Dutch Bros Inc. (BROS) — Institutional Holders, Q2 2026

561 institutional investment managers reported a BROS position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $9.3B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← BROS stock profile

BROS in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

110

Added to

174

Trimmed

166

Sold out

Biggest buyers

FMRAdded · +7,157,735 sh+$514.0M
PRICE T ROWE ASSOCIATESAdded · +1,961,485 sh+$140.9M
DRIEHAUS CAPITAL MANAGEMENTNew · +1,109,974 sh+$79.7M
1832 Asset Management L.P.Added · +981,500 sh+$70.5M
JANE STREET GROUPAdded · +944,854 sh+$67.8M

Biggest sellers

MILLENNIUM MANAGEMENTTrimmed · -3,156,378 sh-$226.7M
UBS Group AGTrimmed · -2,890,490 sh-$207.6M
Point72 Asset Management, L.P.Trimmed · -2,448,696 sh-$175.8M
BALYASNY ASSET MANAGEMENT L.P.Trimmed · -1,322,485 sh-$95.0M
FULLER & THALER ASSET MANAGEMENTTrimmed · -1,180,958 sh-$84.8M

BROS 13F holders ranked 1–100 of 561

Institutional investors reporting a position in Dutch Bros Inc. on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	FMR#1 · 16,724,132 sh	16,724,132	$1.2B	0.05%	+74.8%
2	BlackRock#2 · 14,662,985 sh	14,662,985	$1.1B	0.02%	+5.7%
3	PRICE T ROWE ASSOCIATES#3 · 9,593,935 sh	9,593,935	$688.9M	0.07%	+25.7%
4	VANGUARD CAPITAL MANAGEMENT#4 · 6,066,585 sh	6,066,585	$435.6M	<0.01%	+6.6%
5	VANGUARD PORTFOLIO MANAGEMENT#5 · 5,938,536 sh	5,938,536	$426.4M	0.02%	+8.5%
6	T. Rowe Price Investment Management#6 · 4,265,542 sh	4,265,542	$306.3M	0.20%	-7.9%
7	STATE STREET#7 · 3,851,321 sh	3,851,321	$276.6M	<0.01%	+1.9%
8	WELLINGTON MANAGEMENT GROUP LLP#8 · 3,090,882 sh	3,090,882	$222.0M	0.04%	+38.0%
9	BAILLIE GIFFORD#9 · 2,738,885 sh	2,738,885	$196.7M	0.18%	-8.5%
10	GEODE CAPITAL MANAGEMENT#10 · 2,483,555 sh	2,483,555	$178.4M	<0.01%	-1.8%
11	CITADEL ADVISORS#11 · 2,210,958 sh	2,210,958	$158.8M	0.02%	+10.2%
12	WESTFIELD CAPITAL MANAGEMENT#12 · 2,184,001 sh	2,184,001	$156.8M	0.51%	-5.6%
13	1832 Asset Management L.P.#13 · 2,011,800 sh	2,011,800	$144.5M	0.07%	+95.3%
14	GOLDMAN SACHS GROUP#14 · 1,990,163 sh	1,990,163	$142.9M	0.01%	+17.7%
15	MORGAN STANLEY#15 · 1,887,011 sh	1,887,011	$135.5M	<0.01%	-23.4%
16	AMERICAN CENTURY COMPANIES#16 · 1,716,097 sh	1,716,097	$123.2M	0.05%	+29.3%
17	BANK OF AMERICA#17 · 1,603,022 sh	1,603,022	$115.1M	<0.01%	-11.7%
18	TSG Consumer Partners#18 · 1,587,292 sh	1,587,292	$114.0M	100.00%	-30.4%
19	MARSHALL WACE, LLP#19 · 1,459,562 sh	1,459,562	$104.8M	0.08%	-43.7%
20	JOHO CAPITAL#20 · 1,418,394 sh	1,418,394	$101.9M	22.12%	0.0%
21	DIMENSIONAL FUND ADVISORS#21 · 1,259,865 sh	1,259,865	$90.5M	0.02%	+4.6%
22	CHARLES SCHWAB INVESTMENT MANAGEMENT#22 · 1,206,398 sh	1,206,398	$86.6M	0.01%	-0.5%
23	JANE STREET GROUP#23 · 1,186,470 sh	1,186,470	$85.2M	<0.01%	+391.1%
