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
OL
301
Optas LLC
Texas
$271K
BPC
302
Banque Pictet & Cie
Switzerland
$271K
BFM
303
Boothbay Fund Management
New York
$271K
BHCM
304
Brevan Howard Capital Management
Jersey
$259K
MSRPS
305
Maryland State Retirement & Pension System
Maryland
$257K
GI
306
GAMMA Investing
California
$250K
OAC
307
OMERS Administration Corp
Ontario, Canada
$248K
SLAM
308
Swiss Life Asset Management
$244K
MML Investors Services
309
MML Investors Services
Massachusetts
$238K
Rafferty Asset Management
310
Rafferty Asset Management
New York
$236K
CAM
311
Cresset Asset Management
Illinois
$229K
US Bancorp
312
US Bancorp
Minnesota
$226K
CAM
313
Claret Asset Management
Quebec, Canada
$226K
ACA
314
Atlas Capital Advisors
Wyoming
$223K
PNC Financial Services Group
315
PNC Financial Services Group
Pennsylvania
$220K
CAG
316
Crestwood Advisors Group
Massachusetts
$219K
ProShare Advisors
317
ProShare Advisors
Maryland
$216K
SFS
318
Sowell Financial Services
Arkansas
$215K
SGAM
319
Smith Group Asset Management
Texas
$215K
ICP
320
Interchange Capital Partners
Pennsylvania
$215K
SAM
321
Sagewood Asset Management
New York
$215K
CPC
322
Cookson Peirce & Co
Pennsylvania
$215K
AFG
323
Atomi Financial Group
New York
$214K
QCG
324
Quadrant Capital Group
Ohio
$211K
MP
325
Mangrove Partners
Connecticut
$204K