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Dutch Bros

492 hedge funds and large institutions have $7.23B invested in Dutch Bros in 2025 Q2 according to their latest regulatory filings, with 92 funds opening new positions, 188 increasing their positions, 145 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 64

30% more repeat investments, than reductions

Existing positions increased: 188 | Existing positions reduced: 145

15% more capital invested

Capital invested by funds: $6.28B → $7.23B (+$951M)

6% more funds holding

Funds holding: 466492 (+26)

4.19% less ownership

Funds ownership: 87.57%83.38% (-4.2%)

15% less call options, than puts

Call options by funds: $177M | Put options by funds: $209M

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
492
Holders Change
+26
Holders Change %
+5.58%
% of All Funds
6.48%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
92
Increased
188
Reduced
145
Closed
64
Calls
$177M
Puts
$209M
Net Calls
-$32.3M
Net Calls Change
-$116M
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
26
Wellington Management Group
Massachusetts
$72.6M +$11M +168,413 +19%
Renaissance Technologies
27
Renaissance Technologies
New York
$70.9M -$17.3M -265,200 -20%
Macquarie Group
28
Macquarie Group
Australia
$65.8M +$55.9M +856,718 +810%
Ameriprise
29
Ameriprise
Minnesota
$62.3M +$2.95M +45,170 +5%
Lord, Abbett & Co
30
Lord, Abbett & Co
New Jersey
$60.5M -$12.9M -198,227 -18%
ClearBridge Investments
31
ClearBridge Investments
New York
$59.3M -$138K -2,122 -0.2%
Dimensional Fund Advisors
32
Dimensional Fund Advisors
Texas
$57.4M -$6.82M -104,527 -11%
BNP Paribas Financial Markets
33
BNP Paribas Financial Markets
France
$56.8M -$20.5M -314,299 -27%
American Century Companies
34
American Century Companies
Missouri
$55.6M +$18.2M +278,941 +52%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$53.8M +$9.49M +145,464 +23%
Charles Schwab
36
Charles Schwab
California
$52.2M +$4.97M +76,263 +11%
Federated Hermes
37
Federated Hermes
Pennsylvania
$50.5M +$11.9M +183,194 +33%
Baird Financial Group
38
Baird Financial Group
Wisconsin
$49.4M -$1.59M -24,412 -3%
Allspring Global Investments
39
Allspring Global Investments
North Carolina
$48.5M -$5.55M -85,045 -11%
Amundi
40
Amundi
France
$48.2M +$18.3M +281,236 +63%
Assenagon Asset Management
41
Assenagon Asset Management
Luxembourg
$44.4M +$42.3M +649,120 New
Balyasny Asset Management
42
Balyasny Asset Management
Illinois
$42M -$100M -1,536,084 -71%
Northern Trust
43
Northern Trust
Illinois
$41.8M -$1.7M -25,990 -4%
MGCM
44
Mane Global Capital Management
New York
$35.9M +$34.3M +525,616 New
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$34.4M +$19.5M +298,878 +147%
Goldman Sachs
46
Goldman Sachs
New York
$34.3M +$5.28M +80,957 +19%
LPL Financial
47
LPL Financial
California
$33.5M +$9.23M +141,566 +41%
Tudor Investment Corp
48
Tudor Investment Corp
Connecticut
$33.2M +$6.18M +94,750 +24%
UBS AM
49
UBS AM
Illinois
$32.9M +$11.4M +175,020 +57%
N
50
Nuveen
North Carolina
$32.3M +$9.41M +144,243 +44%

BROS Hedge Fund Activity: Q2 2025 in Review

492 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q2 2025, worth a combined $7.23B — up 15% from $6.28B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new BROS positions and 64 closed out — a net gain of 28 holders — while 188 added to existing stakes and 145 trimmed.

The largest buyer was Marshall Wace, adding an estimated $95.3M. The largest seller was Balyasny Asset Management, cutting an estimated $100M.

  • 492 institutional investors held Dutch Bros (BROS) as of Q2 2025, up from 466 in Q1 2025.
  • Funds reported $7.23B of Dutch Bros stock for Q2 2025, up 15% quarter-over-quarter.
  • 92 funds opened new Dutch Bros positions in Q2 2025 and 64 closed out, a net change of +28 holders.
  • The largest Dutch Bros buyer in Q2 2025 was Marshall Wace, an estimated $95.3M added.
  • The largest Dutch Bros seller in Q2 2025 was Balyasny Asset Management, an estimated $100M sold.

Based on aggregated 13F filings for Q2 2025.