DaveManuel.com · Institutional Ownership · Who Owns It
DUTCH BROS INC (BROS)
Institutional ownership reported to the SEC as of Q2 2026, across 21 quarters.
566
Reporting holders
$9.7B
Reported value
2.3%
Calls
1.2%
Puts
+49
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| FMR LLC | $1.2B | 16,724,132 | 0.05% | 20q | +74.8%+$514.0M |
| BlackRock, Inc. | $1.1B | 14,662,985 | 0.02% | 8q | +5.7%+$56.4M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $688.9M | 9,593,935 | 0.07% | 14q | +25.7%+$140.9M |
| VANGUARD CAPITAL MANAGEMENT LLC | $435.6M | 6,066,585 | 0.01% | 2q | +6.6%+$27.0M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $426.4M | 5,938,536 | 0.02% | 2q | +8.5%+$33.5M |
| T. Rowe Price Investment Management, Inc. | $306.3M | 4,265,542 | 0.20% | 16q | -7.9%-$26.2M |
| STATE STREET CORP | $276.6M | 3,851,321 | 0.01% | 19q | +1.9%+$5.2M |
| WELLINGTON MANAGEMENT GROUP LLP | $222.0M | 3,090,882 | 0.04% | 9q | +38.0%+$61.1M |
| CITADEL ADVISORS LLC | $215.1M incl. $56.4M options CALL+PUT | 2,210,958 | 0.02% | 20q | +10.2%+$19.8M |
| BAILLIE GIFFORD & CO | $196.7M | 2,738,885 | 0.18% | 8q | -8.5%-$18.3M |
| GEODE CAPITAL MANAGEMENT, LLC | $178.4M | 2,483,555 | 0.01% | 19q | -1.8%-$3.3M |
| JANE STREET GROUP, LLC | $171.3M incl. $86.1M options CALL+PUT | 1,186,470 | 0.01% | 20q | +391.1%+$136.4M |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $156.8M | 2,184,001 | 0.51% | 3q | -5.6%-$9.3M |
| 1832 Asset Management L.P. | $144.5M | 2,011,800 | 0.07% | 9q | +95.3%+$70.5M |
| GOLDMAN SACHS GROUP INC | $142.9M | 1,990,163 | 0.01% | 20q | +17.7%+$21.5M |
| MORGAN STANLEY | $135.5M | 1,887,011 | 0.01% | 20q | -23.4%-$41.4M |
| AMERICAN CENTURY COMPANIES INC | $123.2M | 1,716,097 | 0.05% | 20q | +29.3%+$27.9M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $116.7M incl. $94.2M options CALL+PUT | 314,492 | 0.01% | 20q | -32.1%-$55.2M |
| BANK OF AMERICA CORP /DE/ | $115.1M | 1,603,022 | 0.01% | 20q | -11.7%-$15.2M |
| TSG Consumer Partners LP | $114.0M | 1,587,292 | 100.00% | 19q | -30.4%-$49.7M |
| MARSHALL WACE, LLP | $104.8M | 1,459,562 | 0.08% | 13q | -43.7%-$81.5M |
| JOHO CAPITAL LLC | $101.9M | 1,418,394 | 22.12% | 12q | HELD |
| DIMENSIONAL FUND ADVISORS LP | $90.5M | 1,259,865 | 0.02% | 16q | +4.6%+$4.0M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $86.6M | 1,206,398 | 0.01% | 19q | HELD |
| UBS Group AG | $81.5M | 1,135,138 | 0.01% | 20q | -71.8%-$207.6M |
| Driehaus Capital Management LLC | $79.7M | 1,109,974 | 0.46% | new | NEW |
| AMERIPRISE FINANCIAL INC | $78.4M | 1,092,220 | 0.02% | 19q | -19.7%-$19.3M |
| Bank of New York Mellon Corp | $77.8M | 1,083,514 | 0.01% | 20q | +3.7%+$2.8M |
| VOYA INVESTMENT MANAGEMENT LLC | $77.0M | 1,072,578 | 0.07% | 10q | -1.9%-$1.5M |
| WASATCH ADVISORS LP | $74.6M | 1,038,903 | 0.49% | 10q | +17.8%+$11.3M |
| NORGES BANK | $73.8M | 1,027,033 | 0.01% | 10q | -35.1%-$40.0M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $71.8M | 999,925 | 0.11% | 3q | -2.1%-$1.5M |
