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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
TSG Consumer Partners LP2,279,846$139.6M100.00%00.0%Unchanged
Balyasny Asset Management LLC2,481,132$151.9M0.28%+663,931+36.5%Added
Ninety One UK Ltd2,625,483$160.7M0.34%+39,781+1.5%Added
Millennium Management LLC2,823,384$172.8M0.12%+799,288+39.5%Added
Price T Rowe Associates Inc2,824,546$172.9M0.02%−625,891−18.1%Reduced
Squarepoint Ops LLC2,863,197$175.3M0.35%+1,214,091+73.6%Added
UBS Group AG2,995,317$183.4M0.04%+747,626+33.3%Added
Marshall Wace, LLP3,098,288$189.7M0.18%+407,528+15.1%Added
Baillie Gifford & Co3,230,676$197.8M0.16%−266,391−7.6%Reduced
FMR LLC7,212,382$441.5M0.02%−75,556−1.0%Reduced
BlackRock, Inc.7,310,797$447.6M0.01%+314,763+4.5%Added
Vanguard Group Inc11,090,575$679.0M0.01%−150,777−1.3%Reduced
Macquarie Group Ltd0$00.00%−1,034,472−100.0%Sold out
Renaissance Technologies LLC0$00.00%−506,100−100.0%Sold out
State of Michigan Retirement System0$00.00%−180,000−100.0%Sold out
Magnetar Financial LLC0$00.00%−140,590−100.0%Sold out
ExodusPoint Capital Management, LP0$00.00%−138,176−100.0%Sold out
HSBC Holdings PLC0$00.00%−138,802−100.0%Sold out
VestGen Advisors, LLC0$00.00%−128,434−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−114,600−100.0%Sold out
Y-Intercept (Hong Kong) Ltd0$00.00%−108,170−100.0%Sold out
Principal Financial Group Inc0$00.00%−68,056−100.0%Sold out
Aigen Investment Management, LP0$00.00%−49,660−100.0%Sold out
Healthcare of Ontario Pension Plan Trust Fund0$00.00%−45,400−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−42,107−100.0%Sold out
Oxford Asset Management LLP0$00.00%−38,322−100.0%Sold out
Brevan Howard Capital Management LP0$00.00%−37,530−100.0%Sold out
PDT Partners, LLC0$00.00%−36,966−100.0%Sold out
Bayesian Capital Management, LP0$00.00%−35,800−100.0%Sold out
Polianta Ltd0$00.00%−24,300−100.0%Sold out
IPG Investment Advisors LLC0$00.00%−22,502−100.0%Sold out
Wesbanco Bank Inc0$00.00%−20,200−100.0%Sold out
Legacy Capital Group California, Inc.0$00.00%−18,990−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−17,180−100.0%Sold out
Sciencast Management LP0$00.00%−16,499−100.0%Sold out
Natixis Advisors, L.P.0$00.00%−16,172−100.0%Sold out
Polymer Capital Management (US) LLC0$00.00%−15,239−100.0%Sold out
Scientech Research LLC0$00.00%−15,219−100.0%Sold out
Picton Mahoney Asset Management0$00.00%−14,611−100.0%Sold out
111 Capital0$00.00%−14,535−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−13,683−100.0%Sold out
Encompass More Asset Management0$00.00%−13,107−100.0%Sold out
Atom Investors LP0$00.00%−12,632−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−11,489−100.0%Sold out
Joule Financial, LLC0$00.00%−10,671−100.0%Sold out
Armistice Capital, LLC0$00.00%−6,877−100.0%Sold out
Morris Retirement Advisors, LLC0$00.00%−6,738−100.0%Sold out
Integrated Wealth Concepts LLC0$00.00%−6,725−100.0%Sold out
Verdence Capital Advisors LLC0$00.00%−4,732−100.0%Sold out
StoneX Group Inc.0$00.00%−5,064−100.0%Sold out
Oak Thistle LLC0$00.00%−4,380−100.0%Sold out
Allied Investment Advisors, LLC0$00.00%−4,257−100.0%Sold out
Avondale Wealth Management0$00.00%−4,250−100.0%Sold out
Caitong International Asset Management Co., Ltd0$00.00%−1,427−100.0%Sold out
Advisory Services Network, LLC0$00.00%−1,194−100.0%Sold out
Asset Management One Co.,Ltd.0$00.00%−1,166−100.0%Sold out
Principal Securities, Inc.0$00.00%−579−100.0%Sold out
Wealthspire Advisors, LLC0$00.00%−369−100.0%Sold out
Ci Investments Inc.0$00.00%−309−100.0%Sold out
Matrix Trust Co0$00.00%−189−100.0%Sold out
MRP Capital Investments, LLC0$00.00%−100−100.0%Sold out
Northwest Capital Management Inc0$00.00%−100−100.0%Sold out
Coston, McIsaac & Partners0$00.00%−90−100.0%Sold out
TD Waterhouse Canada Inc.0$00.00%−45−100.0%Sold out
Mather Group, LLC.0$00.00%−43−100.0%Sold out
Stephens Consulting, LLC0$00.00%−30−100.0%Sold out
Berkshire Capital Holdings Inc0$00.00%−10−100.0%Sold out
Activest Wealth Management0$00.00%−10−100.0%Sold out
REAP Financial Group, LLC0$00.00%−5−100.0%Sold out
Tortoise Investment Management, LLC0$00.00%−2−100.0%Sold out
True Wealth Design, LLC0$00.00%−1−100.0%Sold out
Essential Partners LLC0$00.00%−1−100.0%Sold out
Cloud Capital Management, LLC0$00.00%−9−100.0%Sold out
EFG Asset Management (North America) Corp.––––Not filed
IMS Capital Management––––Not filed
Clare Market Investments LLC––––Not filed
Wolverine Trading, LLC––––Not filed
Bryce Point Capital, LLC––––Not filed
Watts Gwilliam & Co., LLC––––Not filed
Hemington Wealth Management––––Not filed
West Oak Capital, LLC––––Not filed