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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, Q4 2025

Institutional positions in Dutch Bros Inc. as of Dec 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
512
+70 vs. Q3 2025
Shares held
118.7M
+4.41M (+3.9%) vs. Q3 2025
Total value
$7.27B
+$1.29B (+21.6%) vs. Q3 2025
New holders
131
173 more added
Sold out
61
140 more reduced

8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 512 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 heldQ4 2025: $7.27B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Dutch Bros Inc.; share changes are against Q3 2025.

Institutions holding BROS in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Wealth Enhancement Advisory Services, LLC5,426$343.2K0.00%+5,426New
Twinbeech Capital LP5,680$347.7K0.02%−99,581−94.6%Reduced
Azzad Asset Management Inc5,707$349.4K0.03%00.0%Unchanged
Emerald Advisers, LLC5,727$350.6K0.01%−257−4.3%Reduced
Jaffetilchin Investment Partners, LLC5,781$353.9K0.02%+25+0.4%Added
Nations Financial Group Inc,5,911$361.9K0.02%+1,100+22.9%Added
Swiss Life Asset Management Ltd5,918$362.3K0.00%+375+6.8%Added
Havemeyer Place LP5,992$366.8K0.07%+5,992New
Equitable Holdings, Inc.6,074$371.9K0.00%+6,074New
Janney Capital Management LLC6,083$372.0K0.02%+808+15.3%Added
Utah Retirement Systems6,113$374.2K0.00%00.0%Unchanged
Oak Ridge Investments LLC6,178$378.2K0.02%−369−5.6%Reduced
Forum Financial Management, LP6,202$379.7K0.00%+4+0.1%Added
Sittner & Nelson, LLC6,665$380.2K0.13%−400−5.7%Reduced
Radnor Capital Management, LLC6,255$382.9K0.06%+70+1.1%Added
Taproot Management LP6,424$393.3K0.06%+6,424New
Sigma Planning Corp6,490$397.3K0.01%−730−10.1%Reduced
Maryland State Retirement & Pension System6,534$400.0K0.01%+1,300+24.8%Added
GWM Advisors LLC6,631$405.9K0.00%+6,581+13,162.0%Added
Toronto Dominion Bank6,644$406.7K0.00%−132−1.9%Reduced
Summit Trail Advisors, LLC6,847$419.2K0.01%+499+7.9%Added
Van Hulzen Asset Management, LLC6,960$426.1K0.03%00.0%Unchanged
Triton Wealth Management, PLLC7,994$426.3K0.16%−51−0.6%Reduced
Colony Group, LLC6,990$428.0K0.00%−7,192−50.7%Reduced
WoodTrust Financial Corp7,000$429.0K0.05%00.0%Unchanged
M&T Bank Corp7,176$439.2K0.00%+1,310+22.3%Added
Diligent Investors, LLC7,255$444.2K0.11%+821+12.8%Added
Richards, Merrill & Peterson, Inc.7,395$452.7K0.17%+50+0.7%Added
Nelson, Van Denburg & Campbell Wealth Management Group, LLC7,402$453.1K0.01%+7,402New
Ferguson Wellman Capital Management, Inc7,444$455.7K0.01%+54+0.7%Added
MetLife Investment Management7,574$463.7K0.00%+66+0.9%Added
ROI Financial Advisors, LLC7,601$465.3K0.27%+96+1.3%Added
Ocean Capital Management, LLC7,664$469.2K0.09%−25−0.3%Reduced
MML Investors Services, LLC7,758$475.0K0.00%+7,758New
Stephens Inc7,780$476.3K0.01%+2,690+52.8%Added
Chicago Partners Investment Group LLC7,884$480.7K0.01%+669+9.3%Added
Bullseye Asset Management LLC8,000$490.0K0.26%00.0%Unchanged
Maverick Capital LtdSuperinvestorMaverick Capital8,123$497.3K0.01%+8,123New
Counterpoint Mutual Funds LLC8,245$504.8K0.04%+2,488+43.2%Added
Prosperity Wealth Management, Inc.8,350$511.2K0.17%+1,800+27.5%Added
Prospera Financial Services Inc8,537$522.6K0.01%+515+6.4%Added
Hedges Asset Management LLC8,600$526.5K0.37%00.0%Unchanged
Mariner, LLC8,610$527.1K0.00%−29,108−77.2%Reduced
SRS Capital Advisors, Inc.8,660$530.2K0.02%+482+5.9%Added
Simplex Trading, LLC8,660$530.2K0.01%+8,660New
