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Dutch Bros

506 hedge funds and large institutions have $6.68B invested in Dutch Bros in 2026 Q1 according to their latest regulatory filings, with 93 funds opening new positions, 204 increasing their positions, 120 reducing their positions, and 87 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 204 | Existing positions reduced: 120

27% more call options, than puts

Call options by funds: $193M | Put options by funds: $152M

10.4% more ownership

Funds ownership: 93.43%103.83% (+10%)

7% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 87

1% less funds holding

Funds holding: 511506 (-5)

8% less capital invested

Capital invested by funds: $7.27B → $6.68B (-$586M)

33% less funds holding in top 10

Funds holding in top 10: 64 (-2)

Holders
506
Holders Change
-5
Holders Change %
-0.98%
% of All Funds
6.23%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
93
Increased
204
Reduced
120
Closed
87
Calls
$193M
Puts
$152M
Net Calls
+$41M
Net Calls Change
-$72.2M
Name Holding Trade Value Shares
Change
Change in
Stake
RIA
151
RPG Investment Advisory
California
$2.18M +$784K +14,340 +50%
CTA
152
Camelot Technology Advisors
California
$2.13M
PP
153
Paloma Partners
Connecticut
$2.13M +$1.48M +27,000 +180%
XT
154
XTX Topco
Cayman Islands
$2.12M +$1.25M +22,932 +122%
ET
155
Entropy Technologies
New York
$2.11M +$2.28M +41,686 New
New York State Teachers Retirement System (NYSTRS)
156
New York State Teachers Retirement System (NYSTRS)
New York
$2.09M +$2.26M +41,326 New
NS
157
Night Squared
New York
$2M +$2.16M +39,467 New
TRSOTSOK
158
Teachers Retirement System of the State of Kentucky
Kentucky
$1.98M +$2.13M +39,000 New
Universal-Beteiligungs- und Servicegesellschaft
159
Universal-Beteiligungs- und Servicegesellschaft
Germany
$1.93M -$2.63M -48,045 -56%
WG
160
Winton Group
United Kingdom
$1.92M +$1.44M +26,324 +227%
Cambridge Investment Research Advisors
161
Cambridge Investment Research Advisors
Iowa
$1.89M +$335K +6,135 +20%
LSERS
162
Louisiana State Employees Retirement System
Louisiana
$1.86M +$2.01M +36,800 New
Creative Planning
163
Creative Planning
Kansas
$1.85M +$510K +9,335 +34%
DC
164
Diametric Capital
Massachusetts
$1.78M -$989K -18,091 -34%
ASRS
165
Arizona State Retirement System
Arizona
$1.77M -$875 -16 -0%
LIP
166
Lighthouse Investment Partners
Florida
$1.65M -$2.89M -52,874 -62%
Handelsbanken Fonder
167
Handelsbanken Fonder
Sweden
$1.64M
Zurich Cantonal Bank
168
Zurich Cantonal Bank
Switzerland
$1.62M +$336K +6,152 +24%
COPPSERS
169
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.61M +$1.74M +31,828 New
VIA
170
Vanguard Investments Australia
Australia
$1.6M +$1.73M +31,544 New
HCA
171
Harbor Capital Advisors
Illinois
$1.59M +$1M +18,345 +140%
KPWS
172
Kestra Private Wealth Services
Texas
$1.59M +$47.5K +869 +3%
PAMP
173
Polar Asset Management Partners
Ontario, Canada
$1.56M -$359K -6,571 -18%
SOMRS
174
State of Michigan Retirement System
Michigan
$1.55M +$1.67M +30,600 New
US Bancorp
175
US Bancorp
Minnesota
$1.49M +$206K +3,759 +15%

BROS Hedge Fund Activity: Q1 2026 in Review

506 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q1 2026, worth a combined $6.68B — down 8.1% from $7.27B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new BROS positions and 87 closed out — a net gain of 6 holders — while 204 added to existing stakes and 120 trimmed.

The largest buyer was BlackRock, adding an estimated $359M. The largest seller was Ninety One (UK), exiting entirely with an estimated $161M sold.

  • 506 institutional investors held Dutch Bros (BROS) as of Q1 2026, down from 511 in Q4 2025.
  • Funds reported $6.68B of Dutch Bros stock for Q1 2026, down 8.1% quarter-over-quarter.
  • 93 funds opened new Dutch Bros positions in Q1 2026 and 87 closed out, a net change of +6 holders.
  • The largest Dutch Bros buyer in Q1 2026 was BlackRock, an estimated $359M added.
  • The largest Dutch Bros seller in Q1 2026 was Ninety One (UK), an estimated $161M sold.

Based on aggregated 13F filings for Q1 2026.