Dutch Bros Inc.: which funds bought and sold
Institutions that bought and sold Dutch Bros shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 279 institutions that filed 13F reports for both quarters added to or opened positions in Dutch Bros, and 225 cut or closed them. Together they sold a net 2.6M shares, −1.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 149K shares (−0.3%); index fund managers were net buyers of 1.7M shares (+4.8%). 105 opened a new position and 61 sold out entirely.
Bought, Q2 2026 279 institutions, 105 of them new holders Sold, Q2 2026 225 institutions, 61 of them sold out
Net change, all compared −2.6M shares (−1.9%)
Net change, active managers −149K shares (−0.3%), 32 bought, 33 sold
Buyers versus sellers
279 bought 97 225 sold
Active managers and hedge funds 32 bought · 33 sold · −149K
Index fund managers 6 bought · 5 sold · +1.7M
Other institutions 241 bought · 187 sold · −4.1M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| FMR LLC Active manager | +7.2M +74.8% | 16.7M | $1.2B |
| Price T Rowe Associates Inc Active manager | +2.0M +25.7% | 9.6M | $689M |
| Driehaus Capital Management LLC Active manager | +1.1M New position | 1.1M | $79.7M |
| 1832 Asset Management L.P. | +982K +95.3% | 2.0M | $144M |
| Jane Street Group, LLC | +945K +391.1% | 1.2M | $85.2M |
| Wellington Management Group LLP Active manager | +851K +38.0% | 3.1M | $222M |
| Blackrock, Inc. Index funds | +785K +5.7% | 14.7M | $1.1B |
| Stephens Investment Management Group LLC | +601K +180.6% | 935K | $67.1M |
| Hyperion Asset Management Ltd | +598K New position | 598K | $42.9M |
| Vanguard Portfolio Management LLC Index funds | +466K +8.5% | 5.9M | $426M |
| Congress Asset Management Co Active manager | +431K +198.7% | 648K | $46.6M |
| HRT Financial LP | +419K New position | 419K | $30.1M |
| American Century Companies Inc Active manager | +389K +29.3% | 1.7M | $123M |
| Vanguard Capital Management LLC Index funds | +376K +6.6% | 6.1M | $436M |
| Goldman Sachs Group Inc | +299K +17.7% | 2.0M | $143M |
| CIBC Bancorp Usa Inc. | +272K New position | 272K | $12.4M |
| Trexquant Investment LP Hedge fund | +270K +2632.2% | 280K | $20.1M |
| Deutsche Bank Ag\ | +220K +1983.2% | 231K | $16.6M |
| BNP Paribas Financial Markets | +213K +128.3% | 380K | $27.3M |
| Citadel Advisors LLC Hedge fund | +204K +10.2% | 2.2M | $159M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| FMR LLC Active manager | +7.2M +74.8% | 16.7M | $1.2B |
| Price T Rowe Associates Inc Active manager | +2.0M +25.7% | 9.6M | $689M |
| Driehaus Capital Management LLC Active manager | +1.1M New position | 1.1M | $79.7M |
| Wellington Management Group LLP Active manager | +851K +38.0% | 3.1M | $222M |
| Congress Asset Management Co Active manager | +431K +198.7% | 648K | $46.6M |
| American Century Companies Inc Active manager | +389K +29.3% | 1.7M | $123M |
| Trexquant Investment LP Hedge fund | +270K +2632.2% | 280K | $20.1M |
| Citadel Advisors LLC Hedge fund | +204K +10.2% | 2.2M | $159M |
| Wasatch Advisors LP Active manager | +157K +17.8% | 1.0M | $74.6M |
| Tudor Investment Corp Et Al Hedge fund | +83K New position | 83K | $6M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Millennium Management LLC Hedge fund | −3.2M −97.6% | 77K | $5.6M |
| UBS Group AG | −2.9M −71.8% | 1.1M | $81.5M |
| Point72 Asset Management, L.P. Hedge fund | −2.4M −88.2% | 329K | $23.6M |