| Squarepoint Ops LLC | $71.3M incl. $8.0M options CALL+PUT | 881,257 | 0.08% | 14q | -5.8%-$4.4M |
| NORTHERN TRUST CORP | $69.2M | 963,042 | 0.01% | 19q | -1.0%-$678.4K |
| Stephens Investment Management Group LLC | $67.1M | 934,504 | 0.72% | 5q | +180.6%+$43.2M |
| RAYMOND JAMES FINANCIAL INC | $62.8M | 874,086 | 0.02% | 7q | -10.9%-$7.7M |
| Clearbridge Investments, LLC | $62.6M | 871,582 | 0.05% | 20q | +1.4%+$873.7K |
| VANGUARD FIDUCIARY TRUST CO | $59.5M | 829,201 | 0.01% | 2q | +2.8%+$1.6M |
| CANADA PENSION PLAN INVESTMENT BOARD | $47.7M | 664,039 | 0.03% | 10q | -11.7%-$6.3M |
| OBERWEIS ASSET MANAGEMENT INC/ | $47.1M | 656,093 | 0.97% | 9q | +9.6%+$4.1M |
| CONGRESS ASSET MANAGEMENT CO | $46.6M | 648,457 | 0.29% | 4q | +198.7%+$31.0M |
| Danica Pension, Livsforsikringsaktieselskab | $44.4M | 618,516 | 0.71% | 2q | -6.7%-$3.2M |
| Hyperion Asset Management Ltd | $42.9M | 598,044 | 1.14% | new | NEW |
| LPL Financial LLC | $42.8M | 596,446 | 0.01% | 17q | +3.7%+$1.5M |
| Freestone Grove Partners LP | $41.6M | 579,389 | 0.27% | 4q | -61.5%-$66.4M |
| Invesco Ltd. | $37.9M | 528,431 | 0.00% | 9q | -69.0%-$84.6M |
| Baird Financial Group, Inc. | $37.7M | 524,569 | 0.05% | 20q | +7.4%+$2.6M |
| ROYAL BANK OF CANADA | $36.1M | 503,315 | 0.01% | 20q | +13.7%+$4.4M |
| FEDERATED HERMES, INC. | $35.4M | 492,783 | 0.05% | 20q | -19.2%-$8.4M |
| Allspring Global Investments Holdings, LLC | $35.3M | 481,250 | 0.05% | 12q | -37.6%-$21.3M |
| HRT FINANCIAL LP | $32.3M incl. $2.2M options OPT | 449,137 | 0.06% | new | NEW |
| IMC-Chicago, LLC | $31.2M CALL+PUT | options only | 0.01% | 10q | OPTIONS |
| BNP PARIBAS FINANCIAL MARKETS | $27.3M | 379,740 | 0.01% | 7q | +128.3%+$15.3M |
| Point72 Asset Management, L.P. | $27.1M incl. $3.5M options CALL+PUT | 328,545 | 0.03% | 3q | -88.2%-$201.8M |
| JENNISON ASSOCIATES LLC | $25.9M | 360,198 | 0.02% | 5q | -3.5%-$932.8K |
| WELLS FARGO & COMPANY/MN | $24.5M | 341,153 | 0.00% | 20q | +86.3%+$11.3M |
| Walleye Trading LLC | $24.4M incl. $21.9M options CALL+PUT | 35,064 | 0.03% | 19q | +517.8%+$20.4M |
| RHUMBLINE ADVISERS | $24.2M | 336,354 | 0.02% | 13q | -2.6%-$649.7K |
| PRINCIPAL FINANCIAL GROUP INC | $23.9M | 332,868 | 0.01% | 2q | +16.6%+$3.4M |
| RIVERBRIDGE PARTNERS LLC | $22.8M | 317,628 | 0.64% | 4q | -37.9%-$13.9M |
| Nuveen, LLC | $22.1M | 307,157 | 0.01% | 6q | +1.1%+$236.9K |
| Trexquant Investment LP | $20.1M | 280,437 | 0.12% | 4q | +2632.2%+$19.4M |
| WHITTIER TRUST CO | $19.5M | 285,721 | 0.19% | 6q | +27.4%+$4.2M |
| SEI INVESTMENTS CO | $18.7M | 260,489 | 0.02% | 12q | -14.7%-$3.2M |
| JPMORGAN CHASE & CO | $18.6M | 253,036 | 0.00% | 19q | -18.5%-$4.2M |
| Swiss National Bank | $18.3M | 255,400 | 0.01% | 17q | +1.6%+$287.2K |
| Shellback Capital, LP | $17.7M | 247,000 | 1.55% | 3q | -28.8%-$7.2M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $17.7M | 246,559 | 0.00% | 18q | -5.4%-$1.0M |
| Crestwood Capital Management, L.P. | $16.8M | 234,569 | 11.03% | 12q | -25.6%-$5.8M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $16.7M | 233,181 | 0.01% | 2q | -67.9%-$35.5M |
