DUTCH BROS INC

Ticker: BROS CUSIP: 26701L100 Class: CL A

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025
Shares 180,000 Value ($000) $9,421 Avg Close $63.23 Range $51.27 - $74.65
Q2 2025
Shares 180,000 Value ($000) $12,307 Avg Close $65.23 Range $47.26 - $77.88
Q1 2025
Shares 180,000 Value ($000) $11,113 Avg Close $65.86 Range $52.50 - $86.88
Q4 2024
Shares 180,000 Value ($000) $9,428 Avg Close $44.12 Range $30.49 - $56.10
Q3 2024
Shares 180,000 Value ($000) $5,765 Avg Close $35.25 Range $26.96 - $43.49
Q2 2024
Shares 180,000 Value ($000) $7,452 Avg Close $34.36 Range $26.85 - $42.87
Q1 2024
Shares 180,000 Value ($000) $5,940 Avg Close $29.51 Range $25.46 - $36.17
Q4 2023
Shares 180,000 Value ($000) $5,701 Avg Close $27.24 Range $22.85 - $32.31
Q3 2023
Shares 180,000 Value ($000) $4,185 Avg Close $28.49 Range $22.66 - $35.09
Q2 2023
Shares 180,000 Value ($000) $5,121 Avg Close $29.66 Range $25.45 - $33.89
Q1 2023
Shares 180,000 Value ($000) $5,693 Avg Close $33.85 Range $26.93 - $41.44
Q4 2022
Shares 180,000 Value ($000) $5,074 Avg Close $33.08 Range $27.28 - $39.06
Q3 2022
Shares 180,000 Value ($000) $5,607 Avg Close $37.64 Range $31.15 - $54.18
Q2 2022
Shares 180,000 Value ($000) $5,697 Avg Close $40.99 Range $20.05 - $58.69
Q4 2021
Shares 180,000 Value ($000) $9,164 Avg Close $55.52 Range $41.32 - $81.40
Q3 2021
Shares 180,000 Value ($000) $7,798 Avg Close $47.51 Range $32.42 - $62.00