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456 hedge funds and large institutions have $5.87B invested in Dropbox in 2025 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 145 increasing their positions, 171 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more call options, than puts

Call options by funds: $240M | Put options by funds: $125M

9% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 67

1% more funds holding

Funds holding: 453456 (+3)

4.67% less ownership

Funds ownership: 102.49%97.82% (-4.7%)

14% less capital invested

Capital invested by funds: $6.85B → $5.87B (-$980M)

15% less repeat investments, than reductions

Existing positions increased: 145 | Existing positions reduced: 171

Holders
456
Holders Change
+3
Holders Change %
+0.66%
% of All Funds
6.12%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.03%
New
73
Increased
145
Reduced
171
Closed
67
Calls
$240M
Puts
$125M
Net Calls
+$115M
Net Calls Change
-$106M
Name Holding Trade Value Shares
Change
Change in
Stake
I
226
INVST
Indiana
$683K +$743K +25,561 New
Northwestern Mutual Wealth Management
227
Northwestern Mutual Wealth Management
Wisconsin
$682K
QC
228
Quadrature Capital
United Kingdom
$676K +$736K +25,314 New
RCAG
229
Rehmann Capital Advisory Group
Michigan
$675K +$734K +25,264 New
Walleye Capital
230
Walleye Capital
New York
$664K -$1.85M -63,765 -72%
STA
231
Summit Trail Advisors
New York
$659K +$482K +16,574 +204%
SG Americas Securities
232
SG Americas Securities
New York
$647K +$704K +24,231 New
Mariner
233
Mariner
Kansas
$645K -$201K -6,930 -22%
DB
234
Danske Bank
Denmark
$641K -$1.48M -50,840 -68%
Mirae Asset Global Investments
235
Mirae Asset Global Investments
South Korea
$622K -$37.5K -1,289 -5%
ASN
236
Advisory Services Network
Georgia
$621K -$40.4K -1,391 -6%
Public Employees Retirement Association of Colorado
237
Public Employees Retirement Association of Colorado
Colorado
$619K
CFG
238
Cooper Financial Group
California
$617K +$18.6K +640 +3%
Cetera Investment Advisers
239
Cetera Investment Advisers
Illinois
$593K +$149K +5,117 +30%
GC
240
Guggenheim Capital
Illinois
$593K -$1.34M -45,944 -67%
LCAM
241
London & Capital Asset Management
United Kingdom
$592K -$291K -10,000 -31%
GAM
242
Groupama Asset Management
France
$591K
A
243
AlphaQuest
New York
$589K -$378 -13 -0.1%
TSS
244
Two Sigma Securities
New York
$579K -$234K -8,060 -27%
HW
245
Hancock Whitney
Mississippi
$572K +$19K +653 +3%
Wolverine Trading
246
Wolverine Trading
Illinois
$565K -$220K -7,569 -26%
RWM
247
Ritholtz Wealth Management
New York
$554K +$603K +20,728 New
CIG
248
CCM Investment Group
Minnesota
$545K +$25.5K +876 +4%
OCBCO
249
Oversea-Chinese Banking Corp (OCBC)
Singapore
$543K
VEA
250
Virtus ETF Advisers
New York
$542K +$590K +20,297 New

DBX Hedge Fund Activity: Q1 2025 in Review

456 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q1 2025, worth a combined $5.87B — down 14% from $6.85B a quarter earlier.

Buyers outnumbered sellers: 73 funds opened new DBX positions and 67 closed out — a net gain of 6 holders — while 145 added to existing stakes and 171 trimmed.

The largest buyer was Wedge Capital Management, adding an estimated $58.7M. The largest seller was Ameriprise, cutting an estimated $123M.

  • 456 institutional investors held Dropbox (DBX) as of Q1 2025, up from 453 in Q4 2024.
  • Funds reported $5.87B of Dropbox stock for Q1 2025, down 14% quarter-over-quarter.
  • 73 funds opened new Dropbox positions in Q1 2025 and 67 closed out, a net change of +6 holders.
  • The largest Dropbox buyer in Q1 2025 was Wedge Capital Management, an estimated $58.7M added.
  • The largest Dropbox seller in Q1 2025 was Ameriprise, an estimated $123M sold.

Based on aggregated 13F filings for Q1 2025.