Dutch Bros
BROS
187 hedge funds and large institutions have $2.35B invested in Dutch Bros in 2023 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 59 increasing their positions, 50 reducing their positions, and 36 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 50
12% more capital invested
Capital invested by funds: $2.1B → $2.35B (+$253M)
0% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 36
1.7% less ownership
Funds ownership: 164.53% → 162.83% (-1.7%)
2% less funds holding
Funds holding: 191 → 187 (-4)
23% less call options, than puts
Call options by funds: $76.4M | Put options by funds: $99.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$21.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$20.6M |
| 3 |
JC
Joho Capital
New York
|
+$12.1M |
| 4 |
Goldman Sachs
New York
|
+$5.44M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$4.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$34.8M |
| 2 |
Millennium Management
New York
|
-$10.3M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$5.25M |
| 4 |
Walleye Trading
New York
|
-$4.27M |
| 5 |
Public Employees Retirement Association of Colorado
Denver,
Colorado
|
-$4.18M |
BROS Hedge Fund Activity: Q1 2023 in Review
187 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Dutch Bros (BROS) for Q1 2023, worth a combined $2.35B — up 12% from $2.1B a quarter earlier.
Fund positioning in BROS was balanced in Q1 2023: 36 funds opened new positions, 36 closed out, 59 added to existing stakes and 50 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $21.9M. The largest seller was Marshall Wace, exiting entirely with an estimated $34.8M sold.
- 187 institutional investors held Dutch Bros (BROS) as of Q1 2023, down from 191 in Q4 2022.
- Funds reported $2.35B of Dutch Bros stock for Q1 2023, up 12% quarter-over-quarter.
- 36 funds opened new Dutch Bros positions in Q1 2023 and 36 closed out, a net change of 0 holders.
- The largest Dutch Bros buyer in Q1 2023 was Fidelity Investments, an estimated $21.9M added.
- The largest Dutch Bros seller in Q1 2023 was Marshall Wace, an estimated $34.8M sold.
Based on aggregated 13F filings for Q1 2023.