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470 hedge funds and large institutions have $5.96B invested in Dropbox in 2025 Q3 according to their latest regulatory filings, with 69 funds opening new positions, 153 increasing their positions, 178 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

302% more call options, than puts

Call options by funds: $311M | Put options by funds: $77.5M

11% more first-time investments, than exits

New positions opened: 69 | Existing positions closed: 62

2.91% more ownership

Funds ownership: 98.97%101.89% (+2.9%)

3% more capital invested

Capital invested by funds: $5.79B → $5.96B (+$166M)

0% more funds holding

Funds holding: 468470 (+2)

14% less repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 178

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
470
Holders Change
+2
Holders Change %
+0.43%
% of All Funds
6.17%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
69
Increased
153
Reduced
178
Closed
62
Calls
$311M
Puts
$77.5M
Net Calls
+$234M
Net Calls Change
+$92.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Rafferty Asset Management
301
Rafferty Asset Management
New York
$317K -$69.8K -2,441 -19%
Natixis Advisors
302
Natixis Advisors
Massachusetts
$316K -$86.1K -3,011 -22%
Pathstone Holdings
303
Pathstone Holdings
New Jersey
$314K +$297K +10,379 New
FAM
304
Fred Alger Management
New York
$301K +$33.6K +1,176 +13%
PWM
305
Paulson Wealth Management
Illinois
$299K
URS
306
Utah Retirement Systems
Utah
$299K -$22.9K -800 -7%
LSA
307
Leonteq Securities AG
Switzerland
$296K -$178K -6,217 -39%
AC
308
Aristides Capital
Kentucky
$294K +$279K +9,745 New
AC
309
Armistice Capital
New York
$289K +$274K +9,573 New
AI
310
Atria Investments
North Carolina
$288K -$19.6K -684 -7%
ECM
311
Evergreen Capital Management
Washington
$286K +$34.3K +1,199 +15%
US Bancorp
312
US Bancorp
Minnesota
$283K -$448K -15,671 -63%
JF
313
Jump Financial
Illinois
$283K -$605K -21,171 -69%
MSRPS
314
Maryland State Retirement & Pension System
Maryland
$280K -$51.6K -1,804 -16%
SPA
315
Sherbrooke Park Advisers
New York
$275K +$55.5K +1,940 +27%
SLAM
316
Swiss Life Asset Management
$273K +$259K +9,049 New
EWM
317
Empirical Wealth Management
Washington
$273K +$52.4K +1,832 +25%
OAC
318
OMERS Administration Corp
Ontario, Canada
$270K
CFM
319
Catalyst Funds Management
Australia
$266K +$48.6K +1,700 +24%
SFA
320
Sequoia Financial Advisors
Ohio
$263K +$249K +8,707 New
ProShare Advisors
321
ProShare Advisors
Maryland
$259K -$31.9K -1,116 -12%
FFA
322
Farther Finance Advisors
California
$250K -$20.8K -727 -8%
CIBC Asset Management
323
CIBC Asset Management
Ontario, Canada
$247K
PNC Financial Services Group
324
PNC Financial Services Group
Pennsylvania
$247K -$12.6K -442 -5%
CAM
325
Claret Asset Management
Quebec, Canada
$246K -$3.32K -116 -1%

DBX Hedge Fund Activity: Q3 2025 in Review

470 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Dropbox (DBX) for Q3 2025, worth a combined $5.96B — up 2.9% from $5.79B a quarter earlier.

Buyers outnumbered sellers: 69 funds opened new DBX positions and 62 closed out — a net gain of 7 holders — while 153 added to existing stakes and 178 trimmed.

The largest buyer was LSV Asset Management, adding an estimated $91.7M. The largest seller was Ameriprise, cutting an estimated $102M.

  • 470 institutional investors held Dropbox (DBX) as of Q3 2025, up from 468 in Q2 2025.
  • Funds reported $5.96B of Dropbox stock for Q3 2025, up 2.9% quarter-over-quarter.
  • 69 funds opened new Dropbox positions in Q3 2025 and 62 closed out, a net change of +7 holders.
  • The largest Dropbox buyer in Q3 2025 was LSV Asset Management, an estimated $91.7M added.
  • The largest Dropbox seller in Q3 2025 was Ameriprise, an estimated $102M sold.

Based on aggregated 13F filings for Q3 2025.