463 hedge funds and large institutions have $5.45B invested in Dropbox in 2025 Q4 according to their latest regulatory filings, with 64 funds opening new positions, 157 increasing their positions, 170 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more ownership

Funds ownership:

less funds holding

Funds holding:

8% less repeat investments, than reductions

Existing positions increased: 157 | Existing positions reduced: 170

8% less capital invested

Capital invested by funds: $5.95B → $5.45B (-$499M)

Holders
463
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$280M
Puts
$46.9M
Net Calls
Net Calls Change

Top Buyers

1 +$37.2M
2 +$31.8M
3 +$30.2M
4
QCM
Quantinno Capital Management
New York
+$24.3M
5
Millennium Management
Millennium Management
New York
+$24.1M

Top Sellers

1 -$45.8M
2 -$29.4M
3 -$24.7M
4
Ameriprise
Ameriprise
Minnesota
-$23.4M
5
Citadel Advisors
Citadel Advisors
Florida
-$20.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Neuberger Berman Group
226
Neuberger Berman Group
New York
$728K
I
227
INVST
Indiana
$718K
EAM
228
Empirical Asset Management
Massachusetts
$716K
GC
229
Guggenheim Capital
Illinois
$711K
GWMR
230
GC Wealth Management RIA
Massachusetts
$702K
ASN
231
Advisory Services Network
Georgia
$692K
DO
232
denkapparat Operations
Germany
$677K
VCM
233
Voleon Capital Management
California
$661K
CAU
234
Caxton Associates (UK)
$656K
IIM
235
INTECH Investment Management
Florida
$655K
AAM
236
Advisors Asset Management
Colorado
$638K
X
237
Xponance
Pennsylvania
$617K
KCP
238
Kera Capital Partners
California
$592K
Allspring Global Investments
239
Allspring Global Investments
North Carolina
$586K
Aviva
240
Aviva
United Kingdom
$584K
CFO
241
Callan Family Office
Pennsylvania
$581K
I
242
InceptionR
California
$580K
OCBCO
243
Oversea-Chinese Banking Corp (OCBC)
Singapore
$565K
SPS
244
Susquehanna Portfolio Strategies
Pennsylvania
$552K
QI
245
Qtron Investments
Massachusetts
$539K
Osaic Holdings
246
Osaic Holdings
Arizona
$535K
Federated Hermes
247
Federated Hermes
Pennsylvania
$533K
WF
248
Womack Financial
Texas
$529K
BAAM
249
Baker Avenue Asset Management
California
$528K
CL
250
Choreo LLC
Illinois
$520K