	$11M	1.72%	ADD 77%
21	SILVERCREST ASSET MANAGEMENT GROUP LLC	1,048,6941.0M	$11M	1.72%	TRIM -11%
22	FRED ALGER MANAGEMENT, LLC	956,960956,960	$10M	1.57%	TRIM -8%
23	UBS Group AG	954,074954,074	$10M	1.56%	ADD 5%
24	EMERALD ADVISERS, LLC	947,110947,110	$10M	1.55%	TRIM -3%
25	Paralel Advisors LLC	900,000900,000	$9M	1.47%	—
26	Champlain Investment Partners, LLC	764,931764,931	$8M	1.25%	TRIM -33%
27	GILDER GAGNON HOWE & CO LLC	741,126741,126	$8M	1.21%	TRIM -64%
28	NEW YORK STATE COMMON RETIREMENT FUND	706,138706,138	$7M	1.15%	—
29	Russell Investments Group, Ltd.	652,508652,508	$7M	1.07%	TRIM -5%
30	SUSQUEHANNA INTERNATIONAL GROUP, LLP	616,189616,189	$6M	1.01%	ADD 1479%
31	EMERALD MUTUAL FUND ADVISERS TRUST	569,418569,418	$6M	0.93%	—
32	VANGUARD PORTFOLIO MANAGEMENT LLC	552,022552,022	$6M	0.90%	NEW
33	FEDERATED HERMES, INC.	524,032524,032	$5M	0.86%	TRIM -43%
34	ArrowMark Colorado Holdings LLC	497,181497,181	$5M	0.81%	TRIM -16%
35	NORTHERN TRUST CORP	492,997492,997	$5M	0.81%	—
36	Qube Research & Technologies Ltd	488,790488,790	$5M	0.80%	ADD 13%
37	CITADEL ADVISORS LLC	488,415488,415	$5M	0.80%	TRIM -48%
38	SEI INVESTMENTS CO	464,782464,782	$5M	0.76%	ADD 95%
39	WASATCH ADVISORS LP	441,416441,416	$5M	0.72%	TRIM -2%
40	Clearbridge Investments, LLC	422,510422,510	$4M	0.69%	TRIM -4%
41	GOLDMAN SACHS GROUP INC	409,919409,919	$4M	0.67%	TRIM -62%
42	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	409,803409,803	$4M	0.67%	—
43	NOMURA HOLDINGS INC	382,662382,662	$4M	0.63%	NEW
44	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	382,295382,295	$4M	0.63%	—
45	FRANKLIN RESOURCES INC	348,423348,423	$4M	0.57%	TRIM -67%
46	FIRST TRUST ADVISORS LP	346,201346,201	$4M	0.57%	ADD 61%
47	VANGUARD FIDUCIARY TRUST CO	336,993336,993	$4M	0.55%	NEW
48	KENNEDY CAPITAL MANAGEMENT LLC	317,253317,253	$3M	0.52%	NEW
49	LOOMIS SAYLES & CO L P	311,740311,740	$3M	0.51%	TRIM -83%
50	KORNITZER CAPITAL MANAGEMENT INC /KS	310,837310,837	$3M	0.51%	—
51	ROYCE & ASSOCIATES LP	295,168295,168	$3M	0.48%	ADD 122%
52	Balyasny Asset Management L.P.	280,977280,977	$3M	0.46%	NEW
53	Avory & Company, LLC	254,147254,147	$3M	0.42%	TRIM -24%
54	BROWN ADVISORY INC	248,630248,630	$3M	0.41%	ADD 9%
55	RAYMOND JAMES FINANCIAL INC	218,313218,313	$2M	0.36%	ADD 165%
56	ENVESTNET ASSET MANAGEMENT INC	191,381191,381	$2M	0.31%	ADD 107%
57	Squarepoint Ops LLC	188,493188,493	$2M	0.31%	TRIM -59%
58	Quantinno Capital Management LP	183,171183,171	$2M	0.30%	ADD 1448%
59	1492 Capital Management LLC	172,938172,938	$2M	0.28%	NEW
60	First Dallas Securities Inc.	166,750166,750	$2M	0.27%	ADD 328%
61	Empowered Funds, LLC	166,559166,559	$2M	0.27%	NEW
62	Access Investment Management LLC	161,210161,210	$2M	0.26%	NEW
63	HUNTER ASSOCIATES INVESTMENT MANAGEMENT LLC	151,970151,970	$2M	0.25%	NEW
64	Ancora Advisors LLC	151,252151,252	$2M	0.25%	TRIM -41%
65	CONGRESS ASSET MANAGEMENT CO	140,997140,997	$1M	0.23%	NEW
66	RICE HALL JAMES & ASSOCIATES, LLC	139,855139,855	$1M	0.23%	ADD 4%
67	Corient Private Wealth LLC	138,866138,866	$1M	0.23%	NEW
68	LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	126,462126,462	$1M	0.21%	NEW
69	Invesco Ltd.	125,013125,013	$1M	0.20%	ADD 39%
70	LPL Financial LLC	118,628118,628	$1M	0.19%	ADD 24%
71	OPPENHEIMER ASSET MANAGEMENT INC.	116,835116,835	$1M	0.19%	ADD 149%
72	Swiss National Bank	108,300108,300	$1M	0.18%	—
73	Dynamic Technology Lab Private Ltd	108,094108,094	$1M	0.18%	ADD 855%
74	Boston Partners	106,570106,570	$1M	0.17%	ADD 348%
75	AQR CAPITAL MANAGEMENT LLC	98,16698,166	$1M	0.16%	ADD 518%
76	Numerai GP LLC	94,21894,218	$987,405	0.15%	NEW
77	AMERICAN CENTURY COMPANIES INC	93,53593,535	$980,247	0.15%	TRIM -5%
78	XTX Topco Ltd	87,41887,418	$916,141	0.14%	ADD 14%
79	VARCOV Co.	83,75083,750	$877,700	0.14%	ADD 12%
80	MOODY NATIONAL BANK TRUST DIVISION	81,57981,579	$854,948	0.13%	TRIM -20%
81	Nuveen, LLC	79,93879,938	$837,750	0.13%	ADD 7%
82	Diametric Capital, LP	78,26278,262	$820,185	0.13%	TRIM -27%
83	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	77,37377,373	$810,869	0.13%	ADD 68%
84	TUDOR INVESTMENT CORP ET AL	76,92876,928	$806,205	0.13%	NEW
85	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	76,30376,303	$799,656	0.12%	ADD 3%
86	VICTORY CAPITAL MANAGEMENT INC	75,00075,000	$786,000	0.12%	ADD 32%
87	Accurate Wealth Management, LLC	65,70265,702	$754,298	0.11%	ADD 11%
88	Arkadios Wealth Advisors	71,41371,413	$748,408	0.12%	TRIM -3%
89	ALLIANCEBERNSTEIN L.P.	49,36049,360	$744,349	0.08%	—
90	RHUMBLINE ADVISERS	63,59163,591	$666,424	0.10%	ADD 8%
91	Lighthouse Investment Partners, LLC	62,67462,674	$656,824	0.10%	NEW
92	Sumitomo Mitsui Trust Group, Inc.	62,39362,393	$653,879	0.10%	ADD 108%
93	CIBC WORLD MARKET INC.	62,00062,000	$649,760	0.10%	NEW
94	NATIXIS ADVISORS, LLC	61,56061,560	$645,000	0.10%	ADD 24%
95	JONES FINANCIAL COMPANIES LLLP	58,74258,742	$605,630	0.10%	ADD 6216%
96	Sterling Capital Management LLC	57,71957,719	$604,895	0.09%	TRIM -45%
97	DEUTSCHE BANK AG\	55,58155,581	$582,489	0.09%	ADD 23%
98	Man Group plc	52,68752,687	$552,160	0.09%	TRIM -58%
99	Universal- Beteiligungs- und Servicegesellschaft mbH	51,56651,566	$540,412	0.08%	ADD 28%
100	NBC SECURITIES, INC.	50,16250,162	$525,697	0.08%	ADD 21%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Buyers & sellers2026-Q1 vs 2025-Q4 · 130 bought / 109 sold · net −2,802,849 shares · 3.1d of ADV

