Dutch Bros
BROS
466 hedge funds and large institutions have $6.28B invested in Dutch Bros in 2025 Q1 according to their latest regulatory filings, with 111 funds opening new positions, 169 increasing their positions, 128 reducing their positions, and 40 closing their positions.
178% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 40
40% more call options, than puts
Call options by funds: $292M | Put options by funds: $208M
32% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 128
18% more capital invested
Capital invested by funds: $5.3B → $6.28B (+$977M)
17% more funds holding
Funds holding: 400 → 466 (+66)
1.32% less ownership
Funds ownership: 88.89% → 87.57% (-1.3%)
56% less funds holding in top 10
Funds holding in top 10: 9 → 4 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$142M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$83.9M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$74.4M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$70.9M |
| 5 |
Millennium Management
New York
|
+$54.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$184M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$154M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$116M |
| 4 |
TCP
TSG Consumer Partners
Larkspur,
California
|
-$76.5M |
| 5 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
-$56.5M |
BROS Hedge Fund Activity: Q1 2025 in Review
466 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q1 2025, worth a combined $6.28B — up 18% from $5.3B a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new BROS positions and 40 closed out — a net gain of 71 holders — while 169 added to existing stakes and 128 trimmed.
The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $142M. The largest seller was Wasatch Advisors, cutting an estimated $184M.
- 466 institutional investors held Dutch Bros (BROS) as of Q1 2025, up from 400 in Q4 2024.
- Funds reported $6.28B of Dutch Bros stock for Q1 2025, up 18% quarter-over-quarter.
- 111 funds opened new Dutch Bros positions in Q1 2025 and 40 closed out, a net change of +71 holders.
- The largest Dutch Bros buyer in Q1 2025 was Balyasny Asset Management, an estimated $142M added.
- The largest Dutch Bros seller in Q1 2025 was Wasatch Advisors, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2025.