Boston-based Introduction Worldwide bought 9,400,000 shares, value an estimated $152.89 million.
The change represents 3.3% of Introduction Worldwide’s reported 13F property underneath administration.
Put up-trade stake: 5,289,784 shares valued at $82.73 million.
First Watch now accounts for 1.67% of fund AUM, which makes it the fund’s Tenth-largest place.
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Boston-based Introduction Worldwide reported a major discount in its place in First Watch Restaurant Group (NASDAQ:FWRG) as of Sept. 30, 2025, with an estimated $152.89 million web lower.
Based on a submitting with the Securities and Trade Fee dated Nov. 14, 2025, Introduction Worldwide, L.P. lowered its holdings in First Watch Restaurant Group by 9,400,000 shares.
The post-sale place stands at 5,289,784 shares, valued at $82.73 million as of Sept. 30, 2025.
The agency’s post-sale stake in First Watch Restaurant Group represents 1.67% of reported 13F property, down from 7.64% of AUM within the prior quarter.
High holdings after the submitting:
NIQ World Intelligence (NYSE:NIQ): $2.35 billion (47.1% of AUM)
Olaplex (NASDAQ:OLPX): $654.30 million (13.1% of AUM)
CCC Clever Options (NASDAQ:CCCS): $340.19 million (6.8% of AUM)
Definitive Healthcare (NASDAQ:DH): $268.44 million (5.4% of AUM)
CI&T (NYSE:CINT): $255.64 million (5.1% of AUM)
As of Dec. 5, 2025, shares have been priced at $17.70, down 10% over the previous yr, underperforming the S&P 500 by 23 share factors.
The corporate’s five-year compound annual progress charge for gross sales is 22%.
Metric | Worth |
|---|
Market capitalization | $1.08 billion |
Income (TTM) | $1.17 billion |
Web earnings (TTM) | $5 million |
Value (as of market shut 2025-12-5) | $17.70 |
First Watch Restaurant Group:
Operates and franchises daytime-focused eating places underneath the First Watch model, providing breakfast, brunch, and lunch menu objects.
Has areas throughout 28 U.S. states.
Serves a broad buyer base in search of recent, made-to-order meals in an off-the-cuff eating setting.
As of Sept. 28, 2025, First Watch Restaurant Group operated 548 company-owned eating places and 72 franchised eating places in the USA.
After holding a majority stake in First Watch Restaurant Group early in 2021, Introduction Worldwide has slowly unwound its outsize place within the daytime eatery.
Whereas First Watch now accounts for only one.7% of Introduction’s portfolio, the latter nonetheless holds a 9% stake within the inventory, highlighting the numerous disparity in dimension between the 2.
This simply highlights that traders should not essentially fear concerning the sale, for my part.
From a Silly perspective, there’s a lot to love about this distinctive restaurant.
Its workers solely work one shift, from 7 a.m. to 2:30 p.m., streamlining operations and boosting worker satisfaction.
First Watch’s menus “are chef-driven and rotate 5 occasions a yr,” permitting the corporate to give attention to customizable meals that attraction to youthful generations.
With a per-person common value of $17, First Watch’s meals match into the “reasonably priced luxurious” area of interest and provide a fairly priced (and more healthy) different to the meals sometimes offered by outdated legacy restaurant chains.
Rising gross sales by 26%, same-store gross sales by 7%, and growing its revenue margins within the final quarter, First Watch seems like a horny progress inventory at simply 8 occasions money from operations (CFO).
Nonetheless solely working in 28 states — and lots of of those with only a single-digit retailer depend — First Watch’s progress story continues to be in its early chapters. House to a reduced valuation and rising through its personal CFO, I will maintain a really shut eye on this promising progress inventory.
13F property underneath administration (AUM): The full worth of securities reported by institutional funding managers in quarterly SEC Type 13F filings.
Stake: The quantity or share of possession an investor holds in an organization.
High holdings: The biggest investments in a fund’s portfolio, sometimes by market worth or share of property.
Compound annual progress charge (CAGR): The imply annual progress charge of an funding over a specified interval, assuming income are reinvested.
Trailing twelve months (TTM): The 12 months ending with the newest quarterly report.
Property underneath administration (AUM): The full market worth of investments managed by a fund or funding agency.
Franchised eating places: Eating places operated by unbiased house owners underneath an organization’s model and enterprise mannequin, reasonably than by the corporate itself.
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Josh Kohn-Lindquist has no place in any of the shares talked about. The Motley Idiot has no place in any of the shares talked about. The Motley Idiot has a disclosure coverage.
Ought to Traders Comply with Introduction Worldwide’s Lead because it Dumps $153 Million of First Watch Restaurant Group Inventory? was initially printed by The Motley Idiot
