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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, Q3 2025

Institutional positions in Dutch Bros Inc. as of Sep 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
450
−34 vs. Q2 2025
Shares held
114.4M
+10.0M (+9.6%) vs. Q2 2025
Total value
$5.98B
−$1.15B (−16.1%) vs. Q2 2025
New holders
62
191 more added
Sold out
96
129 more reduced

8 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 450 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 heldQ3 2025: $5.98B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Dutch Bros Inc.; share changes are against Q2 2025.

Institutions holding BROS in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Magnetar Financial LLC140,590$7.36M0.04%+72,751+107.2%Added
Commonwealth Equity Services, LLC139,363$7.29M0.01%−7,162−4.9%Reduced
Cetera Investment Advisers139,206$7.29M0.01%+41,637+42.7%Added
ExodusPoint Capital Management, LP138,176$7.23M0.10%+43,570+46.1%Added
HSBC Holdings PLC138,802$7.23M0.00%+71,037+104.8%Added
Legal & General Group Plc128,571$6.73M0.00%−5,824−4.3%Reduced
VestGen Advisors, LLC128,434$6.72M0.22%+54,310+73.3%Added
Rhumbline Advisers126,181$6.60M0.01%−3,448−2.7%Reduced
Silvercrest Asset Management Group LLC121,033$6.33M0.04%−3,136−2.5%Reduced
Whittier Trust Co123,267$6.23M0.07%+2,613+2.2%Added
Advisor Group Holdings, Inc.102,375$6.16M0.01%+17,857+21.1%Added
Two Sigma Advisers, LP114,600$6.00M0.01%−13,400−10.5%Reduced
California State Teachers Retirement System113,978$5.97M0.01%+50.0%Added
Savoir Faire Capital Management, L.P.112,783$5.90M2.12%+25,935+29.9%Added
Envestnet Asset Management Inc109,530$5.73M0.00%+39,561+56.5%Added
Y-Intercept (Hong Kong) Ltd108,170$5.66M0.14%+95,713+768.3%Added
Bank of Montreal105,331$5.51M0.00%+4,212+4.2%Added
Twinbeech Capital LP105,261$5.51M0.22%+68,207+184.1%Added
State Board of Administration of Florida Retirement System96,500$5.05M0.01%−1,431−1.5%Reduced
New York State Common Retirement Fund91,805$4.81M0.01%+600+0.7%Added
Worldquant Millennium Advisors LLC89,804$4.70M0.02%+45,750+103.8%Added
Dark Forest Capital Management LP87,765$4.59M0.17%+42,055+92.0%Added
Ninety One SA (PTY) Ltd87,790$4.56M0.21%+87,790New
Voleon Capital Management LP85,817$4.49M0.11%+73,648+605.2%Added
Rockefeller Capital Management L.P.78,239$4.10M0.01%+355+0.5%Added
Thornburg Investment Management Inc77,711$4.07M0.05%+45,847+143.9%Added
Keystone Investors Pte Ltd76,276$3.99M0.46%+76,276New
Universal- Beteiligungs- und Servicegesellschaft mbH76,194$3.99M0.01%−43,845−36.5%Reduced
Hudson Bay Capital Management LP74,281$3.89M0.02%+74,281New
Victory Capital Management Inc74,126$3.88M0.00%−56,959−43.5%Reduced
Osterweis Capital Management Inc71,341$3.73M0.17%+70,945+17,915.4%Added
Principal Financial Group Inc68,056$3.56M0.00%−32,768−32.5%Reduced
Jane Street Group, LLC67,801$3.55M0.00%+21,884+47.7%Added
Granite Investment Partners, LLC66,069$3.46M0.20%−19,719−23.0%Reduced
Qsemble Capital Management, LP63,272$3.31M0.32%+49,868+372.0%Added
Jones Financial Companies LLLP61,954$3.29M0.00%+16,031+34.9%Added
Kennedy Capital Management, Inc.62,724$3.28M0.07%−260−0.4%Reduced
Whittier Trust Co of Nevada Inc63,284$3.20M0.07%+1,864+3.0%Added
TRUE Private Wealth Advisors60,450$3.16M0.32%−863−1.4%Reduced
Kornitzer Capital Management Inc58,620$3.07M0.06%00.0%Unchanged
Capstone Investment Advisors, LLC58,056$3.04M0.03%+45,013+345.1%Added
Public Employees Retirement System of Ohio56,800$2.97M0.01%+730+1.3%Added
Treasurer of the State of North Carolina52,729$2.76M0.01%−1,288−2.4%Reduced