24	UBS Group AG#24 · 1,135,138 sh	1,135,138	$81.5M	0.01%	-71.8%
25	DRIEHAUS CAPITAL MANAGEMENT#25 · 1,109,974 sh	1,109,974	$79.7M	0.46%	New
26	AMERIPRISE FINANCIAL#26 · 1,092,220 sh	1,092,220	$78.4M	0.02%	-19.7%
27	Bank of New York Mellon#27 · 1,083,514 sh	1,083,514	$77.8M	0.01%	+3.7%
28	VOYA INVESTMENT MANAGEMENT#28 · 1,072,578 sh	1,072,578	$77.0M	0.07%	-1.9%
29	WASATCH ADVISORS#29 · 1,038,903 sh	1,038,903	$74.6M	—	+17.8%
30	NORGES BANK#30 · 1,027,033 sh	1,027,033	$73.8M	<0.01%	—
31	NOMURA ASSET MANAGEMENT INTERNATIONAL#31 · 999,925 sh	999,925	$71.8M	0.11%	-2.1%
32	NORTHERN#32 · 963,042 sh	963,042	$69.2M	<0.01%	-1.0%
33	Stephens Investment Management Group#33 · 934,504 sh	934,504	$67.1M	0.72%	+180.6%
34	Squarepoint Ops#34 · 881,257 sh	881,257	$63.3M	0.07%	-5.8%
35	RAYMOND JAMES FINANCIAL#35 · 874,086 sh	874,086	$62.8M	0.02%	-10.9%
36	Clearbridge Investments#36 · 871,582 sh	871,582	$62.6M	0.05%	+1.4%
37	VANGUARD FIDUCIARY#37 · 829,201 sh	829,201	$59.5M	0.01%	+2.8%
38	CANADA PENSION PLAN INVESTMENT BOARD#38 · 664,039 sh	664,039	$47.7M	0.03%	-11.7%
39	OBERWEIS ASSET MANAGEMENT#39 · 656,093 sh	656,093	$47.1M	0.97%	+9.6%
40	CONGRESS ASSET MANAGEMENT#40 · 648,457 sh	648,457	$46.6M	—	+198.7%
41	Danica Pension, Livsforsikringsaktieselskab#41 · 618,516 sh	618,516	$44.4M	0.71%	-6.7%
42	Hyperion Asset Management Ltd#42 · 598,044 sh	598,044	$42.9M	—	New
43	LPL Financial#43 · 596,446 sh	596,446	$42.8M	<0.01%	+3.7%
44	Freestone Grove Partners#44 · 579,389 sh	579,389	$41.6M	0.27%	-61.5%
45	Invesco Ltd.#45 · 528,431 sh	528,431	$37.9M	<0.01%	-69.0%
46	Baird Financial Group#46 · 524,569 sh	524,569	$37.7M	0.05%	+7.4%
47	ROYAL BANK OF CANADA#47 · 503,315 sh	503,315	$36.1M	<0.01%	+13.7%
48	FEDERATED HERMES#48 · 492,783 sh	492,783	$35.4M	0.05%	-19.2%
49	Allspring Global Investments#49 · 481,250 sh	481,250	$35.3M	0.05%	-37.6%
50	HRT FINANCIAL#50 · 449,137 sh	449,137	$30.1M	0.08%	+1072.7%
51	BNP PARIBAS FINANCIAL MARKETS#51 · 379,740 sh	379,740	$27.3M	<0.01%	+128.3%
52	JENNISON ASSOCIATES#52 · 360,198 sh	360,198	$25.9M	0.02%	-3.5%
53	WELLS FARGO & COMPANY#53 · 341,153 sh	341,153	$24.5M	<0.01%	+86.3%
54	RHUMBLINE ADVISERS#54 · 336,354 sh	336,354	$24.2M	0.02%	-2.6%
55	PRINCIPAL FINANCIAL GROUP#55 · 332,868 sh	332,868	$23.9M	0.01%	+16.6%
56	Point72 Asset Management, L.P.#56 · 328,545 sh	328,545	$23.6M	0.03%	-88.2%
57	RIVERBRIDGE PARTNERS#57 · 317,628 sh	317,628	$22.8M	0.64%	-37.9%
58	SUSQUEHANNA INTERNATIONAL GROUP, LLP#58 · 314,492 sh	314,492	$22.6M	<0.01%	-32.1%
59	Nuveen#59 · 307,157 sh	307,157	$22.1M	<0.01%	+1.1%
60	Trexquant Investment#60 · 280,437 sh	280,437	$20.1M	0.12%	+2632.2%
61	WHITTIER#61 · 285,721 sh	285,721	$19.5M	0.19%	+27.4%
62	SEI INVESTMENTS#62 · 260,489 sh	260,489	$18.7M	0.02%	-14.7%
63	JPMORGAN CHASE#63 · 253,036 sh	253,036	$18.6M	<0.01%	-18.5%
