Dutch Bros Inc. Class ABROS
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 512 institutions reported holding Dutch Bros Inc. Class A (BROS) in their 13F filings, up 62 from Q3 2025. 100 opened new positions and 61 sold out. The largest holders were Vanguard Group Inc. ($679.0M), BlackRock, Inc. ($447.6M) and FMR LLC ($441.5M). 9 famous investors held it, including Israel Englander (0.1% of Millennium Management's portfolio), Steve Cohen (0.1% of Point72 Asset Management's portfolio) and David E. Shaw (0.1% of D. E. Shaw & Co.'s portfolio).
- Company
- Dutch Bros Inc. Class A
- CUSIP
- 26701L100
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 100 | $513.7M |
| Exits | 61 | $164.8M |
All 13F filers, Q3 2025 → Q4 2025: 19,518,292 shares bought and 18,073,498 shares sold, net +1,444,794 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 512 holders
| Vanguard Group Inc. | 0.01% | Reduce -1.3% | 11,090,575 | $679.0M |
| BlackRock, Inc. | 0.01% | Add +4.5% | 7,310,797 | $447.6M |
| FMR LLC | 0.02% | Reduce -1.0% | 7,212,382 | $441.5M |
| Baillie Gifford & Co. | 0.16% | Reduce -7.6% | 3,230,676 | $197.8M |
| Marshall Wace, LLP | 0.18% | Add +15.2% | 3,098,288 | $189.7M |
| UBS Group AG | 0.04% | Add +33.3% | 2,995,317 | $183.4M |
| Squarepoint Ops LLC | 0.35% | Add +73.6% | 2,863,197 | $175.3M |
| T. Rowe Price Associates Inc. | 0.02% | Reduce -18.1% | 2,824,546 | $172.9M |
| Millennium Management | 0.13% | Add +39.5% | 2,823,384 | $172.8M |
| Ninety One UK Ltd | 0.34% | Add +1.5% | 2,625,483 | $160.7M |
| Balyasny Asset Management L.P. | 0.30% | Add +36.5% | 2,481,132 | $151.9M |
| TSG Consumer Partners LP | 100.00% | No change | 2,279,846 | $139.6M |
| Geode Capital Management, LLC | 0.01% | Add +1.8% | 2,265,083 | $138.7M |
| State Street Corp. | 0.00% | Add +1.8% | 2,020,112 | $123.7M |
| T. Rowe Price Investment Management, Inc. | 0.07% | Reduce -9.8% | 1,899,457 | $116.3M |
| Alyeska Investment Group, L.P. | 0.32% | New | 1,860,182 | $113.9M |
| Westfield Capital Management Co. LP | 0.45% | New | 1,779,616 | $108.9M |
| 1832 Asset Management L.P. | 0.14% | Reduce -38.9% | 1,736,900 | $106.3M |
| Morgan Stanley | 0.01% | Add +9.0% | 1,709,256 | $104.6M |
| Norges Bank | 0.01% | — | 1,583,649 | $97.0M |
| Joho Capital LLC | 18.53% | No change | 1,418,394 | $86.8M |
| Alliancebernstein L.P. | 0.03% | Add +22.8% | 1,404,738 | $86.0M |
| Raymond James Financial Inc. | 0.03% | Reduce -5.1% | 1,387,234 | $85.9M |
| D. E. Shaw & Co. | 0.07% | Reduce -18.7% | 1,382,693 | $84.6M |
| Bank of America Corp. | 0.01% | Reduce -27.1% | 1,360,779 | $83.3M |
| Invesco Ltd. | 0.01% | Reduce -44.5% | 1,345,470 | $82.4M |
| Wellington Management Group LLP | 0.01% | Add +22.8% | 1,324,107 | $81.1M |
| Goldman Sachs Group Inc. | 0.01% | Add +57.6% | 1,294,102 | $79.2M |
| Ameriprise Financial Inc. | 0.02% | Add +38.5% | 1,199,735 | $73.4M |
| Charles Schwab Investment Management Inc. | 0.01% | Reduce -0.3% | 1,172,131 | $71.8M |
| Point72 Asset Management | 0.12% | New | 1,171,770 | $71.7M |
| Dimensional Fund Advisors LP | 0.01% | Add +6.2% | 1,166,643 | $71.4M |
| Fuller & Thaler Asset Management, Inc. | 0.23% | Add +7.5% | 1,117,797 | $68.4M |
| BNP Paribas Financial Markets | 0.04% | Reduce -28.7% | 1,001,790 | $61.3M |
| Nomura Asset Management International Inc. | 0.09% | — | 982,259 | $60.1M |
| Mane Global Capital Management LP | 3.26% | Add +11.3% | 971,370 | $59.5M |
| American Century Companies Inc. | 0.03% | Add +19.2% | 945,933 | $57.9M |
| Interval Partners, LP | 1.34% | New | 935,574 | $57.3M |
| Clearbridge Investments, LLC | 0.04% | Reduce -0.2% | 853,005 | $52.2M |
| Allspring Global Investments Holdings, LLC | 0.08% | Add +3.3% | 832,406 | $51.7M |
| Qube Research & Technologies Ltd | 0.07% | Reduce -57.3% | 829,354 | $50.8M |
| Wasatch Advisors LP | 0.30% | Add +53.3% | 824,914 | $50.5M |
| Driehaus Capital Management LLC | 0.33% | Add +6.3% | 790,451 | $48.4M |
| Voya Investment Management LLC | 0.05% | Add +2342.3% | 751,403 | $46.0M |
| Freestone Grove Partners LP | 0.30% | Add +15.4% | 681,803 | $41.7M |