Keudell/Morrison Wealth Management8,959$548.5K0.12%+8,959New
Pinnacle Financial Partners, Inc.9,023$552.4K0.00%+9,023New
Bridgefront Capital, LLC9,262$567.0K0.14%+9,262New
Brookwood Investment Group LLC9,355$572.7K0.07%+5,146+122.3%Added
Wedbush Securities Inc9,517$583.0K0.02%+760+8.7%Added
OP Asset Management Ltd9,707$594.3K0.01%00.0%Unchanged
AlphaCore Capital LLC9,772$598.2K0.01%+1,523+18.5%Added
Vestmark Advisory Solutions, Inc.9,806$600.3K0.01%+9,806New
Farther Finance Advisors, LLC10,116$619.3K0.01%+2,047+25.4%Added
Level Four Advisory Services, LLC10,140$620.8K0.02%+1,555+18.1%Added
Kestra Advisory Services, LLC10,191$623.9K0.00%−9,827−49.1%Reduced
Catalyst Funds Management Pty Ltd10,270$628.7K0.15%00.0%Unchanged
Yorktown Management & Research Co Inc10,300$630.6K0.50%00.0%Unchanged
Amalgamated Bank10,630$651.0K0.00%+1,201+12.7%Added
Quantitative Investment Management, LLC10,774$659.0K0.06%+10,774New
Parallel Advisors, LLC10,833$663.2K0.01%+4,089+60.6%Added
AQR Capital Management LLC11,181$684.5K0.00%−13,777−55.2%Reduced
Camelot Portfolios, LLC11,400$697.9K0.43%−300−2.6%Reduced
Bank of Montreal11,438$700.2K0.00%−93,893−89.1%Reduced
Jane Street Group, LLC11,445$700.7K0.00%−56,356−83.1%Reduced
CWC Advisors, LLC.11,519$705.2K0.34%−11−0.1%Reduced
Public Employees Retirement Association of Colorado11,574$709.0K0.00%00.0%Unchanged
Winton Group Ltd11,620$711.4K0.02%+11,620New
Insight Wealth Partners, LLC11,657$713.6K0.30%+11,657New
Dockside LLC11,690$715.7K0.18%+11,690New
Scratch Capital LLC11,861$726.1K0.48%00.0%Unchanged
Stratos Wealth Partners, LTD.11,870$726.7K0.01%+1,192+11.2%Added
Virginia Retirement Systems Et Al11,950$731.6K0.00%−10,150−45.9%Reduced
Federation des caisses Desjardins du Quebec11,979$733.3K0.00%−16,373−57.7%Reduced
Total Clarity Wealth Management, Inc.12,079$739.5K0.18%−530−4.2%Reduced
Cannon Global Investment Management, LLC12,200$746.9K1.98%−2,500−17.0%Reduced
Verus Capital Partners, LLC13,132$803.9K0.05%−369−2.7%Reduced
Harbor Capital Advisors, Inc.13,141$804.0K0.06%+13,141New
Quantbot Technologies LP13,770$843.0K0.03%+3,132+29.4%Added
Commerce Bank13,803$845.0K0.00%+13,803New
Truist Financial Corp14,096$863.0K0.00%+25+0.2%Added
TCG Advisory Services, LLC14,446$884.4K0.02%−1,311−8.3%Reduced
Concentric Capital Strategies, LP14,531$889.6K0.05%+14,531New
Graham Capital Management, L.P.14,884$911.2K0.03%+2,165+17.0%Added
Paloma Partners Management Co15,000$918.3K0.32%+15,000New
Becker Capital Management Inc15,351$939.8K0.03%+4,000+35.2%Added
The PNC Financial Services Group, Inc.15,366$940.7K0.00%+6,297+69.4%Added
Pinpoint Asset Management (Singapore) Pte. Ltd.15,716$962.1K0.20%+6,806+76.4%Added
HighTower Advisors, LLC15,971$977.7K0.00%−558−3.4%Reduced
Los Angeles Capital Management LLC17,691$982.4K0.00%−600−3.3%Reduced
Prelude Capital Management, LLC16,300$997.9K0.07%−12,309−43.0%Reduced
One Day In July LLC16,624$1.02M0.08%+3,440+26.1%Added
Blueshift Asset Management, LLC17,189$1.05M0.30%−2,302−11.8%Reduced
Baldwin Investment Management, LLC17,535$1.07M0.12%+10,715+157.1%Added
Orca Investment Management, LLC17,750$1.09M0.86%−80−0.4%Reduced
Xponance, Inc.17,797$1.09M0.01%+782+4.6%Added
Voleon Capital Management LP17,809$1.09M0.02%−68,008−79.2%Reduced
Twin Capital Management Inc17,830$1.09M0.14%+17,830New
Group One Trading, L.P.17,932$1.10M0.03%−11,371−38.8%Reduced
Legato Capital Management LLC18,080$1.11M0.10%+18,080New