Vanguard Capital Management filed a Schedule 13G with the SEC on October 30, 2026, disclosing a 5% beneficial ownership position in First Watch Restaurant Group Inc as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Capital Management reported beneficial ownership of 3,088,864 shares of First Watch Restaurant Group Inc common stock.
  • Percent of class: The 3,088,864 shares represent 5% of the outstanding class, according to the filing.
  • Sole voting power: Vanguard Capital Management reported sole power to vote or direct the vote of 473,104 shares.
  • Sole dispositive power: The filing reported sole power to dispose or direct the disposition of 3,088,864 shares, with no shared dispositive power.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.
  • Reporting person type: Vanguard Capital Management is classified as an investment adviser (IA) in the filing, organized in Pennsylvania.

Vanguard Capital Management Discloses 3,088,864-Share Position in First Watch

According to the Schedule 13G filed October 30, 2026, Vanguard Capital Management, headquartered at 100 Vanguard Blvd., Malvern, PA 19355, reported aggregate beneficial ownership of 3,088,864 shares of common stock in First Watch Restaurant Group Inc (NASDAQ:FWRG), whose principal executive offices are located at 8725 Pendery Place, Suite 201, Bradenton, FL 34201. The filing identifies the CUSIP number for the common stock as 33748L101.

The filing states that Vanguard Capital Management holds sole voting power over 473,104 shares and sole dispositive power over all 3,088,864 shares, with zero shares subject to shared voting or shared dispositive power. The filing notes that this Schedule 13G "reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."

The filing further discloses that Vanguard Capital Management, "including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein," and that "no one other person's interest in the securities reported herein is more than 5%." The statement was signed by My Trieu-Gatt, identified as Authorized Signatory, Head of Global Fund Administration, on October 30, 2026.

What Was Disclosed

Vanguard Capital Management filed a Schedule 13G disclosing a 5% beneficial ownership stake of 3,088,864 shares in First Watch Restaurant Group Inc common stock, with sole dispositive power over all reported shares and sole voting power over 473,104 shares, triggered by an event on September 30, 2026.