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
114,397,289
Total reported value
$5,982,640,776
% of total 13F portfolios
0.02%
Share change
+8,056,489
Value change
+$360,960,576
Number of holders
443
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% $373,709,111 6,486,879 FMR LLC 31 Dec 2024
BAILLIE GIFFORD & CO 3.3% -48% $218,957,405 -$184,764,027 3,800,684 -46% BAILLIE GIFFORD & CO 31 Mar 2025

As of 30 Sep 2025, 443 institutional investors reported holding 114,397,289 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 2,174,157 $133,901,554 -$6,249,849 $61.22 59
2025 Q3 114,397,289 $5,982,640,776 +$360,960,576 $52.34 443
2025 Q2 105,804,218 $7,230,623,773 +$408,008,320 $68.37 487
2025 Q1 100,327,789 $6,190,626,539 -$107,858,051 $61.74 461
2024 Q4 100,870,730 $5,288,058,363 -$35,483,430 $52.38 391
2024 Q3 100,551,119 $3,220,789,261 +$12,828,846 $32.03 339
2024 Q2 98,034,415 $4,059,142,809 +$236,713,281 $41.40 335
2024 Q1 92,324,312 $3,046,602,189 +$33,875,892 $33.00 267
2023 Q4 156,463 $4,955,184 +$4,201,659 $31.67 3
2023 Q3 89,113,179 $2,072,016,552 +$384,113,110 $23.25 185
2023 Q2 72,403,511 $2,060,029,688 -$60,817,194 $28.45 180
2023 Q1 74,334,063 $2,351,169,029 -$1,466,719 $31.63 178
2022 Q4 74,418,785 $2,097,855,444 +$7,465,186 $28.19 176
2022 Q3 74,026,152 $2,306,045,610 -$47,612,298 $31.15 182
2022 Q2 74,684,613 $2,363,900,572 -$254,304,146 $31.65 174
2022 Q1 80,036,252 $4,423,149,724 -$128,361,760 $55.27 185
2021 Q4 82,443,893 $4,196,693,059 +$88,194,252 $50.91 148
2021 Q3 16,654,155 $721,668,328 +$716,935,256 $43.32 114