Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in BROS held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 13.9M | $703.1M | +89.8% | 10.935% | 0.01% |
| 2 | FMR LLC | 9.6M | $484.6M | +32.6% | 7.538% | 0.03% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 5.7M | $288.3M | — | 4.484% | 0.01% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.5M | $277.2M | — | 4.312% | 0.01% |
| 5 | UBS Group AG | 4.0M | $203.9M | +32.7% | 3.172% | 0.03% |
| 6 | STATE STREET CORP | 3.8M | $191.5M | +87.1% | 2.978% | 0.01% |
| 7 | MILLENNIUM MANAGEMENT LLC | 3.5M | $179.3M | — | 2.789% | 0.12% |
| 8 | BAILLIE GIFFORD & CO | 3.0M | $151.7M | -7.3% | 2.359% | 0.15% |
| 9 | Point72 Asset Management, L.P. | 2.8M | $142.2M | +102.4% | 2.212% | 0.20% |
| 10 | MARSHALL WACE, LLP | 2.6M | $131.4M | -16.3% | 2.044% | 0.14% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 2.5M | $128.2M | +11.7% | 1.994% | 0.01% |
| 12 | MORGAN STANLEY | 2.5M | $124.8M | +44.1% | 1.941% | 0.01% |
| 13 | WESTFIELD CAPITAL MANAGEMENT CO LP | 2.3M | $117.2M | +30.0% | 1.823% | 0.49% |
| 14 | TSG Consumer Partners LP | 2.3M | $115.5M | 0.0% | 1.796% | 100.00% |
| 15 | WELLINGTON MANAGEMENT GROUP LLP | 2.2M | $113.5M | +69.2% | 1.765% | 0.02% |
| 16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1.9M | $97.0M | +6.9% | 1.510% | 0.01% |
| 17 | BANK OF AMERICA CORP /DE/ | 1.8M | $91.9M | +33.4% | 1.430% | 0.01% |
| 18 | Invesco Ltd. | 1.7M | $86.5M | +26.9% | 1.345% | 0.01% |
| 19 | GOLDMAN SACHS GROUP INC | 1.7M | $85.7M | +30.7% | 1.333% | 0.01% |
| 20 | Freestone Grove Partners LP | 1.5M | $76.2M | +120.6% | 1.185% | 0.55% |
| 21 | JOHO CAPITAL LLC | 1.4M | $71.9M | 0.0% | 1.118% | 19.26% |
| 22 | AMERIPRISE FINANCIAL INC | 1.4M | $68.9M | +13.4% | 1.072% | 0.02% |
| 23 | AMERICAN CENTURY COMPANIES INC | 1.3M | $67.2M | +40.3% | 1.046% | 0.03% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.2M | $61.4M | +3.4% | 0.955% | 0.01% |
| 25 | DIMENSIONAL FUND ADVISORS LP | 1.2M | $61.0M | +3.2% | 0.949% | 0.01% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BROS — a direct measure of their conviction.
Filings activity in BROS during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 490 | 1.0% | 70.53% | 9.61 pp | $5.90B | 12% |
| Q4 2025 | 495 | +14% | 80.14% | +14.53 pp | $6.70B | +22% |
| Q3 2025 | 434 | 10.0% | 65.61% | 14.05 pp | $5.49B | 18% |
| Q2 2025 | 482 | +6.4% | 79.66% | +11.85 pp | $6.66B | +17% |
| Q1 2025 | 453 | +17% | 67.81% | +7.03 pp | $5.67B | +12% |
| Q4 2024 | 387 | +16% | 60.78% | +23.14 pp | $5.08B | +61% |
| Q3 2024 | 333 | +3.1% | 37.64% | 5.35 pp | $3.15B | 12% |
| Q2 2024 | 323 | — | 42.99% | — | $3.60B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying BROS stock.
Based on Q1 2026 13F filings, institutional ownership of Dutch Bros Inc. stands at 70.5%, held across 490 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of BROS, with approximately 13,878,127 shares worth $0.70B as of Q1 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of BROS, including MILLENNIUM MANAGEMENT LLC, Point72 Asset Management, L.P., SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for BROS is 47 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
101 institutions opened new positions in BROS during Q1 2026, while 106 fully exited. 106 added to existing positions and 280 trimmed.
BROS institutional ownership fell by 9.61 percentage points quarter-over-quarter, with a net change of -5 holders.
The top 10 institutions account for 46.7% of all reported 13F value in BROS, and the top 25 account for 69.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Dutch Bros Inc. (BROS) Institutional Ownership