Dutch Bros
BROS
232 hedge funds and large institutions have $2.9B invested in Dutch Bros in 2023 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 86 increasing their positions, 46 reducing their positions, and 29 closing their positions.
145% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 29
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
87% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 46
40% more capital invested
Capital invested by funds: $2.07B → $2.9B (+$826M)
22% more funds holding
Funds holding: 190 → 232 (+42)
10% less call options, than puts
Call options by funds: $72M | Put options by funds: $79.8M
49.99% less ownership
Funds ownership: 195.3% → 145.31% (-50%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$32M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$24.8M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$24.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$21.1M |
| 5 |
Morgan Stanley
New York
|
+$16.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
TSG Consumer Partners
Larkspur,
California
|
-$189M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.9M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$5.78M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$5.61M |
| 5 |
Walleye Capital
New York
|
-$4.53M |
BROS Hedge Fund Activity: Q4 2023 in Review
232 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q4 2023, worth a combined $2.9B — up 40% from $2.07B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new BROS positions and 29 closed out — a net gain of 42 holders — while 86 added to existing stakes and 46 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $32M. The largest seller was TSG Consumer Partners, cutting an estimated $189M.
- 232 institutional investors held Dutch Bros (BROS) as of Q4 2023, up from 190 in Q3 2023.
- Funds reported $2.9B of Dutch Bros stock for Q4 2023, up 40% quarter-over-quarter.
- 71 funds opened new Dutch Bros positions in Q4 2023 and 29 closed out, a net change of +42 holders.
- The largest Dutch Bros buyer in Q4 2023 was Point72 Asset Management, an estimated $32M added.
- The largest Dutch Bros seller in Q4 2023 was TSG Consumer Partners, an estimated $189M sold.
Based on aggregated 13F filings for Q4 2023.