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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, Q2 2025

Institutional positions in Dutch Bros Inc. as of Jun 30, 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
492
+28 vs. Q1 2025
Shares held
105.8M
+4.04M (+4.0%) vs. Q1 2025
Total value
$7.23B
+$951.5M (+15.1%) vs. Q1 2025
New holders
92
189 more added
Sold out
64
144 more reduced

2 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 492 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 heldQ2 2025: $7.23B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Dutch Bros Inc.; share changes are against Q1 2025.

Institutions holding BROS in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Algert Global LLC118,213$8.08M0.17%−1,100−0.9%Reduced
Castleark Management LLC114,300$7.81M0.23%−3,390−2.9%Reduced
California State Teachers Retirement System113,973$7.79M0.01%+8,967+8.5%Added
Stephens Investment Management Group LLC106,439$7.28M0.10%+106,439New
Walleye Capital LLC106,222$7.26M0.07%+89,266+526.5%Added
Bank of Montreal101,119$6.91M0.00%+94,092+1,339.0%Added
Principal Financial Group Inc100,824$6.89M0.00%−12,096−10.7%Reduced
TD Waterhouse Canada Inc.100,561$6.74M0.05%+664+0.7%Added
State Board of Administration of Florida Retirement System97,931$6.70M0.01%+10,381+11.9%Added
Cetera Investment Advisers97,569$6.67M0.01%+6,350+7.0%Added
Tiaa Trust, National Association95,598$6.54M0.02%+95,598New
ExodusPoint Capital Management, LP94,606$6.47M0.08%−37,211−28.2%Reduced
New York State Common Retirement Fund91,205$6.24M0.01%−5,657−5.8%Reduced
Agf Management Ltd90,869$6.21M0.03%+90,869New
EAM Investors, LLC86,963$5.95M0.90%−11,209−11.4%Reduced
Savoir Faire Capital Management, L.P.86,848$5.94M2.87%+25,905+42.5%Added
Granite Investment Partners, LLC85,788$5.87M0.29%−143,150−62.5%Reduced
EAM Global Investors LLC84,374$5.77M1.49%−310.0%Reduced
Advisor Group Holdings, Inc.84,518$5.77M0.01%−9,431−10.0%Reduced
PDT Partners, LLC83,706$5.72M0.32%−43,719−34.3%Reduced
Rockefeller Capital Management L.P.77,884$5.32M0.01%+1,212+1.6%Added
VestGen Advisors, LLC74,124$5.07M0.20%+13,437+22.1%Added
Envestnet Asset Management Inc69,969$4.78M0.00%−11,539−14.2%Reduced
HSBC Holdings PLC67,765$4.66M0.00%+61,834+1,042.6%Added
Magnetar Financial LLC67,839$4.64M0.02%−13,712−16.8%Reduced
Kennedy Capital Management, Inc.62,984$4.31M0.10%+3,945+6.7%Added
Exchange Traded Concepts, LLC61,774$4.22M0.05%+61,774New
Whittier Trust Co of Nevada Inc61,420$4.20M0.10%+1,672+2.8%Added
TRUE Private Wealth Advisors61,313$4.19M0.47%−332−0.5%Reduced
Fred Alger Management, LLC59,160$4.04M0.02%+59,160New
Kornitzer Capital Management Inc58,620$4.01M0.08%+58,620New
IMC-Chicago, LLC57,956$3.96M0.10%+57,956New
Public Employees Retirement System of Ohio56,070$3.83M0.01%+2,261+4.2%Added
Treasurer of the State of North Carolina54,017$3.69M0.01%+4,017+8.0%Added
LMR Partners LLP51,600$3.53M0.05%+51,600New
Bailard, Inc.51,520$3.52M0.08%00.0%Unchanged
Landscape Capital Management, L.L.C.50,647$3.46M0.27%−12,755−20.1%Reduced
Janus Henderson Group PLC50,512$3.45M0.00%00.0%Unchanged
D.A. Davidson & Co.50,427$3.45M0.02%+194+0.4%Added
Voya Investment Management LLC50,244$3.44M0.00%+23,487+87.8%Added
Lisanti Capital Growth, LLC49,870$3.41M0.95%+37,595+306.3%Added
Calamos Advisors LLC49,220$3.37M0.01%+43,354+739.1%Added
Nebula Research & Development LLC47,509$3.25M0.28%+7,970+20.2%Added
Jones Financial Companies LLLP45,923$3.18M0.00%+8,481+22.7%Added
EFG Asset Management (North America) Corp.46,080$3.15M0.44%+253+0.6%Added
