Dutch Bros
BROS
550 hedge funds and large institutions have $9.33B invested in Dutch Bros in 2026 Q2 according to their latest regulatory filings, with 117 funds opening new positions, 170 increasing their positions, 165 reducing their positions, and 60 closing their positions.
95% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 60
84% more call options, than puts
Call options by funds: $225M | Put options by funds: $123M
40% more capital invested
Capital invested by funds: $6.68B → $9.33B (+$2.65B)
9% more funds holding
Funds holding: 506 → 550 (+44)
3% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 165
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
8.99% less ownership
Funds ownership: 103.83% → 94.84% (-9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$411M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$113M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$63.7M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$56.3M |
| 5 |
Jane Street
New York
|
+$54.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$181M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$166M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$140M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$75.9M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$67.8M |
BROS Hedge Fund Activity: Q2 2026 in Review
550 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q2 2026, worth a combined $9.33B — up 40% from $6.68B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new BROS positions and 60 closed out — a net gain of 57 holders — while 170 added to existing stakes and 165 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $411M. The largest seller was Millennium Management, cutting an estimated $181M.
- 550 institutional investors held Dutch Bros (BROS) as of Q2 2026, up from 506 in Q1 2026.
- Funds reported $9.33B of Dutch Bros stock for Q2 2026, up 40% quarter-over-quarter.
- 117 funds opened new Dutch Bros positions in Q2 2026 and 60 closed out, a net change of +57 holders.
- The largest Dutch Bros buyer in Q2 2026 was Fidelity Investments, an estimated $411M added.
- The largest Dutch Bros seller in Q2 2026 was Millennium Management, an estimated $181M sold.
Based on aggregated 13F filings for Q2 2026.