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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
DI
301
Diligent Investors
California
$404K +$9.13K +140 +2%
VRS
302
Virginia Retirement Systems
Virginia
$403K -$874K -13,400 -69%
P
303
&Partners
Tennessee
$388K +$359K +5,504 New
PCM
304
Penserra Capital Management
California
$386K -$1.48M -22,730 -80%
AI
305
Atom Investors
Texas
$384K +$367K +5,623 New
CIBC Private Wealth Group
306
CIBC Private Wealth Group
Georgia
$384K -$2.02K -31 -0.5%
FFM
307
Forum Financial Management
Illinois
$374K +$652 +10 +0.2%
JCM
308
Janney Capital Management
Pennsylvania
$370K +$353K +5,411 New
BWFA
309
Baltimore-Washington Financial Advisors
Maryland
$369K
IWC
310
Integrated Wealth Concepts
Massachusetts
$366K +$13.8K +211 +4%
WPC
311
Wedmont Private Capital
Pennsylvania
$363K +$10.3K +158 +3%
A
312
AlphaQuest
New York
$359K +$266K +4,080 +347%
MSRPS
313
Maryland State Retirement & Pension System
Maryland
$358K
TFA
314
Toth Financial Advisory
Virginia
$356K +$340K +5,210 New
CAPTRUST Financial Advisors
315
CAPTRUST Financial Advisors
North Carolina
$355K -$144K -2,204 -30%
MLL
316
Moody Lynn & Lieberson
Massachusetts
$354K -$2.87K -44 -0.8%
SC
317
Shay Capital
New York
$354K +$338K +5,175 New
Fifth Third Bancorp
318
Fifth Third Bancorp
Ohio
$351K -$21.1K -324 -6%
Cerity Partners
319
Cerity Partners
New York
$349K -$1.45M -22,235 -81%
Focus Partners Wealth
320
Focus Partners Wealth
Massachusetts
$329K -$15.4K -236 -5%
NFSG
321
Newbridge Financial Services Group
Florida
$321K
MLA
322
My Legacy Advisors
Oregon
$321K +$37.8K +580 +13%
VFA
323
Valeo Financial Advisors
Indiana
$318K +$1.44K +22 +0.5%
GWSG
324
GPS Wealth Strategies Group
Colorado
$314K +$22.6K +346 +8%
VCA
325
Verdence Capital Advisors
Maryland
$309K +$18.1K +278 +7%

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.