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Dutch Bros

450 hedge funds and large institutions have $5.98B invested in Dutch Bros in 2025 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 191 increasing their positions, 128 reducing their positions, and 97 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more repeat investments, than reductions

Existing positions increased: 191 | Existing positions reduced: 128

6.75% more ownership

Funds ownership: 83.38%90.13% (+6.8%)

9% more call options, than puts

Call options by funds: $159M | Put options by funds: $145M

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

9% less funds holding

Funds holding: 492450 (-42)

17% less capital invested

Capital invested by funds: $7.23B → $5.98B (-$1.25B)

36% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 97

Holders
450
Holders Change
-42
Holders Change %
-8.54%
% of All Funds
5.91%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
62
Increased
191
Reduced
128
Closed
97
Calls
$159M
Puts
$145M
Net Calls
+$13.7M
Net Calls Change
+$45.9M
Name Holding Trade Value Shares
Change
Change in
Stake
CFS
401
CGC Financial Services
Oregon
$5.13K
CI
402
CX Institutional
Indiana
$5K
LWMI
403
Legacy Wealth Management (Idaho)
Idaho
$4.19K
CAL
404
Capital Analysts LLC
Pennsylvania
$4K
CMP
405
Coston McIsaac & Partners
Maine
$4K
HWM
406
Hemington Wealth Management
Virginia
$3K +$695 +11 +21%
ME
407
McIlrath & Eck
Washington
$2.88K
MPWT
408
MassMutual Private Wealth & Trust
Connecticut
$2.83K +$1.14K +18 +50%
NA
409
NewEdge Advisors
Louisiana
$2.62K -$908K -14,358 -100%
TLA
410
Tanglewood Legacy Advisors
Texas
$2.62K
TCOT
411
Trust Company of Toledo
Ohio
$2.62K
NB
412
NBT Bank
New York
$2.62K +$126 +2 +4%
BWL
413
Bogart Wealth LLC
Virginia
$2.62K +$2.53K +40 +400%
CT
414
Clearstead Trust
Maine
$2.51K
JWA
415
JFS Wealth Advisors
Pennsylvania
$2.41K +$1.52K +24 +109%
TWC
416
TD Waterhouse Canada
Ontario, Canada
$2.32K -$6.36M -100,516 -100%
MG
417
Mather Group
Illinois
$2.25K +$2.72K +43 New
PCFFS
418
Pacific Center for Financial Services
California
$2.15K
SC
419
Sawyer & Company
Massachusetts
$2K
HFS
420
Hantz Financial Services
Michigan
$2K +$695 +11 +61%
SC
421
Stephens Consulting
Michigan
$1.57K
SJIM
422
St. Johns Investment Management
Florida
$1.57K
TPCW
423
TD Private Client Wealth
New York
$1.31K
HI
424
Horizon Investments
North Carolina
$628 +$190 +3 +33%
BCH
425
Berkshire Capital Holdings
California
$523

BROS Hedge Fund Activity: Q3 2025 in Review

450 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q3 2025, worth a combined $5.98B — down 17% from $7.23B a quarter earlier.

Sellers outnumbered buyers: 97 funds closed out of BROS and 62 opened new positions — a net loss of 35 holders — while 128 trimmed existing stakes and 191 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $201M. The largest seller was D.E. Shaw & Co, cutting an estimated $160M.

  • 450 institutional investors held Dutch Bros (BROS) as of Q3 2025, down from 492 in Q2 2025.
  • Funds reported $5.98B of Dutch Bros stock for Q3 2025, down 17% quarter-over-quarter.
  • 62 funds opened new Dutch Bros positions in Q3 2025 and 97 closed out, a net change of -35 holders.
  • The largest Dutch Bros buyer in Q3 2025 was T. Rowe Price Associates, an estimated $201M added.
  • The largest Dutch Bros seller in Q3 2025 was D.E. Shaw & Co, an estimated $160M sold.

Based on aggregated 13F filings for Q3 2025.