Dutch Bros
BROS
512 hedge funds and large institutions have $7.27B invested in Dutch Bros in 2025 Q4 according to their latest regulatory filings, with 131 funds opening new positions, 173 increasing their positions, 140 reducing their positions, and 61 closing their positions.
115% more first-time investments, than exits
New positions opened: 131 | Existing positions closed: 61
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
86% more call options, than puts
Call options by funds: $245M | Put options by funds: $132M
24% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 140
21% more capital invested
Capital invested by funds: $5.98B → $7.27B (+$1.28B)
14% more funds holding
Funds holding: 450 → 512 (+62)
3.31% more ownership
Funds ownership: 90.13% → 93.45% (+3.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
+$106M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
+$101M |
| 3 |
Squarepoint
New York
|
+$69M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$66.6M |
| 5 |
IP
Interval Partners
New York
|
+$53.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$94.4M |
| 2 |
Amundi
Paris,
France
|
-$70.6M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$63.3M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$62.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$61.4M |
BROS Hedge Fund Activity: Q4 2025 in Review
512 institutional investors reported a position in Dutch Bros (BROS) for Q4 2025, worth a combined $7.27B — up 21% from $5.98B a quarter earlier.
Buyers outnumbered sellers: 131 funds opened new BROS positions and 61 closed out — a net gain of 70 holders — while 173 added to existing stakes and 140 trimmed.
The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $106M. The largest seller was Citadel Advisors, cutting an estimated $94.4M.
- 512 institutional investors held Dutch Bros (BROS) as of Q4 2025, up from 450 in Q3 2025.
- Funds reported $7.27B of Dutch Bros stock for Q4 2025, up 21% quarter-over-quarter.
- 131 funds opened new Dutch Bros positions in Q4 2025 and 61 closed out, a net change of +70 holders.
- The largest Dutch Bros buyer in Q4 2025 was Alyeska Investment Group, an estimated $106M added.
- The largest Dutch Bros seller in Q4 2025 was Citadel Advisors, an estimated $94.4M sold.
Based on aggregated 13F filings for Q4 2025.