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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
AIM
501
Aspen Investment Management
Michigan
-$290K -4,240 Closed
WMA
502
West Michigan Advisors
Michigan
-$286K -4,187 Closed
TC
503
TownSquare Capital
Utah
-$278K -4,067 Closed
NWM
504
Napa Wealth Management
California
-$264K -3,860 Closed
JWCA
505
J.W. Cole Advisors
Florida
-$258K -3,777 Closed
I
506
InceptionR
California
-$255K -3,734 Closed
SA
507
Sanctuary Advisors
Indiana
-$251K -3,666 Closed
VPIM
508
Vanguard Personalized Indexing Management
California
-$243K -3,547 Closed
Mirae Asset Global Investments
509
Mirae Asset Global Investments
South Korea
-$242K -3,534 Closed
MA
510
Mutual Advisors
Nebraska
-$210K -3,534 Closed
PCIA
511
Prime Capital Investment Advisors
Kansas
-$235K -3,440 Closed
MML Investors Services
512
MML Investors Services
Massachusetts
-$233K -3,412 Closed
HCMT
513
Highland Capital Management (Tennessee)
Tennessee
-$233K -3,409 Closed
USCWA
514
U.S. Capital Wealth Advisors
Texas
-$233K -3,404 Closed
ECM
515
Everence Capital Management
Indiana
-$230K -3,370 Closed
BIM
516
Bridges Investment Management
Nebraska
-$228K -3,335 Closed
OR
517
Olympiad Research
Connecticut
-$224K -3,276 Closed
WI
518
WrapManager Inc
California
-$218K -3,182 Closed
FTWA
519
Fifth Third Wealth Advisors
Ohio
-$215K -3,147 Closed
EP
520
Edgestream Partners
New Jersey
-$208K -3,042 Closed
EE
521
EWG Elevate
California
-$206K -3,013 Closed
LFA
522
Lauterbach Financial Advisors
Texas
-$205K -3,000 Closed
MCA
523
MSH Capital Advisors
Arizona
-$205K -3,000 Closed
AB
524
ANB Bank
Colorado
-$205K -2,999 Closed
MFG
525
Merit Financial Group
Georgia
-$202K -2,953 Closed

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.