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Dutch Bros

492 hedge funds and large institutions have $7.23B invested in Dutch Bros in 2025 Q2 according to their latest regulatory filings, with 92 funds opening new positions, 188 increasing their positions, 145 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 64

30% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 145

15% more capital invested

Capital invested by funds: $6.28B → $7.23B (+$951M)

6% more funds holding

Funds holding: 466492 (+26)

4.19% less ownership

Funds ownership: 87.57%83.38% (-4.2%)

15% less call options, than puts

Call options by funds: $177M | Put options by funds: $209M

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
492
Holders Change
+26
Holders Change %
+5.58%
% of All Funds
6.48%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
92
Increased
188
Reduced
145
Closed
64
Calls
$177M
Puts
$209M
Net Calls
-$32.3M
Net Calls Change
-$116M
Name Holding Trade Value Shares
Change
Change in
Stake
ONGA
226
O'Neil Global Advisors
California
$911K +$869K +13,327 New
ODIJL
227
One Day In July LLC
Vermont
$901K
SO
228
STRS Ohio
Ohio
$894K +$147K +2,250 +21%
Capstone Investment Advisors
229
Capstone Investment Advisors
New York
$892K +$851K +13,043 New
PCM
230
Polymer Capital Management
New York
$876K +$214K +3,283 +34%
YIH
231
Y-Intercept (HK)
Hong Kong
$852K +$552K +8,462 +212%
FF
232
Friedenthal Financial
New Jersey
$852K +$813K +12,456 New
TCWM
233
Total Clarity Wealth Management
Illinois
$850K +$811K +12,434 New
EMAM
234
Encompass More Asset Management
California
$850K +$811K +12,432 New
IA
235
Inspire Advisors
Idaho
$835K +$80.6K +1,236 +11%
VCM
236
Voleon Capital Management
California
$832K +$280K +4,289 +54%
CP
237
Camelot Portfolios
Ohio
$820K
MFS
238
Monetta Financial Services
Illinois
$820K
CC
239
Centiva Capital
New York
$817K -$165K -2,529 -17%
SC
240
Scratch Capital
Idaho
$811K -$143K -2,188 -16%
Public Employees Retirement Association of Colorado
241
Public Employees Retirement Association of Colorado
Colorado
$791K
BCM
242
Becker Capital Management
Oregon
$776K -$59.6K -913 -7%
RIP
243
Reliant Investment Partners
North Carolina
$772K +$736K +11,287 New
DC
244
Diametric Capital
Massachusetts
$770K -$52.6K -806 -7%
CMI
245
Clare Market Investments
Texas
$761K +$726K +11,125 New
HAM
246
Hedges Asset Management
Nevada
$759K
M&T Bank
247
M&T Bank
New York
$746K +$88.1K +1,350 +14%
CA
248
CWC Advisors
Oregon
$743K +$25.8K +396 +4%
OAM
249
Oxford Asset Management
United Kingdom
$737K +$165K +2,537 +31%
Carson Wealth (CWM LLC)
250
Carson Wealth (CWM LLC)
Nebraska
$735K -$1.07M -16,359 -60%

BROS Hedge Fund Activity: Q2 2025 in Review

492 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q2 2025, worth a combined $7.23B — up 15% from $6.28B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new BROS positions and 64 closed out — a net gain of 28 holders — while 188 added to existing stakes and 145 trimmed.

The largest buyer was Marshall Wace, adding an estimated $95.3M. The largest seller was Balyasny Asset Management, cutting an estimated $100M.

  • 492 institutional investors held Dutch Bros (BROS) as of Q2 2025, up from 466 in Q1 2025.
  • Funds reported $7.23B of Dutch Bros stock for Q2 2025, up 15% quarter-over-quarter.
  • 92 funds opened new Dutch Bros positions in Q2 2025 and 64 closed out, a net change of +28 holders.
  • The largest Dutch Bros buyer in Q2 2025 was Marshall Wace, an estimated $95.3M added.
  • The largest Dutch Bros seller in Q2 2025 was Balyasny Asset Management, an estimated $100M sold.

Based on aggregated 13F filings for Q2 2025.