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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
Pictet Asset Management Holding SA18,209$1.11M0.00%+1,609+9.7%Added
Walleye Capital LLC18,436$1.13M0.01%+2,829+18.1%Added
Shay Capital LLC18,450$1.13M0.18%+18,450New
XTX Topco Ltd18,846$1.15M0.03%+5,451+40.7%Added
1492 Capital Management LLC19,476$1.19M0.46%+19,476New
Inspire Advisors, LLC19,569$1.20M0.11%+6,870+54.1%Added
Independent Advisor Alliance19,972$1.22M0.03%−816−3.9%Reduced
Cherry Creek Investment Advisors, Inc.20,205$1.24M0.53%+34+0.2%Added
Carlson Financial, Inc.20,736$1.27M0.74%+20,736New
Quantinno Capital Management LP21,163$1.30M0.00%+14,264+206.8%Added
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna21,322$1.31M0.49%+3,532+19.9%Added
Fox Run Management, L.L.C.21,754$1.33M0.21%+11,944+121.8%Added
Steward Partners Investment Advisory, LLC22,260$1.36M0.01%+3,654+19.6%Added
Two Sigma Investments, LP22,632$1.39M0.00%−488,531−95.6%Reduced
Rubicon Advisors, GP23,064$1.41M1.31%+23,064New
Calamos Advisors LLC23,598$1.44M0.01%+23,598New
Cinctive Capital Management LP23,889$1.46M0.08%+23,889New
Intercapital, LLC23,945$1.47M0.77%+23,945New
Independent Financial Group, LLC24,017$1.47M0.03%−2,692−10.1%Reduced
Oppenheimer & Co Inc24,125$1.48M0.02%+5,500+29.5%Added
Virtu Financial LLC24,519$1.50M0.06%+9,404+62.2%Added
Private Advisor Group, LLC24,675$1.51M0.01%+1,595+6.9%Added
US Bancorp25,741$1.58M0.00%+8,135+46.2%Added
Zurcher Kantonalbank (Zurich Cantonalbank)25,763$1.58M0.00%+1,214+4.9%Added
KLP Kapitalforvaltning AS27,100$1.66M0.01%+1,900+7.5%Added
Creative Planning27,106$1.66M0.00%+10,115+59.5%Added
Citigroup Inc27,550$1.69M0.00%−3,550−11.4%Reduced
Johnson Investment Counsel Inc28,304$1.73M0.01%+28,304New
Comerica Bank28,463$1.74M0.01%+9,579+50.7%Added
RPG Investment Advisory, LLC28,770$1.76M0.20%+13,620+89.9%Added
Man Group plc28,787$1.76M0.00%−305,056−91.4%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.28,660$1.78M0.00%00.0%Unchanged
Oppenheimer Asset Management Inc.29,313$1.79M0.02%−700−2.3%Reduced
Kestra Private Wealth Services, LLC30,520$1.87M0.02%−2,561−7.7%Reduced
SummitTX Capital, L.P.30,933$1.89M0.06%+30,933New
Cambridge Investment Research Advisors, Inc.31,221$1.91M0.01%+6,072+24.1%Added
Manufacturers Life Insurance Company, The31,345$1.92M0.00%+1,292+4.3%Added
Handelsbanken Fonder AB32,300$1.98M0.01%+2,900+9.9%Added
TD Asset Management Inc34,600$2.12M0.00%−4,290−11.0%Reduced
Arizona State Retirement System34,902$2.14M0.01%−778−2.2%Reduced
Ninety One North America, Inc.35,423$2.17M0.09%+35,423New
Longaeva Partners L.P.36,884$2.26M0.27%+11,884+47.5%Added
Janney Montgomery Scott LLC37,036$2.27M0.01%+7,753+26.5%Added
Polar Asset Management Partners Inc.37,400$2.29M0.05%+37,400New
Platinum Investment Management Ltd37,500$2.30M0.53%+12,500+50.0%Added
Darwins River Capital, LP38,601$2.36M1.59%+38,601New
IMC-Chicago, LLC40,258$2.46M0.04%−104,807−72.2%Reduced
Range Rock Capital, LLC40,509$2.48M0.86%+40,509New
Barclays PLC41,522$2.54M0.00%−171,068−80.5%Reduced
Camelot Technology Advisors, Inc.42,031$2.57M1.94%00.0%Unchanged
Gotham Asset Management, LLC43,462$2.66M0.01%+28,294+186.5%Added
