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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
KCM
126
Kennedy Capital Management
Missouri
$4.31M +$257K +3,945 +7%
ETC
127
Exchange Traded Concepts
Oklahoma
$4.22M +$4.03M +61,774 New
WTC
128
WhitTier Trust Company
Nevada
$4.2M +$109K +1,672 +3%
TPWA
129
TRUE Private Wealth Advisors
Oregon
$4.19M -$21.7K -332 -0.5%
FAM
130
Fred Alger Management
New York
$4.04M +$3.86M +59,160 New
KCM
131
Kornitzer Capital Management
Kansas
$4.01M +$3.82M +58,620 New
IMC Chicago
132
IMC Chicago
Illinois
$3.96M +$3.78M +57,956 New
Ohio Public Employees Retirement System (OPERS)
133
Ohio Public Employees Retirement System (OPERS)
Ohio
$3.83M +$147K +2,261 +4%
Treasurer of the State of North Carolina
134
Treasurer of the State of North Carolina
North Carolina
$3.69M +$262K +4,017 +8%
LP
135
LMR Partners
United Kingdom
$3.53M +$3.37M +51,600 New
B
136
Bailard
California
$3.52M
LCM
137
Landscape Capital Management
New Jersey
$3.46M -$832K -12,755 -20%
Janus Henderson Group
138
Janus Henderson Group
United Kingdom
$3.45M
DADC
139
D.A. Davidson & Co
Montana
$3.45M +$12.7K +194 +0.4%
VOYA Investment Management
140
VOYA Investment Management
Georgia
$3.44M +$1.53M +23,487 +88%
LCG
141
Lisanti Capital Growth
New York
$3.41M +$2.45M +37,595 +306%
Calamos Advisors
142
Calamos Advisors
Illinois
$3.37M +$2.83M +43,354 +739%
NRD
143
Nebula Research & Development
New York
$3.25M +$520K +7,970 +20%
Jones Financial Companies
144
Jones Financial Companies
Missouri
$3.18M +$553K +8,481 +23%
EAM
145
EFG Asset Management
Oregon
$3.15M +$16.5K +253 +0.6%
Jane Street
146
Jane Street
New York
$3.14M -$23.8M -364,563 -89%
DFCM
147
Dark Forest Capital Management
Puerto Rico
$3.13M +$851K +13,047 +40%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
148
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$3.1M +$2.96M +45,400 New
ICM
149
IMS Capital Management
Oregon
$3.01M +$457K +7,004 +19%
WorldQuant Millennium Advisors
150
WorldQuant Millennium Advisors
New York
$3.01M -$4.79M -73,462 -63%

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.