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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
6.11%
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
LNWTC
276
Laird Norton Wetherby Trust Company
Washington
$383K
RAM
277
Resona Asset Management
Japan
$383K +$18.2K +625 +5%
USAA
278
United Services Automobile Association
Texas
$379K -$35.8K -1,231 -8%
DLHL
279
Donald L. Hagan LLC
Florida
$378K +$9.86K +339 +2%
BF
280
BOK Financial
Oklahoma
$376K -$135K -4,634 -25%
AC
281
AlphaCore Capital
California
$363K +$395K +13,574 New
WTG
282
West Tower Group
Virginia
$361K -$29.1K -1,000 -7%
SSA
283
Schonfeld Strategic Advisors
New York
$356K -$389K -13,365 -50%
SC
284
SummitTX Capital
Texas
$355K +$386K +13,283 New
SMH
285
Sanders Morris Harris
Texas
$353K
Cambridge Investment Research Advisors
286
Cambridge Investment Research Advisors
Iowa
$352K -$291K -10,022 -43%
CW
287
CreativeOne Wealth
Kansas
$350K +$24.4K +840 +7%
BPC
288
Banque Pictet & Cie
Switzerland
$346K +$376K +12,942 New
DO
289
denkapparat Operations
Germany
$342K +$97.3K +3,348 +35%
IIC
290
Integrated Investment Consultants
Michigan
$339K +$369K +12,687 New
LSA
291
Leonteq Securities AG
Switzerland
$328K -$18.8K -648 -5%
Osaic Holdings
292
Osaic Holdings
Arizona
$322K -$362K -12,440 -51%
URS
293
Utah Retirement Systems
Utah
$318K -$28.5K -981 -8%
PTC
294
Petrus Trust Company
Texas
$316K -$97.5K -3,353 -22%
AWA
295
Aaron Wealth Advisors
Illinois
$314K +$46.3K +1,594 +16%
RCA
296
Resonant Capital Advisors
Wisconsin
$314K +$19.4K +668 +6%
CL
297
Choreo LLC
Illinois
$310K +$107K +3,689 +47%
N
298
Numerai
California
$310K +$337K +11,598 New
SFS
299
Sowell Financial Services
Arkansas
$302K +$329K +11,313 New
RF
300
RHS Financial
California
$296K +$103K +3,531 +47%

DBX Hedge Fund Activity: Q1 2025 in Review

456 of the 7,458 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.