| Balyasny Asset Management L.P. Hedge fund | −1.3M −91.0% | 130K | $9.3M |
| Fuller & Thaler Asset Management, Inc. | −1.2M −99.7% | 3,396 | $243,880 |
| Invesco Ltd. | −1.2M −69.0% | 528K | $37.9M |
| Marshall Wace, LLP Hedge fund | −1.1M −43.7% | 1.5M | $105M |
| Woodline Partners LP Hedge fund | −1.1M −95.4% | 51K | $3.6M |
| Freestone Grove Partners LP Hedge fund | −925K −61.5% | 579K | $41.6M |
| Mane Global Capital Management LP | −751K Sold out | 0 | — |
| Citigroup Inc | −729K −89.5% | 86K | $6.2M |
| Tsg Consumer Partners LP | −693K −30.4% | 1.6M | $114M |
| Holocene Advisors, LP Hedge fund | −583K Sold out | 0 | — |
| Morgan Stanley | −577K −23.4% | 1.9M | $136M |
| Massachusetts Financial Services Co Active manager | −494K −67.9% | 233K | $16.7M |
| T. Rowe Price Investment Management, Inc. Active manager | −365K −7.9% | 4.3M | $306M |
| Allspring Global Investments Holdings, LLC | −290K −37.6% | 481K | $35.3M |
| Ameriprise Financial Inc | −269K −19.7% | 1.1M | $78.4M |
| Delta Global Management LP | −266K Sold out | 0 | — |
| Baillie Gifford & Co Active manager | −255K −8.5% | 2.7M | $197M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Millennium Management LLC Hedge fund | −3.2M −97.6% | 77K | $5.6M |
| Point72 Asset Management, L.P. Hedge fund | −2.4M −88.2% | 329K | $23.6M |
| Balyasny Asset Management L.P. Hedge fund | −1.3M −91.0% | 130K | $9.3M |
| Marshall Wace, LLP Hedge fund | −1.1M −43.7% | 1.5M | $105M |
| Woodline Partners LP Hedge fund | −1.1M −95.4% | 51K | $3.6M |
| Freestone Grove Partners LP Hedge fund | −925K −61.5% | 579K | $41.6M |
| Holocene Advisors, LP Hedge fund | −583K Sold out | 0 | — |
| Massachusetts Financial Services Co Active manager | −494K −67.9% | 233K | $16.7M |
| T. Rowe Price Investment Management, Inc. Active manager | −365K −7.9% | 4.3M | $306M |
| Baillie Gifford & Co Active manager | −255K −8.5% | 2.7M | $197M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Driehaus Capital Management LLCActive manager | 1.1M | $79.7M |
| Hyperion Asset Management Ltd | 598K | $42.9M |
| HRT Financial LP | 419K | $30.1M |
| Osterweis Capital Management Inc | 202K | $14.5M |
| Jump Financial, LLC | 177K | $12.7M |
| CIBC Bancorp Usa Inc. | 272K | $12.4M |
| Aquatic Capital Management LLC | 141K | $10.1M |
| Mediolanum International Funds Ltd | 138K | $9.9M |
| Australiansuper Pty Ltd | 104K | $7.4M |
| Tudor Investment Corp Et AlHedge fund | 83K | $6M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Mane Global Capital Management LP | 751K | $38M |
| Holocene Advisors, LPHedge fund | 583K | $29.5M |
| Delta Global Management LP | 266K | $13.5M |
| Panagora Asset Management IncActive manager | 76K | $3.9M |
| Taproot Management LP | 76K | $3.8M |
| B. Riley Wealth Advisors, Inc. | 73K | $3.5M |
| Nomura Holdings Inc | 64K | $3.2M |
| Pensiondanmark Pensionsforsikringsaktieselskab | 58K | $2.9M |
| Paloma Partners Management CoHedge fund | 42K | $2.1M |
| Xtx Topco Ltd | 42K | $2.1M |
Who holds the shares
- Institutions reporting
- 551
- Ten largest holders
- 53.2% of 13F-reported shares
- Index fund managers
- 27.8% of 13F-reported shares
- Active managers and hedge funds
- 41.1% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 32 | 33 | 13 | 4 | −149K | −0.3% |
| Index fund managers | 6 | 5 | 0 | 0 | +1.7M | +4.8% |
| Other institutions | 241 | 187 | 92 | 57 | −4.1M | −9.4% |