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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
Fox Run Management, L.L.C.21,754$1.33M0.21%+11,944+121.8%Added
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna21,322$1.31M0.49%+3,532+19.9%Added
Quantinno Capital Management LP21,163$1.30M0.00%+14,264+206.8%Added
Carlson Financial, Inc.20,736$1.27M0.74%+20,736New
Cherry Creek Investment Advisors, Inc.20,205$1.24M0.53%+34+0.2%Added
Independent Advisor Alliance19,972$1.22M0.03%−816−3.9%Reduced
Inspire Advisors, LLC19,569$1.20M0.11%+6,870+54.1%Added
1492 Capital Management LLC19,476$1.19M0.46%+19,476New
XTX Topco Ltd18,846$1.15M0.03%+5,451+40.7%Added
Shay Capital LLC18,450$1.13M0.18%+18,450New
Walleye Capital LLC18,436$1.13M0.01%+2,829+18.1%Added
Pictet Asset Management Holding SA18,209$1.11M0.00%+1,609+9.7%Added
Legato Capital Management LLC18,080$1.11M0.10%+18,080New
Group One Trading, L.P.17,932$1.10M0.03%−11,371−38.8%Reduced
Twin Capital Management Inc17,830$1.09M0.14%+17,830New
Voleon Capital Management LP17,809$1.09M0.02%−68,008−79.2%Reduced
Xponance, Inc.17,797$1.09M0.01%+782+4.6%Added
Orca Investment Management, LLC17,750$1.09M0.86%−80−0.4%Reduced
Baldwin Investment Management, LLC17,535$1.07M0.12%+10,715+157.1%Added
Blueshift Asset Management, LLC17,189$1.05M0.30%−2,302−11.8%Reduced
One Day In July LLC16,624$1.02M0.08%+3,440+26.1%Added
Prelude Capital Management, LLC16,300$997.9K0.07%−12,309−43.0%Reduced
Los Angeles Capital Management LLC17,691$982.4K0.00%−600−3.3%Reduced
HighTower Advisors, LLC15,971$977.7K0.00%−558−3.4%Reduced
Pinpoint Asset Management (Singapore) Pte. Ltd.15,716$962.1K0.20%+6,806+76.4%Added
The PNC Financial Services Group, Inc.15,366$940.7K0.00%+6,297+69.4%Added
Becker Capital Management Inc15,351$939.8K0.03%+4,000+35.2%Added
Paloma Partners Management Co15,000$918.3K0.32%+15,000New
Graham Capital Management, L.P.14,884$911.2K0.03%+2,165+17.0%Added
Concentric Capital Strategies, LP14,531$889.6K0.05%+14,531New
TCG Advisory Services, LLC14,446$884.4K0.02%−1,311−8.3%Reduced
Truist Financial Corp14,096$863.0K0.00%+25+0.2%Added
Commerce Bank13,803$845.0K0.00%+13,803New
Quantbot Technologies LP13,770$843.0K0.03%+3,132+29.4%Added
Harbor Capital Advisors, Inc.13,141$804.0K0.06%+13,141New
Verus Capital Partners, LLC13,132$803.9K0.05%−369−2.7%Reduced
Cannon Global Investment Management, LLC12,200$746.9K1.98%−2,500−17.0%Reduced
Total Clarity Wealth Management, Inc.12,079$739.5K0.18%−530−4.2%Reduced
Federation des caisses Desjardins du Quebec11,979$733.3K0.00%−16,373−57.7%Reduced
Virginia Retirement Systems Et Al11,950$731.6K0.00%−10,150−45.9%Reduced
Stratos Wealth Partners, LTD.11,870$726.7K0.01%+1,192+11.2%Added
Scratch Capital LLC11,861$726.1K0.48%00.0%Unchanged
Dockside LLC11,690$715.7K0.18%+11,690New
Insight Wealth Partners, LLC11,657$713.6K0.30%+11,657New
Winton Group Ltd11,620$711.4K0.02%+11,620New
Public Employees Retirement Association of Colorado11,574$709.0K0.00%00.0%Unchanged
CWC Advisors, LLC.11,519$705.2K0.34%−11−0.1%Reduced
Jane Street Group, LLC11,445$700.7K0.00%−56,356−83.1%Reduced
Bank of Montreal11,438$700.2K0.00%−93,893−89.1%Reduced