Jane Street Group, LLC45,917$3.14M0.01%−364,563−88.8%Reduced
Dark Forest Capital Management LP45,710$3.13M0.13%+13,047+39.9%Added
Healthcare of Ontario Pension Plan Trust Fund45,400$3.10M0.01%+45,400New
IMS Capital Management44,056$3.01M1.41%+7,004+18.9%Added
Worldquant Millennium Advisors LLC44,054$3.01M0.01%−73,462−62.5%Reduced
Police & Firemen's Retirement System of New Jersey44,026$3.01M0.03%+4,541+11.5%Added
Schonfeld Strategic Advisors LLC42,916$2.93M0.02%−42,657−49.8%Reduced
Capital Fund Management S.A.42,302$2.89M0.03%−12,745−23.2%Reduced
State of New Jersey Common Pension Fund D40,930$2.80M0.01%+1,073+2.7%Added
Aigen Investment Management, LP40,259$2.75M0.38%−4,378−9.8%Reduced
Wolverine Trading, LLC38,895$2.70M0.07%+5,617+16.9%Added
TD Asset Management Inc38,252$2.62M0.00%+1,300+3.5%Added
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna37,662$2.57M1.03%+4,169+12.4%Added
Point72 Asset Management, L.P.37,260$2.55M0.01%−355,049−90.5%Reduced
Twinbeech Capital LP37,054$2.53M0.06%+16,073+76.6%Added
Janney Montgomery Scott LLC36,989$2.53M0.01%+9,084+32.6%Added
National Bank of Canada36,975$2.53M0.00%+17,353+88.4%Added
Versor Investments LP35,744$2.44M0.43%+15,761+78.9%Added
Arizona State Retirement System34,703$2.37M0.01%+2,053+6.3%Added
Natixis34,558$2.36M0.01%+34,558New
Taylor Frigon Capital Management LLC33,224$2.27M1.21%+3,752+12.7%Added
Gotham Asset Management, LLC32,707$2.24M0.01%+16,418+100.8%Added
Thornburg Investment Management Inc31,864$2.18M0.03%+31,864New
Kestra Private Wealth Services, LLC31,710$2.17M0.03%+2,099+7.1%Added
Citigroup Inc31,599$2.16M0.00%+3,578+12.8%Added
Quantbot Technologies LP30,862$2.11M0.05%−95,993−75.7%Reduced
Oak Thistle LLC30,828$2.11M0.31%+22,161+255.7%Added
Handelsbanken Fonder AB29,400$2.01M0.01%00.0%Unchanged
Manufacturers Life Insurance Company, The28,959$1.98M0.00%−777−2.6%Reduced
Teacher Retirement System of Texas28,648$1.96M0.01%+10,122+54.6%Added
Mariner, LLC28,620$1.96M0.00%+196+0.7%Added
Avantax Advisory Services, Inc.27,796$1.90M0.01%−13,677−33.0%Reduced
Natixis Advisors, L.P.25,048$1.71M0.00%+2,933+13.3%Added
KLP Kapitalforvaltning AS25,000$1.71M0.01%+1,600+6.8%Added
Blueshift Asset Management, LLC24,312$1.66M0.51%+15,521+176.6%Added
Mercer Global Advisors Inc24,365$1.66M0.00%+15,420+172.4%Added
Financial Advocates Investment Management24,110$1.65M0.13%+433+1.8%Added
Ieq Capital, LLC24,070$1.65M0.01%−39,800−62.3%Reduced
Franklin Resources Inc23,832$1.63M0.00%+3,425+16.8%Added
Comerica Bank23,235$1.59M0.01%−3,214−12.2%Reduced
Cambridge Investment Research Advisors, Inc.22,158$1.51M0.00%+773+3.6%Added
Integrated Advisors Network LLC22,039$1.51M0.07%+22,039New
Zurcher Kantonalbank (Zurich Cantonalbank)21,705$1.48M0.00%+1,452+7.2%Added
Cherry Creek Investment Advisors, Inc.21,171$1.45M0.68%−82−0.4%Reduced
Independent Advisor Alliance20,802$1.42M0.04%+1,060+5.4%Added
Kestra Advisory Services, LLC20,556$1.41M0.01%+12,953+170.4%Added
Dynamic Technology Lab Private Ltd20,442$1.40M0.19%−27,682−57.5%Reduced
Wesbanco Bank Inc20,200$1.38M0.04%−7,285−26.5%Reduced
Redwood Investment Management, LLC19,938$1.36M0.14%−1,236−5.8%Reduced
Private Advisor Group, LLC19,935$1.36M0.01%+452+2.3%Added
Independent Financial Group, LLC19,890$1.36M0.04%−4,785−19.4%Reduced
Legacy Capital Group California, Inc.19,183$1.31M0.36%+19,183New
Winton Group Ltd19,016$1.30M0.07%+19,016New
Federation des caisses Desjardins du Quebec18,840$1.29M0.01%00.0%Unchanged
Bayesian Capital Management, LP18,801$1.29M0.20%+18,801New