Dutch Bros Inc.
Dutch Bros Inc. (BROS) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · BROS · as of Sep 30, 2025
Ownership Breakdown
484
Institutional Holders
▼ 48 vs Q2
$5.98B
Total Inst. Value
▼ $1.25B vs Q2
126.91M
Shares Outstanding
freeFloat 95.78%
114.44M
13F Shares Held
▲ 8.53M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
BROS largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC retail-eating & drinking places | 11.24M | 8.89% | 8.89% | $588.37B | Nov 7, 2025 | ▼ 94.1K |
FMR LLC retail-eating & drinking places | 7.29M | 5.77% | 5.77% | $381.45B | Nov 13, 2025 | ▲ 39.6K |
BLACKROCK, INC. retail-eating & drinking places | 7.00M | 5.54% | 5.54% | $366.17B | Nov 12, 2025 | ▲ 471.3K |
BAILLIE GIFFORD & CO retail-eating & drinking places | 3.50M | 2.77% | 2.77% | $183.04B | Oct 31, 2025 | ▼ 124.6K |
PRICE T ROWE ASSOCIATES INC /MD/ retail-eating & drinking places | 3.45M | 2.73% | 2.73% | $180.60B | Nov 14, 2025 | ▲ 3.19M |
1832 ASSET MANAGEMENT L.P. retail-eating & drinking places | 2.84M | 2.25% | 2.25% | $148.76B | Nov 14, 2025 | ▼ 265.1K |
MARSHALL WACE, LLP retail-eating & drinking places | 2.69M | 2.13% | 2.13% | $140.83B | Nov 13, 2025 | ▲ 181.0K |
NINETY ONE UK LTD retail-eating & drinking places | 2.59M | 2.05% | 2.05% | $135.34B | Nov 13, 2025 | NEW |
INVESCO LTD. retail-eating & drinking places | 2.43M | 1.92% | 1.92% | $127.01B | Nov 13, 2025 | ▲ 93.5K |
CITADEL ADVISORS LLC retail-eating & drinking places | 2.29M | 1.81% | 1.81% | $119.61B | Nov 14, 2025 | ▲ 1.97M |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
31
Increased
+13.04M shares2
New Positions
first time holders17
Decreased
−5.85M shares0
Sold Out
fully exitedNet shares change (top 50)
+7.19M
+13.04M / −5.85M
Net new holders
+16
2 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
BROS insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
20
Buy transactions
38
Sell transactions
0.53
Buy/Sell ratio
$23M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Boersma Travis Executive Chairman of Board | May 29, 2026 | Sale | 197,338 | $58.27 | $11.50M | 5.78M | Form 4 ↗ |
Boersma Travis Executive Chairman of Board | Jun 1, 2026 | Sale | 291,607 | $58.26 | $16.99M | 5.49M | Form 4 ↗ |
Boersma Travis Executive Chairman of Board | May 29, 2026 | Sale | 105,362 | $58.27 | $6.14M | 3.09M | Form 4 ↗ |
Boersma Travis Executive Chairman of Board | Jun 1, 2026 | Sale | 155,692 | $58.26 | $9.07M | 2.93M | Form 4 ↗ |
DM Individual Aggregator, LLC 10 percent owner | May 29, 2026 | Sale | 105,362 | $58.27 | $6.14M | 3.09M | Form 4 ↗ |
DM Individual Aggregator, LLC 10 percent owner | Jun 1, 2026 | Sale | 155,692 | $58.26 | $9.07M | 2.93M | Form 4 ↗ |
DM Trust Aggregator, LLC 10 percent owner | May 29, 2026 | Sale | 197,338 | $58.27 | $11.50M | 5.78M | Form 4 ↗ |
DM Trust Aggregator, LLC 10 percent owner | Jun 1, 2026 | Sale | 291,607 | $58.26 | $16.99M | 5.49M | Form 4 ↗ |
Boersma Travis Executive Chairman of Board | May 27, 2026 | Sale | 355,217 | $56.21 | $19.97M | 6.12M | Form 4 ↗ |
Boersma Travis Executive Chairman of Board | May 28, 2026 | Sale | 133,728 | $56.16 | $7.51M | 5.98M | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Dutch Bros Inc. (BROS) is primarily owned by institutional investors, who hold approximately 90.2% of total shares outstanding. Company insiders own approximately 4.22%, while retail and public investors account for the remaining 5.60%.
The largest institutional shareholder of Dutch Bros Inc. is VANGUARD GROUP INC, holding approximately 11.24 million shares — equal to 8.89% of outstanding shares — as of September 30, 2025.
A total of 484 institutional investors currently hold BROS stock, with a combined institutional value of approximately $5.98 billion as of the most recent 13F filing period.
Frequently asked questions
BROS ownershipDutch Bros Inc. (BROS) is primarily owned by institutional investors, who hold approximately 90.2% of shares. The largest shareholder is VANGUARD GROUP INC with a 8.89% stake. Company insiders hold 4.22%. Data sourced from SEC Form 13F as of September 30, 2025.