BROS β€” DUTCH BROS INC

Ownership history in JOHO CAPITAL LLC  Β·  11 quarters on record

This page tracks every 13F SEC filing in which JOHO CAPITAL LLC reported a position in DUTCH BROS INC (BROS). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
20.47% (2025 Q1)
πŸ“Š Avg. % of fund
10.56%
πŸ“… First filed
2023 Q1
πŸ“… Last filed
2025 Q4
⏱ Quarters held
11

Position Intelligence

JOHO CAPITAL LLC Γ— BROS AI Analytics

πŸ“ˆ JOHO CAPITAL LLC outperformed the S&P 500 by +18.1% annually on this BROS position. Timing score: 57% (4/7 decisions correct). Average cost basis: $32.49. Maximum drawdown during holding period: –26.5%.

πŸ“ˆ Position Alpha vs SPY
+18.1%
annualised excess return

πŸ”₯ Exceptional β€” beat the S&P 500 by 18.1% per year on this position.
10 quarters analyzed

⏱️ Timing Score
57%

βœ… Decent timing β€” more right than wrong on entries and exits.
4 of 7 add/trim decisions correct

πŸ’° Entry Quality
$32.49
+88.4% vs current ($61.22)

Best entry: $31.63 (2023 Q1)  Β·  Worst: $33.00 (2024 Q1)

πŸ›‘οΈ Drawdown Resilience
–26.5%
max drawdown while held

πŸ’ͺ Held through 3 major drawdowns (>20%). Diamond-hands conviction.

πŸ’ͺ Fund Conviction
57%
buy-side decisions

4 adds Β· 3 trims. Bought during 1 of 3 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
↓ Shrinking
last 4–5 quarters trend

πŸ“‰ Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 18.53% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    BROS price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 UNCHANGED 1,418,394 β€” 0% 18.53% $86.8M $61.22
2025 Q3 REDUCED 1,418,394 -336,395 -19.2% 13.19% $74.2M $52.34
2025 Q2 REDUCED 1,754,789 -164,725 -8.6% 16.90% $120.0M $68.37
2025 Q1 UNCHANGED 1,919,514 β€” 0% 20.47% $118.5M $61.74
2024 Q4 UNCHANGED 1,919,514 β€” 0% 17.45% $100.5M $52.38
2024 Q3 ADDED 1,919,514 +555,000 +40.7% 9.71% $61.5M $32.03
2024 Q2 UNCHANGED 1,364,514 β€” 0% 7.99% $56.5M $41.40
2024 Q1 ADDED 1,364,514 +1,106,511 +428.9% 6.25% $45.0M $33.00
2023 Q4 ADDED 258,003 +3,200 +1.3% 1.48% $8.2M $31.67
2023 Q3 REDUCED 254,803 -102,000 -28.6% 1.33% $5.9M $23.25
1 older quarter hidden  β€”  Sign in free or upgrade to Premium to see full history

🏒 Other funds also holding BROS

As of 2025 Q4 β€” sorted by position size

TSG Consumer Partners LP 3Y 100.0% Crestwood Capital Management, L.P. 3Y 7Y 11.06% Savoir Faire Capital Management, L.P. 3.39% Revere Asset Management, Inc 3.27% Watershed Asset Management, L.L.C. 3Y 7Y 3.27% DEEPWATER ASSET MANAGEMENT, LLC 3Y 3.19% MANE GLOBAL CAPITAL MANAGEMENT LP 3Y 3.19% Aperture Investors, LLC 3Y 3.04% Shellback Capital, LP 3Y 7Y 2.1% CAMELOT TECHNOLOGY ADVISORS, INC. 1.91%
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