Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dutch Bros Inc (BROS)

505 + Investors. Track Smart Money conviction in BROS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
2Q ▲
Buyers last Q
58%

Smart Money Signals — BROS

Based on 506 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added BROS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
506 hedge funds hold BROS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +9% more funds vs a year ago

fund count last 6Q
+40 new funds entered over the past year (+9% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

305 buying220 selling
Last quarter: 305 funds bought or added vs 220 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-32 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 92 → 61 → 130 → 98. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
📌

Mixed — 35% long-term, 31% new

■ 35% conviction (2yr+) ■ 34% medium ■ 31% new
Of the 506 current holders: 175 (35%) held >2 years, 172 held 1–2 years, and 159 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💎

Buying through price weakness — shares +12%, value -14%

Value
-14%
Shares
+12%
Last quarter: funds added +12% more shares while total portfolio value only changed -14%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

115 → 92 → 61 → 130 → 98 new funds/Q
New funds entering each quarter: 92 → 61 → 130 → 98. A growing number of institutions are discovering BROS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 40% veterans vs 38% newcomers

■ 40% veterans ■ 22% 1-2yr ■ 38% new
Entry-cohort mix of 534 holders: 211 (40%) are 2+ year veterans, 120 entered 1–2 years ago, and 203 (38%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
54 of 501 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in BROS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BROS

In 2026 Q1, 305 hedge funds were net buyers of BROS (98 opened a new position, 207 added to an existing one), while 220 reduced or exited (124 trimmed, 96 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 45% of total institutional value in BROS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 506.

Hedge Fund Ownership: BROS

How many hedge funds hold BROS — quarterly history vs. share price
Quarterly hedge fund ownership of BROS vs. share price

Market Analysis: BROS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BROS

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Dutch Bros Inc (BROS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BROS has moved relative to its sector benchmark (XLY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
BROS
+30.1%
XLY
+7.0%

BROS outperformed XLY by +23.1% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
BROS
+29.2%
XLY
+0.1%

Since the filing became public, BROS outperformed XLY by +29.1% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

34 top-rated funds 2 high-conviction
Consensus
6.7
/ 10
breadth
×
Elite
2.5
/ 10
conviction
Hedge Fund Positioning: BROS
505 + Investors

Track Smart Money conviction in BROS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 505 504 0.2%
13F Shares 138M 123M 12.02%
Total Value $6.31B $7.37B -14.42%
New Positions 98 130 -32
Increased Positions 201 175 +26
Closed Positions 97 71 +26
Reduced Positions 117 136 -19
Total Calls 17 19 -10.53%
Total Puts 16 15 6.67%
PUT/CALL Ratio 0.94 0.79 Neutral

Statistics: BROS

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

505 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BROS. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BROS holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TSG Consumer Partners LP 100.00% 2,279,846 $115.5M
2 Joho Capital LLC 19.26% 1,418,394 $71.9M
3 Crestwood Capital Management, L.P. 10.98% 315,379 $16.0M
4 Mane Global Capital Management LP 3.92% 750,890 $38.0M
5 Savoir Faire Capital Management, L.P. 2.98% 97,361 $4.9M
6 Shellback Capital, LP 2.50% 347,000 $17.6M
7 Timelo Investment Management Inc. 1.92% 48,000 $2.4M
8 Range Rock Capital, LLC 1.60% 14,776 $749K
9 Camelot Technology Advisors, INC. 1.54% 42,031 $2.1M
10 Taylor Frigon Capital Management LLC 1.33% 46,242 $2.3M
11 Next Century Growth Investors LLC 1.22% 332,828 $16.9M
12 Rubicon Advisors, GP 1.12% 25,452 $1.3M
13 Delta Global Management LP 1.10% 265,781 $13.5M
14 Ashford Capital Management Inc 1.00% 159,230 $8.1M
15 Oberweis Asset Management Inc/ 0.90% 598,493 $30.3M
16 Orca Investment Management, LLC 0.74% 17,121 $867K
17 Taproot Management LP 0.73% 75,828 $3.8M
18 Citizens Business Bank 0.72% 86,345 $4.4M
19 Landscape Capital Management, L.L.C. 0.72% 222,883 $11.3M
20 Platinum Investment Management Ltd 0.67% 52,500 $2.7M
21 Riverbridge Partners LLC 0.63% 511,403 $25.9M
22 Danica Pension, Livsforsikringsaktieselskab 0.63% 662,638 $33.6M
23 Capstone Capital Management Ltd 0.59% 11,594 $587K
24 Interval Partners, LP 0.54% 407,700 $20.7M
25 Freestone Grove Partners LP 0.54% 1,504,392 $76.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Dutch Bros Inc (BROS)

What does the Smart Money Trend signal show for BROS?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BROS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BROS?

Slight buying edge — 58% buying: Last quarter: 305 funds bought or added vs 220 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BROS holders?

Elite ownership — 45% AUM from top-100 funds: 54 of 501 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in BROS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BROS?

Mixed — 35% long-term, 31% new: Of the 506 current holders: 175 (35%) held >2 years, 172 held 1–2 years, and 159 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Is it too late to buy Dutch Bros Inc (BROS) following the 2026 Q1 hedge fund 13F filings?

As of today, BROS has moved +29.2% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.1% for the XLY sector ETF — an outperformance of +29.1%. Since the quarter end (March 31, 2026), BROS has gained +30.1% vs +7.0% for XLY. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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