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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
MSRPS
301
Maryland State Retirement & Pension System
Maryland
$295K -$45.7K -1,573 -12%
BC
302
Bayforest Capital
United Kingdom
$279K +$156K +5,377 +106%
TRCT
303
Tower Research Capital (TRC)
New York
$277K -$97.2K -3,343 -24%
ProShare Advisors
304
ProShare Advisors
Maryland
$274K -$34.7K -1,192 -10%
CC
305
Centiva Capital
New York
$272K -$158K -5,436 -35%
CPIG
306
Chicago Partners Investment Group
Illinois
$267K +$264K +9,078 New
FAM
307
Fred Alger Management
New York
$263K +$286K +9,836 New
BCV
308
Banque Cantonale Vaudoise
Switzerland
$259K +$282K +9,690 New
KCP
309
Kera Capital Partners
California
$258K +$281K +9,662 New
CAM
310
Claret Asset Management
Quebec, Canada
$253K -$275K -9,460 Closed
CIBC Private Wealth Group
311
CIBC Private Wealth Group
Georgia
$248K +$106K +3,663 +60%
VCM
312
Vivaldi Capital Management
Illinois
$246K +$1.66K +57 +0.6%
IPW
313
Impact Partnership Wealth
Georgia
$245K +$266K +9,164 New
BHCM
314
Brevan Howard Capital Management
Jersey
$244K -$312K -10,747 -54%
Truist Financial
315
Truist Financial
North Carolina
$242K +$263K +9,060 New
OL
316
Optas LLC
Texas
$240K +$65.4K +2,249 +33%
BAAM
317
Baker Avenue Asset Management
California
$238K +$260K +8,929 New
Commonwealth Equity Services
318
Commonwealth Equity Services
Massachusetts
$238K +$64.6K +2,222 +33%
SCM
319
Sterling Capital Management
North Carolina
$236K -$66.3K -2,282 -21%
Vontobel Holding
320
Vontobel Holding
Switzerland
$235K +$256K +8,807 New
CGL
321
Clarius Group LLC
Washington
$233K
CCIA
322
Campbell & Co Investment Adviser
Maryland
$231K +$252K +8,664 New
CAM
323
Cresset Asset Management
Illinois
$231K -$129K -4,451 -34%
1C
324
111 Capital
France
$230K +$251K +8,627 New
TC
325
TownSquare Capital
Utah
$229K +$249K +8,572 New

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.