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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
WMP
376
Wealth Management Partners
Arizona
– -$532K -12,859 Closed
WG
377
Winton Group
United Kingdom
– -$503K -12,160 Closed
Thrivent Financial for Lutherans
378
Thrivent Financial for Lutherans
Minnesota
– -$431K -10,415 Closed
SIM
379
Sandia Investment Management
Massachusetts
– -$414K -10,000 Closed
Capstone Investment Advisors
380
Capstone Investment Advisors
New York
– -$408K -9,848 Closed
TFA
381
Toth Financial Advisory
Virginia
– -$383K -9,250 Closed
TDC
382
Thompson Davis & Co
Virginia
– -$376K -9,090 Closed
MSRPS
383
Maryland State Retirement & Pension System
Maryland
– -$295K -7,132 Closed
SPC
384
Sigma Planning Corp
Michigan
– -$283K -6,838 Closed
RIA
385
Regal Investment Advisors
Michigan
– -$258K -6,220 Closed
ATC
386
Argent Trust Co
Tennessee
– -$238K -5,743 Closed
CCFM
387
Clear Creek Financial Management
Washington
– -$232K -5,599 Closed
BWFA
388
Baltimore-Washington Financial Advisors
Maryland
– -$224K -5,400 Closed
CIP
389
Cornerstone Investment Partners
Georgia
– -$222K -5,352 Closed
Mercer Global Advisors
390
Mercer Global Advisors
Colorado
– -$457K -3,549 Closed
RWMG
391
Redwood Wealth Management Group
New Jersey
– -$72.5K -1,750 Closed
GI
392
Gradient Investments
Minnesota
– -$33.3K -805 Closed
AIM
393
Arcadia Investment Management
Michigan
– -$27.3K -659 Closed
VAG
394
VisionPoint Advisory Group
Texas
– -$21.7K -523 Closed
RFA
395
Register Financial Advisors
Georgia
– -$16.6K -400 Closed
SPM
396
Symmetry Peak Management
Pennsylvania
– -$12.4K -300 Closed
TIM
397
Tortoise Investment Management
New York
– -$8.28K -200 Closed
BLC
398
Brown, Lisle/Cummings
Rhode Island
– -$7.66K -185 Closed
KCM
399
Kodai Capital Management
Illinois
– -$6.04K -146 Closed
NECFA
400
New England Capital Financial Advisors
Connecticut
– -$5.38K -130 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.