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Dutch Bros
BROS

192 hedge funds and large institutions have $2.1B invested in Dutch Bros in 2022 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 60 increasing their positions, 51 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 30

18% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 51

1% more funds holding

Funds holding: 191 → 192 (+1)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

9% less capital invested

Capital invested by funds: $2.31B → $2.1B (-$214M)

14% less call options, than puts

Call options by funds: $39.3M | Put options by funds: $45.5M

23.71% less ownership

Funds ownership: 188.27% → 164.56% (-24%)

Holders
192
Holders Change
+1
Holders Change %
+0.52%
% of All Funds
3.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
36
Increased
60
Reduced
51
Closed
30
Calls
$39.3M
Puts
$45.5M
Net Calls
-$6.18M
Net Calls Change
+$10.6M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$77.9M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$21.4M
3
HSA
HBK Sorce Advisory
Pennsylvania
+$7.77M
4
Walleye Trading
Walleye Trading
New York
+$4.03M
5
Goldman Sachs
Goldman Sachs
New York
+$3.5M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$21.3M
2
Citadel Advisors
Citadel Advisors
Florida
-$16M
3
Marshall Wace
Marshall Wace
United Kingdom
-$14.7M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$13.5M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$9.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Trading
26
Walleye Trading
New York
$3.56M +$4.03M +121,918 +2,809%
State Street
27
State Street
Massachusetts
$3.5M +$182K +5,505 +5%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$3.48M +$230K +6,949 +6%
TFCM
29
Taylor Frigon Capital Management
Arizona
$3.42M +$1.84M +55,623 +85%
PC
30
Pier Capital
Connecticut
$3.41M +$19.3K +582 +0.5%
D.E. Shaw & Co
31
D.E. Shaw & Co
New York
$3.25M -$6.22M -188,160 -62%
UBS Group
32
UBS Group
Switzerland
$3.2M +$1.68M +50,931 +81%
SC
33
Sculptor Capital
New York
$3.19M +$284K +8,600 +8%
CIC
34
Carnegie Investment Counsel
Ohio
$2.91M -$227K -6,870 -6%
RJFSA
35
Raymond James Financial Services Advisors
Florida
$2.72M +$109K +3,285 +4%
CSS
36
Cubist Systematic Strategies
Connecticut
$2.56M +$3.01M +90,863 New
TPWA
37
TRUE Private Wealth Advisors
Oregon
$2.26M -$266K -8,044 -9%
National Bank of Canada
38
National Bank of Canada
Quebec, Canada
$2.03M +$2.38M +72,000 New
William Blair & Company
39
William Blair & Company
Illinois
$1.94M -$892K -26,967 -28%
Swiss National Bank
40
Swiss National Bank
Switzerland
$1.75M +$36.4K +1,100 +2%
Northern Trust
41
Northern Trust
Illinois
$1.74M +$226K +6,846 +12%
CA
42
Cetera Advisors
Colorado
$1.68M -$94.1K -2,845 -5%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$1.58M -$50.3K -1,521 -3%
DTL
44
Dynamic Technology Lab
Singapore
$1.52M +$1.78M +53,920 New
Stifel Financial
45
Stifel Financial
Missouri
$1.47M -$752K -22,721 -30%
RJA
46
Raymond James & Associates
Florida
$1.41M +$195K +5,886 +13%
PWAC
47
Private Wealth Advisors (California)
California
$1.38M +$7.01K +212 +0.4%
SSA
48
Schonfeld Strategic Advisors
New York
$1.15M +$1.12M +33,800 +476%
HCM
49
Hodges Capital Management
Texas
$983K +$725K +21,912 +169%
EAM
50
EFG Asset Management
Oregon
$981K +$210K +6,338 +22%
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BROS Hedge Fund Activity: Q4 2022 in Review

192 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q4 2022, worth a combined $2.1B — down 9.3% from $2.31B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new BROS positions and 30 closed out — a net gain of 6 holders — while 60 added to existing stakes and 51 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $77.9M. The largest seller was Jane Street, cutting an estimated $21.3M.

  • 192 institutional investors held Dutch Bros (BROS) as of Q4 2022, up from 191 in Q3 2022.
  • Funds reported $2.1B of Dutch Bros stock for Q4 2022, down 9.3% quarter-over-quarter.
  • 36 funds opened new Dutch Bros positions in Q4 2022 and 30 closed out, a net change of +6 holders.
  • The largest Dutch Bros buyer in Q4 2022 was Fidelity Investments, an estimated $77.9M added.
  • The largest Dutch Bros seller in Q4 2022 was Jane Street, an estimated $21.3M sold.

Based on aggregated 13F filings for Q4 2022.