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Dutch Bros Inc.

BROS
Exchange
NYSE
Industry
Retail-Eating & Drinking Places
SEC CIK
0001866581

In the last 90 days, Dutch Bros Inc. insiders filed 1 open-market purchase and 0 sales; 559 institutions reported holding it in 13F filings for Q2 2026, worth $9.36B in total; no superinvestor holds it.

13F holders, Q1 2025

Institutional positions in Dutch Bros Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
466
+72 vs. Q4 2024
Shares held
101.8M
+896.8K (+0.9%) vs. Q4 2024
Total value
$6.28B
+$991.8M (+18.7%) vs. Q4 2024
New holders
112
168 more added
Sold out
40
128 more reduced

6 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting BROS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 466 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 120 institutionsQ4 2021: 150 institutionsQ1 2022: 193 institutionsQ2 2022: 186 institutionsQ3 2022: 191 institutionsQ4 2022: 192 institutionsQ1 2023: 187 institutionsQ2 2023: 187 institutionsQ3 2023: 191 institutionsQ4 2023: 232 institutionsQ1 2024: 269 institutionsQ2 2024: 336 institutionsQ3 2024: 347 institutionsQ4 2024: 400 institutionsQ1 2025: 466 institutionsQ2 2025: 492 institutionsQ3 2025: 450 institutionsQ4 2025: 512 institutionsQ1 2026: 510 institutionsQ2 2026: 559 institutions
Value heldQ1 2025: $6.28B
Q1 2021: $0Q2 2021: $0Q3 2021: $723.7MQ4 2021: $4.20BQ1 2022: $4.42BQ2 2022: $2.37BQ3 2022: $2.31BQ4 2022: $2.10BQ1 2023: $2.35BQ2 2023: $2.06BQ3 2023: $2.07BQ4 2023: $2.89BQ1 2024: $3.05BQ2 2024: $4.06BQ3 2024: $3.33BQ4 2024: $5.30BQ1 2025: $6.28BQ2 2025: $7.23BQ3 2025: $5.98BQ4 2025: $7.27BQ1 2026: $6.68BQ2 2026: $9.36B
Institutions holding BROS and their total value by quarter
QuarterHoldersValue
Q2 2026559$9.36B
Q1 2026510$6.68B
Q4 2025512$7.27B
Q3 2025450$5.98B
Q2 2025492$7.23B
Q1 2025466$6.28B
Q4 2024400$5.30B
Q3 2024347$3.33B
Q2 2024336$4.06B
Q1 2024269$3.05B
Q4 2023232$2.89B
Q3 2023191$2.07B
Q2 2023187$2.06B
Q1 2023187$2.35B
Q4 2022192$2.10B
Q3 2022191$2.31B
Q2 2022186$2.37B
Q1 2022193$4.42B
Q4 2021150$4.20B
Q3 2021120$723.7M
Q2 20210$0
Q1 20210$0

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Dutch Bros Inc.; share changes are against Q4 2024.