| Bank of New York Mellon Corp | 0.01% | Add +103.9% | 660,534 | $40.4M |
| Citadel Advisors | 0.03% | Reduce -72.7% | 623,458 | $38.2M |
| Holocene Advisors, LP | 0.08% | Add +3096.5% | 605,092 | $37.0M |
| Northern Trust Corp. | 0.00% | Reduce -4.2% | 602,113 | $36.9M |
| LPL Financial LLC | 0.01% | Add +3.5% | 563,210 | $34.5M |
| JPMorgan Chase & Co. | 0.00% | Add +167.7% | 548,040 | $33.6M |
| Baird Financial Group, Inc. | 0.05% | Reduce -30.3% | 535,401 | $32.8M |
| Bank of Nova Scotia | 0.05% | Reduce -3.1% | 525,086 | $32.1M |
| Federated Hermes, Inc. | 0.05% | Reduce -0.1% | 521,200 | $31.9M |
| Engineers Gate Manager LP | 0.37% | Add +59.6% | 513,525 | $31.4M |
| ING Groep NV | 0.18% | Add +14.8% | 494,000 | $30.2M |
| Woodline Partners LP | 0.12% | Reduce -8.9% | 492,308 | $30.1M |
| Teacher Retirement System of Texas | 0.10% | Reduce -2.7% | 476,859 | $29.2M |
| Nuveen, LLC | 0.01% | Add +11.4% | 467,799 | $28.6M |
| Aperture Investors, LLC | 3.71% | Reduce -2.5% | 434,462 | $26.6M |
| Oberweis Asset Management Inc./ | 0.91% | No change | 404,500 | $24.8M |
| Jennison Associates LLC | 0.01% | Add +3274.8% | 382,067 | $23.4M |
| Sei Investments Co. | 0.02% | Add +5.3% | 369,117 | $22.6M |
| Shellback Capital, LP | 2.10% | New | 359,000 | $22.0M |
| Royal Bank of Canada | 0.00% | Reduce -60.4% | 351,542 | $21.5M |
| Schonfeld Strategic Advisors LLC | 0.11% | Add +728.4% | 343,819 | $21.0M |
| Susquehanna International Group, LLP | 0.03% | Reduce -46.5% | 323,375 | $19.8M |
| Assenagon Asset Management S.A. | 0.03% | Reduce -28.9% | 321,910 | $19.7M |
| Fenimore Asset Management Inc | 0.40% | Reduce -10.7% | 312,111 | $19.1M |
| Next Century Growth Investors LLC | 1.31% | Add +24.7% | 308,910 | $18.9M |
| Riverbridge Partners LLC | 0.35% | Reduce -20.3% | 305,106 | $18.7M |
| Stephens Investment Management Group LLC | 0.24% | Add +38.5% | 304,281 | $18.6M |
| Canada Pension Plan Investment Board | 0.01% | Add +63.2% | 296,278 | $18.1M |
| Crestwood Capital Management, L.P. | 11.06% | Reduce -8.1% | 285,379 | $17.5M |
| Waratah Capital Advisors Ltd. | 1.22% | New | 262,741 | $16.1M |
| Wells Fargo & Company | 0.00% | Add +83.0% | 261,377 | $16.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Add +2.8% | 251,353 | $15.4M |
| Swiss National Bank | 0.01% | Add +7.1% | 250,400 | $15.3M |
| Lord, Abbett & Co. LLC | 0.05% | Reduce -54.6% | 247,203 | $15.1M |
| Mitsubishi UFJ Trust & Banking Corp | 0.03% | Reduce -15.5% | 225,153 | $13.8M |
| Synergy Asset Management, LLC | 1.42% | New | 223,067 | $13.7M |
| Trexquant Investment LP | 0.11% | Reduce -43.5% | 209,200 | $12.8M |
| Whittier Trust Co. | 0.14% | Add +64.2% | 202,383 | $12.8M |
| Congress Asset Management Co. | 0.09% | Reduce -3.2% | 206,220 | $12.6M |
| Ossiam | 0.24% | No change | 193,367 | $11.8M |
| Hudson Bay Capital Management LP | 0.07% | Add +149.1% | 185,067 | $11.3M |
| Deepwater Asset Management, LLC | 3.19% | Reduce -23.4% | 179,106 | $11.0M |
| Deutsche Bank AG | 0.00% | Reduce -23.7% | 178,049 | $10.9M |
| Concurrent Investment Advisors, LLC | 0.12% | Add +1.2% | 173,491 | $10.6M |
| Verition Fund Management LLC | 0.06% | Reduce -1.8% | 172,847 | $10.6M |
| Stifel Financial Corp. | 0.01% | Reduce -13.3% | 171,709 | $10.5M |
| Blair William & Co. | 0.03% | Reduce -12.8% | 169,772 | $10.4M |
| Capital Fund Management S.A. | 0.10% | Reduce -0.5% | 167,743 | $10.3M |
| Brown Brothers Harriman & Co. | 0.06% | Reduce -4.0% | 165,307 | $10.1M |
| State of Wisconsin Investment Board | 0.02% | Reduce -5.0% | 164,883 | $10.1M |
| Dark Forest Capital Management LP | 0.45% | Add +85.3% | 162,584 | $10.0M |
| Jain Global LLC | 0.10% | Add +1350.3% | 162,464 | $9.9M |
| California Public Employees Retirement System | 0.01% | Reduce -20.8% | 156,565 | $9.6M |
| Ashford Capital Management Inc. | 1.07% | Reduce -3.2% | 156,280 | $9.6M |
| Algert Global LLC | 0.15% | Reduce -21.0% | 154,146 | $9.4M |
"% of holder's portfolio" is BROS's weight in each manager's 13F, not the share of Dutch Bros Inc. Class A the manager owns.