Dark Forest Capital Management’s Dutch Bros BROS Stock Holding History

Dark Forest Capital Management’s Portfolio BROS Stock Details BROS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	–	Sell	-162,584	Closed	-$9.95M	–	823
2025 Q4	$9.95M	Buy	162,584 +74,819	+85%	+$4.25M	0.45%	12
2025 Q3	$4.59M	Buy	87,765 +42,055	+92%	+$2.66M	0.17%	149
2025 Q2	$3.13M	Buy	45,710 +13,047	+40%	+$851K	0.12%	253
2025 Q1	$2.02M	Buy	32,663 +8,709	+36%	+$574K	0.09%	381
2024 Q4	$1.25M	Sell	23,954 -44,660	-65%	-$1.97M	0.19%	112
2024 Q3	$2.2M	Buy	68,614 +55,515	+424%	+$1.96M	0.28%	72
2024 Q2	$542K	Buy	+13,099	New	+$450K	0.1%	252
2023 Q4	–	Sell	-45,724	Closed	-$1.06M	–	539
2023 Q3	$1.06M	Buy	+45,724	New	+$1.3M	0.08%	383
2022 Q3	–	Sell	-222	Closed	-$7K	–	1154
2022 Q2	$7K	Sell	222 -27,742	-99%	-$1.14M	﹤0.01%	574
2022 Q1	$1.55M	Buy	+27,964	New	+$1.43M	0.36%	58

Other funds holding BROS

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Dark Forest Capital Management's BROS Position: Q1 2026 in Review

Dark Forest Capital Management sold out of Dutch Bros (BROS) in Q1 2026, closing a stake of 162,584 shares — an estimated $9.95M sold.

Dark Forest Capital Management first reported a position in BROS in Q1 2022 and held it in 10 quarters. The position peaked at $9.95M in Q4 2025. 506 funds tracked by Wall St. Rank hold BROS as of Q1 2026.

Dark Forest Capital Management reported no remaining Dutch Bros position as of Q1 2026 after selling out during the quarter.
Dark Forest Capital Management sold 162,584 Dutch Bros shares in Q1 2026, an estimated $9.95M.
Dark Forest Capital Management first reported a position in Dutch Bros in Q1 2022 and held it in 10 quarters.
Dark Forest Capital Management's Dutch Bros position peaked at $9.95M in Q4 2025.
506 funds tracked by Wall St. Rank held Dutch Bros as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.