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Livermore
ZHEN

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.

Q4 2025 vs. Q3 2025

How the institutions holding Dutch Bros Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025All holders in Q3 2025

13F holders of BROS: Q3 2025 compared with Q4 2025
MeasureQ3 2025Of which not filed for Q4 2025Q4 2025Change
Holders4508512+70
Shares114.4M135.7K118.7M+4.41M (+3.9%)
Value$5.98B$7.10M$7.27B+$1.29B (+21.6%)

8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (131)

Institutions that held Dutch Bros Inc. at the end of Q4 2025 but not at the end of Q3 2025.

Showing the largest 100 of 131 by value.

Institutions new to BROS in Q4 2025
InstitutionSharesValue% of portfolio
Alyeska Investment Group, L.P.1,860,182$113.9M0.32%
Westfield Capital Management Co LP1,779,616$108.9M0.45%
Norges Bank1,583,649$97.0M0.01%
Point72 Asset Management, L.P.1,171,770$71.7M0.11%
Nomura Asset Management International Inc.982,259$60.1M0.09%
Interval Partners, LP935,574$57.3M1.34%
Shellback Capital, LP359,000$22.0M2.10%
Waratah Capital Advisors Ltd.262,741$16.1M1.22%
Synergy Financial Management, LLC223,067$13.7M1.42%
LMR Partners LLP152,000$9.31M0.09%
Landscape Capital Management, L.L.C.142,688$8.74M0.59%
Cullen/Frost Bankers, Inc.135,180$8.28M0.09%
Benchstone Capital Management LP134,584$8.24M0.93%
Pembroke Management, LTD96,537$5.91M0.61%
Citizens Business Bank86,332$5.29M0.87%
Lighthouse Investment Partners, LLC85,349$5.23M0.17%
Allianz Asset Management GmbH79,777$4.88M0.01%
EFG International AG76,465$4.68M0.09%
Panagora Asset Management Inc76,223$4.67M0.02%
National Asset Management, Inc.73,498$4.50M0.21%
Lisanti Capital Growth, LLC65,840$4.03M0.95%
Tudor Investment Corp Et Al62,687$3.84M0.02%
PensionDanmark Pensionsforsikringsaktieselskab57,563$3.52M0.03%
Watershed Asset Management, L.L.C.57,200$3.50M3.27%
Anderson Hoagland & Co55,065$3.37M0.29%
Moran Wealth Management, LLC54,429$3.33M0.10%
Range Rock Capital, LLC40,509$2.48M0.86%
Darwins River Capital, LP38,601$2.36M1.59%
Polar Asset Management Partners Inc.37,400$2.29M0.05%
Ninety One North America, Inc.35,423$2.17M0.09%
SummitTX Capital, L.P.30,933$1.89M0.06%
Johnson Investment Counsel Inc28,304$1.73M0.01%
Intercapital, LLC23,945$1.47M0.77%
Cinctive Capital Management LP23,889$1.46M0.08%
Calamos Advisors LLC23,598$1.44M0.01%
Rubicon Advisors, GP23,064$1.41M1.31%
Carlson Financial, Inc.20,736$1.27M0.74%
1492 Capital Management LLC19,476$1.19M0.46%
Shay Capital LLC18,450$1.13M0.18%
Legato Capital Management LLC18,080$1.11M0.10%
Twin Capital Management Inc17,830$1.09M0.14%
Paloma Partners Management Co15,000$918.3K0.32%
Concentric Capital Strategies, LP14,531$889.6K0.05%
Commerce Bank13,803$845.0K0.00%
Harbor Capital Advisors, Inc.13,141$804.0K0.06%
Dockside LLC11,690$715.7K0.18%
Insight Wealth Partners, LLC11,657$713.6K0.30%
Winton Group Ltd11,620$711.4K0.02%
Quantitative Investment Management, LLC10,774$659.0K0.06%
Vestmark Advisory Solutions, Inc.9,806$600.3K0.01%
Bridgefront Capital, LLC9,262$567.0K0.14%
Pinnacle Financial Partners, Inc.9,023$552.4K0.00%
Keudell/Morrison Wealth Management8,959$548.5K0.12%
Simplex Trading, LLC8,660$530.2K0.01%
Maverick Capital LtdSuperinvestorMaverick Capital8,123$497.3K0.01%
MML Investors Services, LLC7,758$475.0K0.00%
Nelson, Van Denburg & Campbell Wealth Management Group, LLC7,402$453.1K0.01%
Taproot Management LP6,424$393.3K0.06%
Equitable Holdings, Inc.6,074$371.9K0.00%
Havemeyer Place LP5,992$366.8K0.07%
Wealth Enhancement Advisory Services, LLC5,426$343.2K0.00%
MSH Capital Advisors LLC5,542$339.3K0.07%
JustInvest LLC5,013$306.9K0.00%
Bridgewater Associates, LP4,923$301.4K0.00%
Evergreen Wealth Partners LLC4,704$288.0K0.24%
Mercer Global Advisors Inc6,488$281.6K0.00%
Bridges Investment Management Inc4,576$280.1K0.00%
Mirabella Financial Services LLP4,472$273.8K0.03%
Gladstone Institutional Advisory LLC4,280$262.0K0.01%
Sequoia Financial Advisors, LLC4,126$252.6K0.00%
North Dakota State Investment Board4,115$251.9K0.01%
Prime Capital Investment Advisors, LLC4,073$249.3K0.00%
Mengis Capital Management, Inc.4,030$246.7K0.04%
Trust Point Inc.3,915$239.7K0.02%
CIBC Asset Management Inc3,912$239.5K0.00%
J.W. Cole Advisors, Inc.3,977$231.2K0.01%
Alpine Global Management, LLC3,593$220.0K0.05%
Vontobel Holding Ltd.3,531$216.2K0.00%
Wedmont Private Capital3,395$214.6K0.01%
NorthRock Partners, LLC3,480$213.0K0.00%
Clear Creek Financial Management, LLC3,446$211.0K0.02%
Urban Wealth Management, LLC3,385$207.2K0.19%
Everence Capital Management Inc3,370$206.0K0.01%
Coldstream Capital Management Inc3,360$205.7K0.00%
CAPROCK Group, Inc.3,312$202.8K0.00%
Tempo Wealth, LLC3,312$202.8K0.04%
Alphadyne Asset Management LP1,693$103.6K0.01%
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,659$102.0K0.00%
Glen Eagle Advisors, LLC1,205$73.8K0.01%
Benson Wealth Management INC552$33.8K0.04%
Brown, Lisle/Cummings, Inc.500$30.6K0.01%
Ankerstar Wealth, LLC500$30.6K0.03%
City Holding Co400$24.5K0.00%
Ancora Advisors, LLC400$24.5K0.00%
Vision Retirement, LLC400$24.5K0.01%
Bayban325$19.9K0.02%
Salomon & Ludwin, LLC223$13.4K0.00%
Chesapeake Asset Management LLC163$9.98K0.01%
Meramec Financial Planners, LLC154$8.79K0.00%
SageView Advisory Group, LLC105$6.43K0.00%

