Dutch Bros Inc. - Class A Common Stock, $0.00001 par value per share (BROS) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2021 to Q4 2025

Type / Class
Equity / Class A Common Stock, $0.00001 par value per share
Symbol
BROS on NYSE
Underlying class
Class A Common Stock
Underlying shares
1.0
Shares outstanding
175,522,834
Price per share
$61.22
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
114,394,154
Total reported value
$5,982,476,776
% of total 13F portfolios
0.02%
Share change
+8,056,489
Value change
+$360,960,646
Number of holders
442
Price from insider filings
$61.22
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Dutch Bros Inc. - Class A Common Stock, $0.00001 par value per share (BROS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Boersma Travis 29% -5% $2,655,004,022 -$130,850,000 50,726,099 -4.7% Travis Boersma 30 Sep 2025
FMR LLC 5.7% $399,072,809 6,486,879 FMR LLC 31 Dec 2024
BAILLIE GIFFORD & CO 3.3% -48% $233,818,080 -$197,303,991 3,800,684 -46% BAILLIE GIFFORD & CO 31 Mar 2025

As of 30 Sep 2025, 442 institutional investors reported holding 114,394,154 shares of Dutch Bros Inc. - Class A Common Stock, $0.00001 par value per share (BROS). This represents 65% of the company’s total 175,522,834 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Dutch Bros Inc. - Class A Common Stock, $0.00001 par value per share (BROS) together control 42% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 6.4% 11,241,352 -0.83% 0.01% $588,372,363
FMR LLC 4.2% 7,287,938 +0.55% 0.02% $381,450,648
BlackRock, Inc. 4% 6,996,034 +7.2% 0.01% $366,172,418
BAILLIE GIFFORD & CO 2% 3,497,067 -3.4% 0.14% $183,036,488
PRICE T ROWE ASSOCIATES INC /MD/ 2% 3,450,437 +1201% 0.02% $180,597,000
1832 Asset Management L.P. 1.6% 2,842,200 -8.5% 0.25% $148,760,748
MARSHALL WACE, LLP 1.5% 2,690,760 +7.2% 0.15% $140,834,379
Ninety One UK Ltd 1.5% 2,585,702 0.29% $135,335,645
Invesco Ltd. 1.4% 2,426,657 +4% 0.02% $127,011,222
CITADEL ADVISORS LLC 1.3% 2,285,303 +618% 0.1% $119,612,759
TSG Consumer Partners LP 1.3% 2,279,846 -2.9% 100% $119,327,140
UBS Group AG 1.3% 2,247,691 +34% 0.02% $117,644,146
GEODE CAPITAL MANAGEMENT, LLC 1.3% 2,225,734 +2.4% 0.01% $116,518,423
T. Rowe Price Investment Management, Inc. 1.2% 2,106,248 -7.6% 0.07% $110,242,000
MILLENNIUM MANAGEMENT LLC 1.2% 2,024,096 +54% 0.08% $105,941,185
STATE STREET CORP 1.1% 1,984,258 +0.29% 0% $103,856,064
Qube Research & Technologies Ltd 1.1% 1,943,641 +11% 0.14% $101,730,170
BANK OF AMERICA CORP /DE/ 1.1% 1,867,532 +18% 0.01% $97,746,626
Balyasny Asset Management L.P. 1% 1,817,201 +196% 0.19% $95,112,300
D. E. Shaw & Co., Inc. 0.97% 1,700,262 -60% 0.07% $88,991,713
Squarepoint Ops LLC 0.94% 1,649,106 +9.7% 0.18% $86,314,208
MORGAN STANLEY 0.89% 1,567,723 -20% 0% $82,054,668
RAYMOND JAMES FINANCIAL INC 0.83% 1,462,025 -8% 0.02% $76,522,387
JOHO CAPITAL LLC 0.81% 1,418,394 -19% 13% $74,238,742
BNP PARIBAS FINANCIAL MARKETS 0.8% 1,405,007 0% 0.06% $73,538,066

Institutional Holders of Dutch Bros Inc. - Class A Common Stock, $0.00001 par value per share (BROS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 628,847 $38,515,728 -$16,899,899 $61.22 19
2025 Q3 114,394,154 $5,982,476,776 +$360,960,646 $52.34 442
2025 Q2 105,804,218 $7,230,623,773 +$408,008,287 $68.37 487
2025 Q1 100,327,989 $6,190,639,147 -$107,858,483 $61.74 462
2024 Q4 101,066,879 $5,298,337,386 -$51,565,377 $52.38 392
2024 Q3 101,054,383 $3,236,909,128 +$34,182,963 $32.03 337
2024 Q2 98,050,872 $4,059,823,880 +$227,684,778 $41.40 329
2024 Q1 92,532,900 $3,053,486,092 +$48,339,201 $33.00 264
2023 Q4 91,170,014 $2,887,218,097 +$61,733,720 $31.67 230
2023 Q3 89,188,165 $2,073,759,977 +$387,018,057 $23.25 188
2023 Q2 72,403,715 $2,060,035,492 -$60,965,038 $28.45 181
2023 Q1 74,334,267 $2,351,175,395 +$2,970,568 $31.63 179
2022 Q4 74,418,989 $2,097,861,195 +$9,338,553 $28.19 177
2022 Q3 74,026,356 $2,306,051,965 -$48,443,179 $31.15 183
2022 Q2 74,710,760 $2,364,729,029 -$248,860,152 $31.65 176
2022 Q1 80,036,456 $4,423,160,999 -$130,875,389 $55.27 186
2021 Q4 82,444,097 $4,197,300,847 +$89,320,567 $50.91 149
2021 Q3 16,670,598 $722,175,920 +$722,012,920 $43.32 115