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Dutch Bros
BROS

346 hedge funds and large institutions have $3.33B invested in Dutch Bros in 2024 Q3 according to their latest regulatory filings, with 74 funds opening new positions, 141 increasing their positions, 86 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 86

35.18% more ownership

Funds ownership: 55.38% → 90.56% (+35%)

19% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 62

3% more funds holding

Funds holding: 336 → 346 (+10)

6% less call options, than puts

Call options by funds: $68.9M | Put options by funds: $73M

18% less capital invested

Capital invested by funds: $4.06B → $3.33B (-$731M)

57% less funds holding in top 10

Funds holding in top 10: 7 → 3 (-4)

Holders
346
Holders Change
+10
Holders Change %
+2.98%
% of All Funds
4.97%
Holding in Top 10
3
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-57.14%
% of All Funds
0.04%
New
74
Increased
141
Reduced
86
Closed
62
Calls
$68.9M
Puts
$73M
Net Calls
-$4.05M
Net Calls Change
-$27.1M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$247M
2
WA
Wasatch Advisors
Utah
+$102M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$74.3M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$56.1M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$40.3M

Top Sellers

1
MGCM
Mane Global Capital Management
New York
-$66.4M
2
DKCM
Davidson Kempner Capital Management
New York
-$65.6M
3
WCA
Waratah Capital Advisors
Ontario, Canada
-$59.3M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$58.6M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$53.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Voloridge Investment Management
351
Voloridge Investment Management
Florida
– -$10.8M -261,352 Closed
GCM
352
Ghisallo Capital Management
Massachusetts
– -$6.21M -150,000 Closed
SGM
353
Seven Grand Managers
New York
– -$6.21M -150,000 Closed
SG Americas Securities
354
SG Americas Securities
New York
– -$6.06M -146,434 Closed
EI
355
EAM Investors
California
– -$4.14M -100,052 Closed
PRC
356
Pearl River Capital
Michigan
– -$4.14M -100,048 Closed
Hudson Bay Capital Management
357
Hudson Bay Capital Management
Connecticut
– -$3.58M -86,469 Closed
PP
358
PDT Partners
New York
– -$3.54M -85,533 Closed
RC
359
Renaissance Capital
Connecticut
– -$3.41M -82,256 Closed
QC
360
Quadrature Capital
United Kingdom
– -$3.17M -76,609 Closed
BPIM
361
Brant Point Investment Management
New York
– -$3.1M -74,776 Closed
PWAC
362
Private Wealth Advisors (California)
California
– -$1.85M -44,233 Closed
PCM
363
Penserra Capital Management
California
– -$1.77M -42,649 Closed
BCM
364
Bayesian Capital Management
New York
– -$1.61M -38,800 Closed
Two Sigma Advisers
365
Two Sigma Advisers
New York
– -$1.56M -37,600 Closed
MOS
366
MGO One Seven
Ohio
– -$1.32M -31,811 Closed
OC
367
Oppenheimer & Co
New York
– -$1.19M -28,839 Closed
AAS
368
Ameritas Advisory Services
Nebraska
– -$1.09M -26,374 Closed
KWM
369
Kingsview Wealth Management
Oregon
– -$923K -22,302 Closed
RFM
370
Royal Fund Management
Florida
– -$861K -20,800 Closed
Calamos Advisors
371
Calamos Advisors
Illinois
– -$837K -20,219 Closed
Corient Private Wealth
372
Corient Private Wealth
Florida
– -$793K -19,151 Closed
TAM
373
Titleist Asset Management
Texas
– -$657K -15,881 Closed
Financial Engines Advisors
374
Financial Engines Advisors
California
– -$651K -15,716 Closed
QT
375
Quantbot Technologies
New York
– -$624K -15,082 Closed
13 14
15
16 17

BROS Hedge Fund Activity: Q3 2024 in Review

346 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q3 2024, worth a combined $3.33B — down 18% from $4.06B a quarter earlier.

Buyers outnumbered sellers: 74 funds opened new BROS positions and 62 closed out — a net gain of 12 holders — while 141 added to existing stakes and 86 trimmed.

The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $247M. The largest seller was Mane Global Capital Management, exiting entirely with an estimated $66.4M sold.

  • 346 institutional investors held Dutch Bros (BROS) as of Q3 2024, up from 336 in Q2 2024.
  • Funds reported $3.33B of Dutch Bros stock for Q3 2024, down 18% quarter-over-quarter.
  • 74 funds opened new Dutch Bros positions in Q3 2024 and 62 closed out, a net change of +12 holders.
  • The largest Dutch Bros buyer in Q3 2024 was Baillie Gifford & Co, an estimated $247M added.
  • The largest Dutch Bros seller in Q3 2024 was Mane Global Capital Management, an estimated $66.4M sold.

Based on aggregated 13F filings for Q3 2024.