Dutch Bros
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, 189 increasing their positions, 144 reducing their positions, and 64 closing their positions.
44% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 64
31% more repeat investments, than reductions
Existing positions increased: 189 | Existing positions reduced: 144
15% more capital invested
Capital invested by funds: $6.28B → $7.23B (+$951M)
6% more funds holding
Funds holding: 466 → 492 (+26)
4.18% 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: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$95.3M |
| 2 |
BlackRock
New York
|
+$93.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$92.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$68.7M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$63.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$100M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$98.2M |
| 3 |
D.E. Shaw & Co
New York
|
-$69.9M |
| 4 |
Millennium Management
New York
|
-$52.3M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$33.5M |
BROS Hedge Fund Activity: Q2 2025 in Review
492 of the 7,613 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 189 added to existing stakes and 144 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.