Norges Bank’s Dutch Bros BROS Stock Holding History

Norges Bank’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	-1,583,649	Closed	-$97M	–	215
2025 Q4	$97M	Buy	+1,583,649	New	+$90M	0.01%	775
2025 Q3	–	Sell	-1,367,927	Closed	-$93.5M	–	245
2025 Q2	$93.5M	Sell	1,367,927 -91,143	-6%	-$5.95M	0.01%	730
2025 Q1	$90.1M	Buy	1,459,070 +1,129,437	+343%	+$74.4M	0.01%	718
2024 Q4	$17.3M	Sell	329,633 -173,631	-35%	-$7.66M	﹤0.01%	1257
2024 Q3	$16.1M	Sell	503,264 -55,310	-10%	-$1.95M	﹤0.01%	1263
2024 Q2	$23.1M	Buy	558,574 +349,986	+168%	+$12M	﹤0.01%	1182
2024 Q1	$6.88M	Buy	208,588 +133,906	+179%	+$3.95M	﹤0.01%	1554
2023 Q4	$2.37M	Hold	74,682	–	–	﹤0.01%	1781
2023 Q3	$1.74M	Buy	+74,682	New	+$2.13M	﹤0.01%	1846
2021 Q4	–	Sell	-350,000	Closed	-$15.2M	–	2216
2021 Q3	$15.2M	Buy	+350,000	New	+$16.6M	﹤0.01%	1623

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

Norges Bank's BROS Position: Q1 2026 in Review

Norges Bank sold out of Dutch Bros (BROS) in Q1 2026, closing a stake of 1,583,649 shares — an estimated $97M sold.

Norges Bank first reported a position in BROS in Q3 2021 and held it in 10 quarters. The position peaked at $97M in Q4 2025. 506 funds tracked by Wall St. Rank hold BROS as of Q1 2026.

Norges Bank reported no remaining Dutch Bros position as of Q1 2026 after selling out during the quarter.
Norges Bank sold 1,583,649 Dutch Bros shares in Q1 2026, an estimated $97M.
Norges Bank first reported a position in Dutch Bros in Q3 2021 and held it in 10 quarters.
Norges Bank's Dutch Bros position peaked at $97M in Q4 2025.
506 funds tracked by Wall St. Rank held Dutch Bros as of Q1 2026.

Based on Norges Bank's 13F filing for Q1 2026.