Dutch Bros Ownership | Who Owns Dutch Bros?

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Dutch Bros Ownership Summary

Dutch Bros is owned by 90.01% institutional investors, 3.32% insiders, and 6.67% retail investors. Vanguard group is the largest institutional shareholder, holding 8.89% of BROS shares. Vanguard Total Stock Mkt Idx Inv is the top mutual fund, with 2.99% of its assets in Dutch Bros shares.

BROS Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Dutch Bros	90.01%	3.32%	6.67%
Sector	Consumer Cyclical Stocks	42.53%	14.10%	43.38%
Industry	Restaurants Stocks	49.56%	11.47%	38.97%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	11.24M	8.89%	$588.37M
Fmr	7.29M	5.77%	$381.45M
Blackrock funding, inc. /de	7.00M	5.54%	$366.17M
D. e. shaw	5.12M	4.50%	$268.09M
Blackrock	3.73M	4.48%	$154.53M
Baillie gifford	3.50M	2.77%	$183.04B
Price t rowe associates inc /md/	3.45M	2.73%	$180.60M
1832 asset management	2.84M	2.25%	$148.76M
Marshall wace, llp	2.69M	2.13%	$140.83M
Ninety one uk	2.59M	2.05%	$135.34M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Tsg consumer partners lp	2.28M	100.00%	$119.33M
Joho capital	1.42M	13.19%	$74.24M
Crestwood capital management	310.38K	11.31%	$16.25M
Deepwater asset management	233.84K	4.87%	$12.24M
Aperture investors	445.71K	3.20%	$23.33M
Savoir faire capital management	112.78K	2.12%	$5.90M
Mane global capital management lp	873.13K	2.08%	$45.70M
Camelot technology advisors	42.03K	1.75%	$2.20M
Ims capital management	44.06K	1.41%	$3.01M
Taylor frigon capital management	47.47K	1.24%	$2.48M

Top Buyers

Holder	Shares	% Assets	Change
Price t rowe associates inc /md/	3.45M	0.02%	3.19M
Ninety one uk	2.59M	0.30%	2.59M
Blackrock	3.73M	0.00%	2.39M
Eagle asset management	1.28M	0.29%	1.28M
Millennium management	2.12M	0.07%	821.99K

Top Sellers

Holder	Shares	% Assets	Change
Davidson kempner capital management lp	-	-	-1.59M
Balyasny asset management	613.86K	0.06%	-1.54M
Driehaus capital management	743.79K	0.28%	-716.01K
Adage capital partners gp	-	-	-705.95K
Hood river capital management	-	-	-633.11K

New Positions

Holder	Shares	% Assets	Change	Value
Ninety one uk	2.59M	0.30%	2.59M	$135.34M
Eagle asset management	1.28M	0.29%	1.28M	$53.51M
Freestone grove partners lp	590.77K	0.23%	590.77K	$30.92M
Riverbridge partners	382.86K	0.34%	382.86K	$20.04M
Norges bank	329.63K	0.00%	329.63K	$17.27M

Sold Out

Holder	Change
Umb bank, n.a.	-2.00
Ashton thomas private wealth	-7.00
Global financial private client	-7.00
Bell investment advisors	-8.00
Cva family office	-8.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Sep 30, 2025	457	-11.43%	113,769,117	17.01%	90	1.52%	243	-10.99%	120	-16.08%
Jun 30, 2025	524	3.35%	105,955,503	5.61%	83	1.22%	275	-2.14%	146	10.61%
Mar 31, 2025	7	-98.35%	1,820,250	-98.20%	1	0.02%	5	-97.66%	-	-100.00%
Dec 31, 2024	297	-20.38%	67,912,892	-33.79%	59	0.73%	149	-28.71%	99	15.12%
Sep 30, 2024	368	0.27%	102,510,908	4.52%	90	0.97%	207	-8.00%	83	25.76%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard Total Stock Mkt Idx Inv	3.80M	2.99%	-80.16K
Vanguard Small Cap Index	2.93M	2.30%	-20.21K
Fidelity Canadian Growth Company Sr B	1.60M	1.40%	-
Vanguard Small Cap Growth Index Inv	1.65M	1.30%	-2.47K
Vanguard Institutional Extnd Mkt Idx Tr	1.36M	1.07%	-593.58K
Eagle Mid-Cap Growth - Institutional	1.27M	1.00%	222.79K
Wasatch Core Growth	1.10M	0.97%	-333.93K
Columbia Small Cap Growth Inst	1.00M	0.88%	4.98K
Columbia Small Cap Growth	1.00M	0.88%	-101.78K
Dynamic Power Global Growth Class	1.08M	0.85%	-16.60K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Nov 24, 2025	Boersma Travis	Executive Chairman of Board	Sell	$1.24M
Nov 25, 2025	Boersma Travis	Executive Chairman of Board	Sell	$4.85M
Nov 24, 2025	Boersma Travis	Executive Chairman of Board	Sell	$8.31M
Nov 24, 2025	Boersma Travis	Executive Chairman of Board	Sell	$17.38M
Nov 24, 2025	Boersma Travis	Executive Chairman of Board	Sell	$5.23M

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	32
2025 Q3	-	36
2025 Q2	-	48
2025 Q1	-	100
2024 Q4	-	12

BROS Ownership FAQ

Who Owns Dutch Bros?

Dutch Bros shareholders are primarily institutional investors at 90.01%, followed by 3.32% insiders and 6.67% retail investors. The average institutional ownership in Dutch Bros's industry, Restaurants Stocks , is 49.56%, which Dutch Bros exceeds.

Who owns the most shares of Dutch Bros?

Dutch Bros’s largest shareholders are Vanguard group (11.24M shares, 8.89%), Fmr (7.29M shares, 5.77%), and Blackrock funding, inc. /de (7M shares, 5.54%). Together, they hold 20.20% of Dutch Bros’s total shares outstanding.

Does Blackrock own Dutch Bros?

Yes, BlackRock owns 4.48% of Dutch Bros, totaling 3.73M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 154.53M$. In the last quarter, BlackRock increased its holdings by 2.39M shares, a 177.32% change.

Who is Dutch Bros’s biggest shareholder by percentage of total assets invested?

Tsg consumer partners lp is Dutch Bros’s biggest shareholder by percentage of total assets invested, with 100.00% of its assets in 2.28M Dutch Bros shares, valued at 119.33M$.

Who is the top mutual fund holder of Dutch Bros shares?

Vanguard Total Stock Mkt Idx Inv is the top mutual fund holder of Dutch Bros shares, with 2.99% of its total shares outstanding invested in 3.8M Dutch Bros shares.

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