| DEUTSCHE BANK AG\ | $16.6M | 231,399 | 0.00% | 15q | +1983.2%+$15.8M |
| Interval Partners, LP | $16.6M incl. $4.7M options CALL | 164,725 | 0.43% | 3q | -49.5%-$16.2M |
| Pembroke Management, LTD | $16.5M | 229,500 | 1.17% | 3q | +325.2%+$12.6M |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $15.3M | 213,035 | 0.10% | 9q | +25.6%+$3.1M |
| NEXT CENTURY GROWTH INVESTORS LLC | $14.6M | 203,529 | 0.78% | 9q | -38.8%-$9.3M |
| OSTERWEIS CAPITAL MANAGEMENT INC | $14.5M | 201,610 | 0.68% | new | NEW |
| KEYSTONE INVESTORS PTE LTD | $14.2M | 197,848 | 0.76% | 3q | +5426.5%+$14.0M |
| TD Asset Management Inc | $14.2M | 197,164 | 0.01% | 20q | -0.8%-$117.5K |
| OSAIC HOLDINGS, INC. | $14.0M incl. $3.1K options CALL | 195,146 | 0.02% | 20q | +72.8%+$5.9M |
| Impax Asset Management Group plc | $14.0M | 195,000 | 0.09% | 2q | +44.4%+$4.3M |
| GROUP ONE TRADING LLC | $13.3M incl. $9.7M options CALL+PUT | 50,127 | 0.02% | 20q | +224.7%+$9.2M |
| Concurrent Investment Advisors, LLC | $13.2M | 183,322 | 0.11% | 11q | -5.8%-$814.3K |
| Jump Financial, LLC | $12.7M | 176,981 | 0.10% | new | NEW |
| CIBC Bancorp USA Inc. | $12.4M | 272,061 | 0.02% | new | NEW |
| Granite Investment Partners, LLC | $12.4M | 172,303 | 0.63% | 10q | +38.0%+$3.4M |
| Legal & General Group Plc | $11.9M | 166,338 | 0.00% | 17q | -1.3%-$157.3K |
| Mitsubishi UFJ Trust & Banking Corp | $11.8M | 164,424 | 0.03% | 8q | -7.9%-$1.0M |
| Russell Investments Group, Ltd. | $11.3M | 156,706 | 0.01% | 9q | +27.6%+$2.4M |
| BROWN BROTHERS HARRIMAN & CO | $11.2M | 155,362 | 0.05% | 6q | -6.0%-$714.2K |
| Cullen/Frost Bankers, Inc. | $11.1M | 153,973 | 0.11% | 3q | +5.7%+$598.8K |
| NEUBERGER BERMAN GROUP LLC | $11.0M | 152,819 | 0.01% | 15q | +6.8%+$699.2K |
| STIFEL FINANCIAL CORP | $10.9M | 151,108 | 0.01% | 19q | -5.5%-$630.5K |
| ASHFORD CAPITAL MANAGEMENT INC | $10.8M | 150,700 | 1.16% | 4q | -5.4%-$612.5K |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $10.6M | 147,060 | 0.01% | 17q | HELD |
| Cetera Investment Advisers | $10.5M | 145,990 | 0.01% | 20q | +6.4%+$633.7K |
| Aquatic Capital Management LLC | $10.1M | 140,765 | 0.35% | new | NEW |
| Balyasny Asset Management L.P. | $10.0M incl. $667.8K options PUT | 130,029 | 0.01% | 6q | -91.0%-$101.8M |
| California Public Employees Retirement System | $10.0M | 139,176 | 0.01% | 6q | -12.1%-$1.4M |
| Mediolanum International Funds Ltd | $9.9M | 138,116 | 0.08% | new | NEW |
| VICTORY CAPITAL MANAGEMENT INC | $9.8M | 136,865 | 0.01% | 12q | +10.6%+$942.7K |
Showing the largest 100 of 566 reported holders.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-10 | Barone Christine | CEO and President | Sold | 42,031 | $2.5M |
| 2026-08-13 | Penegor Todd Allan | Director | Bought | 2,000 | $103.1K |
| 2026-05-15 | Penegor Todd Allan | Director | Bought | 2,000 | $102.3K |
Ten percent owners and entities
Usually an institution that crossed a reporting threshold, or a company taking a strategic stake, rather than an individual with a view.