Bought130 filers

Shares: 21,823,329
Value: $229M
Opened: 51 · 7,529,093 sh
Days of ADV: 24.1d

Sold109 filers

Shares: 24,626,178
Value: $258M
Closed: 48 · 10,169,860 sh
Days of ADV: 27.2d

Net (all filers) −2,802,849 sh · $29M · −4.0% of the prior register

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

2.6M

2.9M

3.1M

3.7M

4.1M

$43M

Bank of New York Mellon Corp

79K

239K

337K

1.9M

2.0M

4.0M

$41M

NEUBERGER BERMAN GROUP LLC

676K

1.0M

1.6M

1.5M

3.1M

3.6M

$37M

MANUFACTURERS LIFE INSURANCE COMPANY, THE

1.5M

2.3M

1.8M

1.9M

3.4M

$35M

MILLENNIUM MANAGEMENT LLC

—

25K

28K

696K

57K

3.2M

$34M

DIMENSIONAL FUND ADVISORS LP

1.9M

2.1M

2.4M

2.6M

3.1M

$32M

VANGUARD CAPITAL MANAGEMENT LLC

—

2.4M

$25M

RIVERBRIDGE PARTNERS LLC

—

1.3M

1.2M

1.1M

2.1M

$22M

FMR LLC

244K

2.3M

2.1M

2.5M

5.4M

2.0M

$21M

GW&K Investment Management, LLC

1.8M

1.6M

1.8M

1.7M

2.0M

$21M

LAZARD ASSET MANAGEMENT LLC

2.1M

2.0M

2.3M

2.1M

1.6M

1.8M

$19M

Stephens Investment Management Group LLC

693K

709K

769K

932K

1.4M

1.7M

$17M

Hodges Capital Management Inc.

—

143K

693K

1.5M

$16M

MORGAN STANLEY

470K

268K

292K

455K

531K

1.5M

$15M

BWCP, LP

—

1.4M

$14M

Institutional footprint by quarter

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	210	67,613,124	110.6%	$709M
2025-Q4	207	70,415,973

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · FWRG

Full stake history →

Large holders — 13G, passive (top 5 of 8 by % of class)

Holder	% of class	Type	As of
Bank of New York Mellon Corp	6.5%	QII	2026-03-31	SEC →
BlackRock, Inc.	6.5%	QII	2026-03-31	SEC →
Neuberger Berman Group LLC	5.1%	QII	2026-05-31	SEC →
DIMENSIONAL FUND ADVISORS LP	4.2%	QII	2026-06-30	SEC →
INTEGRATED CORE STRATEGIES (US) LLC	3.6%

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Institutional ownership· 13F filers holding FWRG · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · FWRG

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Institutional ownership· 13F filers holding FWRG · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · FWRG

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