64	Swiss National Bank#64 · 255,400 sh	255,400	$18.3M	<0.01%	+1.6%
65	Shellback Capital#65 · 247,000 sh	247,000	$17.7M	1.55%	-28.8%
66	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#66 · 246,559 sh	246,559	$17.7M	<0.01%	-5.4%
67	Crestwood Capital Management, L.P.#67 · 234,569 sh	234,569	$16.8M	11.03%	-25.6%
68	MASSACHUSETTS FINANCIAL SERVICES#68 · 233,181 sh	233,181	$16.7M	<0.01%	-67.9%
69	DEUTSCHE BANK AG\#69 · 231,399 sh	231,399	$16.6M	<0.01%	+1983.2%
70	SILVERCREST ASSET MANAGEMENT GROUP#70 · 213,035 sh	213,035	$15.3M	0.10%	+25.6%
71	NEXT CENTURY GROWTH INVESTORS#71 · 203,529 sh	203,529	$14.6M	0.78%	-38.8%
72	OSTERWEIS CAPITAL MANAGEMENT#72 · 201,610 sh	201,610	$14.5M	0.68%	New
73	KEYSTONE INVESTORS PTE LTD#73 · 197,848 sh	197,848	$14.2M	0.76%	—
74	TD ASSET MANAGEMENT#74 · 197,164 sh	197,164	$14.2M	0.01%	-0.8%
75	OSAIC#75 · 195,146 sh	195,146	$14.0M	0.02%	+72.8%
76	Impax Asset Management Group plc#76 · 195,000 sh	195,000	$14.0M	0.09%	+44.4%
77	Concurrent Investment Advisors#77 · 183,322 sh	183,322	$13.2M	—	-5.8%
78	Jump Financial#78 · 176,981 sh	176,981	$12.7M	0.10%	New
79	CIBC Bancorp USA#79 · 272,061 sh	272,061	$12.4M	0.02%	New
80	Granite Investment Partners#80 · 172,303 sh	172,303	$12.4M	0.63%	+38.0%
81	Legal & General Group Plc#81 · 166,338 sh	166,338	$11.9M	<0.01%	-1.3%
82	Interval Partners#82 · 164,725 sh	164,725	$11.8M	0.30%	-49.5%
83	Mitsubishi UFJ & Banking#83 · 164,424 sh	164,424	$11.8M	0.03%	-7.9%
84	Russell Investments Group, Ltd.#84 · 156,706 sh	156,706	$11.3M	<0.01%	+27.6%
85	BROWN BROTHERS HARRIMAN#85 · 155,362 sh	155,362	$11.2M	0.05%	-6.0%
86	CULLEN/FROST BANKERS#86 · 153,973 sh	153,973	$11.1M	0.11%	+5.7%
87	Neuberger Berman Group#87 · 152,819 sh	152,819	$11.0M	<0.01%	+6.8%
88	STIFEL FINANCIAL#88 · 151,108 sh	151,108	$10.9M	<0.01%	-5.5%
89	ASHFORD CAPITAL MANAGEMENT#89 · 150,700 sh	150,700	$10.8M	1.16%	-5.4%
90	Cetera Investment Advisers#90 · 145,990 sh	145,990	$10.5M	<0.01%	+6.4%
91	Aquatic Capital Management#91 · 140,765 sh	140,765	$10.1M	0.35%	New
92	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM#92 · 139,176 sh	139,176	$10.0M	<0.01%	-12.1%
93	Mediolanum International Funds Ltd#93 · 138,116 sh	138,116	$9.9M	0.08%	New
94	VICTORY CAPITAL MANAGEMENT#94 · 136,865 sh	136,865	$9.8M	<0.01%	+10.6%
95	ENVESTNET ASSET MANAGEMENT#95 · 135,431 sh	135,431	$9.7M	<0.01%	+19.8%
96	WHITTIER OF NEVADA#96 · 143,025 sh	143,025	$9.5M	0.18%	+27.5%
97	Retirement Systems of Alabama#97 · 131,965 sh	131,965	$9.5M	0.03%	-15.3%
98	BALYASNY ASSET MANAGEMENT L.P.#98 · 130,029 sh	130,029	$9.3M	0.01%	-91.0%
99	VANGUARD ASSET MANAGEMENT, Ltd#99 · 120,282 sh	120,282	$8.6M	<0.01%	+7.2%
100	Universal- Beteiligungs- und Servicegesellschaft mbH#100 · 117,660 sh	117,660	$8.4M	0.01%	+208.6%

