Free · no sign-up · Q2 2026

Which funds own BROS

Dutch Bros Inc-a in the Q2 2026 filings. At least 4 of the 91 current managers on file reported a position, worth $348m between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went the other way: 4 managers trimmed or sold out against 1 buying.

Managers holding: 4; at least, of 91 current
Combined value: $348m; as reported
Opened: 1; new this quarter
Added to: 0; already held
Trimmed or sold out: 4; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Baillie Gifford & Co Long-only · $110bn book	$197m	0.2%	2,738,885	+$45m-255,326	Trimmed
Marshall Wace LLP Quantitative · $127bn book	$105m	0.1%	1,459,562	-$27m-1,134,295	Trimmed
Freestone Grove Partners LP Multi-strategy · $15.6bn book	$42m	0.3%	579,389	-$35m-925,003	Trimmed
Quantbot Technologies LP Quantitative · $2.5bn book	$4.4m	0.2%	60,795	opened60,795	New

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Holocene Advisors LP · Long/short equity$30m held before

Ownership through time

At least 9 of the 95 managers whose filings are on file listed BROS in Q2 2026, against 4 in Q3 2021. 3 managers fewer than in Q1 2026: 1 started a position; 2 listed it again; 6 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Quantbot Technologies LP$4.4m

Largest increases, by shares

T. Rowe Price Associates Inc7,632,450 to 9,593,935 shares+$141m
Quantbot Technologies LPnew: 60,795 shares+$4.4m

Largest decreases, by shares

Marshall Wace LLP2,593,857 to 1,459,562 shares-$81m
Freestone Grove Partners LP1,504,392 to 579,389 shares-$66m
Baillie Gifford & Co2,994,211 to 2,738,885 shares-$18m
Squarepoint Ops LLC935,733 to 881,257 shares-$3.9m
Winton Group Ltd37,944 to 15,758 shares-$1.6m

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Fidelity (FMR LLC)	Q2 2025	$1.2bn	$1.2bn
T. Rowe Price Associates Inc	Q3 2025	$689m	$689m
Wellington Management Group LLP	Q2 2026	$222m	$222m
Baillie Gifford & Co	Q3 2024	$321m	$197m
Marshall Wace LLP	Q3 2022	$190m	$105m
Squarepoint Ops LLC	Q1 2025	$175m	$63m
Freestone Grove Partners LP	Q3 2025	$76m	$42m
Quantbot Technologies LP	Q4 2024	$7.8m	$4.4m
Winton Group Ltd	Q2 2024	$1.9m	$1.1m
D. E. Shaw & Co.	Q2 2024	$327m	last listed Q4 2025
Millennium Management LLC	Q1 2025	$173m	last listed Q1 2026
Citadel Advisors LLC	Q1 2024	$162m	last listed Q2 2024
Balyasny Asset Management LLC	Q1 2024	$152m	last listed Q1 2026
Point72 Asset Management LP	Q4 2023	$141m	last listed Q1 2026
AllianceBernstein LP	Q1 2022	$95m	last listed Q4 2025
Renaissance Technologies LLC	Q2 2024	$80m	last listed Q2 2025
Davidson Kempner Capital Management LP	Q3 2021	$66m	last listed Q2 2024
Woodline Partners LP	Q3 2021	$56m	last listed Q1 2026
Two Sigma Investments LP	Q1 2024	$54m	last listed Q2 2025

What BROS is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around BROS →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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