Institutions holding BROS in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Kestra Private Wealth Services, LLC29,611$1.83M0.03%+991+3.5%Added
Manufacturers Life Insurance Company, The29,736$1.84M0.00%+3,303+12.5%Added
Maverick Capital LtdSuperinvestorMaverick Capital31,633$1.95M0.04%+1,805+6.1%Added
Arizona State Retirement System32,650$2.02M0.01%−383−1.2%Reduced
Dark Forest Capital Management LP32,663$2.02M0.09%+8,709+36.4%Added
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna33,493$2.07M0.98%+5,530+19.8%Added
Wolverine Trading, LLC33,278$2.08M0.07%+9,082+37.5%Added
Empowered Funds, LLC33,843$2.09M0.03%+4,633+15.9%Added
TD Asset Management Inc36,952$2.28M0.00%−13,910−27.3%Reduced
IMS Capital Management37,052$2.29M1.15%−1,066−2.8%Reduced
Jones Financial Companies LLLP37,442$2.34M0.00%+10,152+37.2%Added
Canada Pension Plan Investment Board38,300$2.36M0.00%−135,400−78.0%Reduced
Police & Firemen's Retirement System of New Jersey39,485$2.44M0.02%+442+1.1%Added
Nebula Research & Development LLC39,539$2.44M0.23%+13,339+50.9%Added
State of New Jersey Common Pension Fund D39,857$2.46M0.01%−4,599−10.3%Reduced
Qsemble Capital Management, LP40,855$2.52M0.27%+30,971+313.3%Added
Avantax Advisory Services, Inc.41,473$2.56M0.02%−294−0.7%Reduced
Aigen Investment Management, LP44,637$2.76M0.44%+20,364+83.9%Added
Point72 Hong Kong Ltd44,700$2.76M0.20%+18,505+70.6%Added
Virtu Financial LLC44,813$2.77M0.15%+35,603+386.6%Added
EFG Asset Management (North America) Corp.45,827$2.83M0.47%−7,609−14.2%Reduced
Jain Global LLC47,023$2.90M0.06%−22,242−32.1%Reduced
Dynamic Technology Lab Private Ltd48,124$2.97M0.43%+36,697+321.1%Added
Hudson Bay Capital Management LP48,947$3.02M0.02%−18,017−26.9%Reduced
Treasurer of the State of North Carolina50,000$3.09M0.01%+1,950+4.1%Added
D.A. Davidson & Co.50,233$3.10M0.02%+1,600+3.3%Added
Janus Henderson Group PLC50,512$3.15M0.00%−1,800−3.4%Reduced
Bailard, Inc.51,520$3.18M0.08%00.0%Unchanged
Public Employees Retirement System of Ohio53,809$3.32M0.01%−39,248−42.2%Reduced
Capital Fund Management S.A.55,047$3.40M0.04%−157,719−74.1%Reduced
Kennedy Capital Management, Inc.59,039$3.65M0.09%−12,559−17.5%Reduced
Barclays PLC59,579$3.68M0.00%−370,114−86.1%Reduced
Whittier Trust Co of Nevada Inc59,748$3.69M0.09%+59,748New
VestGen Advisors, LLC60,687$3.75M0.17%+60,687New
Savoir Faire Capital Management, L.P.60,943$3.76M3.29%+8,202+15.6%Added
Graham Capital Management, L.P.60,965$3.76M0.12%+49,277+421.6%Added
TRUE Private Wealth Advisors61,645$3.81M0.46%−7,752−11.2%Reduced
Landscape Capital Management, L.L.C.63,402$3.91M0.35%+28,273+80.5%Added
Ieq Capital, LLC63,870$3.94M0.03%+57,254+865.4%Added
FORA Capital, LLC64,138$3.96M0.40%+43,552+211.6%Added
Jefferies Financial Group Inc.65,563$4.05M0.07%+16,211+32.8%Added
Twin Tree Management, LP66,803$4.12M0.09%+66,803New
Polen Capital Management LLC68,124$4.21M0.01%−36,899−35.1%Reduced
Quadrature Capital Ltd75,837$4.69M0.10%+75,837New
Rockefeller Capital Management L.P.76,672$4.73M0.01%+11,247+17.2%Added
Envestnet Asset Management Inc81,508$5.03M0.00%−44,608−35.4%Reduced
Magnetar Financial LLC81,551$5.03M0.07%+81,551New
EAM Global Investors LLC84,405$5.21M1.42%+84,405New
Schonfeld Strategic Advisors LLC85,573$5.28M0.04%−21,566−20.1%Reduced