Funds that sold out of BROS in Q2 2026 (61)

Held BROS at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held BROS in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
MANE GLOBAL CAPITAL MANAGEMENT750,890 sh	750,890	$38.0M
Holocene Advisors583,237 sh	583,237	$29.5M
Delta Global Management265,781 sh	265,781	$13.5M
PANAGORA ASSET MANAGEMENT76,223 sh	76,223	$3.9M
B. Riley Wealth Advisors73,491 sh	73,491	$3.5M
NOMURA64,025 sh	64,025	$3.2M
PensionDanmark Pensionsforsikringsaktieselskab57,563 sh	57,563	$2.9M
Paloma Partners Management42,000 sh	42,000	$2.1M
XTX Topco Ltd41,778 sh	41,778	$2.1M
Night Squared39,467 sh	39,467	$2.0M
Polar Asset Management Partners30,829 sh	30,829	$1.6M
Dynamic Technology Lab Private Ltd20,811 sh	20,811	$1.1M
TWIN CAPITAL MANAGEMENT18,506 sh	18,506	$937.5K
ING GROEP NV18,200 sh	18,200	$922.0K
TORONTO DOMINION BANK17,548 sh	17,548	$889.0K
Twin Tree Management15,720 sh	15,720	$796.4K
IMC-Chicago15,297 sh	15,297	$774.9K
Havemeyer Place14,186 sh	14,186	$718.7K
GFS Advisors1,200 sh	1,200	$686.5K
AIGEN INVESTMENT MANAGEMENT13,407 sh	13,407	$679.2K
Capstone Capital Management Ltd11,594 sh	11,594	$587.4K
Yorktown Management & Research10,300 sh	10,300	$521.8K
Pinnacle Financial Partners9,133 sh	9,133	$462.7K
Mariner8,263 sh	8,263	$418.6K
Dynasty Wealth Management7,262 sh	7,262	$367.9K
BEESE FULMER INVESTMENT MANAGEMENT5,943 sh	5,943	$301.1K
Jaffetilchin Investment Partners5,511 sh	5,511	$279.2K
BANK OF NOVA SCOTIA5,018 sh	5,018	$254.2K
MIRABELLA FINANCIAL SERVICES LLP4,804 sh	4,804	$243.4K
Urban Wealth Management4,684 sh	4,684	$237.3K
SIG BROKERAGE4,665 sh	4,665	$236.3K
EP Wealth Advisors4,484 sh	4,484	$227.2K
Machina Capital S.A.S.4,439 sh	4,439	$224.9K
PRAXIS INVESTMENT MANAGEMENT4,395 sh	4,395	$223.0K
SummitTX Capital, L.P.4,234 sh	4,234	$214.5K
Bayforest Capital Ltd3,802 sh	3,802	$192.6K
Advisory Services Network2,930 sh	2,930	$148.4K
AdvisorShares Investments1,202 sh	1,202	$60.9K
Opal Wealth Advisors1,060 sh	1,060	$53.7K
State of Wyoming992 sh	992	$50.3K
Migdal Insurance & Financial Ltd.615 sh	615	$31.2K
Innovative Asset Advisors Group449 sh	449	$22.7K
CITY HOLDING400 sh	400	$20.3K
WFA of San Diego300 sh	300	$15.2K
Aster Capital Management (DIFC) Ltd195 sh	195	$12.0K
Coston, McIsaac & Partners174 sh	174	$8.0K
Vermillion Wealth Management106 sh	106	$5.4K
Root Financial Partners104 sh	104	$5.3K
Golden State Equity Partners103 sh	103	$5.2K
Bangor Savings Bank100 sh	100	$5.1K
Legacy Wealth Managment80 sh	80	$4.1K
Strategic Wealth Advisors93 sh	93	$4.0K
GILL CAPITAL PARTNERS11 sh	11	$557.00
Basecamp Wealth Advisors10 sh	10	$507.00
Sound Income Strategies9 sh	9	$455.00
CENTRAL7 sh	7	$355.00
TWIN PEAKS WEALTH ADVISORS6 sh	6	$304.00
ROTHSCHILD INVESTMENT5 sh	5	$253.00
First Pacific Financial3 sh	3	$152.00
Golden State Wealth Management2 sh	2	$101.00
Global Wealth Strategies & Associates1 sh	1	$51.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.