Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Dutch Bros Inc (BROS)

546 + 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
↑ +49
Streak
3Q ▲
Buyers last Q
55%

Smart Money Signals — BROS

Based on 558 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
558 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 — +13% more funds vs a year ago

fund count last 6Q
+64 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

297 buying243 selling
Last quarter: 297 funds bought or added vs 243 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.
📈

More new buyers each quarter (+21 vs last Q)

new funds entering per quarter
Funds opening a new BROS position: 61 → 130 → 99 → 120. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 37% long-term, 32% new

■ 37% conviction (2yr+) ■ 31% medium ■ 32% new
Of the 558 current holders: 208 (37%) held >2 years, 173 held 1–2 years, and 177 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.
💰

Value +36% but shares only +5% — price-driven

Value
+36%
Shares
+4%
Last quarter: the total dollar value of institutional holdings rose +36%, but actual share count only changed +5%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

94 → 61 → 130 → 99 → 120 new funds/Q
New funds entering each quarter: 61 → 130 → 99 → 120. A growing number of institutions are discovering BROS each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 42% veterans vs 36% newcomers

■ 42% veterans ■ 23% 1-2yr ■ 36% new
Entry-cohort mix of 583 holders: 243 (42%) are 2+ year veterans, 133 entered 1–2 years ago, and 207 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
58 of 555 holders are among the 100 largest funds by AUM, controlling 57% 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.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q2, 297 hedge funds were net buyers of BROS (120 opened a new position, 177 added to an existing one), while 243 reduced or exited (172 trimmed, 71 sold completely) — a 55% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 57% of total institutional value in BROS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +49 funds (more new holders than closures). Total institutional holders: 558.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 2 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: BROS
2026 Q3 Stats Unlock in 15 days 546 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 546 509 7.27%
13F Shares 135M 139M -3.05%
Total Value $8.57B $6.40B 33.97%
New Positions 116 99 +17
Increased Positions 168 202 -34
Closed Positions 76 95 -19
Reduced Positions 166 119 +47
Total Calls 15 17 -11.76%
Total Puts 13 16 -18.75%
PUT/CALL Ratio 0.87 0.94 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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Income Statement & Cash Flow
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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

546 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TSG Consumer Partners LP 100.00% 1,587,292 $114.0M
2 Joho Capital LLC 22.12% 1,418,394 $101.9M
3 Crestwood Capital Management, L.P. 11.03% 234,569 $16.8M
4 Savoir Faire Capital Management, L.P. 3.80% 85,217 $6.1M
5 Camelot Technology Advisors, INC. 2.03% 42,031 $3.0M
6 Shellback Capital, LP 1.55% 247,000 $17.7M
7 Taylor Frigon Capital Management LLC 1.55% 46,123 $3.3M
8 Rubicon Advisors, GP 1.43% 27,371 $2.0M
9 Pembroke Management, LTD 1.29% 114,750 $8.2M
10 Scratch Capital LLC 1.24% 34,926 $2.5M
11 Ashford Capital Management Inc 1.16% 150,700 $10.8M
12 Hyperion Asset Management Ltd 1.14% 598,044 $42.9M
13 Oberweis Asset Management Inc/ 0.97% 656,093 $47.1M
14 Citizens Business Bank 0.91% 84,052 $6.0M
15 Platinum Investment Management Ltd 0.88% 50,000 $3.6M
16 Orca Investment Management, LLC 0.88% 16,866 $1.2M
17 Fieldview Capital Management, LLC 0.79% 38,750 $2.8M
18 Next Century Growth Investors LLC 0.78% 203,529 $14.6M
19 Keystone Investors Pte Ltd 0.76% 197,848 $14.2M
20 Carlson Financial, INC. 0.74% 20,736 $1.3M
21 Stephens Investment Management Group LLC 0.72% 934,504 $67.1M
22 Danica Pension, Livsforsikringsaktieselskab 0.71% 618,516 $44.4M
23 1492 Capital Management LLC 0.70% 32,838 $2.4M
24 Osterweis Capital Management Inc 0.68% 201,610 $14.5M
25 Riverbridge Partners LLC 0.64% 317,628 $22.8M
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

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Frequently Asked Questions — Dutch Bros Inc (BROS)

What does the Smart Money Trend signal show for BROS?

Buying streak — 3 quarters in a row: For 3 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 — 55% buying: Last quarter: 297 funds bought or added vs 243 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 — 57% AUM from top-100 funds: 58 of 555 holders are among the 100 largest funds by AUM, controlling 57% 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 — 37% long-term, 32% new: Of the 558 current holders: 208 (37%) held >2 years, 173 held 1–2 years, and 177 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.

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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