Camelot Portfolios, LLC11,400$697.9K0.43%−300−2.6%Reduced
AQR Capital Management LLC11,181$684.5K0.00%−13,777−55.2%Reduced
Parallel Advisors, LLC10,833$663.2K0.01%+4,089+60.6%Added
Quantitative Investment Management, LLC10,774$659.0K0.06%+10,774New
Amalgamated Bank10,630$651.0K0.00%+1,201+12.7%Added
Yorktown Management & Research Co Inc10,300$630.6K0.50%00.0%Unchanged
Catalyst Funds Management Pty Ltd10,270$628.7K0.15%00.0%Unchanged
Kestra Advisory Services, LLC10,191$623.9K0.00%−9,827−49.1%Reduced
Level Four Advisory Services, LLC10,140$620.8K0.02%+1,555+18.1%Added
Farther Finance Advisors, LLC10,116$619.3K0.01%+2,047+25.4%Added
Vestmark Advisory Solutions, Inc.9,806$600.3K0.01%+9,806New
AlphaCore Capital LLC9,772$598.2K0.01%+1,523+18.5%Added
OP Asset Management Ltd9,707$594.3K0.01%00.0%Unchanged
Wedbush Securities Inc9,517$583.0K0.02%+760+8.7%Added
Brookwood Investment Group LLC9,355$572.7K0.07%+5,146+122.3%Added
Bridgefront Capital, LLC9,262$567.0K0.14%+9,262New
Pinnacle Financial Partners, Inc.9,023$552.4K0.00%+9,023New
Keudell/Morrison Wealth Management8,959$548.5K0.12%+8,959New
Simplex Trading, LLC8,660$530.2K0.01%+8,660New
SRS Capital Advisors, Inc.8,660$530.2K0.02%+482+5.9%Added
Mariner, LLC8,610$527.1K0.00%−29,108−77.2%Reduced
Hedges Asset Management LLC8,600$526.5K0.37%00.0%Unchanged
Prospera Financial Services Inc8,537$522.6K0.01%+515+6.4%Added
Prosperity Wealth Management, Inc.8,350$511.2K0.17%+1,800+27.5%Added
Counterpoint Mutual Funds LLC8,245$504.8K0.04%+2,488+43.2%Added
Maverick Capital LtdSuperinvestorMaverick Capital8,123$497.3K0.01%+8,123New
Bullseye Asset Management LLC8,000$490.0K0.26%00.0%Unchanged
Chicago Partners Investment Group LLC7,884$480.7K0.01%+669+9.3%Added
Stephens Inc7,780$476.3K0.01%+2,690+52.8%Added
MML Investors Services, LLC7,758$475.0K0.00%+7,758New
Ocean Capital Management, LLC7,664$469.2K0.09%−25−0.3%Reduced
ROI Financial Advisors, LLC7,601$465.3K0.27%+96+1.3%Added
MetLife Investment Management7,574$463.7K0.00%+66+0.9%Added
Ferguson Wellman Capital Management, Inc7,444$455.7K0.01%+54+0.7%Added
Nelson, Van Denburg & Campbell Wealth Management Group, LLC7,402$453.1K0.01%+7,402New
Richards, Merrill & Peterson, Inc.7,395$452.7K0.17%+50+0.7%Added
Diligent Investors, LLC7,255$444.2K0.11%+821+12.8%Added
M&T Bank Corp7,176$439.2K0.00%+1,310+22.3%Added
WoodTrust Financial Corp7,000$429.0K0.05%00.0%Unchanged
Colony Group, LLC6,990$428.0K0.00%−7,192−50.7%Reduced
Triton Wealth Management, PLLC7,994$426.3K0.16%−51−0.6%Reduced
Van Hulzen Asset Management, LLC6,960$426.1K0.03%00.0%Unchanged
Summit Trail Advisors, LLC6,847$419.2K0.01%+499+7.9%Added
Toronto Dominion Bank6,644$406.7K0.00%−132−1.9%Reduced
GWM Advisors LLC6,631$405.9K0.00%+6,581+13,162.0%Added
Maryland State Retirement & Pension System6,534$400.0K0.01%+1,300+24.8%Added
Sigma Planning Corp6,490$397.3K0.01%−730−10.1%Reduced
Taproot Management LP6,424$393.3K0.06%+6,424New
Radnor Capital Management, LLC6,255$382.9K0.06%+70+1.1%Added
Sittner & Nelson, LLC6,665$380.2K0.13%−400−5.7%Reduced
Forum Financial Management, LP6,202$379.7K0.00%+4+0.1%Added