Baillie Gifford Reduces Stake in Dutch Bros Coffee

Institutional investor sells over 260,000 shares of the fast-growing drive-thru coffee chain

Apr. 13, 2026 at 7:26am

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Baillie Gifford & Co., a major institutional investor, has reduced its position in Dutch Bros Inc. (NYSE: BROS) by 7.6% in the fourth quarter, according to a recent SEC filing. The firm now owns approximately 3.2 million shares, or 1.96% of the company's outstanding stock, valued at nearly $198 million.

Why it matters

Dutch Bros has been one of the fastest-growing coffee chains in the U.S., expanding rapidly across multiple states. The company's stock has seen significant volatility since its IPO in 2021, and institutional investors like Baillie Gifford play a key role in shaping the stock's performance and valuation.

The details

According to the 13F filing, Baillie Gifford sold 266,391 shares of Dutch Bros during the fourth quarter. The firm remains a major shareholder, owning over 3.2 million shares worth nearly $198 million. Other notable institutional investors in Dutch Bros include Balyasny Asset Management, Amundi, and BNP Paribas Financial Markets.

  • Baillie Gifford reduced its Dutch Bros stake in the fourth quarter of 2025.
  • Dutch Bros went public in September 2021.

The players

Baillie Gifford & Co.

A major institutional investor and one of the largest shareholders of Dutch Bros Inc.

Dutch Bros Inc.

A fast-growing drive-thru coffee chain that went public in 2021 and has been rapidly expanding across the United States.

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What they’re saying

“We must continue to monitor the performance and growth trajectory of Dutch Bros as it navigates the competitive coffee landscape.”

— Analyst

What’s next

Investors will be closely watching Dutch Bros' upcoming quarterly earnings report to assess the company's performance and growth outlook.

The takeaway

The reduction in Baillie Gifford's stake in Dutch Bros highlights the volatility and uncertainty surrounding the company's stock, even as it continues to rapidly expand its footprint across the United States.