Police & Firemen's Retirement System of New Jersey51,553$2.70M0.02%+7,527+17.1%Added
Bailard, Inc.51,520$2.70M0.06%00.0%Unchanged
D.A. Davidson & Co.51,496$2.70M0.02%+1,069+2.1%Added
Janus Henderson Group PLC50,512$2.64M0.00%00.0%Unchanged
Aigen Investment Management, LP49,660$2.60M0.40%+9,401+23.4%Added
Taylor Frigon Capital Management LLC47,467$2.48M1.24%+14,243+42.9%Added
EFG Asset Management (North America) Corp.46,616$2.44M0.32%+536+1.2%Added
Healthcare of Ontario Pension Plan Trust Fund45,400$2.38M0.00%00.0%Unchanged
State of New Jersey Common Pension Fund D42,616$2.23M0.01%+1,686+4.1%Added
Dynamic Technology Lab Private Ltd42,107$2.20M0.37%+21,665+106.0%Added
Camelot Technology Advisors, Inc.42,031$2.20M1.77%+42,031New
IMS Capital Management41,828$2.19M1.01%−2,228−5.1%Reduced
Schonfeld Strategic Advisors LLC41,506$2.17M0.02%−1,410−3.3%Reduced
TD Asset Management Inc38,890$2.04M0.00%+638+1.7%Added
Diametric Capital, LP38,426$2.01M0.75%+27,166+241.3%Added
Oxford Asset Management LLP38,322$2.01M0.66%+27,544+255.6%Added
Mariner, LLC37,718$1.97M0.00%+9,098+31.8%Added
Brevan Howard Capital Management LP37,530$1.96M0.03%+37,530New
PDT Partners, LLC36,966$1.93M0.12%−46,740−55.8%Reduced
Bayesian Capital Management, LP35,800$1.87M0.38%+16,999+90.4%Added
Arizona State Retirement System35,680$1.87M0.01%+977+2.8%Added
Kestra Private Wealth Services, LLC33,081$1.73M0.02%+1,371+4.3%Added
Citigroup Inc31,100$1.63M0.00%−499−1.6%Reduced
Voya Investment Management LLC30,766$1.61M0.00%−19,478−38.8%Reduced
Manufacturers Life Insurance Company, The30,053$1.57M0.00%+1,094+3.8%Added
Oppenheimer Asset Management Inc.30,013$1.57M0.02%+30,013New
Handelsbanken Fonder AB29,400$1.54M0.00%00.0%Unchanged
Group One Trading, L.P.29,303$1.53M0.05%+29,303New
Janney Montgomery Scott LLC29,283$1.53M0.00%−7,706−20.8%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.28,660$1.50M0.00%+28,400+10,923.1%Added
Prelude Capital Management, LLC28,609$1.50M0.12%+20,442+250.3%Added
Federation des caisses Desjardins du Quebec28,352$1.48M0.01%+9,512+50.5%Added
Timelo Investment Management Inc.28,000$1.47M2.43%+28,000New
Independent Financial Group, LLC26,709$1.40M0.03%+6,819+34.3%Added
KLP Kapitalforvaltning AS25,200$1.32M0.01%+200+0.8%Added
Cambridge Investment Research Advisors, Inc.25,149$1.32M0.00%+2,991+13.5%Added
Platinum Investment Management Ltd25,000$1.31M0.08%+25,000New
Longaeva Partners L.P.25,000$1.31M0.28%+25,000New
AQR Capital Management LLC24,958$1.30M0.00%−332,167−93.0%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)24,549$1.28M0.00%+2,844+13.1%Added
Polianta Ltd24,300$1.27M0.52%+24,300New
Private Advisor Group, LLC23,080$1.21M0.01%+3,145+15.8%Added
IPG Investment Advisors LLC22,502$1.18M0.21%+22,502New
Virginia Retirement Systems Et Al22,100$1.16M0.01%+16,200+274.6%Added
Independent Advisor Alliance20,788$1.09M0.03%−14−0.1%Reduced
Wesbanco Bank Inc20,200$1.06M0.03%00.0%Unchanged
Cherry Creek Investment Advisors, Inc.20,171$1.06M0.46%−1,000−4.7%Reduced
Prudential Financial Inc20,050$1.05M0.00%+120+0.6%Added
Kestra Advisory Services, LLC20,018$1.05M0.00%−538−2.6%Reduced
Blueshift Asset Management, LLC19,491$1.02M0.31%−4,821−19.8%Reduced
Legacy Capital Group California, Inc.18,990$993.9K0.25%−193−1.0%Reduced
Holocene Advisors, LP18,930$990.8K0.00%−289,727−93.9%Reduced
Comerica Bank18,884$988.4K0.00%−4,351−18.7%Reduced
Oppenheimer & Co Inc18,625$974.8K0.01%+200+1.1%Added
Steward Partners Investment Advisory, LLC18,606$973.8K0.01%+1,492+8.7%Added
Los Angeles Capital Management LLC18,291$957.4K0.00%+18,291New
Orca Investment Management, LLC17,830$933.2K0.76%+27+0.2%Added