State Board of Administration of Florida Retirement System87,550$5.41M0.01%+11,930+15.8%Added
Cetera Investment Advisers91,219$5.63M0.01%+1,849+2.1%Added
Advisor Group Holdings, Inc.93,949$5.80M0.01%−95,230−50.3%Reduced
New York State Common Retirement Fund96,862$5.98M0.01%−151,561−61.0%Reduced
EAM Investors, LLC98,172$6.06M1.05%−390−0.4%Reduced
TD Waterhouse Canada Inc.99,897$6.12M0.05%+99,897New
Nomura Holdings Inc100,058$6.18M0.03%+100,058New
Neuberger Berman Group LLC100,288$6.19M0.01%+43,300+76.0%Added
State of Wisconsin Investment Board102,766$6.34M0.02%+15,272+17.5%Added
Berkshire Capital Holdings Inc104,280$6.44M3.08%+104,280New
California State Teachers Retirement System105,006$6.48M0.01%−1,161−1.1%Reduced
JPMorgan Chase & Co105,019$6.48M0.00%−16,782−13.8%Reduced
Victory Capital Management Inc105,386$6.51M0.01%+80,800+328.6%Added
Macquarie Group Ltd105,778$6.53M0.01%−1,071−1.0%Reduced
Pier Capital, LLC107,859$6.66M1.12%−114,686−51.5%Reduced
Rhumbline Advisers109,391$6.75M0.01%−2,224−2.0%Reduced
Principal Financial Group Inc112,920$6.97M0.00%−21,643−16.1%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH116,509$7.19M0.01%+7,689+7.1%Added
Worldquant Millennium Advisors LLC117,516$7.26M0.05%+60,560+106.3%Added
Castleark Management LLC117,690$7.27M0.25%+17,130+17.0%Added
Whittier Trust Co118,002$7.29M0.10%+118,002New
Algert Global LLC119,313$7.37M0.18%+31,161+35.3%Added
Legal & General Group Plc124,369$7.68M0.00%+9,921+8.7%Added
Quantbot Technologies LP126,855$7.83M0.25%+36,421+40.3%Added
PDT Partners, LLC127,425$7.87M0.56%+78,291+159.3%Added
ExodusPoint Capital Management, LP131,817$8.14M0.11%+5,235+4.1%Added
SG Americas Securities, LLC139,364$8.60M0.03%+88,176+172.3%Added
Two Sigma Advisers, LP146,400$9.04M0.02%+146,400New
Commonwealth Equity Services, LLC149,001$9.20M0.01%−12,710−7.9%Reduced
Stifel Financial Corp150,494$9.29M0.01%−9,261−5.8%Reduced
California Public Employees Retirement System160,198$9.89M0.01%+160,198New
Russell Investments Group, Ltd.165,077$10.2M0.01%−42,475−20.5%Reduced
Concurrent Investment Advisors, LLC171,460$10.6M0.26%−857,145−83.3%Reduced
HRT Financial LP172,905$10.7M0.07%+16,574+10.6%Added
Silvercrest Asset Management Group LLC175,148$10.8M0.08%−62,446−26.3%Reduced
SEI Investments Co176,561$10.9M0.01%−196,904−52.7%Reduced
Aquatic Capital Management LLC176,624$10.9M0.28%+84,234+91.2%Added
Blair William & Co179,103$11.1M0.03%+59,542+49.8%Added
State of Michigan Retirement System180,000$11.1M0.06%00.0%Unchanged
Price T Rowe Associates Inc185,102$11.4M0.00%+2,658+1.5%Added
Next Century Growth Investors LLC185,486$11.5M1.02%−81,823−30.6%Reduced
HBK Investments L P200,000$12.3M0.22%−100,000−33.3%Reduced
Royal Bank of Canada203,964$12.6M0.00%+65,801+47.6%Added
Woodline Partners LP209,027$12.9M0.08%+185,072+772.6%Added
Oberweis Asset Management Inc219,000$13.5M0.67%00.0%Unchanged
Swiss National Bank220,500$13.6M0.01%−3,300−1.5%Reduced
Jump Financial, LLC223,771$13.8M0.21%+71,834+47.3%Added
Granite Investment Partners, LLC228,938$14.1M0.72%−466,492−67.1%Reduced
Wells Fargo & Company245,744$15.2M0.00%+123,181+100.5%Added
Crestwood Capital Management, L.P.270,379$16.7M12.81%−45,000−14.3%Reduced
Engineers Gate Manager LP270,379$16.7M0.28%−5,844−2.1%Reduced