State of New Jersey Common Pension Fund D44,250$2.71M0.01%+1,634+3.8%Added
Qsemble Capital Management, LP44,618$2.73M0.23%−18,654−29.5%Reduced
Timelo Investment Management Inc.45,000$2.75M2.92%+17,000+60.7%Added
Commonwealth Equity Services, LLC45,444$2.78M0.00%−93,919−67.4%Reduced
Taylor Frigon Capital Management LLC46,526$2.85M1.44%−941−2.0%Reduced
Aquatic Capital Management LLC47,405$2.90M0.08%−107,484−69.4%Reduced
Treasurer of the State of North Carolina49,135$3.01M0.01%−3,594−6.8%Reduced
Police & Firemen's Retirement System of New Jersey50,541$3.09M0.03%−1,012−2.0%Reduced
First Trust Advisors LP51,029$3.12M0.00%−131,853−72.1%Reduced
Bailard, Inc.51,520$3.15M0.07%00.0%Unchanged
Diametric Capital, LP53,167$3.25M0.87%+14,741+38.4%Added
Janus Henderson Group PLC54,278$3.32M0.00%+3,766+7.5%Added
Moran Wealth Management, LLC54,429$3.33M0.10%+54,429New
Anderson Hoagland & Co55,065$3.37M0.29%+55,065New
D.A. Davidson & Co.56,830$3.48M0.02%+5,334+10.4%Added
Watershed Asset Management, L.L.C.57,200$3.50M3.27%+57,200New
PensionDanmark Pensionsforsikringsaktieselskab57,563$3.52M0.03%+57,563New
Kornitzer Capital Management Inc59,590$3.65M0.08%+970+1.7%Added
TRUE Private Wealth Advisors60,154$3.68M0.37%−296−0.5%Reduced
Tudor Investment Corp Et Al62,687$3.84M0.02%+62,687New
Capstone Investment Advisors, LLC62,825$3.85M0.03%+4,769+8.2%Added
Kennedy Capital Management, Inc.63,053$3.86M0.08%+329+0.5%Added
Lisanti Capital Growth, LLC65,840$4.03M0.95%+65,840New
National Asset Management, Inc.73,498$4.50M0.21%+73,498New
Public Employees Retirement System of Ohio73,739$4.51M0.01%+16,939+29.8%Added
Jones Financial Companies LLLP76,209$4.67M0.00%+14,255+23.0%Added
Panagora Asset Management Inc76,223$4.67M0.02%+76,223New
Wiley Bros.-Aintree Capital, LLC76,313$4.67M0.02%+70,331+1,175.7%Added
EFG International AG76,465$4.68M0.09%+76,465New
Rockefeller Capital Management L.P.79,677$4.88M0.01%+1,438+1.8%Added
Allianz Asset Management GmbH79,777$4.88M0.01%+79,777New
Jump Financial, LLC81,658$5.00M0.06%−372,453−82.0%Reduced
Lighthouse Investment Partners, LLC85,349$5.23M0.17%+85,349New
Thornburg Investment Management Inc85,792$5.25M0.07%+8,081+10.4%Added
Universal- Beteiligungs- und Servicegesellschaft mbH86,172$5.28M0.01%+9,978+13.1%Added
Citizens Business Bank86,332$5.29M0.87%+86,332New
Ninety One SA (PTY) Ltd87,790$5.37M0.23%00.0%Unchanged
Worldquant Millennium Advisors LLC96,007$5.88M0.02%+6,203+6.9%Added
State Board of Administration of Florida Retirement System96,500$5.91M0.01%00.0%Unchanged
Pembroke Management, LTD96,537$5.91M0.61%+96,537New
Envestnet Asset Management Inc96,961$5.94M0.00%−12,569−11.5%Reduced
Advisor Group Holdings, Inc.97,080$5.94M0.01%−5,295−5.2%Reduced
New York State Common Retirement Fund100,773$6.17M0.01%+8,968+9.8%Added
Walleye Trading LLC105,667$6.47M0.10%+94,370+835.4%Added
Whittier Trust Co of Nevada Inc105,517$6.68M0.14%+42,233+66.7%Added
Savoir Faire Capital Management, L.P.116,812$7.15M3.39%+4,029+3.6%Added
Silvercrest Asset Management Group LLC121,212$7.42M0.05%+179+0.1%Added
California State Teachers Retirement System123,332$7.55M0.01%+9,354+8.2%Added
Granite Investment Partners, LLC123,382$7.55M0.45%+57,313+86.7%Added