Sold out (61)

Institutions that held Dutch Bros Inc. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of BROS in Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
Macquarie Group Ltd1,034,472$54.1M
Renaissance Technologies LLC506,100$26.5M
State of Michigan Retirement System180,000$9.42M
Magnetar Financial LLC140,590$7.36M
ExodusPoint Capital Management, LP138,176$7.23M
HSBC Holdings PLC138,802$7.23M
VestGen Advisors, LLC128,434$6.72M
Two Sigma Advisers, LP114,600$6.00M
Y-Intercept (Hong Kong) Ltd108,170$5.66M
Principal Financial Group Inc68,056$3.56M
Aigen Investment Management, LP49,660$2.60M
Healthcare of Ontario Pension Plan Trust Fund45,400$2.38M
Dynamic Technology Lab Private Ltd42,107$2.20M
Oxford Asset Management LLP38,322$2.01M
Brevan Howard Capital Management LP37,530$1.96M
PDT Partners, LLC36,966$1.93M
Bayesian Capital Management, LP35,800$1.87M
Polianta Ltd24,300$1.27M
IPG Investment Advisors LLC22,502$1.18M
Wesbanco Bank Inc20,200$1.06M
Legacy Capital Group California, Inc.18,990$993.9K
Sherbrooke Park Advisers LLC17,180$899.2K
Sciencast Management LP16,499$863.6K
Natixis Advisors, L.P.16,172$846.0K
Polymer Capital Management (US) LLC15,239$797.6K
Scientech Research LLC15,219$796.6K
Picton Mahoney Asset Management14,611$764.0K
111 Capital14,535$760.8K
Boothbay Fund Management, LLC13,683$716.2K
Encompass More Asset Management13,107$686.0K
Atom Investors LP12,632$661.2K
Gsa Capital Partners LLP11,489$601.0K
Joule Financial, LLC10,671$558.5K
Armistice Capital, LLC6,877$359.9K
Morris Retirement Advisors, LLC6,738$352.7K
Integrated Wealth Concepts LLC6,725$352.0K
Verdence Capital Advisors LLC4,732$283.3K
StoneX Group Inc.5,064$265.1K
Oak Thistle LLC4,380$229.2K
Allied Investment Advisors, LLC4,257$222.8K
Avondale Wealth Management4,250$222.4K
Caitong International Asset Management Co., Ltd1,427$74.7K
Advisory Services Network, LLC1,194$62.5K
Asset Management One Co.,Ltd.1,166$61.0K
Principal Securities, Inc.579$30.3K
Wealthspire Advisors, LLC369$19.3K
Ci Investments Inc.309$16.0K
Matrix Trust Co189$10.0K
MRP Capital Investments, LLC100$6.84K
Northwest Capital Management Inc100$5.23K
Coston, McIsaac & Partners90$4.00K
TD Waterhouse Canada Inc.45$2.32K
Mather Group, LLC.43$2.25K
Stephens Consulting, LLC30$1.57K
Berkshire Capital Holdings Inc10$523
Activest Wealth Management10$523
REAP Financial Group, LLC5$262
Tortoise Investment Management, LLC2$105
True Wealth Design, LLC1$53
Essential Partners LLC1$52
Cloud Capital Management, LLC9$0

Not filed for Q4 2025 yet (8)

Institutions that held Dutch Bros Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding BROS in Q3 2025 that haven't filed for Q4 2025
InstitutionShares, Q3 2025Value, Q3 2025
EFG Asset Management (North America) Corp.46,616$2.44M
IMS Capital Management41,828$2.19M
Clare Market Investments LLC15,342$803.0K
Wolverine Trading, LLC14,933$785.0K
Bryce Point Capital, LLC11,614$607.9K
Watts Gwilliam & Co., LLC5,281$276.4K
Hemington Wealth Management63$3.00K
West Oak Capital, LLC1$100