Dutch Bros
BROS
506 hedge funds and large institutions have $6.68B invested in Dutch Bros in 2026 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 204 increasing their positions, 120 reducing their positions, and 87 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 120
27% more call options, than puts
Call options by funds: $193M | Put options by funds: $152M
10.4% more ownership
Funds ownership: 93.43% → 103.83% (+10%)
7% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 87
1% less funds holding
Funds holding: 511 → 506 (-5)
8% less capital invested
Capital invested by funds: $7.27B → $6.68B (-$586M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$359M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$263M |
| 3 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$149M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$129M |
| 5 |
State Street
Boston,
Massachusetts
|
+$96.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$161M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$114M |
| 3 |
Squarepoint
New York
|
-$105M |
| 4 |
D.E. Shaw & Co
New York
|
-$75.2M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$68.6M |
BROS Hedge Fund Activity: Q1 2026 in Review
506 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q1 2026, worth a combined $6.68B — down 8.1% from $7.27B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new BROS positions and 87 closed out — a net gain of 6 holders — while 204 added to existing stakes and 120 trimmed.
The largest buyer was BlackRock, adding an estimated $359M. The largest seller was Ninety One (UK), exiting entirely with an estimated $161M sold.
- 506 institutional investors held Dutch Bros (BROS) as of Q1 2026, down from 511 in Q4 2025.
- Funds reported $6.68B of Dutch Bros stock for Q1 2026, down 8.1% quarter-over-quarter.
- 93 funds opened new Dutch Bros positions in Q1 2026 and 87 closed out, a net change of +6 holders.
- The largest Dutch Bros buyer in Q1 2026 was BlackRock, an estimated $359M added.
- The largest Dutch Bros seller in Q1 2026 was Ninety One (UK), an estimated $161M sold.
Based on aggregated 13F filings for Q1 2026.