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-06-11 | Boersma Travis | Executive Chairman of Board | Sold | 750,000 | $47.3M ×6 |
| 2026-06-10 | Boersma Travis | Executive Chairman of Board | Sold | 749,999 | $45.3M ×4 |
| 2026-06-11 | DM Trust Aggregator, LLC | 10% owner | Sold | 488,945 | $30.8M ×3 |
| 2026-05-27 | Boersma Travis | Executive Chairman of Board | Sold | 544,872 | $30.6M ×2 |
| 2026-06-10 | DM Trust Aggregator, LLC | 10% owner | Sold | 488,945 | $29.5M ×2 |
| 2026-06-01 | Boersma Travis | Executive Chairman of Board | Sold | 447,299 | $26.1M ×2 |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 141 | $238.2M | 6,162,927 | 22 | 48 | 36 | 0.0% |
| Q2 2026 | 566 | $9.7B | 130,669,603 | 110 | 173 | 164 | 3.6% |
| Q1 2026 | 517 | $7.0B | 132,004,414 | 89 | 197 | 121 | 4.9% |
| Q4 2025 | 514 | $7.7B | 120,242,437 | 102 | 171 | 135 | 5.0% |
| Q3 2025 | 454 | $6.4B | 117,289,509 | 59 | 185 | 128 | 4.9% |
| Q2 2025 | 499 | $7.7B | 106,430,324 | 88 | 184 | 140 | 5.2% |
| Q1 2025 | 474 | $6.8B | 101,839,413 | 113 | 164 | 128 | 7.4% |
| Q4 2024 | 406 | $5.5B | 101,196,138 | 82 | 107 | 136 | 3.8% |
| Q3 2024 | 348 | $3.5B | 103,475,520 | 67 | 135 | 86 | 4.1% |
| Q2 2024 | 344 | $4.3B | 99,996,598 | 107 | 116 | 61 | 3.7% |
| Q1 2024 | 274 | $3.2B | 94,775,776 | 76 | 99 | 54 | 3.3% |
| Q4 2023 | 237 | $3.1B | 91,610,191 | 62 | 84 | 46 | 5.0% |
| Q3 2023 | 199 | $2.2B | 89,204,408 | 36 | 70 | 40 | 5.1% |
| Q2 2023 | 196 | $2.2B | 72,431,740 | 29 | 63 | 46 | 5.4% |
| Q1 2023 | 191 | $2.7B | 81,213,979 | 32 | 59 | 48 | 6.4% |
| Q4 2022 | 192 | $2.2B | 74,454,724 | 32 | 53 | 55 | 3.9% |
| Q3 2022 | 189 | $2.7B | 82,672,366 | 26 | 59 | 53 | 4.2% |
| Q2 2022 | 187 | $2.7B | 83,193,305 | 55 | 67 | 41 | 4.1% |
| Q1 2022 | 197 | $5.2B | 91,228,202 | 80 | 66 | 32 | 3.5% |
| Q4 2021 | 153 | $4.7B | 89,346,624 | 62 | 49 | 21 | 2.3% |
| Q3 2021 | 121 | $768.6M | 17,213,017 | 123 | 0 | 0 | 3.0% |